ORAKLE Whitepaper
A new standard for real-world data on Bitcoin smart contracts
Discover how ORAKLE bridges the gap between off-chain truth and Bitcoin-native applications, enabling secure, verifiable, and scalable data streams.
ORAKLE Whitepaper
The foundational document for ORAKLE’s decentralized oracle infrastructure on Bitcoin.
1. Introduction
Why Bitcoin Needs Oracles
Bitcoin, originally conceived as a peer-to-peer currency and later embraced as a digital store of value, is entering a new era—one of programmability. As smart contract ecosystems flourish on Ethereum and other blockchains, Bitcoin lags in one key area: access to real-world data. Without external inputs like asset prices, weather conditions, or event outcomes, smart contracts are limited in scope and usability. ORAKLE introduces a revolutionary decentralized oracle layer purpose-built for Bitcoin. By bridging the gap between off-chain data and on-chain execution, ORAKLE enables Bitcoin-native smart contracts to interact with the world, unlocking use cases such as decentralized finance, gaming, insurance, and governance directly on Layer 0, Layer 1, and Layer 2 protocols.
2. Vision
A Permissionless Future for Bitcoin Data
ORAKLE envisions a future where Bitcoin-based applications are no longer isolated from real-world information. We aim to build a permissionless, decentralized data infrastructure that anyone can use, contribute to, or operate. Our model relies on Bitcoin-native cryptography to secure the integrity of data feeds, making them censorship-resistant and transparent. Whether you're building on BitVM, RGB, or Ark, ORAKLE makes it possible to stream reliable, verified data into your contracts. This opens new frontiers for decentralized apps, enabling innovation while maintaining Bitcoin’s core principles of trustlessness, auditability, and decentralization.
3. The Problem
Bitcoin Lacks a Decentralized Oracle Layer
While Ethereum and other smart contract platforms have benefited from an array of robust oracle solutions like Chainlink, the Bitcoin ecosystem remains underserved. Existing solutions for Bitcoin are either centralized, lack transparency, or are non-existent. This absence stifles innovation, as developers cannot build trust-minimized applications that rely on real-world data. Without a decentralized oracle layer, Bitcoin smart contracts are isolated from critical external inputs, rendering them ineffective for many use cases. ORAKLE addresses this gap by introducing a purpose-built oracle system optimized for Bitcoin’s architecture and ethos.
4. The ORAKLE Solution
Fetch. Verify. Stream.
ORAKLE provides a modular and decentralized protocol for collecting, verifying, and streaming off-chain data to Bitcoin smart contracts. It consists of a network of nodes called Oraklers that retrieve data from external APIs or data sources, cryptographically verify their integrity, reach consensus, and deliver the output to on-chain consumers. The system integrates economic incentives—staking, slashing, and rewards—to ensure data reliability and node accountability. Each feed is programmable, allowing for specific update intervals, quorum thresholds, and validator weights. By decentralizing the oracle function, ORAKLE ensures that no single party can manipulate or censor data fed into Bitcoin contracts.
5. How ORAKLE Works
From Node to Contract
ORAKLE’s infrastructure is built on a decentralized network of validator nodes, also known as Oraklers. Each Orakler is responsible for fetching data from predefined sources, performing cryptographic attestations, and submitting signed payloads to the ORAKLE network. These submissions are aggregated, consensus is reached through a quorum mechanism, and results are pushed on-chain. Smart contracts on Bitcoin Layer 1 or Layer 2 can then consume these data feeds via standard interfaces. The system supports multiple feed types—ranging from price data to geolocation or IoT signals—and includes a reputation system to rank node performance and reliability. Nodes are economically incentivized and penalized, ensuring they act honestly to maintain their stake.
