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Witnet - Connects smart contracts to any external data source available online.

Witnet connects smart contracts to any external data source available online.

Launches Ethereum Witnet posted 3 years ago

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Luis Iván Cuende
I'm Luis, Project Lead at Aragon. Before Aragon, I cofounded Stampery, which is the team that is now launching Witnet. I just tweeted out why I think Witnet has amazing potential and some use cases I'm VERY excited about https://twitter.com/licuende/status/964098437645062144
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Ben Tossell
@aesedepece ‏What’s your background and what are you working on?
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Adán Sánchez de Pedro ⚡️
@bentossell I started programming to write my own homebrew games for Nintendo consoles when I was 12 or so.

Then I devoted a bunch of years to web technologies and messaging protocols. I created Loqui IM (most downloaded FirefoxOS app) and founded Whatools, a CRM and bots API built on top of the WhatsApp protocol (had to shut down when we received a C&D letter from Facebook Inc.)

I've been involved in crypto since 2013 and cofounded Stampery in 2014 to explore non-finantial uses of the Bitcoin blockchain with the mission of replacing blind trust with mathematical proof to optimize business processes and avoid litigation costs, which are a drag on innovation.

The 2nd Witnet cofounder is Daniele Levi (CEO at Stampery), a cryptocurrency pioneer (really early adopter), serial entrepreneur and cryptography enthusiast.

The Witnet whitepaper is also coauthored by Luis Iván Cuende, Project Lead at the Aragon project, one of the Stampery co-founders too, former advisor to the European Commissioner for Digital Agenda, named Forbes 30 under 30 and MIT TR35.
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Ben Tossell
How did you get into Crypto?
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Ben Tossell
How and why did you launch this?
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Adán Sánchez de Pedro ⚡️
@bentossell In 2014, we founded Stampery with the mission of replacing blind trust with mathematical proof.

The Stampery service allows anyone to create independently verifiable proofs of existence, ownership and integrity for any piece of data by anchoring those "stamps" to 4 public blockchains (BTC, LTC, ETH & ETC).

Soon we realized that many of our customers were in need of some way to prove that some content was published in a website at a certain point in time. In other words, they needed to "notarize" websites.

However, the current Internet infrastructure doesn't allow that functionality without relying on trusted third parties like the Internet Archive initiative. They're awesome, but trusting them is still a single point of failure.

With the current proliferation of smart contract platforms, the need for a way to retrieve, attest and deliver information from the Internet in zero-trust way is more and more pressing. However, this far, smart contracts are self-contained in their blockchains and have no access to what's happening outside. Mission critical smart contracts are just unfeasible and pointless if you still need to trust a single entity providing the data.

That's why we started building Witnet: a decentralized oracle network aimed to bridge the gap between smart contracts and the rest of the Internet.
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Ben Tossell
What are the biggest challenges you’ve faced and obstacles you’ve overcome? If you had to start over, what would you do differently?
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Adán Sánchez de Pedro ⚡️
@bentossell We didn't want to reinvent the wheel, so we started by devoting much attention to understand if this type of "decentralized oracle network" could be built on top of Etherum or Bitcoin. We soon realized that there were many incompatible incentives. Also, current block chains were missing some important pieces without which it would be impossible to build this in a trustless way.

So we took this opportunity to start building a solution completely from scratch, without the constraints of existing platforms and applying the lessons we learnt from being working for years with the Bitcoin and Ethereum protocols in a very low level.
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Ben Tossell
Have you found anything particularly helpful or advantageous?
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Ben Tossell
What’s your advice for people who are just starting out in crypto?
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