The Oracle jacket is done. Thanks to the brilliant David Ter-Avanesyan for this understated gem in gold and black and to
@VitalikButerin
Martha Pollack
@SergeyNazarov
@el33th4xor
and
@lmoroney
for so graciously providing cover blurbs.
Looking forward to sharing this adventure…
The Oracle of Delphi was critical infrastructure in ancient Greece—pivotal in the major political decisions and historical events of the time. This coin (in a Berlin museum) depicts one founding myth, a clever surveying trick by Zeus to site the Oracle at the center of the world.
In an alpha test with
@useteller
,
#Chainlink
DECO was used to verify off-chain bank account balances in a privacy-preserving manner as a way of reducing collateral requirements.
Learn more about undercollateralized lending and the proof of concept below.
THE ORACLE cover is complete (thanks to the wonderful designer at Talos Press known to me only as David!). And the website is up!
Publication date: 20 Feb. 2024. Book events being planned.
#OracleNovel
Full prototype of Chainlink's Fair Sequencing Services (FSS) unveiled at SmartCon 2022. FSS combines a long line of classic and cutting-edge research with considered design by Chainlink Labs research. The goal: Reduce harmful MEV.
@pszalach
@dahlia_malkhi
Not everyone fully appreciates that oracles are more than just data feeds. They're bidirectional, compute-enabled bridges between blockchains and external resources—resources that can include other blockchains.
#Chainlink
The cross-chain era is here, enabled by
#Chainlink
CCIP's unparalleled security.
🏝️ No more multi-chain fragmentation
🧑💻 Seamless user experience
⚡ Cross-chain composability for nextgen dApps
Your cross-chain starter pack:…
Silver coin (in a Berlin museum) from the ancient Greek colony of Kroton. The Pythian tripod was an emblem of the city, whose founding relied upon a prophecy from Apollo at the Oracle at Delphi. When founding a new colony, the Greeks considered it imperative to consult an oracle.
Key management could become the Achilles' heel of the whole crypto endeavor: If users can't custody their own keys, they'll lean too heavily on centralized services. DECO can be a powerful ingredient in a workable solution.
In this new research post,
@chainlinklabs
Chief Scientist
@AriJuels
explores how
#Chainlink
DECO could help simplify key management by enabling users to safely recover crypto keys through authentication to websites of their choice.
Our new paper on DAOs has two main findings:
(1) Common ways to measure decentralization today leave DAOs flying blind. A new metric, Voting-Block Entropy (VBE), surfaces key lessons about how to decentralize DAOs.
(2) Dark DAOs are practical and a realistic threat. They enable…
Outstanding presentation by Dahlia Malkhi
@dahlia_malkhi
on DECO, now in alpha tests with Chainlink partners. Privacy-preserving oracle technology promises to transform web3. E.g., Burrata
@burrataxyz
demos "mind-blowing" KYC app with ten lines of code.
If cryptocurrencies and DeFi are truly to succeed, they must avoid the fate decreed by G.B. Shaw: “Revolutions have never lightened the burden of tyranny: they have only shifted it to another shoulder.”
King Croesus of Lydia—incidentally, the first to mint gold coins, like this one in the British Museum—wanted to learn which of the oracles scattered across the ancient world issued the most truthful prophecies. He devised a clever test.
AI safety will become an issue for blockchains. We're in a good position to address it if we start now. Talk from SmartCon 2023.
AI and Blockchain Oracles: Averting a Wallet-Carrying Godzilla
The next iteration of PROF blog post is out. We believe PROF is a simple, promising way to combat harmful MEV and get fair ordering (for your favorite notion of "fair"). We're exploring ways to make it happen.
@KushalBabel
@iseriohn42
@_mahimna
Web2 systems—such as centralized exchanges—are inescapable today. My PhD student Yan Ji
@iseriohn42
works on the pragmatic idea of endowing Web2 systems with Web3-style trust assurances, e.g., proof of liabilities (). Increasingly relevant post-FTX.
While presenting proof of liabilities at
#CSAW22
, I was asked “what’s the incentive for CEXes to implement GPoL”. I guess one of the lessons to be learned after FTX, is that it’s urgent for these centralized service providers to EARN users’ trust.
This ancient Greek coin shows ground zero for oracles: The Omphalos, the stone at the Oracle of Delphi that was believed to mark the center of the world. (The god Apollo is sitting on top.) Oracle builders' task now: Create the New Delphi.
