blockchain governance system that has an efficient guarantee for good contracts
OATH is a blockchain governance system that has an efficient guarantee for good contracts. If one aspect is not satisfied with the results of the partnership, which leads to a dispute, there will be a third party on the outskirts of the city without a conflict of interest to resolve the dispute. the provision of dispute resolution mechanisms increases good contract dependency and provides a reliable protection mechanism for blocking chain users.
OATH acts as an association insurance protocol for dApp users, protecting them from unwanted partner behavior. After the OATH protocol is started, the OATH jury community can vote on the decision to resolve the dispute. The OATH protocol can greatly enhance the trust of the users concerned which ensures that all contracts are guaranteed by an objective system which, only in the event of a dispute, the parties have an impartial partner, the objective jury who handles it.
How advanced is the project?
The OATH report contains comprehensive data about the project, and therefore an electronic device provides an additional summary summarized. The team continues to develop its Intermediate page with in-depth updates and articles. it’s already undeniable ability to effectively attract partners and investors to the platform.
NEM is one of all their partners who will use the Oath Protocol because of the default dispute resolution protocol on the platform. At present, NEM is one of the twenty leading cryptocurrency measured by capitalization. Recognized monetary media stores such as Yahoo Finance and newsbtc.com issued many spectacular high-level press coverage of the Oath Protocol. The most valuable oath player is predicted to be launched at the end of 2018, ahead of schedule
From a technical perspective, OATH provides extensions to existing smart contract programming languages and infrastructure layers for decentralized applications. The developer will be able to integrate OATH as a platform that will resolve disputes if the contract parties do not agree.
Potential cases of using the OATH protocol include free-sale cryptocurrency trading, e-commerce dispute resolution, blockchain-powered insurance solutions, assignment of obligations for blockchain-based lease agreements, content management for decentralized content platforms and social networks, determination of results for oracle platforms and blockchain governance public.
USE OF SMART CONTRACTS
Easy and reasonable contract tools can greatly reduce barriers to exploiting reasonable contracts. in addition, the OATH protocol will be engineered into a reasonable contract to protect user rights and assets.
DECENTRALIZATION ≠ ANARCHY
A decentralized system must be governed by a decentralized community. OATH provides a typical blockchain governance protocol by organizing a decentralized jury community, consisting of members with various backgrounds and fields of experience, to resolve disputes or arguments about the blockchain.
CONSENSUS IS A REAL LAW
While it is true that “code is law,” code will only die by principles programmed into the code, and cannot solve any problem outside of this parameter.
The consensus is that actual legislation is the result of agreement solely among all users able to break down all types of problems.
SHARED DApp users are given incentives to make healthy schemes. OATH invites users from completely different communities to not only provide governance for the dApp they support, but also for alternative ecosystems. In this way, we will grow a large community together.
Blockchain security should have two completely different layers: Technology and Governance. So far, we have only focused on information technology security, such as ‘anti-hacking’ or ‘code review.’ but Blockchain Governance is simple (if not more) important because every user wants it from time to time. The OATH protocol encourages North American citizens from completely different communities to dissuade us and become part of our OATH Judges to help manage chain and dApp dispute resolution.
All major knowledge, such as contracts and relevant evidence, is included in the blockchain to ensure permanent and unchanging records.
identity of jury members measures unbroken confidentiality through scientific techniques to ensure good judgment and immunity from external influences.
The OATH dynamic allocation algorithm program reduces the percentage of several jury members who resolve several disputes to avoid collusion.
The OATH FAIRNESS randomized algorithm program, which is designed to reduce bias, selects judges of various backgrounds to ensure fairness.
The OATH credit level system and token mechanism work together to assess and inspire judges.
Both parties to the contract can establish a small print of the method of resolving disputes that they obey.
After the dispute is resolved, the jury’s vote and the explicit reason for the square measure are expressed to the public.
Square size dispute contracts and results are encrypted and stored in the OATH Chain for future reference.
FURTHER INFORMATION, YOU CAN CHECK HERE
Medium: https: // medium .com / @ oathprotocol
name btc YosietoQingge btc
profile link https://bitcointalk.org/index.php?action=profile;u=2303937