6. Tokenomics
The ORAKLE Token (ORAKLE)
The ORAKLE token is the backbone of the platform’s economic design, aligning incentives between all participants in the ecosystem. It serves four key purposes: (1) it is used by validators for staking and slashing, securing the oracle network; (2) it is required by users to access premium data feeds once the free adoption phase ends; (3) it acts as a reward mechanism for node operators and early adopters; and (4) it grants governance rights over protocol evolution. The total supply is fixed at 100 million tokens, distributed across stakeholders in a way that balances decentralization and sustainability. The token will initially be launched via a public ICO at a base price of $0.10 per token, with mechanisms in place to bootstrap liquidity on DEXs and CEXs. Vesting schedules, treasury allocations, and private investor participation are transparently documented to ensure trust.
7. Roadmap
From ICO to Global Adoption
ORAKLE’s rollout strategy is designed to ensure secure, scalable, and community-driven adoption. Phase 1 (July 2025): Token Generation Event and ICO on Bitcoin Signet. Phase 2 (August): Initial validator network goes live, with a limited number of data feeds. Phase 3 (October): Mainnet deployment with support for major feed types (prices, sports, weather, etc.), along with staking and reward mechanisms. Phase 4 (November): Community governance is activated, allowing token holders to propose and vote on protocol upgrades. In 2026, ORAKLE will expand to support multichain interoperability across RGB, BitVM, and Ark, aiming for over 100 independent node operators, enterprise-grade SLAs, and custom feed creation tools for institutional partners and developers alike.
8. Use Cases
Bitcoin DeFi, On-chain Games, and More
The ORAKLE protocol unlocks a wide range of decentralized applications on Bitcoin. In DeFi, it enables lending, synthetic assets, and stablecoins that rely on real-time price data. In gaming, it supports provably fair game logic tied to live sports scores or random number generation. In insurance, it allows smart contracts to respond to weather, crop, or travel disruptions. ORAKLE also empowers DAOs to automate decision-making based on off-chain triggers such as elections, market trends, or user behavior. With fully programmable feeds and governance-managed updates, developers can build anything from tokenized carbon credits to decentralized betting markets—all secured by Bitcoin’s network and ORAKLE’s verifiable data infrastructure.
9. Decentralized Governance
Built for the People, Governed by the Community
ORAKLE is designed to evolve under the control of its users. Starting from November 2025, the protocol will transition to decentralized governance where holders of ORAKLE tokens can submit and vote on proposals. These proposals can cover a wide range of decisions: new data feed inclusion, reward distribution parameters, treasury spending, security upgrades, or validator onboarding criteria. Governance decisions will be executed via smart contracts, ensuring transparency and auditability. Each token equals one vote, and proposals may require different thresholds based on impact. This model ensures that ORAKLE remains adaptive to community needs, resists capture by centralized entities, and incentivizes long-term alignment between users, developers, and node operators.
10. Security & Trust
Staking, Slashing, Audits
Security is fundamental to ORAKLE’s design. All validators must lock a minimum stake of ORAKLE tokens, which can be slashed in the event of dishonest behavior. Slashing parameters are protocol-governed and vary by severity of infraction. Additionally, the protocol applies cryptographic proofs to ensure the authenticity of submitted data and includes a dynamic reputation system to filter out unreliable nodes. Prior to full mainnet deployment, the smart contracts and node software will undergo third-party security audits. These audits will focus on economic exploits, data poisoning risks, Sybil resistance, and network resilience. Post-launch, a continuous bug bounty program will incentivize white-hat researchers to report vulnerabilities and improve the robustness of the network.
11. Team & Partners
Builders from Cybersecurity, Blockchain, and AI
The ORAKLE team is composed of builders with proven track records in cybersecurity, blockchain development, and distributed systems. Many of them have contributed to critical infrastructure in Web3 and traditional finance, and bring real-world experience in building secure, scalable architectures. The founding members include former pentesters, DevSecOps engineers, and cryptography specialists. Beyond the core team, ORAKLE is supported by a network of partners across the Bitcoin ecosystem, including infrastructure providers, early node operators, and advisors from academia and industry. The team’s commitment to open source, verifiability, and community empowerment guides all product and governance decisions, ensuring that ORAKLE remains a transparent, community-first project.