Source:
The
#Chainlink
community deserves its own thriller novel!
The Oracle is not just a celebration of oracles, but a glimpse into near-future possibilities in blockchain tech based on real science. It's for non-technical readers and industry veterans alike.
#oraclenovel
…
.
@AriJuels
’ new sci-fi thriller novel The Oracle—a story that brings together mythical antiquity, blockchain tech, and oracles—will be published on February 20, 2024.
For in-person book events and more:
Interesting recent deep-learning-based stylometric analysis of research papers. Aims at uncovering Satoshi Nakamoto. See . How disappointing to be only a 4th-ranked suspect. (I'd wager in any case that Satoshi wasn't publishing in conferences.)
What was the first digital currency to do proof-of-work (PoW) mining?
Not Bitcoin. By my reckoning, it was MicroMint, devised by Ron Rivest
@ronrivest
and Adi Shamir in *1996*. Given their innumerable contributions, it's easy to overlook this one.
What’s an Atomic NFT? A new type that resists fractionalization—even by means of keys shared off-chain. Sounds impossible? (It should at first.) Kushal Babel
@KushalBabel
will introduce in a short talk. (At IC3 NFT gallery opening on 3 Oct.) Paper to come.
MEV exploitation may seem inevitable in a world of profit-maximizing validators—with resulting harm to users. We believe it's not. We propose a different way in a new system called PROF.
@KushalBabel
@iseriohn42
@_mahimna
DAOs are a truly interdisciplinary research topic, spanning political science, computer science, economics, law, and organizational science.
Here's a fresh compendium of DAO research papers waiting to see the light of day: .
@joshuaztan
@mpg_dd
…
Dark DAOs are DAOs designed to attack other DAOs—while keeping attack dynamics secret. We've built complete, end-to-end Dark DAOs to highlight this future risk to DAO voting integrity. New blog post—with demo: .
Demo here: .
Our…
Supremely fitting way to celebrate today's launch of my thriller novel THE ORACLE: A fireside chat last night in NYC with oracular legend
@SergeyNazarov
.
Thanks to Chainlink community members for joining us!
@oraclenovel
#oraclenovel
TEEs / trusted hardware are in theory a perfect complement to blockchains. But security concerns have slowed adoption.
The Sting Framework (SF) is a new defensive layer for TEEs and other systems that enforce secrecy. See our blog post or the TLDR below.
Here's the idea behind Anchored NFTs in a nutshell. The key controlling an NFT is physically embedded in the device displaying the NFT. So when you see, e.g., a CryptoKitty, you're seeing it "in person," at the physical point of control. Learn more at .
Looking forward to speaking at the CBER conference at Columbia Univ. on Friday as I accept the award on behalf of the team. I'll give a retrospective on the paper and thoughts on ways to combat harmful MEV.
@phildaian
@sgoldfed
@ethlorenz
@relyt29
@CBER_Forum
Congratulations to
#Chainlink
Labs Research Team members
@AriJuels
,
@ethlorenz
, and Xueyuan Zhao on receiving the Crypto & Blockchain Economics Research (CBER)-Circle Insight Award for their paper "Flash Boys 2.0," which pioneered research on MEV.
The Gulbenkian Museum has an astonishing collection of coins (among other things). Here's their Akragas Decadrachm—an entire frieze sculpted on a coin almost as big as a U.S. silver dollar. Only some ten are known to exist today. It depicts Helios driving his chariot in the sky…
🔊 On Tuesday, 3/19 at 5PM ET, join
@AriJuels
and
@ChainLinkGod
on the Chainlink Official Discord, where they'll discuss Ari's new sci-fi thriller novel "The Oracle" and the role of AI and blockchains in society.
When oracles first came on line, it felt like living in a primitive city that finally got electricity.
The Oracle novel U.S. edition available February 20th
#TheOracleNovel
With basic cryptography, you can accomplish little marvels, like one I just taught this semester: flipping a coin over the telephone *fairly*. The idea in a nutshell: use cryptography to simulate one person flipping the coin and covering it with her hand.
Recipe below.
Witches, vampires, and Arthurian knights weren’t the company I thought my work on blockchain tech would be keeping... but I can't ask for better!
THE ORACLE was announced today as a Publisher’s Weekly
@PublishersWkly
notable book pick for SF, Fantasy, and Horror in Spring 2024.
