Odin Protocol

# ODIN Protocol (Open Data Interoperable Network)

## What Is ODIN Protocol (ODIN)?

At Odin Protocol, we are building a robust and reliable infrastructure for data acquisition. Our decentralized autonomous organization (DAO) is dedicated to creating a data-driven economy where individuals can monetize their data in a transparent, secure, and decentralized way.

We understand that AI, IoT, and ML are becoming increasingly prevalent in today's world, and with it, the need for data will skyrocket. We believe that individuals should start participating in data monetization now, as they are missing out on a lot of value that they can make by providing their data to the ecosystem. 
With the increasing importance of data privacy, more and more people are now realizing the importance of owning their data. We are building a system where people will be able to decide when they can share and when they can't. Whenever the data is shared, they earn from it, now or in the future.

[Wallace](https://wallacewallet.io/english) is the core Odin wallet and is also a data wallet that will evolve with many new features like one-click data participation and Odin ID integration which ranks each user and the quality of their data all encrypted and owned and controlled by users.

Our unique approach includes an Oracle that helps verify information from APIs in the real world, as well as verifies data between the DAAPs that are providing data to Odin. This verification makes it possible for DAAPs to access verified data sets, which is crucial for compliance with data privacy regulations.

In addition, we are creating a game engine that allows different games to connect and share data. The players will be able to benefit by carrying this info or rankings over blockchain to other games, building a more profound and trustable user engagement. Odin is building its own game ODIN 9 Worlds (O9W) as the first game use case for it around Norse mythology, this is not just being built as an example but an actual playable and enjoyable game for the masses that we ourselves would love to play.

In conclusion, Odin Protocol is creating a new decentralized data economy where users can monetize their data and applications can access fresh and verified data sets. It is an exciting time & opportunity to be a part of the data economy and take control of your data.
 
 
## How Many ODIN tokens are There in Circulation?  
ODIN Protocol is part of #Cosmos network and has a current circulating supply around 17 million.
 
Connect to our [trading Chat](https://t.me/geodbtrading) to find fellow traders.

**ODIN is the native utility token that is used in the following aspects:**

1. Fees for processing transactions and storing data

2. Used for governance votes to determine how network resources are allocated


## What else makes ODIN protocol special?


Odin Protocol is a decentralized data acquisition and monetization platform that allows individuals to monetize their data in a transparent, secure and decentralized way. It enables data-driven applications to access fresh and verified data sets, all while being in compliance with data privacy regulations. The platform is built on the Cosmos blockchain and utilizes an oracle to verify data between DAAPs, making it possible to have a more robust and quality data in the ecosystem. The platform also has a Decentralized Autonomous Organization (DAO) that allows users to propose and vote on changes to the protocol. Additionally, Odin Protocol has a built-in game engine that allows games to connect and share data, creating a more profound and trustable user engagement. The game engine is also the first use case for the platform's reward system. The Odin Protocol also has a wallet, Wallace, which is not just a wallet but also a data wallet that is evolving with many new features like one-click data participation and Odin ID which ranks each user and the quality of their data all encrypted and owned and controlled by users. Overall, the combination of data acquisition, data privacy, and a reward system make Odin Protocol unique in the market.


Odin Protocol is a data-centric, interoperable ecosystem that utilizes a layer-1 blockchain, an inbuilt oracle, and a rewards-based system for users. 

Osmosis

Celestia

Akash Network

dYdX (Native)

Dymension

Neutron

Stride

XPLA

Persistence One

OmniFlix Network

IRISnet

KYVE Network

Sentinel

Bostrom

Onomy Protocol

UX Chain

Levana Protocol

Stride Staked ATOM

Tachyon Protocol

QuadrantProtocol

NEST Protocol

Carbon Protocol

High Performance Blockchain is the first permissionless public blockchain to innovate with hardware acceleration and provably random numbers:

acceleration delivers fast, ultra low-fee, on-chain transactions

provably random numbers support 100% fairness

HPB (the coin) is used to pay transaction gas fees and to reward node operators.

Hyperblox

Osmosis (OSMO) is a decentralized exchange (DEX) for Cosmos, an ecosystem of sovereign, interoperable blockchains all connected trustlessly over IBC, the Inter-Blockchain Communication Protocol. Osmosis also offers non-IBC assets bridged from the Ethereum and Polkadot ecosystems. Originally based on Balancer-style pools, Osmosis is moving to a more sustainable concentrated liquidity model that provides a superior trading and liquidity provision experience.

As an appchain DEX, Osmosis has greater control over the full blockchain stack than DEXs that must follow the code of a parent chain. This fine-grained control has enabled, for example, the development of Superfluid Staking, an improvement to Proof-of-Stake security. Superfluid staking allows the underlying OSMO in an LP position to add to chain security and earn staking rewards for doing so. The customizability of appchains also allows for the development of a transaction mempool shielded with threshold encryption, which will greatly reduce harmful MEV on Osmosis.

