Discover and read the best of Twitter Threads about #scalingeth
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1/ Today @UMAprotocol is publishing our design for a Data Verification Mechanism (DVM), a blockchain oracle with **economic guarantees** around the cost of corrupting the system.
We're ALSO releasing our v1 code + deploying it to Kovan!
Read on for why this is needed...
We're ALSO releasing our v1 code + deploying it to Kovan!
Read on for why this is needed...
2/ Code is here: github.com/UMAprotocol/pr…
White paper is here: github.com/UMAprotocol/wh…
Kovan deployment is here: kovan.etherscan.io/address/0x16aB…
White paper is here: github.com/UMAprotocol/wh…
Kovan deployment is here: kovan.etherscan.io/address/0x16aB…
3/ Here’s our bold claim: **every** blockchain oracle is corruptible, which means any smart contract relying on off-chain data is corruptible and manipulatable **for some price**. This means that your DeFi smart contract could be at risk.