A thread on the future of NFTs—technical ideas devised and explored by my group at Cornell Tech in collaboration with others at IC3
@initc3org
and elsewhere.
Increasingly complex DeFi means increasingly complex MEV risks. Lanturn, led by
@KushalBabel
and
@mojan_jp
, uses adaptive learning to get accurate MEV estimates w/o heuristics: . It has even discovered two interesting new MEV-extraction strategies. 1/5
I had fun recording a series of short introductory videos on blockchain topics (and ancient Greek history!). Here's the first of them. Thanks to the publicity team for _The Oracle_ for asking interesting questions and helping put these together.
#oraclenovel
People focus too much on the digital gold rush, the part of crypto that’s gaining a bad rap...they’ll overlook the vast sea of technological possibility that comes from
#blockchain
technology beyond
#Bitcoin
…
#TheOracleNovel
available February 20th.
My crypto thriller novel THE ORACLE is out today! It can be ordered from pretty much everywhere you buy books. You can learn more at , but here’s a quick thread about its origins.
People have asked whether I’ll sign copies of THE ORACLE. Always with pleasure! Book events are in the planning stages. I’ll also sign a small batch of bookplates for those at events—to be shared with friends who can’t make it. Initial design below.
#oraclenovel
#cryptothriller
Thank you! My first ETHDenver. Looking forward to my talk, "Oracles: Science Fiction and Not-So-Science-Fiction," and to seeing friends and colleagues in Denver!
Come find me at the
@Chainlink
booth between 4-6 p.m. on 29 February (a day that barely exists) at
#ETHDenver24
. A bunch of complimentary copies of THE ORACLE on offer and I'll be signing books. Looking forward to seeing you there!
@oraclenovel
…
Without decentralization, a DAO is just an AO.
But what does decentralization really mean for a DAO?
New blog post: The ‘D’ in DAO? We’ve All Been Getting It Wrong.
w/ J. Austgen A. Fábrega
@sarahalle_
@KushalBabel
@_mahimna
Privacy is of paramount importance in CBDC design. Basic CBDC designs risk leaking more information to central banks than the existing system. But I believe this op-ed overlooks nuances discussed in, e.g., IC3's CBDC survey: .
Last night, we celebrated the launch of
@AriJuels
'
@oraclenovel
, joined by
#Chainlink
co-founder Sergey Nazarov and the Chainlink community in NYC. It was great to see the community together IRL!
Find more info and order your copy at:
Thanks,
@OasisProtocol
. Lead authors of the work were James Austgen and Andrés Fábrega, with co-authors
@sarahalle_
,
@_mahimna
(and me). Yes, confidentiality generally helps with decentralization. Delegation helps under specific conditions outlined in the paper.
@bionicdao_
Recent research from
@AriJuels
suggests direct confidential mechanisms (e.g. voting) and indirect confidential mechanisms (e.g. delegation) can lead to to greater participation & decentralization 🩵
You can read the full article at
My new op-ed in Blockworks: What can blockchain do for AI? Not what you've heard.
There are promising ways that blockchain technology can support AI. But there's also a good lead of noise and misleading narrative.
Scalper bots regularly spoil NFT drops. Yan Ji
@iseriohn42
to give a talk on CanDID NFT ()—an anti-bot NFT technology that leverages decentralized identity via oracles. (At IC3 NFT gallery opening on 3 Oct.)
The beauty of on-chain pyramid schemes is their transparency. They've existed for centuries, but we finally get a detailed picture and ideas on prevention. We'll present study of Forsage at FC in May 2023. Original blog w/ paper link: . Key results👇
The birth of
@initc3org
(and Ava Labs
@avax
) recounted by my former colleague
@el33th4xor
, who co-founded both. IC3 isn't wedded to any particular project. Its goal was—and is— "just good researchers doing good research" to solve the blockchain industry's most pressing problems.
🎙️Take a sneak peak at IC3's latest Founders in Web3 interview with Emin Gün Sirer
@el33th4xor
, CEO of Ava Labs
@AvaLabs
@avax
and former IC3 Co-Director. Gün highlights IC3’s founding vision as a global blockchain research hub where "Just Good Researchers Doing Good Research"…
The lights of NYC are about to grow a bit brighter. Phil Daian
@phildaian
to give a talk on co-designing a ten-foot-high NFT display panel commissioned from glassblower Jason Mack. (At IC3 NFT gallery opening on 3 Oct.
