TRUFLATION Research Report: Decentralization RWA indicator index network

Author: Dewhales Capital Source: Dewhales Translation: Shan Ouba, Bitchain Vision

The reason why Truflation is interesting is because it summarizes, calculates, and publishes daily, fair, and real market inflation and economic data.So how does it create a completely strange index?

1. Introduction

Truflation is a decentralized indexing network that continuously verifies and assembles data from multiple sources, and emphasizes the transparency of methods and management.Truflation summarizes, calculate and release daily, fair, and real market inflation and economic data.Its mission is to provide the most objective, decentralized and latest economic and financial information replacement solutions in the form of the chain price index to support the new generation of blockchain products.Through its solution kit (such as Truflation instrument board, API data access, and TRUFLATION RWA ORACLE), users, developers, and DAPPs can use tools to accurately visualize inflation rates, access data streams, and integrate real -world financial data on the chain.To put it easier, what does it mean and how does it work?Let’s take a closer look.

2. Overview of inflation

Truflation was launched in December 2021. It updates its method each year and provides daily inflation updates from more than 60 sources.Truflation’s idea is to generate indexes and data streams.Unlike the traditional web3 prophecy machine, Truflation will aggregate data, including data from RWA and Web2.This allows you to generate a variety of data streams, compared with traditional methods (such as consumer price index (CPI)) and electric car product indexes, it can provide more accurate and transparent inflation data.

3. Truflation workflow and architecture

The main component of Truflation is TSN, which is a decentralized physical infrastructure (DEPIN) under a huge data warehouse.TSN aims to provide real -world data through the function of traditionally unable to use directly on the blockchain, thereby enhancing the function of compatible blockchain.

All complete TSN nodes formed a fault tolerance Byzantine error (BFT) copying state machine, which can perform SQL -based data compilation, real -time data integration and batch processing, real -time data distribution and scalability. This is because the blockchain is embedded in the blockchain.Calculate components.These components are used to verify data when receiving data, and process and compile data when distributing data.In short, TSN is a blockchain specific to the application, also known as the application chain.

TSN is responsible for the network, computing and storage layer of the agreement.TSN is composed of a committee -driven node. These nodes collect and process real data, and distribute them into various programmable environments in the form of data flow.In other words, from another perspective, TSN is a decentralized physical infrastructure (DEPIN) at the bottom of a huge data warehouse.In addition, to understand the management method of data in TSN, it is important to imagine TSN imagination as an intermediary between data providers and consumers. The two participants are completely asynchronous.

TSN can be used and synchronized on various Level 1 and EVM compatible blockchains, such as: Ethereum, Base, Avalanche, Arbitrum, BSC, Polygon, Fantom and other EVM chains.

From the perspective of architecture, Truflation consists of the following network elements:

TSN Node -Check the data from the data provider and reach a consensus on its correctness. They also consume the tokens to start the node
Data provider -people who provide index data
TRUFLATION Service is a module that processs requests and provides consumers with received data.
Consumers -Apply data for various purposes and use TRUF token to pay work fees

The four main components of TSN

TSN consists of four main components, representing the modules of the system:

adapter:It is a modular software component on the blockchain that can perform a certain operation and provide an interface for other TSN components.They have one or more entry points.The adapter is similar to a smart contract, which can converge from the storage event to record the context or response request of the incident.They can also receive, verify and analyze the newly transmitted data, and then store them in the TSN repository for future aggregation.The adapter is always connected to the storage, and you can access new events recorded in TSN, but they do not subscribe to all types of events, and must be configured to read events from the category related to its purpose.The adapter can include SQL -based management, which means that the database mode must be configured to support the correct data type and format.Since the adapter is modular, they can perform collaborative calculations or interact with other adapters to expand the TSN function, such as analysis, data encryption, multi -user computing, index creation, etc.
After all node signatures, the final multiple signature events are stored in the local database, which is synchronized with other TSN nodes.This incident log is also called the context of the incident.

