Why is “risk control” the key to oracle? ——Interpretation of ADAMoracle’s innovative risk control model

At 16:00 on the afternoon of August 17, 2021, the big name sharing session of Liandaodao's live broadcast room specially invited Ahmed Ebrahim, founder and CEO of ADAMoracle, to conduct a special live broadcast on "Why is "risk control" the key to the oracle? - Interpretation of ADAMoracle's innovative risk control model". Sakura Xiaoying, the head of Liandaodao's media, will talk to Ahmed Ebrahim, and through a question-and-answer format, the hottest content in the industry will be presented to you.

The following is the interview transcript: (with some minor omissions without changing the original meaning)

Guest introduction:

Hello everyone, I am Ahmed Ebrahim, founder and CEO of ADAMoracle. I have an MBA in international finance and investment, and have a deep understanding of financial planning, accounting, analysis and investment. In 2018, I was awarded by the National Development Bank. I have successfully invested in multiple blockchain projects and still hold various crypto assets. I am very optimistic about oracles. In 2020, I began to devote myself to the research and exploration of oracles for a long time, focusing on building a new generation of oracle 3.0 products ADAMoracle. Thank you.

Ahmed Ebrahim: Hello everyone, I am Ahmed Ebrahim, the Co-founder and CEO of ADAMoracle. I have got my MBA degree in international finance and investment. In 2018, I was awarded by the China Development Bank. I have successfully invested in multiple blockchain projects and still holds various encrypted assets. Personally, I am very optimistic about the oracle. In 2020, I devoted myself to the research of the oracle for a long time, focusing on creating a new generation of oracle 3.0 product. Thank you.

Question 1: I am very happy to discuss the oracle issue with Ahmed Ebrahim today. I would like to ask: In the industry, security incidents occur frequently. Why is the oracle, as a middleware, often the target of attacks?

Question 1: I am very happy to discuss the problem of oracles with Ahmed Ebrahim today. Let us get back to the topic. I'm curious that why do oracles, as a middleware, often become the target of attacks?

Ahmed Ebrahim: The core function of the oracle is to provide price feed services. Most DAPPs on the chain require the oracle to provide data services, and generally the pricing data of assets. The role of price on financial assets is self-evident. A price deviation of a few dollars may cause great asset losses to investors or project parties. Therefore, the oracle has become the object of "care" by hackers.

Therefore, if you want to provide oracle solutions, you must consider risk control issues. It is crucial to ensure the security, efficiency and accuracy of transmitted data. However, mainstream oracle products on the market still have problems such as opacity, inaccuracy, difficulty in scalability and poor anti-attack capabilities. This is why security incidents such as flash loan attacks occur frequently in the market.

Ahmed Ebrahim: The core function of the oracle is the price-feeding service. Most DAPPs on the chain require the oracle to provide data services, and they are generally asset pricing data. The effect of price on financial assets is self-evident. A price deviation of a few dollars may cause great asset losses to investors. Therefore, the oracle attracts so much attention by hackers.

Therefore, if you want to provide an oracle solution, you must consider the issue of risk control, and it is essential to ensure the security, efficiency, and accuracy of the transmitted data. However, mainstream oracle products on the market still have problems such as opaque, inaccurate, difficult to expand, and poor resistance to attacks. This is the reason why security incidents such as lightning loan attacks frequently occur in the market.

Question 2: The cause of the oracle attack has been found, but the problem in the market does not seem to be completely solved now. Ahmed Ebrahim has been engaged in oracle research for a long time. Has he proposed a good solution for this?

Question 2: The reason of why oracle got attack has been found, but the problem on the market does not seem to be completely resolved now. You has been engaged in research in the field of oracles for a long time. Is there any good solution?

Ahmed Ebrahim: We discovered the opportunities and problems in the oracle field very early. In July 2020, my colleagues and I founded the ADAMoracle Lab in Dubai, focusing on creating a killer oracle product that can meet the diversified needs of the market and is safe and reliable. Currently, ADAMoracle 1.0 version has been officially launched.

ADAMoracle is the first decentralized oracle that supports wide-area node price feeding. It was the first to launch a wide-area node quotation system. It not only retains traditional data source institutions, but also adds massive diversified servers as computing nodes and storage nodes. It is a complete oracle solution that decentralizes both oracles and data sources, and supports multi-chain operation.

The wide-area node price feeding mechanism pioneered by ADAMoracle Labs enables the oracle architecture to achieve boundless interstellar network computing. Its core function can connect thousands of diversified servers as price feeding nodes for quoting, effectively building a secure and scalable oracle quotation system. On the premise of ensuring the security and accuracy of data information, it can meet the data needs of a large number of institutions and smart contract developers.

