Blocksense Network

Blocksense is a decentralized and permissionless protocol for the efficient creation and consumption of oracle data feeds, designed as a ZK rollup. The Blocksense network is operated by a large number of data reporters who have stake in the protocol and run the Blocksense oracle node software. At each time interval, each oracle data feed is updated by a random subset of the reporters. The reporters publish what they have obtained as the value of the oracle at the given time. The reporters are rewarded if their choice agrees with the majority of other reporters (depending on the data feed, this means having either equal or close enough value) or penalized if their choice differs. Since the selected subset of reporters is both random and secret, collusion is unlikely and the most rationale strategy for everyone is to publish the correct value (if you choose to lie, it would be difficult to guess what other reporters interested in lying are voting for, so a majority is very unlikely to form).