Open Oracle Gateway

 Basics

• Started in / Announced on: 30-11-2020
• Mainnet release:
• Based in:
• From Crypto Briefing (30-11-2020):

"Acala is launching a new oracle service for the Polkadot ecosystem. The Open Oracle Gateway will provide data for Acala, Karura, Kusama, and various other platforms running on Polkadot."

History

• From Crypto Briefing (30-11-2020):

"The Gateway is the result of a collaboration between Acala, Laminar, and Band Protocol."

Technology

• Whitepaper can be found [insert here].
• Code can be viewed [insert here].
• Built on: Polkadot

• Programming language used:

Transaction Details

• Capacity (TPS):
• Latency:

Oracle Method being used

• From Crypto Briefing (30-11-2020):

"The network will aggregate various oracles in one place, allowing applications to choose between providers based on their needs. Alternatively, users of the Gateway can pull data by trusting all of the providers in the network. It’s a big change for Acala, which previously ran its own network with various nodes sourcing off-chain data.

In addition to the increased quantity of operators, oracle transactions will now be filed by a process called “Quality of Service,” with oracle transactions treated as high-priority regardless of network congestion level. Moreover, transaction fees will be customizable, and it will be possible to refund valid feeds."

Governance

• From Crypto Briefing (30-11-2020):

"Though oracle providers will initially be checked, it’s expected that the Gateway will become more decentralized over time. Acala has teased the possibility of adding an “Oracle Council” to handle decision making."

Roadmap

• Can be found [Insert link here].

Audits

• Bug bounty program can be found [insert here].

Team, Funding, Partnerships, etc.

Team

• Full team can be found [here].
• From Crypto Briefing (30-11-2020):

"The Gateway is the result of a collaboration between Acala, Laminar, and Band Protocol."