Before Getting Started
Open Data Interoperable Network (ODIN) is a decentralized system designed to build a data oracle network based on an open protocol for interaction between participants and a sustainable economy. In addition to organizing the data oracle network, ODIN involves building a decentralized peer-to-peer data sharing and trading ecosystem for delivering real-world data to onchain for various use cases such as DeFi, betting, forecasting apps, or NFT. Go to odinprotocol.io for the whitepaper, token economics paper, and more.
Forked from Band Protocol's BandChain project, with a toolset customized to work with the ODIN project. A node participates in the decentralized network by keeping a copy of the ledger (transaction log) and audits the ledger to ensure all transactions obey the rules of the protocol. Additionally, any node can ask to become a validator. A validator is elected by votes from network users. The validator's role is to form, propose, verify, and confirm blocks in the chain. Validators perform a similar role to auditors, but with authority.
There are many reasons you may want to run a node.
- Running a node allows you to create and maintain an ODIN wallet completely within your control.
- Running a node as a validator earns you ODIN tokens.
- Running a node as an auditor, then delegate, is how you enter into the voting pool to become a validator.