Zoracles Protocol

 Basics

• Started in / Announced on:
• Mainnet release:
• Based in:
• From this (sponsored) interview (30-11-2020):

"Zoracles Protocol is built to provide confidential data to smart contracts. We are using zero-knowledge proofs and recently added a verifiable random function to protect data sources against price manipulation."

History

• From this (sponsored) interview (30-11-2020):

"The idea behind Zoracles originated from a founding team member who had recently explored zero-knowledge proofs at work. We all had some experience tinkering with protocols like Cryptonote but there was some learning curve adjusting to the dynamics of ZKPs (zero-knowledge proofs).

None of the founding team participated in a prior project from an official capacity so our relationships we established in the crypto industry have been very organic and based on the merit of our vision for confidential DeFi data. The founding team was very familiar with the technologies used for informational retrieval so building on top of Open Oracle to grab price feed data was fairly straightforward.

Token

• From this (sponsored) interview (30-11-2020):

"We felt a utility token probably wouldn’t be viable long term as many protocols are charging to data where Zoracles will not have that impediment."

Technology

• Whitepaper can be found [insert here].
• Code can be viewed [insert here].
• Built on: Open Oracle System

• Programming language used:

Transaction Details

• Capacity (TPS):
• Latency:

How it works

• From this (sponsored) interview (30-11-2020):

"Most oracle services charge users per data request. This can be very expensive and costly to dApp protocols that need frequent price feeds. Zoracles protocol doesn’t have a utility token and since data is provided via first party oracles such as Coinbase Pro, OKex and others, there isn’t a pay-per-request expense. Additionally since Zoracles Protocol leverages Uniswap Time Weighted Average Price, there isn’t a need for a node infrastructure of aggregators to ensure accurate pricing.

Snarks are very complicated but also extremely important components for blockchain technology to succeed. The foundation of these functions are probabilistic proofs. Many of the concepts overlap with creating verifiable random functions but our mission is to make these cutting-edge solutions seamless and available to dApp protocols or enterprises"

Roadmap

• Can be found [Insert link here].

• From this (sponsored) interview (30-11-2020):

"Zoracles is still very much a protocol under development. We have released a few proof of concepts on Github for use cases we feel will attract dApps or enterprises. We kicked off development in May but really picked up steam around August as oracle data became in high demand. Our development roadmap includes using Zokrates to rapidly deploy zero-knowledge proofs on Open Oracle.

Audits

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

Usage

Projects that use or built on it

• From this (sponsored) interview (30-11-2020):

"Deus Finance decided to commit to our protocol very early in our development."

Team, Funding, Partnerships, etc.

Team

• Full team can be found [here].

• From this (sponsored) interview (30-11-2020):

"None of the founding team participated in a prior project from an official capacity so our relationships we established in the crypto industry have been very organic and based on the merit of our vision for confidential DeFi data."