@initc3org
)
I dare say
@initc3org
has played a more important role in launching successful blockchain tech and ideas than most deep-pocketed VC firms. Scientific innovation and stellar students are a winning combination.
@GyroStable
Special thanks are due to
@Balancer
for all of their incredible integration support to date, as well as
@initc3org
for incubating the early ideas as a summer bootcamp project.
The key to key management is to know your risks. Key loss, leakage, and theft are different types of failures. Ittay Eyal
@ittayeyal
will discuss his pioneering research around these issues, which began with . (At IC3 NFT gallery opening on 3 Oct.)
Some people have asked me how you go about getting a novel published. Once you have a complete draft, you send out queries to agents. Then you await their responses. Here's what that looks like. Repeat 50x.
Yes, you probably are,
@franklinisbored
! NFTs are an important addition to blockchain curriculum.
(Corrections to Twitter noise: This was my talk at IC3 event at Cornell Tech, not a Harvard course. $100k referred to collection floor price.)
THE ORACLE is released today!
"Is it pure fantasy? Parts of it are. But unlike most sci-fi, THE ORACLE is grounded in real history, science, and tech—including my work at Cornell and Chainlink Labs."
#oraclenovel
@oraclenovel
Last night's test run of display for IC3 NFT gallery opening on Monday. Videographer (me) gives sense of scale. Trippy vortex noise is just the soothing sound of NYC at night.
@phildaian
@initc3org
Short talk at ETHDenver on THE ORACLE today: "Oracles: Science-Fiction and Not-So-Science-Fiction." (1:50 p.m., Atlantis main stage.)
From 4-6 p.m., complimentary books at Chainlink Booth + signing (on bookplates, numbered in hex of course).
See you here in Denver!…
Many thanks to
@taliakaplin
for
@CNBC
interview today on misleading narratives around AI and blockchains. Also how focus on prices distracts from blockchain innovation (right after news about Bitcoin price swings!).
...and a bit on The Oracle.
"NFT Fair Drops with Decentralized Identities." Nice, concise talk by Yan Ji
@iseriohn42
on use of oracles to level the NFT playing field. At IC3 NFT gallery opening: .
Thanks to Uniswap for their generous support. Until the emergence of tools to mitigate MEV—something we're working on—I hope that predicting impact will be a useful stopgap measure.
@UniswapFND
@FKoushanfar
In R&D,
@AriJuels
and
@FKoushanfar
have received a grant to research and build an MEV Estimator Prototype
This work will allow swappers to better predict whether MEV will occur, and to what extent they will be impacted, prior to executing a transaction on Uniswap
My talk on DAOs at Columbia CryptoEconomics (CCE) Workshop.
How should we measure DAO decentralization? What threat do Dark DAOs pose?
Covers Austgen, Fábrega, Allen et al. paper: .
(Paired with excellent talk by Sreeram…
Talking tomorrow at the Princeton DeCenter about tools to address two NFT problems: (1) Scalper bots (using privacy-preserving oracles) and (2) The increasing pressure on creator royalties (by enforcing a new property called Complete Knowledge).
The Science of Blockchain Conference (SBC) '23 starts tomorrow! The physical venue is full (and bursting at the seams), but visit to stream talks.
Co-organized by
@CBRStanford
@initc3org
and
@BerkeleyRDI
What's in the future for NFTs? Exhibition highlights from the IC3 NFT gallery opening last night.
@initc3org
(Tweets on event talks and contract addresses to come. Also video of event.)
Bitcoin is an early manifestation of a wonderful technological idea and it dominates
#crypto
markets. But
#blockchain
technology has a broader and often almost separate life of its own.
#OracleNovel
available now!
#Bitcoin
THE ORACLE is a blockchain + AI cautionary tale.
Happily, colleagues with ML expertise (e.g.,
@kelmoujahid
) are thinking seriously about solutions and the positive side of the story, how oracles can contribute to AI safety.
@oraclenovel
#oraclenovel
@CryptoSwim
@chainlink
@OasisProtocol
In general, I appreciate the potential of and like Oasis Sapphire (and worked with Dawn et al. on some of the underlying ideas in the Ekiden system). On the academic side, we used it in a recent paper: .
Blockworks has a nice writeup on THE ORACLE today.
