The Erasure Protocol
Erasure is a brand new decentralized statistics market. It lets in absolutely everyone to add predictions, stake them with cryptocurrency, construct a music record that everybody can affirm, and earn money.
Commit to every prediction ahead of time
In 2013, an open supply task referred to as Proof of Existence become released. Proof of Existence allowed a user to timestamp a report the use of the Bitcoin blockchain.
You should upload your file to the Bitcoin blockchain and prove that the file existed.
From Business Insider, writes Rob Wile, that Proof Of Existence is “possibly the maximum honest example of a post-Bitcoin carried the usage of Satoshi’s blockchain”.
Erasure Need Timestamp
On Erasure, you need to timestamp each prediction you add, much like Proof of Existence.
Imagine you’ve got done research on Apple’s hardware production. After investigating for a while, you recognize that iPhone sales in China will exceed all expectations, and you observed that Apple is about to skyrocket.
But today, the pleasant factor you may do with this information is to buy Apple inventory.
The enormous majority of facts is tough or impossible to express as an alternate.
For more, visit https://binbitforex.club/introducing-erasure-market-predictions/