Ahmed Ebrahim: We discovered the opportunities and problems in the oracle field very early. In July 2020, my partner and I established the ADAMoracle Lab in Dubai, focusing on creating a safe and reliable killer oracle that can meet the diversified needs of the market. Currently, ADAMoracle 1.0 version has been officially launched.

ADAMoracle is the first decentralized oracle that supports wide-area node quotation.

The wide-area node pricing mechanism pioneered by ADAMoracle laboratory enables the oracle architecture to realize unbounded interstellar network computing. Its core function can connect thousands of diversified servers as price feed nodes for quotation, effectively constructing a safe and expandable oracle quotation system. On the premise of ensuring the safety and accuracy of data information, it can meet the data needs of a large number of institutions and smart contract developers.

Question 3: The term “wide area node” is very novel, but I still don’t quite understand how ADAMoracle ensures the security and accuracy of price feed data. Can you explain it in detail?

Question 3: The term "wide area node" is very new, but I still don't quite understand how ADAMoracle guarantees the security and accuracy of the price feed data. Can you explain it?

Ahmed Ebrahim: To improve the overall security performance of the oracle, ADAMoracle has established a comprehensive risk control model. We can get an intuitive feeling of this from the entire process from the user initiating a data request to obtaining the price feed data.

When a user initiates a data request, ADAMoracle will start intelligent computing to perform large-scale data screening and calculation. The first step is to screen out a group of the most matching nodes and pass the message request; the nodes that receive the request then obtain the data from the exchange or the Internet of Things and transmit it to the secure backend of the ADAMoracle oracle; the ADAMoracle oracle selects the node with the most accurate price feed data through the aggregation contract to complete the price feed service. In addition to the full protection of the oracle intelligent computing system, ADAMoracle has also maximized security in the architecture.

The first is the wide-area node price feeding mechanism, through which the ADAMoracle oracle network can accommodate thousands of nodes for price feeding services. The more nodes there are, the higher the cost for the nodes to collude to do evil or attack the oracle system.

Secondly, to become an ADAMoracle oracle node, one needs to measure the node server security, storage space and computing power, which is the first step to ensure the overall security of the oracle network; thirdly, through "Server-X" (server monitoring plug-in) data monitoring, ADAMoracle will conduct star rating based on the node's historical price feeding service, number of votes, reputation and credit, and regularly eliminate inferior nodes to continuously improve the overall performance of the ADAMoracle oracle.

In order to improve the overall safety performance of the oracle, ADAMoracle has established a comprehensive risk control mechanism. This can be intuitively felt in the whole process from the user initiating a data request to getting the price data.

When the user initiates a data request, ADAMoracle will start intelligent calculations to carry out large-scale data screening and calculation. The first step is to screen out a batch of best matching nodes and deliver message requests; the nodes that receive the request will then be sent from the exchange or In the Internet of Things, data is obtained and transmitted to the secure background of the ADAMoracle; ADAMoracle selects the most accurate node with the most accurate price feeding data through the aggregation contract, so that it can complete the quotation service.

In addition to escorting the oracle intelligent computing system throughout the entire process, ADAMoracle also maximizes security in the architecture.

The first is the wide-area node quote mechanism. Through this mechanism, ADAMoracle network can accommodate thousands of nodes for quotation services. The more nodes there are, the higher the cost of nodes colluding to commit evil or attacking the oracle system.

Secondly, becoming an node needs to measure the security of the node server, storage space and computing ability. This is the first step to ensure the overall security of the oracle network; secondly, through the "Server-X" (server monitoring plug-in) data monitoring, ADAMoracle will advance the star rating from the historical price feed service of the nodes, the number of votes, the wind evaluation and the credit investigation, etc., and the inferior nodes will be eliminated from time to time, and the overall performance of the ADAMoracle oracle will continue to be improved.

Question 4: I understand what you said. With this combination of attacks, I think hackers are not willing to spend a lot of money to attack ADAMoracle. I would also like to ask, from the perspective of doing projects, what other advantages do you think ADAMoracle has that enable it to survive in the industry for a long time?

Question 4: I think hackers are not willing to spend a lot of money to attack ADAMoracle. I would also like to ask, from the point of view of the project, what do you think ADAMoracle still has to enable it to survive in the industry for a long time?

Ahmed Ebrahim: ADAMoracle has multiple advantages:

Technically, ADAMoracle is the first oracle overall solution that decentralizes both data sources and oracles. At the same time, in the future, ADAMoracle will achieve cross-chain connection with public chains such as ETH, Polygon, Polkadot, BSC, etc., open up the entire chain ecosystem, and realize borderless transmission of data information.

In the economic model, 60% of ADAM shares belong to node mining output, and investment institutions and project founding teams only account for a relatively low proportion. Such an economic model makes ADAM more active, just like Bitcoin, with tenacious vitality.

