Hello and welcome to this blog post about Gnosis GNO White Paper. I am very excited to know that you are interested in this amazing technology, you will be going to amazed by the incredible potential of the blockchain.
There is a lot to learn about this futuristic tech, lets get started to dive into the Gnosis GNO white paper and start to leverage it to build a more secure and trusted ecosystem for Industry 4.0 applications.
The aim of this blog post is to help you quickly understand about the philosophy behind the Gnosis (GNO).
I can ensue you that, you will be able to understand every bits and pieces related to Gnosis (GNO) after going through the Gnosis GNO white paper.
Without wasting any further time lets get started to dive right in and lets understand white paper first.
What is white paper?
A white paper is an informational, influential, well-structured document, usually published by an organization, to provide in-depth information about a specific solution.
A white paper is used to provide a good insight into the challenges for a specific problem and a proposed solution for the same.
Gnosis GNO White Paper
Gnosis GNO white paper will be going to provide you, all the information that is needed to get started with Gnosis (GNO), including the inspiration for creating, the problem it is trying to solve and the solution proposed by Gnosis (GNO).
“ We believe that prediction markets will enable a more efficient and informed world. Rather than setting up a polling panel with a predefined group of experts who are thought to possess useful information based on criteria used by the person who makes the selection, prediction markets create an incentive for individuals with relevant information to come forward and trade that information, thereby revealing it to the market. Individuals without the relevant information are incentivized to acquire it in order to participate in the market and gain profits.
As a permissionless and decentralized platform built on Ethereum, we equally enable everyone to participate in a market. This democratization of access provides the foundation for efficient information aggregation.
Prediction markets and oracles will bridge real world events to the blockchain, thereby leveraging its value as an authoritative source of truth about the world. We aim to provide the World’s Most Efficient Forecasting Tool.
Gnosis enables anyone to ask a question and fund the search for answers. Empowering everyone to participate in the aggregation and efficient evaluation of information, this creates new economic opportunities for subject matter experts and more efficient avenues for crowdsourcing.
The power of “search” is decentralized and inclusive. It will ultimately become the “Google” of Customized Information Searching. Gnosis seeks to establish a global, open prediction market platform with a single liquidity pool.
This resource enables the simple creation of custom prediction market applications and embodies a flexible marketplace for blockchain oracle services. We strive to set a Standard for Predictive Assets, creating a norm for information exchange.
The information represented in a specific asset will be structured in a way that enables automated information trading, not only between humans but also between AIs, sensors, bots, and companies.
This will enable automated smart decision making ranging from electricity usage when it’s the cheapest to direct response of supply chains for predicted or increased demand.”
White Paper Link: Gnosis GNO White Paper
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