Company Overview

Witnet (Wit/Oracle) is a decentralized oracle network combining a state-of-the-art Proof of Stake consensus algorithm with the native $WIT coin to deliver unparalleled security for oracle operations. The blockchain-agnostic protocol provides data feeds, price feeds, and randomness generation for smart contracts across multiple blockchain platforms. Witnet is a founding member of the Alliance of Decentralized Oracles (ADO).

Core Technology

Proof of Stake Security

Witnet's novel consensus mechanism ensures:

• Economic Security: Validators stake $WIT to participate
• Decentralized Verification: Distributed witness network
• Manipulation Resistance: Cryptoeconomic protections
• Fast Finality: Quick data confirmation

Blockchain-Agnostic Design

Native integration across multiple platforms:

• Ethereum and EVM chains
• Polkadot ecosystem
• Conflux Network
• And other supported chains

Products

Witnet Oracle Services

Comprehensive oracle infrastructure:

• Data Feeds: Real-time external data
• Price Feeds: Financial market data
• Randomness: Verifiable random function (VRF)
• Custom Requests: Arbitrary data queries

Witnet Web3 Data Integration

Advanced data access capabilities:

• HTTP request execution
• GraphQL API queries
• Website scraping
• Cross-chain state access

Sheikah Wallet

Native desktop wallet for Windows, macOS, and Linux with $WIT management and staking.

Token Economics

$WIT Token

• Node operator staking
• Data request payments
• Witness incentives
• Governance participation

Target Clients

• DeFi protocols across multiple chains
• dApps requiring off-chain data
• Gaming and NFT platforms needing randomness
• Any project requiring blockchain-agnostic oracles