On this day 15 years ago someone envisioned a world that was built on top of credibly neutral monetary system.
A system that required no permission, required no identification, required no prior money within that system, and required no trust.
A system that would allow anyone in the world to transact peacefully, directly, and instantly.
A system that allowed anyone in the world to save their wealth within a protocol that couldn't be debased, changed, or shut down.
A system that benefitted all and didn't favor any.
A system that would change the world from that point forward.
Not only did this person envision a better system, they created it and then left it behind to let the world decide what to do with it.
Thank you Satoshi, for created a better world.
Thank you for #bitcoin
Read the Bitcoin Whitepaper: https://t.co/pTtD44MB9s
#BitcoinWhitepaperDay
Phase 4⃣
🆕The first Proof of Stake blocks and oracle data requests will come in and be fulfilled.
🆕Work begins on ecosystem tooling to support staking.
🆕Work begins on Witnet 2.1, 2.2, 2.3, etc.
Where we are:
At this point the network should've transitioned smoothly and we would start seeing the total amount staked going up along with total network nodes.
Exciting News! Witnet 2.0 is on the horizon, and the official roadmap is now live.
Join us as we journey through each phase towards the future of Witnet 2.0.
#Witnet2_0#Witnet $WIT #WIT
Today we're announcing the release of the Witnet 2.0 roadmap.
This roadmap marks a huge step forward for the Witnet protocol and the community helping to push adoption.
Let this roadmap serve as a basis for creating unstoppable peer-to-peer network technology
https://t.co/MWqmpPWFER
We’re going to be beginning a series about how Witnet 2.0’s differences between other oracles, right here on X.
For the first installment, we’re going to discuss Witnet versus the almighty Band Protocol.
Check out this thread to learn something new.🧵
Data is generally sourced from the same places on both networks, but Witnet doesn’t use aggregators like CoinGecko, CoinMarketCap, or CryptoCompare like Band.
This is because you must trust them to provide truthful information.
Read more: https://t.co/tBMSvGlspO
Just under 3 hours before the Proof of Stake call on Discord!
You definitely don't want to miss this one...
This call will showcase Witnet's future as the first Proof of Stake oracle ever.
Ask your questions here: https://t.co/kREOjNGTXj
Join the Discord: https://t.co/km41CmMdbU
In two days this call is being hosted on our Discord, and we want all of you there!
Make sure you ask your Proof of Stake questions on this form: https://t.co/rk4AgpOgq3
And join the Discord! https://t.co/N1GPweurNx
In just a few days on Wednesday of next week, we will be unveiling the most important protocol changes that will transition Witnet to the strongest oracle on the planet.
Why?
Because we will be detailing Witnet's Proof of Stake mission to decentralize data in the modern world.
Why is this important?
Over 5 billion people on Earth use the internet regularly. Global internet traffic in 2023 alone reached 4.1 zettabytes. The cloud market is a $500 billion dollar a year industry, with massive companies like Amazon, Microsoft, Google, and Alibaba holding complete control over what you can see, and what you can't see.
This works well for most people, but what about when it doesn't?
Witnet is more than a network that provides information to smart contracts. It is a system of decentralized data infrastructure that is unable to be corrupted, changed, or stopped.
Witnet is democratizing data in the digital world.
Join the Proof of Stake presentation on Wednesday to understand the mission of Witnet 2.0 on Discord: https://t.co/gur8dTJr3n
Check out the integration of the $WIT coin on @Changelly_team 🥳🪇
Changelly is a great place to swap tokens and coins with the lowest fees around!
Get started here: https://t.co/9vmuzMxW3r
Don't trust, verify is the fundamental idea behind the blockchain; if everything is transparent then you shouldn't have to trust the information, because you can verify it for yourself. But it's a little more complicated than that.
In order to verify information in this complicated multi-chain scenario, you want to be able to run a network node because it allows you to verify transactions on the network, increase decentralization, and enforce the network rules.
How does this look for an oracle?
Oracles provide the necessary information that allow blockchains to communicate with the outside world. If the vision for blockchain is to bring everything on-chain, you can't do that without an oracle.
Ask yourself: if there is hundreds of trillions of dollars in value sitting on-chain, do you really want a 4/9 multisig in control of that value via 21 nodes ran by multinational companies that already control a lot of wealth? Or do you want a network of highly decentralized nodes who cannot control the protocol and can simply provide information, and if that information is false they are filtered out?
These decisions need to be made well in advanced of onboarding people to Web3 and cryptocurrency.
Why?
Because we need to be building out the tooling for censorship-resistant data that doesn't have a single point of failure.
Witnet currently has 6,000+ nodes that have recently found a block or solved a data request, and 2,000+ nodes that have received reputation for solving a data request. The actual number of nodes running on the network is much higher, but can't be quantified because of unique setups and privacy walls.
Ask your oracle of choice how many nodes are running. If the answer is anything less than 6,000 then you could be hurting your chances of building a product that can withstand nation-state attacks.
There is a better way. There is a decentralized way. #RealDeFiIsBuiltOnWitnet
Congratulations to the @Scroll_ZKP project for successfully launching their mainnet.🎉
As the first oracle live on Scroll, we're super excited to see what the strong community of developers can create using the only decentralized oracle in Web3.
Ever since Scroll testnet was launched, Witnet has been right beside the developers at Scroll helping to build the future of the protocol and offering assistance. This will not change for mainnet.💪
Take a look at how to integrate Witnet price feeds here: https://t.co/SrFN0l1zug
Don't forget that in 1 week we are hosting the OFFICIAL Proof of Stake community call.
In lieu of a typical monthly community call for October, we will instead be answering questions from the community about the transition to Proof of Stake, and delving into deep detail about how it'll look, how the migration will happen, and much more.
You do not want to miss this.
Join the Discord and RSVP for the call under the "events" tab: https://t.co/1dFVpVvshP