Lightning Oracle

  • “Lightning Oracles” operate LN nodes connected to the Dapp to validate payment channels in the Bitcoin Lightning Network.
  • Lightning Oracles act as validators and receive rewards for providing data services.
  • In their capacity as validators, Lightning Oracles share rewards with delegators.
  • Delegators delegate token to Lightning Oracles to grant voting powers for community governance.
  • Lightning nodes receive rewards for maintaining payment channels on the Bitcoin lightning network.
  • Specific features of the Dapp are geared towards the single user-model utilizing Peer-to-Contract transactions with the Smart Contract on the blockchain, meaning no peer-to-peer (P2P) transactions or third-party processing with traditional counter-parties.