Witnet connects smart contracts to any external data source. Sport results, stock prices, weather forecasts or even other blockchains. You name it! The Witnet protocol works thanks to a Decentralized Oracle Network formed by mining nodes—called witnesses—who earn Wit tokens as a reward for retrieving web data and reporting it directly to the smart contracts. Veracity of this data is guaranteed by a consensus algorithm that detects fraudsters, who are immediately punished. All of this, without any centralized authority or a single point of failure.