Data flow:TSN constantly converts the processing data into the flow of external consumers.When at least a node synchronizes and the final state of its SQL database is completely copied, the data stream will be updated and available.
Create data streams (such as inflation prices or Bitcoin prices) that can be used outside TSN require a adapter.After deployment, the adapter will automatically use past data (from the moment when TSN is created or starting from a checkpoint), and all new receiving and final data related to the storage pointer.The data inserted into the database must follow the predetermined format, which distinguishes the context of the incident of storage and creating streaming itself.Each node in TSN manages a database that supports the storage mechanism.However, because the node is part of the same network and runs the same adapter, the aggregation event and the processing data are synchronized with each other.This method allows nodes to issue less requests and optimize the final nature of trading on the chain.

index:The current data stream and adapter architecture allows us to use other data streams in the context of TSN as the construction block, perform joint computing and create a new dataset.In traditional finance, this aggregation data is called index.The index tracks the performance of basic assets in a standardized manner.For example, TSN can create consumer price index related to specific countries by combining cost data of a basket of goods (housing, food, clothing, medical care, transportation, etc.) in a certain period of time.The decentralized data flow may be more reliable than the traditional data flow that depends on a single concentration information source.

Incident context:Event that has been handled and signed by the TSN adapter will be reposted and recorded in the persistent storage called the event context.The context of the incident is a decentralized and long -lasting data storage with a strict pattern, which can be used as a register for TSN adapter processing.The incident is stored in order of receiving, and cannot be deleted or changed, which ensures the integrity of the data.The main advantage of the event context is that it forms a structured dataset, representing the TSN score state of each category, and sets the standard for subsequent calculations and processing for the adapter access data.In addition, it also allows you to fully restore TSN in the context of the external database for query and analysis.

In order to simplify the integration of TSN and the existing single -chip blockchain, TSN uses Oracle, which allows the real data provided by the smart contract requesting TSN without the need to manage the components under the management chain.Although it is only compatible with a specific set of blockchain, it is necessary for the verified data provided by the DEFI protocol and the chain to ask TSN.Because of the nature of smart contracts, Oracle is necessary, and it only allows the execution of an external smart contract from an external management account (EOA) or an external smart contract in the same blockchain.Because of this, smart contracts cannot directly access third -party APIs or data streams outside the chain, which requires special fault tolerance Oracle.

When using the smart contract supported by Oracle on the chain, calling a smart contract or EOA must get appropriate funds to meet the data request in the calling blockchain environment.

As a result, the access control ensures that interaction with TSN is safe and compensated, and compensation occurs when the exchange value occurs.

In terms of data providers, TSN nodes can be divided into two models: REST API and Origin Signed models.Third -party integrators do not release data sets, but use external sources to obtain data sets, so nodes that support REST APIs need to be managed.The main purpose of the main data provider is to publish data for related industry research. They use the Origin Signed model. This model requires data providers to encrypt the data and uploaded to TSN all stages to encrypt the data.

reputation

An important aspect of the trust level of the adapter developer to control the data used in TSN is to create conditions and filters based on the reputation of the data provider.To this end, TSN embeds a background reputation management process. This process uses various indicators collected by TSN: from the interactive frequency of data consumers, their richness and feedback to data quality control measures to evaluate each data provision provisionThe reputation of the person.

In the scenario of similar data based on applicability, credibility is very important.Analysts developing suitable for accessories may choose to use data sets of more reputable data providers and data sets of low reputation data providers for collaborative calculations.If TSN determines that the data traffic of the analyst is sufficient, it can increase the reputation of the two data providers.On the contrary, if analysts use data providers that do not meet the data quality control standards, the credibility of the data provider will decline, which will lead to the decline in the acceptance of other analysts and adapters to the data.

4. Truflation instrument board

The TRUFLATION market allows users to buy or sell data supported by $ truf.Users can submit datasets for quality control and auditing, combine data sets to new indexes, and collect valuable data and commissions for user statistics on the community.

