Equilibria is an open-source project focused on creating a private and decentralized oracle solution for a multitude of use cases. The team is currently prepared for two initial use cases – asset price tracking and eSports betting.
Oracle Nodes: Oracle Nodes are community-run nodes that monitor data and relay it back to the blockchain. Equilibria uses a built-in incentive system to encourage good-actors to run Oracle Nodes that feed data to the blockchain, and help prevent bad actors from participating in the network. Anyone can start a node, and all oracle node holders are rewarded with a portion of the total block reward and any fees generated from an oracle cluster. The team will build a number of oracle clusters to make it easy for other blockchains to integrate Equilibria Oracle Nodes.
Oracle Clusters: The primary use for Equilibria Oracle Nodes is to strengthen other projects by removing unnecessary centralization from their dApps and/or network. The team will build oracle clusters that make it easy to integrate Equilibria Oracle Nodes into any privacy-focused project. The team will also create our own dApps that utilize oracle nodes and are built directly into the blockchain. Only the most trusted and secure data sources will be used to ensure high-quality data and 100% uptime. Currently, there are two planned oracle clusters but more may be added in the future.