Blocksense is a decentralized protocol that utilizes zero-knowledge rollups and Merkle trees to efficiently publish and verify a wide range of Oracle data feeds in a single transaction. It addresses high costs and slow processes in traditional oracle networks by enabling anyone to create secure oracles and access data feeds on any blockchain.
Funding
$4M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Existing oracle networks suffer from high costs, slow data delivery, opaque pricing, and centralization, hindering the growth of decentralized applications (dApps) and limiting the types of data that can be brought on-chain. Emerging Layer 2 and Layer 3 networks struggle to access data feeds on par with established chains due to these limitations.
Solution
Blocksense is a decentralized protocol that uses zero-knowledge (ZK) rollups and Merkle trees to efficiently publish and verify a wide range of oracle data feeds in a single transaction. This approach dramatically reduces the cost of publishing data on-chain, enabling a transparent, market-driven fee model. Anyone can create a new data feed by writing a simple script, and anyone can become a data provider by staking funds and operating an automated oracle node. The protocol minimizes trust through cryptography and game-theoretic incentives, ensuring data integrity and preventing censorship.
Target Audience
The primary audience includes dApp developers, blockchain networks, and data providers seeking a cost-effective, decentralized, and secure oracle solution.
Features
- ZK circuit implementing the Schelling Coin principle for data verification
- Effective committee randomization, bribery-resistant vote tallying, and a social reputation system to minimize collusion
- High levels of redundancy in data publication paths to prevent delays or censorship
- WebAssembly SDK for creating arbitrary data feeds
- Support for hardware capabilities such as access to specific types of sensors
- Staking mechanism for data providers to earn fees
- Integration with Proto-Danksharding and other data availability protocols
- Compatibility with any blockchain capable of verifying ZK circuits