Oracle Decentralization

Oracle Problem

The FIGHT WIN founding team is currently creating and managing the FIGHT WIN betting markets themselves. That conflicts with the principles of decentralization, but at this stage it is a necessary step toward total decentralization, considering the lack of mature Oracle solutions focused on sports. "Oracle's problem is the problem of getting external data reliably into blockchain, a problem that haunts almost every project in the decentralized financial ecosystem. This is one of the most difficult problems to solve that senior multibillion-dollar projects still struggle with.

Decentralizing the FIGHT WIN Oracle

Rather than creating its own decentralized oracle solution, FIGHT WIN will outsource this responsibility to a specialized oracle protocol. Recently there have been a number of projects aimed at solving the oracle problem, one of those projects is UMA. They have an interesting solution called The Optimistic Oracle UMA. We are looking forward to a long-term partnership with this project that will bring us the ability to decentralize all calculations for all FIGHT WIN betting markets. The cooperation with UMA would make it possible to get faster results for all events and give the user an even better guarantee in terms of settlements.