Proof of Reputable Observations (PRO)
Proof of Reputable Observations (PRO) is a consensus mechanism that relies on trusted, high-quality data sources, called oracles, to validate blockchain transactions and events.
How PRO Works
Instead of using computational power or stake, PRO verifies information based on the credibility of data providers. These reputable sources, such as nodes with a history of accurate reporting, submit observations about off-chain events. The network then confirms consensus based on the number and trustworthiness of matching observations, ensuring that only reliable data influences the blockchain.
Why PRO Matters
PRO helps bridge the gap between blockchains and real-world data by emphasizing trust in information providers. It’s particularly valuable in use cases like decentralized finance, insurance, and prediction markets, where accurate off-chain data is essential. By weighting reputation, PRO enhances security while avoiding excessive decentralization risks.