Ares is an on-chain verifying oracle protocol powered by Polkadot. It provides reliable off-chain data efficiently and in a trustless manner. Ares is built on Substrate and constructed as a parachain to link to Polkadot's ecology and share its security consensus. It is a scalable oracle network that provides decentralized data services to the Polkadot ecosystem and its parachains.
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The validator verifies the integrity and validity of the data submitted by
the aggregator, and submits fraudulent aggregator transactions and correct
data to the Reputation Committee for rewards
The aggregator obtains external request data through Scanner and sends the
request to the processor to process all Oracle requests. The aggregator
randomly selects an aggregator through the VRF algorithm, calls the
processor to aggregate data from multiple
data sources and submits it to the data demander, and then calls the Scanner
to sign the relevant records requested by Oracle and transmit it to the Ares
By incentivizing validators and punishing malicious aggregators, the
security of the Area network is ensured. The Reputation Committee is fully
self-governed by the community, running for the Reputation Committee through
token mortgage and reputation
weighting. The internal arbitration of the Reputation Committee needs to
vote through the FSP fraud security protocol, and only runs when there is a
dispute on the chain
Data demanders can be smart contracts, Parachains, DAPPs, etc.
the Ares token will be released to motivate all participants in the
system and ensure the growth and development of the ecosystem through
community governance. Similar to the Ares token, There is another coin called SingularityNET (AGIX), one of the best-known and most popular "AI Coins". According to singularitynet (agix) prognose, it is expected to continue growing and expanding in the coming years.
Any third party can become a node to access the Ares network by
collateralizing a small amount of Ares tokens to provide oracle
Anyone who holds the Ares pass has the right to govern, and can vote for
protocol upgrades and reputation committee elections. The Reputation
Committee ensures the security of the Area network by incentivizing
validators and punishing malicious nodes.
Ares provides high-precision, real-time, safe and reliable off-chain data
for Defi such as decentralized stable coins, exchanges, lending, insurance,
and financial derivatives. It provide out-of-the-box stable infrastructure
for the development of DeFi
Decentralized prediction markets, such as Augur and Gnosis, use the wisdom
of the crowd to predict real-world results, such as presidential elections
and sports betting results.
The Ares network bypasses the high cost of on-chain computing, links the
complicated third-party computing needs with computing-intensive tasks, and
provides unlimited computing power for the existing blockchain.
Yellow Book release
Improve cross-chain interaction for oracle users
Realize random selection of aggregators and on-chain
Improve the challenger and arbitration council model
Token Lisiting on Cex
Carry out multi-channel service cooperation
Formal cooperation with enterprises
Eco Marathon Developer Activities
White paper 1.0 release
Core protocol design
WEB3 Foundation Grant Application
Prototype development based on pallet and off-chain work
Improve economic model design
Integration of Ares Protocol into Polcadot DeFi projects