Oracles Network

Open, public, permissioned network based on Ethereum protocol with Proof of Authority consensus by independent validators. Public notaries with active commission license validate blocks and secure the network.

Browse code Whitepaper

Fast public network

Oracles Network is open to any participant. There is no censorship for transactions. It's an Ethereum platform with better speed and lower price for contracts. You can start your own network based on Oracles Network.

Proof of Authority

Authorized validators or oracles, create new blocks in the unique open network with Proof of Authority consensus secured by public notaries.

No mining

Creating blocks in a PoA network does not require significant computational resources, as in other Proof of Work based blockchain.

Built-in governance

Validators are required to vote for adding or removing validators using Oracles dApp. Thus, the network supports voting at the consensus level.

Legally recognizable hard fork decisions

All validators required to sign a legal agreement with the network. Hard fork decisions are legally binded.

Model for hybrid networks

Oracles Network model can be used as a blueprint to quickly launch open on-premise networks with intrinsic value.

Platform for interledgers

We believe that hybrid networks with POA consensus will be a trend in public blockchains in the coming years. On-demand systems with trusted validator will play an important role in creating many specialized open networks based on Ethereum's protocols. Our goal is to be a model for the generation of networks connected by intergledger protocols, such as Polkadot.

Parity Technologies
Enterprise Ethereum Alliance