The stakeholders of Acurast

When it comes to delivering off-chain data and computation to blockchain projects, Acurast ‘A’ game is top-notch, and its interoperability makes it stand out from others in the blockchain ecosystem.

Acurast
2 min readFeb 10, 2023

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Acurast is at the forefront of ensuring that off-chain data and computation are made available to developers who are looking to build amazing solutions in the blockchain space.

There are 3 Stakeholders for Acurast:

Data Consumer

These are developers that want off-chain data or computation for their various projects. Data consumers are entities that request and retrieve data or computation from Acurast. The data provided by Acurast can be used for a variety of purposes, such as making decisions, executing transactions, or providing information to other systems or users.

Acurast can be used to gather real-time price data from multiple exchanges, indices, and other sources, and provide a single, unified feed of pricing data to data consumers. Acurast plays a critical role in helping data consumers use price feeds, by providing a secure, reliable, and easy-to-use source of real-time data that they can trust.

Data Transmitter

These are individuals or entities that provide infrastructure and are rewarded by the consumer. They are responsible for processing data or computation and transmitting the data to the blockchain network, where it can be accessed and used by smart contracts. Data transmitters can use protocols such as HTTP, HTTPS, or WebSockets to fetch data, they also perform off-chain computation. They utilize a Trusted Execution Environment notarizing the output of their computation, making it verifiable for anyone.

Acurast Stakers

They are responsible for making decisions about the direction and development of the platform, they have the power to vote on proposals and changes that affect the platform. In return for their active participation in governance, Acurast Stakers are rewarded with native Acurast tokens. These tokens are earned through the revenue generated on the Acurast Marketplace, a platform that allows users to buy and sell data and computation. Acurast Stakers play a crucial role in the growth and development of the platform and are rewarded for their contributions to the community.

Conclusion

The stakeholders of Acurast are crucial to the success of the platform. The three main stakeholders are Data Consumers, Data Transmitters, and Acurast Stakers. Each of these stakeholders plays an important role in ensuring the smooth functioning of the platform, providing off-chain data or computation, transmitting data securely, and making decisions about the platform’s direction. By working together, these stakeholders can contribute to the growth and development of the Acurast ecosystem, and be rewarded for their contributions.

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