After the successful launch of Canary Phase 1, Acurast switches from Ghostnet to Mainnet on the Tezos blockchain. This new integration underscores Acurast’s commitment to providing advanced blockchain services, integrating Web2 and other emerging technologies, and ensuring innovation within the Tezos ecosystem.
About Acurast
The Acurast Universe is a platform and protocol designed to enable Web3 projects and companies to realize the full potential of universal interoperability. Acurast serves as the foundation for novel use cases, forming a universe of interconnected worlds and enabling developers to build unstoppable zero trust applications.
In today’s Web3 space, we can observe that some applications are not completely decentralized and some still function like a centralized application. For example, multiple signatures are often about trust in individual parties securing billions of assets in rollups or oracles. This trust also extends to the Web2 space, particularly in cloud computing, where major cloud providers (e.g. Google Cloud and AWS) operate most of the Internet backbone and access and control vast amounts of data.
The Acurast setup also includes dedicated mobile devices with robust security primitives. These devices have a built-in feature such as a hardware security chip that is used for the trusted execution environment. These security chips in multiple devices allow us to form a decentralized network of computing resources that anyone with these devices can participate in and earn rewards from developers who access these resources.
What is a Zero Trust Application?
Zero trust applications can be generalized as any computing task that provides the guarantee of executing as specified and planned without requiring trust in third parties. There are some similarities to Ethereum’s smart contracts, which also allow developers to specify computational tasks and have them executed by an untrusted network. However, there are some key differences: such as versatility, confidentiality and scalability.
Acurast Introduction
“We are excited about our native Tezos integration, which marks our transition from Ghostnet to Mainnet. This move underscores Acurast’s commitment to pushing boundaries in blockchain solutions and unlocking the full potential of Web3.”
Alessandro DeCarli, co-founder of Acurast
What does this mean for the Tezos community?
This will open up a new world of possibilities for the Tezos developer community and strengthen the development of more decentralized zero trust applications with amazing use cases within the Tezos ecosystem.
Developers can use Acurast based on their defined needs. For example, developers who want to create a gaming application; You would need a verifiable random number to determine the game results. Likewise, a developer who wants to create DeFi projects can use Acurast to obtain smart contract price feeds from a centralized exchange.
Dapps powered by Acurast
Examples of projects that have already used Acurast in the Tezos space include Youves, which secures assets worth more than 50 million and uses Acurast as an oracle for price feeds. In addition, Acurast can also be used for verifiable randomness – Acurast has already provided 518,000 verifiable randomness resolutions for Commonskeles and Tezos Degen Club.
It can help secure Web3 functions by facilitating interactions with EVM, Bitcoin, Substrate and Tezos blockchains and allowing users to perform on-chain tasks such as yield farming, DeFi strategies, limit orders, Uniswap Automate V3 management, NFT acquisitions and airdrop participation. Essentially, it enables versatile on-chain automation.
Acurast can be used for the Confidential Data Pipeline: Using a scalable confidential data processing infrastructure, we securely crawl, manipulate, aggregate, and feed data into machine learning models, ensuring maximum privacy and scalability.
Additionally, Acurast allows users to take advantage of running automation (if this, then that).
“Acurast is championing the interoperability narrative that drives the growing need for secure cross-chain communications, and more importantly, they are moving the industry one step closer to connecting traditional finance with decentralized finance.”
Michael Mendes, head of DeFi partnerships at TriliTech, an adoption center for the Tezos blockchain
How the Tezos community can participate in Acurast
With the Acurast Console, users have the ability to create a job to gain access to off-chain data, calculations, cross-chain communications, and more by becoming a consumer. Or they can get started as a processor by providing computing resources with a mobile device and earning rewards.
processor
Processors are the infrastructure providers of Acurast’s decentralized execution layer. Leveraging mobile devices and their trusted execution environments to execute consumer computing needs. By following this guide you can become a processor and earn rewards in 3 minutes.
consumer
These are developers who need off-chain data or calculations for their various projects. Data consumers are entities that request and retrieve data or calculations from Acurast. The data provided by Acurast may be used for various purposes, such as making decisions, completing transactions, or providing information to other systems or users.
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November 24, 2022
Yupana Finance integrates Acurast Oracle for price feeds
In order to be able to verify the values of the tokens involved in both the loans and the collateral, there should be a trustworthy decentralized data provider.
An oracle like Acurast offers exactly that. Acurast sources and structures the data so that it is ready to use for Yupana smart contracts on the Tezos blockchain.
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October 12, 2023
Deloitte Luxembourg becomes corporate baker on Tezos
Deloitte Luxembourg announces that it will become a Tezos corporate baker. As corporate baker, Deloitte Luxembourg will be responsible for validating, securing and adding transactions (blocks) to the Tezos blockchain. This new position allows Deloitte Luxembourg and Tezos to explore synergies in Web3-related topics together with other ecosystem stakeholders.
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