Erasure Overview
- What is Erasure?
Erasure is a decentralized data marketplace built on the Ethereum blockchain that allows users to buy and sell information in a secure and permanent way. It enables participants to stake their reputation on the accuracy of the data they provide, using a novel mechanism to ensure accountability. The on-chain protocol includes an escrow system that enables buyers to keep funds safe until they receive satisfactory answers from sellers. Erasure's products include Numerai, Numerai Signals, and Erasure Bay.
- Main Features
- Staking mechanism for online interactionsPunishment SystemDecentralized and anonymous by choiceTrustworthy PredictionsTransparent and secure
- Blockchains
- Ethereum
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Frequently asked questions
Erasure incentivizes quality information by implementing a staking mechanism. Information sources can stake their offering, which means they attach a small amount of money to their online interactions. If a buyer is not satisfied with the information received, they have the ability to punish the source by destroying their staked money.
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