At the time of the first launch, Truflation attracted three main independent data providers:

1. DEFI LLAMA is a decentralized analysis panel that can track many blockchain and web3 project TVL and other DEFI data.

2. DClImate is an independent, decentralized environmental data supplier,

3. Hyphen Earth is a decentralized data infrastructure for disclosing climate -influencing information.

Truflation mmarketplace members can request and send:

Custom data set
Custom index
Analysis data based on multiple indicators
Quality control and audit data

In addition, the market will launch 16 commodity index on the chain: sugar, cocoa, coffee, cattle, corn, soybean, wheat, corn, rice, barley, coal, petroleum (petroleum), petroleum (crude oil), steel, leather, cotton, andwool.Recently, Truflation has launched indicators such as Nifty50 and integrates Insurify automotive insurance data into the Truflation index to ensure how the insurance market affects the transparency of economic trends.

5. Bridge

TRUFLATION uses Chainlink’s cross -chain interoperability protocol (CCIP) technology to safely transfer the TRUF tokens on Ethereum, Arbitrum and Base blockchain.The bridge uses CCIP ChainLink infrastructure to carry out safe and programmable tokens between different blockchains.Truflation is also the official partner of Chainlink Build. It is also one of the first users to use CCIP startup, which highlights its role in improving the compatibility between blockchain.

6. Tokens economics and indicators

TRUF tokens can be used to access network data, start nodes and governance:

Data provides and consumption:Truflation users will use TRUF token to access data on the network.These rewards will also be used to further support data providers and network participants.
Node pledge:In order to allow data providers to join the network, they need to lock TRUF in the management portal.

In addition, the sealing Truf tokens also allow data providers to participate in the management of the general agreement, conduct authentication and determine the direction of the development of the agreement.
Pledged TSN node operatorStart work and earn commissions for providing and/or service data. The address must be added to the Truflation protocol whitelist.Only after the trading of the TRUF tokens can operate the TRUF token can the address of the TSN node be included in the whitelist.

Governance:Through pledge and prevention, users will get Vetruf tokens.Vetruf token gives holders’ right to vote in various agreement decision -making activities.This may include protocol node rewards, data category selection, geographical expansion, new technology strategy, etc.

At the time of release, the total supply of TRUF tokens will be limited to one billion (1,000,000,000), and the initial distribution to the following ecosystem participants:

Investors and early investors
Agreement team and developer
Ecological system and growth
consultant

The total time of tokens is 96 months (8 years) and aims to ensure the long -term stability of the agreement.When starting, 9.4% of the token will circulate, that is, 94,000,000 token.

7. Partnership

ChirpIt is a pioneering DEPIN network, founded by a senior telecommunications expert team with decades of experience.Its mission is to connect the largest number of devices to the blockchain in a revolutionary network and SaaS platform.The Internet of Things (IoT) data will be added to the Truflation stream data network (TSN), which provides comprehensive economic analysis data.The integration of Chirp data will enable Truflation to provide customers with a deeper analysis data based on the Internet of Things market trends and inflation indicators.

Partisia blockchainIt is a leading provider of scalable and confidential blockchain solutions.This cooperation will enable developers to create more reliable and data -driven financial applications, which will help improve the trust and acceptance of the blockchain community.

Big Data Protocol (BDP)-Established in 2021, it aims to create a decentralized data market for other types of data, excluding intermediate merchants, brokers and interpersonal interaction, and these traditionally absorb most of the value as assets.After successfully launching a pilot project with BDP, Truflation focuses on global price data in e -commerce, and provides three -year funding for BDP in exchange for new data providers.

TheoriqIt is a modular and combined basic artificial intelligence (AI) platform.Theoriq can use the combination of AI and blockchain technology to enable the community to use advanced AI agency teams to improve decision -making, automation and user experience in Web3.Add real -time asset data to the AI agency workflow will bring a new wave of adoption and liquidity to the Web3 ecosystem.