Osmosis's vision is to build a cross-chain native DEX and trading suite that connects all chains over IBC, including Ethereum and Bitcoin. To build out the trading functionalities, Osmosis has invited external developers to create a bespoke DEX ecosystem that includes lending, credit, margin, fiat on-ramps, Defi strategy vaults, NFTs, stablecoins, and more – all the functionalities of a centralized exchange and more, plus the trust-minimization of decentralized finance.

Elastos, founded in 2017 and building on a vision from 2000, is a blockchain-powered internet version. Its recent breakthrough is the introduction of BeL2, a Layer 2 solution leveraging SmartWeb technology to revolutionize Bitcoin transactions. Elastos is using SmartWeb technology to build the Bitcoin second-layer network BeL2, which extends the efficiency and scalability of the Bitcoin network through smart contracts. This endeavor will enable Bitcoin to power a smart economy and effectively release the liquidity of hundreds of billions of dollars in staked Bitcoin assets.

With over 50% of Bitcoin's hash power protecting it through merged mining, ELA boasts extremely high security and credibility in its network, earning it the esteemed title of "BTC Queen" within the community.

Elastos

Ycash

Graviocoin

Edge

SpaceChain

0xBitcoin

Router Protocol

Telos

Genaro Network

DeepBrain Chain

Bifrost is a multichain middleware platform that enables developers to create Decentralized Applications (DApps) on top of multiple protocols. Not restrained to a single blockchain, Bifrost creates a new environment where developers can combine the best protocols to develop substantially more scalable and flexible DApps.

With Bifrost, developers can write smart contracts for multiple blockchain protocols in an unified environment. They simply select the target blockchain for each part of the code, then Bifrost will transpile, compile, and deploy the code into the target blockchains at once. Developers can also easily operate their DApps and even switch the target blockchain as new and better protocols become available.

Bifrost has multiple components that allow for a seamless connection among all blockchains:

Recipe: A language application that defines the programming language of Bifrost and generates smart contract codes with guaranteed code-level flexibility.

Linker: A system that connects the user and Bifrost components, ensuring the seamless operation on top of multiple blockchains.

Builder: An Integrated Development Environment (IDE) that offers a customized environment to use the comprehensive suite of features of Bifrost.

Gourmet: An automated testing environment for Bifrost service and smart contract development, updating with the latest technologies for blockchain.

Scan: A dashboard that provides you with a full view of the internal process of Bifrost and shows your blockchain interconnectivity in diagram.

Bifrost

Aleph.im is an open-source crosschain network featuring decentralized database including file storage, computing, and a decentralized identity (DID) framework. Aleph.im’s core mission is to help decentralized apps and protocols strip off the centralized parts of their stack, achieving a fully decentralized architecture. You can think of aleph.im as a decentralized AWS or firebase. Aleph.im is focused on supercharging the DeFi ecosystem.

Aleph.im

CyberVein's big-data solution is based on the PISR (private, interlink, secure, robust) distributed database, database operations are stored on CyberVein blockchain network which runs on a Proof-of-Contribution (PoC) consensus mechanism. The solution is focusing on enterprise-level "blockchain + big-data" customized services.

CVT is the native utility token that is used for:

Storage payment: The data owner pays the corresponding storage fee based on the file size and bandwidth consumed in such a process.

Computing power payment: Payments from user to owner for usage, and remuneration for software developers is going to be exclusively conducted in CVT.

Data exchange: On CyberVein's federated learning platform, the data acquirer trades the data at a price contracted between the two parties for distributed modeling applications.

CROSS NFT issuance payment: Dapp businesses are obligated to pay for Storage and Data Exchange in light of network resources occupied, and may set up CyberVein token as a means of payment to issue NFT or conduct business in accordance to their desired business model.

CyberVein tools include:

PISR Consortium database, creates better data management: through safe and reliable virtual machine operation and maintenance of user data, data is efficiently aggregated for upstream data, and data traceability and tracking are realized to ensure the reliability of data sources and outputs, and achieve cross-level, cross-departmental data sharing to improve the timeliness, diversity, stock and density of data to realize the commercial value of data, and truly solve the problems in data flow.

DAG storage chain, creates safer data storage, with better efficiency, no block confirmation, low transaction fees, and also eliminates miner, supports asynchronous verification and parallel processing of each node, the more nodes, the faster the speed, the stronger the scalability, which leads to better scalability. The database backup on DAG storage chain provides an extra layer of security for businesses.

Cytrix, allows GPU to be shared. Nodes can contribute part of their GPU to the network, in return for compensation through the Proof of Contribution mechanism. The contributed GPU can aid enterprises or individuals in data modeling with federated learning.

Federated Learning Platform, enables data to be monetized. Federated Learning is a distributed machine learning workflow. The datasets are first trained locally, and the data of all parties is kept locally, without revealing privacy or violating regulations.  Individual terminals return trained models to the server to create a shared model. Effectively protect data privacy and security, solve the problem of information silo, and thus realize the value of data. The platform will also provide algorithms to support data modeling operations by enterprises and individuals.