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

Autor:	Caldarelli, Giulio
Rok vydání:	2023
Předmět:	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
Druh dokumentu:	Working Paper
DOI:	10.1109/ACCESS.2023.3279106
Popis:	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
Databáze:	arXiv
Externí odkaz:	http://arxiv.org/abs/2302.07911 Zobrazit plný text záznamu View this record from Arxiv