The leading blockchain and NFT data provider Bitscrum announced the cooperation to launch the Nifty50 Index and expand the Truflation Stream Network (TSN).The Nifty50 index tracks the top 50 in the Ethereum ecosystem according to the Ethereum ecosystemNFT

Insurify, US leading virtual insurance agent.Integrating Insurify car insurance data into the Truflation Index will make the impact of the insurance market on economic trends more transparent.By integrating insurance data, Truflation can better and more comprehensively understand the economic situation of the real world, thereby enhancing users’ ability to make wise investment decisions in the DEFI field.

Chainlink-Truflation integrates Chainlink CCIP on Arbitrum, Base, and Ethereum network, which is an industry standard for secure cross -chain and capacity.

AlloraIt is an artificial intelligence network that users will be able to access a large number of data sets from Truflation, which will enable them to make wise decisions in various financial environments and explore new investment opportunities.

Plume networkIt is the leading modularization of the second level of real asset tokenization (RWA) solution. Truflation will display its prophecy machine on Plume Network, which will allow the RWA protocol and project ecosystem to create various products, including synthetic tokens, Private loans, goods, real estate and bonds obtain collectibles and alternative assets.

Overlay protocol, That is, the “All Things Trading Platform”.This innovative trading platform provides an alternative for traditional derivatives in the cryptocurrency market and solves one of the main problems of decentralized exchanges: lack of liquidity.

Perennial LabsAnd TRUFLATION has added the electric vehicle product index to the permanent protocol of Perennial.

CopperIt is a leading digital asset storage provider.Copper has become the leader of the digital asset storage industry, known for its first -class institutional solutions in the storage field, first -class services and mortgage management.As part of this cooperation, Copper will explore financial and future services for Truflation to confirm its promise to serve customers with transparency and high -quality.

KintoIt is a second -layer solution that meets KYC’s requirements, combined with traditional finance (Tradfi) and decentralized finance (DEFI), and is suitable for physical assets (RWA).Truflation and Kinto.xyz are jointly committed to improving the compliance, security and accessibility of decentralized financial fields by providing innovative solutions, thereby accelerating the implementation of substantive assets.

NibiruIt is the first -level blockchain, which supports the smart contracts that support the authentic assets (RWA) to provide data channels for its entire ecosystem.Thanks to the real -time integration of the Truflation data channel and index, any application based on NIBIRU can now easily run real asset indexes in a completely decentralized chain environment.

FRAX:The decentralized stabilization currency project FRAX Finance has chosen Truflation Consumer Price Index (CPI) as a prophet to provide inflation data for its inflation linked coins.Truflation prophecy is launched on Fraxtal: Nuon is turning to Fraxtal: The first decentralized inflation link Fletcoin Nuon will integrate on Fraxtal, bringing Nuon’s development of Defi professional knowledge.Create a basic Flatcoin pool on CURVE: a Curve pool will be created to connect the FPI (FRAX price index) with Nuon, which may include other profitable Flatcoin and stable currency.The inflation price of Truflation will be used as a bond between Nuon and FPI in the pool.

Truflation also has a lot of integration in different directions:

8. Supportr

TRUFLATION gets DEWHALES, Coinbase, Laser Digital, Spicy Capital, Three M Capital, Modular Capital, CSP DAO, C2VENTURUS, 4SV, and 4SV, Supporters support of supporters such as Black Dragon, Absoluta Digital.

9. Conclusion

Truflation represents major changes in inflation and economic data collection, processing and utilization in blockchain ecosystems.By using decentralized networks and cutting -edge technologies, Truflation provides a more transparent, accurate, and more real -time alternative than traditional financial data sources.Its powerful infrastructure (including Truflation Stream Network (TSN)) can achieve seamless integrated real -world data across multiple blockchains, providing reliable economic insights for users, developers and decentralized applications.Through its partnership, token economics and innovative solutions, Truflation is expected to become the basic tool for the next generation of blockchain products to provide more objective and easier access methods for financial data.