"The Oracle is a cheerful thriller that masterfully mixes ancient Greek, art history, art theft and cryptography."
#oraclenovel
@oraclenovel
🎙️ The fireside chat between
@AriJuels
and
@rorypiant
on Ari's new sci-fi novel "The Oracle" is happening today at 5PM ET on the Chainlink YouTube channel.
Tune in👇
Print books are pricey these days. So I'm delighted to partner with co-op bookstore
@JoinTertulia
on discounted pre-order options for THE ORACLE.
Order by 20 February here (code: CRYPTO): . (Another option: half price with trial Tertulia membership.)
As IC3’s NFT gallery opening at Cornell Tech approaches (3 Oct.), it’s worth highlighting this outstanding blog post on NFT copyright issues by some of the speakers.
@initc3org
@grimmelm
@iseriohn42
@relyt29
: .
Haaroon Yousaf giving talk at Financial Cryptography today (in Croatia) on our research on Forsage, a pyramid scheme on Ethereum. Blockchain transparency sheds new light on these classic scams. To get the lowdown, see our blog post.
@sarahalle_
@relyt29
It was the Oracle of Delphi, which informed the king's ambassadors (in verse) that the king was making tortoise and lamb soup in a bronze cauldron.
(Good choice by the king! At least I wouldn't have guessed that one.)
Science of Blockchain Conference (SBC) 2023 happening in 11 days. Dozens of regular presentations and three excellent invited speakers:
@dankrad
(EF),
@danrobinson
(Paradigm), and
@EliBenSasson
(StarkWare).
View the program at: .
The Science of Blockchains (SBC) 2024 conference will take place from 7-9 August in NYC. Details and registration now up at . (Registration as always is free, but capacity is limited.)
Talk proposals due by 16 April. (Submission link on site.)
@initc3org
…
One of the downsides of technology is that it can strip our lives of a sense of awe...my hope is that my novel can convey at least a grain of this vanishing thing...
The Oracle novel U.S. edition available February 20th
#TheOracleNovel
Buying an NFT today is often like buying a shark in formaldehyde: You don't know when it's going to decay. (See .)
Many NFTs and their metadata are in centralized or impermanent infra. helps, but more research and tools needed.
By gaming your position in the Ethereum P2P network, you can learn others' transactions faster and exploit that knowledge faster. We show this experimentally and prove it true generally in a basic model. (Lead author
@WeizhaoTang
, also w/ Lucianna Kiffer and
@giuliacfanti
.)
A team that includes Chainlink Labs’ recent intern Weizhao Tang
@WeizhaoTang
, academic partner Giulia Fanti
@giuliacfanti
, and Chief Scientist
@AriJuels
, will present their latest research at the
@ACMSigmetrics
2023 conference this June.
Their new paper explores strategies for…
I'm giving the keynote talk—on The Oracle—at the Duke University Web3 conference this Saturday: . Looking forward to seeing you there!
#oraclenovel
@oraclenovel
THE ORACLE's warning about the future of blockchains + AI and how oracles might address it. ETHDenver recording now up on YouTube: .
Talk title: "Oracles: Science Fiction and Not So Science Fiction."
#oraclenovel
@oraclenovel
Join me at ETHDenver! Atlantis Main Stage, 1:50 pm tomorrow, i.e., Thursday. My talk: "Oracles: Science Fiction and Not-So-Science-Fiction."
I'm then at Chainlink Campsite (booth 235) from 4-6 p.m. Complimentary copies of THE ORACLE + book signing.
See you there!
#ETHDenver
Lanturn uses ML to measure MEV—both to gauge tx risk and to design better protocols.
Intriguingly, it invents clever new MEV strategies—e.g., the "Lazarus strategy," which revives an invalid transaction and front-runs it.
@KushalBabel
presenting at ACM CCS this week.
I am in Copenhagen at
@acm_ccs
this week and will be presenting our work on the new learning-based tool “Lanturn” in the Smart Contract Security session. Come say hi if you are around!
Paper :
Code :
"Part of the fun of ‘The Oracle’ is that I was, and am, living the research in the novel."
Nice article in the Cornell Chronicle on THE ORACLE by
@TomF_Ithaca
.
#oraclenovel
@oraclenovel
First live event for THE ORACLE! Join us at Cornell Tech in one week: . Followed by reception and signing. (Complimentary copies of the book offered to guests.)