koinsuka (OP)
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Zap.org - Data Feed Oracle Marketplace
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October 18, 2017, 09:01:54 PM
Last edit: March 28, 2018, 07:56:38 PM by koinsuka |
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Introducing Zap.org Smart Contracts Need Oracles. We Developed a Marketplace to Find, List, and Purchase Oracles.
The token sale has concluded.
The main sale period ended on November 20, 2017.
 Zap is an open platform for creating, sharing, and monetizing deterministic oracles from data feeds (such as exchange rates, sports scores, flight data, etc.) for use in smart contracts. The grand vision is to reduce the friction in using external data in blockchain-based smart contracts. By taking the hard work out of creating data oracles, Zap is accelerating the mainstream adoption of real world smart contracts. Right now, it is not a simple process to use smart contracts in the real world. We are changing that. With the Zap.Store, anyone will be able bridge the gap between real-world data and the blockchain economy. The Synapse Foundation was formed to promote and oversee the Zap project, including Zap.Tech, our open source technology stack and Zap.Store, our consumer facing Dapp. The Foundations mission is to foster the creation of the worlds best open marketplace for data. The Synapse Foundation was founded by a group led by Nick Spanos, who is one of Bitcoins earliest adopters. He founded Bitcoin Center NYC in 2013, a 6,000 sqft cornerstone of the New York City cryptocurrency community, 100 feet from the New York Stock Exchange and serves as CEO of Blockchain Technologies Corp. Spanos was featured in the recent documentary Banking on Bitcoin and has been featured in many conferences on blockchain technology. Smart contracts and decentralized applications (Ðapps) must be connected with off-chain sources, or oracles, to utilize data from the outside world. But oracles are difficult to create, difficult to access, and difficult to trust. The Zap Store is the first oracle solution to be implemented within an intuitive and user friendly marketplace, matching data providers with smart contract creators.
The Zap project was designed to simplify the process of Dapp developers to find the data their smart contracts need, and trust it on their terms. This allows all parties to a smart contract the ability to agree on the source of data and have faith in the way that the data is delivered.
 The Zap Store is building a novel, market based solution to the oracle problem, empowering anyone with data to create an oracle and immediately profit from delivering their data to the blockchain. By designing the Zap Store as a free market, were lowering the barrier to entry to the data economy and incentivizing competition between similar data feeds that will select for the highest quality data.
The Zap Store also enables users to trustlessly invest in oracles they predict will be useful in the future, and share in the profits when those oracles are used. This dynamic price discovery assists in further curating oracles, as investors are incentivized to seek out oracles who provide consistently true data.
       The advantage of deterministic oracles (in comparison to crowd consensus oracles, such as those employed by Gnosis/Augur) is that they provide smart contracts with immediate information about the state of the world. They gather data directly from a single source or data feed (e.g. flight info and sport statistics) enabling efficient, reliable, flexible scaling.
Of course, using single source deterministic oracle introduces a new issue: trust. The Zap Store overcomes the security risks associated with single oracles by offering a user-friendly suite of consensus models, so users choose which feeds to trust and when. A user could choose to follow one trusted data feed or only trust the average of a bundle of similar data feeds. By leaving trust up to the users, while allowing data providers to compete in an open marketplace, The Zap Store is providing a deft, market-based solution to the oracle curation problem.
  
The Zap Project aims to create the first standardized and self-sustained blockchain data layer by offering a three part solution. First, by creating a global, decentralized marketplace where users can publish or subscribe to data feeds. Second, by connecting smart contracts to the oracles necessary for smart contracts to execute. Third, by implementing dynamic, peer to peer economic curation of oracles.----  [Website:] https://zap.org[Whitepaper:] https://zap.org/whitepaper.pdf[Telegram:] https://t.me/ZapOracles [Email:] hello@zap.org[Blog:] https://media.zapproject.org [Twitter:] https://twitter.com/ZapOracles [Facebook:] https://facebook.com/OfficialZapStore [LinkedIn:] https://www.linkedin.com/company/zap-store[YouTube:] https://www.youtube.com/channel/UCj53uS32K8UwQCytBwPqmtg[Reddit:] https://reddit.com/r/zapstore [GitHub:] https://github.com/zapproject[Slideshare:] https://www.slideshare.net/zap-store/the-zap-store
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