In terms of resource advantages, ADAMoracle focuses on building communities at home and abroad, and has successfully built multi-platform communities, including Telegram, Twitter, etc., with a total community user base of over 100,000. In addition, ADAMoracle has obtained strategic investments from dozens of institutions, as well as traffic support from hundreds of media and a large number of external communities.

There will be no lack of competition in any field. ADAMoracle will seek long-term and stable development. It will be based on the DeFi ecosystem, focus on the transmission and mining of data information value, and provide accurate and complete oracle overall solutions for all data demanders.

Our advantages are as below:

Technical advantages

The ADAMoracle team is currently developing the core products of the oracle, developing and improving the oracle node mining mechanism, that includes the mining program implanted on the server side, block browsers, and designing storage power DAPP products (currently DAPP is almost ready to launch)

At the same time, ADAMoracle will realize cross-chain connection of ETH, Polygon, Polkadot, BSC and other public chains, open up the entire chain ecosystem, and realize the borderless transmission of data and information.

Economic advantage

ADAMoracle is a community-centric project. 60% of the ADAM share belongs to node mining output, investment institutions and project founding teams only occupy a relatively low proportion. This economic model makes ADAM more active, just like Bitcoin, with tenacious vitality.

Resource advantage

ADAMoracle focuses on the building of communities, and has successfully built a multi-platform community, including Telegram, Twitter, etc., with an overall community of more than 100,000+ users; in addition, ADAMoracle has received strategic investment from dozens of institutions, as well as hundreds of media and a large number of media. Traffic support from external communities.

There is no lack of competition in any field. ADAMoracle seeks long-term and stable development, based on the DeFi ecosystem, focusing on the transmission and mining of data information value, and providing accurate and complete oracle solutions for all data demanders.

Question 5: You just mentioned the economic model, which is a question that users are very concerned about. What is the economic model of ADAM oracle? Can you elaborate on it? What role does ADAM play in the oracle ecosystem?

Question 5: Now that we are talking about ADAM token rewards, I would like to ask a question that users are very concerned about, what is the economic model of the ADAMoracle oracle, and what role does ADAM play in the oracle ecosystem?

Ahmed Ebrahim: ADAM is a token that ADAMoracle rewards participants for their contributions. It is the core value of the ecosystem and its value comes from the value contribution of ecosystem members. The total number of ADAMs issued is 100 million. For specific ADAM share distribution, please refer to the following picture:

ADAM is ADAMoracle's contribution reward token to participants. It is the value core of the ecosystem. Its value comes from the value contribution of ecosystem members. The total amount of ADAM issued is 100 million. The specific ADAM share allocation can refer to the following picture:

[Node Mining] 60% of the mining output, 60 million ADAM, are used for node mining reward expenditures.

【Liquidity Mining】9%, 9 million coins, used for liquidity mining and single-coin staking mining.

[Early redemption] 16%, 16 million. Divided into three rounds: seed round, private round, and public round.

【Community Contributor Reward】5%, 5 million.

【Team reserved】5%, 5 million.

【Community/Marketing Operation】5%, 5 million.

ADAMoracle oracle has built a node-centered, community-assisted decentralized governance ecosystem based on the ADAM economic model. In order to improve the loyalty of nodes and optimize the operating efficiency of the oracle to the greatest extent, ADAMoracle will give the vast majority of ADAM shares to nodes. In the ADAMoracle ecosystem, project parties and investment institutions play a leading role as early participants. As the ADAMoracle oracle grows and develops, nodes and communities will become the core of the project and achieve true co-governance.

[Node mining] 60% of mining output, 60 million ADAMs are used for node mining rewards.

[Liquidity mining] 9%, 9 million. Used for liquidity mining and pledge mining.

[Early Financing] 16%, 16 million. There are three rounds: seed round, private sale round, and public sale round.

[Reward for community contributors] 5%, 5 million.

[Reserved by the team] 5%, 5 million.

[Community/Market Operation] 5%, 5 million.

ADAMoracle oracle builds a node-centered and community-based decentralized governance ecosystem. In order to increase the loyalty of the node and optimize the operating efficiency of the oracle to the greatest extent, ADAMoracle will reward most of the ADAM to the node. In the ADAMoracle ecosystem, project parties and investment institutions play a leading role as early participants. With the development of the ADAMoracle, nodes and communities will become the core of the project.

Question 6: The advantages you mentioned are indeed very attractive, but the oracle price feed information is too important. Any deviation in the transmitted data or an oracle attack will cause huge losses to the project party and investors. How does ADAMoracle ensure the security and accuracy of the price feed data?

Question 6: The advantages you mentioned are indeed very attractive, the price information of the oracle is too important. Any deviation in the transmission data or attack by the oracle will bring huge losses. How does ADAMoracle guarantee the price data safe and accurate?

