Hello! What are the functions of the platform? Can you explain it more detailed?
Hello!
SYSTEM FEATURESTWO-LEVEL RATING SYSTEMThe principle of two-level rating will allow motivating the creators of oracles to provide genuine data and make correct decisions. Thanks to the reputation system, the expert groups (running nodes in the DUCATUR Network version) will be ranked, which will reflect the quality of the operations performed. The rating system is built according to the binary principle: the expert's rating can be equal to either 1 or 0. At the moment of joining the node and depositing a pledge in tokens, the expert
gets 1 reputation point, in case of giving incorrect data his rating becomes 0 and the pledge burns down.
DECENTRALIZED COURTTo create a decentralized court, it is necessary to exclude the possibility of fraud and protect the participants from subjective decisions. For this, destinies must be independent and unknown to both parties. There must necessarily be an anonymous place where the parties can provide evidence for their case. To ensure the
decentralization of the community, the arbitrators are selected through mathematical algorithms that analyze the reputation of the arbitrators, their sphere of competence and specific jurisdiction.
Payments to arbitrators are taken from the pool of the losing party. The cost of the case is determined by the arbitrator or the client. The price can be equal to zero: for example, to gain reputation. Both sides are responsible for providing data, documents and testimony. In case of fraud detection by one of the parties, an auto-loss or a decrease of reputation to the expert by node are counted. To ensure transparency of the process and motivation for making the right decisions the log-database of all processes with shared access interface is provided.
UNIFIED SYSTEM FOR DATA AND A REGISTER OF READYMADE SOLUTIONSTo connect the oracle (a new data source) to the DUCATUR Network, an information card is formed and placed in a unified registry, which contains basic data about the data provided.
The information card contains the following data based on which the rating and issuance in the web interface of the registry are calculated:
• Data source - brief information about the data source;
• Links to the website, social network;
• Data type;
• Date of creation - an expert;
• Hash rate - the total amount of information in kb that the source has supplied over the lifetime;
• The number of errors - per 1000 units in percentage, is constructed according to the log;
• Number of experts - the actual number of data sources that it works with;
• Pledge - the amount that the expert will pay for the error;
• Cost of kb - the price that is required for a unit of information.
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