From Reality Keys to Oraclize. A Deep Dive into the History of Bitcoin Oracles

التفاصيل البيبلوغرافية
العنوان: From Reality Keys to Oraclize. A Deep Dive into the History of Bitcoin Oracles
المؤلفون: Caldarelli, Giulio
سنة النشر: 2023
المجموعة: Computer Science
Mathematics
Quantitative Finance
مصطلحات موضوعية: Computer Science - Cryptography and Security, Computer Science - Computers and Society, Computer Science - Computer Science and Game Theory, Computer Science - Information Theory, Economics - General Economics, 00-01, 00-02, 01A65, 68-03, 68M14, 68U35, H.1.1, J.4, K.4.2, K.4.3, K.2, I.1.3, I.1.4
الوصف: Before the advent of alternative blockchains such as Ethereum, the future of decentralization was all in the hands of Bitcoin. Together with Nakamoto itself, early developers were trying to leverage Bitcoin potential to decentralize traditionally centralized applications. However, being Bitcoin a decentralized machine, available non-trustless oracles were considered unsuitable. Therefore, strategies had to be elaborated to solve the so-called oracle problem in the newborn scenario. By interviewing early developers and crawling early forums and repositories, this paper aims to retrace and reconstruct the chain of events and contributions that gave birth to oracles on Bitcoin. The evolution of early trust models and approaches to solving the oracle problem is also outlined. Analyzing technical and social barriers to building oracles on Bitcoin, the transition to Ethereum will also be discussed.
Comment: Literature background and methodology are deliberately omitted at this stage (preprint). To improve readability for a broader audience, the content is presented more like a story
نوع الوثيقة: Working Paper
DOI: 10.1109/ACCESS.2023.3279106
URL الوصول: http://arxiv.org/abs/2302.07911
رقم الأكسشن: edsarx.2302.07911
قاعدة البيانات: arXiv
الوصف
DOI:10.1109/ACCESS.2023.3279106