Ahmed Ebrahim: To improve the overall security performance of the oracle, ADAMoracle has established a comprehensive risk control model. We can get an intuitive feeling of this from the entire process from the user initiating a data request to obtaining the price feed data.

When a user initiates a data request, ADAMoracle will start intelligent computing to perform large-scale data screening and calculation. The first step is to screen out a group of the most matching nodes and pass the message request; the nodes that receive the request then obtain the data from the exchange or the Internet of Things and transmit it to the secure backend of the ADAMoracle oracle; the ADAMoracle oracle selects the node with the most accurate price feed data through the aggregation contract to complete the price feed service. In addition to the full protection of the oracle intelligent computing system, ADAMoracle has also maximized security in the architecture.

The first is the wide-area node price feeding mechanism, through which the ADAMoracle oracle network can accommodate thousands of nodes for price feeding services. The more nodes there are, the higher the cost for the nodes to collude to do evil or attack the oracle system.

Secondly, to become an ADAMoracle oracle node, one needs to measure the node server security, storage space and computing power, which is the first step to ensure the overall security of the oracle network; thirdly, through "Server-X" (server monitoring plug-in) data monitoring, ADAMoracle will conduct star rating based on the node's historical price feeding service, number of votes, reputation and credit, and regularly eliminate inferior nodes to continuously improve the overall performance of the ADAMoracle oracle.

In order to improve the overall safety performance of the oracle, ADAMoracle has established a comprehensive risk control mechanism. This can be intuitively felt in the whole process from the user initiating a data request to getting the price data.

When the user initiates a data request, ADAMoracle will start intelligent calculations to carry out large-scale data screening and calculation. The first step is to screen out a batch of best matching nodes and deliver message requests; the nodes that receive the request will then be sent from the exchange or In the Internet of Things, data is obtained and transmitted to the secure background of the ADAMoracle; ADAMoracle selects the most accurate node with the most accurate price data through the aggregation contract, so that it can complete the quotation service.In addition to escorting the oracle intelligent computing system throughout the entire process, ADAMoracle also maximizes security in the architecture.

The first is the wide-area node quote mechanism. Through this mechanism, ADAMoracle network can accommodate thousands of nodes for quotation services. The more nodes there are, the higher the cost of nodes colluding to commit evil or attacking the oracle system.

Secondly, becoming an node needs to measure the security of the node server, storage space and computing ability. This is the first step to ensure the overall security of the oracle network; secondly, through the "Server-X" (server monitoring plug-in) data monitoring, ADAMoracle will advance the star rating from the historical price feed service of the nodes, the number of votes, the wind evaluation and the credit investigation, etc., and the inferior nodes will be eliminated from time to time, and the overall performance of the ADAMoracle will continue to be improved.

Question 7: ADAMoracle oracle tokens have not been launched yet, what is the official plan? What progress or plans are there for the project?

Question 7: The ADAMoracle token has not yet been launched. What is the official plan? Is there any progress or plan for the current project?

Ahmed Ebrahim: ADAMoracle is a product that can run on multiple chains. The specific chain on which ADAMoracle will be launched and deployed for the first time will be announced based on the development rhythm and market conditions. Currently, ADAMoracle is in the preparation stage and is currently undergoing technical improvement and market expansion.

Technically, the ADAMoracle project is developing and improving the oracle node mining mechanism; developing mining programs implanted in the server side; developing block browsers to count ADAM output, etc.; and developing node computing power products DAPP.

In the market, the ADAMoracle project is actively looking for ecological partners. It has reached cooperation with many projects and institutions. The total computing power of nodes joining the ADAMoracle oracle ecosystem has reached 100P; there are more than 22,000 users in the overseas core community, and more than 10,000 users in the Chinese, Vietnamese, Spanish, and Japanese communities. For other progress, you can follow the official account of the ADAMoracle oracle, and we will continue to announce the latest developments.

ADAMoracle oracle is a product that can run on multiple chains. ADAMoracle will technically realize cross-chain in public chain networks such as the Ethereum ETH network, Polkadot, Polygon and BSC smart chain. Then, the specific chain on which ADAMoracle will be launched and deployed for the first time in the future needs to be announced according to the development pace and market conditions.At present, the ADAMoracle oracle is in the preparatory period, and is currently undergoing technical improvement and market expansion.

Technically, the ADAMoracle project is developing and improving the oracle node mining mechanism; developing a mining program implanted on the server side; developing a block explorer, statistical ADAM output, etc.; developing a node computing power product DAPP.

In the market, the ADAMoracl project is vigorously looking for ecological partners. At present, it has reached cooperation with many projects and institutions. The total computing power of nodes joining the ADAMoracle oracle ecosystem has reached 100P; overseas core community users 22,000+, China, Vietnam, Spain, Japan The community has a total of 10,000+ users. For other developments, you can follow the official account of the ADAMoracle oracle, and we will continue to announce the latest developments.

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