سعر ‏Trump Chain

$TC 2 مناطق LTF مهمة حيث يمكن أن يتم رفضها بقوة

Work has kicked off on @THORChain new enshrined oracles. There will be no 3rd party dependencies. How does it work? 1) 5 providers are built with declared markets set in a config file, eg, BTCUSD. (Binance, Bybit, Coinbase, CryptoCom, Kraken) 2) Each of the 120 thornodes then volume-weight aggregates from the 5 providers (up to 4 can fail). Outliers are removed. 3) Each thornode signs, gossips on the enshrined bifrost P2P network, and collects, and inserts in TC. 4) TC determines super-majority consensus, updating the price. Nodes that do not observe *at all* for a market (ie, 5 providers are failing) are penalised. Nodes that don't observe the consensus price point (with small flex) are also slashed. 5) Prices updated every block. The only way to manipulate a market is to manipulate the price from at least 3 CEX at the same time. Because of the way nodes gossip the pricing information and *any node* can broadcast it to TC (not just the block producer), no node (not even the block producer) can manipulate a price in a direction they want. The block producer can only *withhold* new pricing information for *1* block. Thus the simple protection here is the app that ingests critical market information itself applies a small TWAP period into the price logic to ensure that the case a thornode doesn't update a price for 1 block has next to no advantage, due to the inertia of the price. Code here!