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Uncover the unlimited potential of UMA’s optimistic oracle at ETHAmsterdam | by Evan Duggan | UMA Project | Apr, 2022

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Uncover the unlimited potential of UMA’s optimistic oracle at ETHAmsterdam | by Evan Duggan | UMA Project | Apr, 2022

tldr: UMA will be joining ETHAmsterdam April 22–24. Core members of the team will be on site to showcase how UMA’s optimistic oracle is solving data pain points for developers of Web3 applications. The event will include a: “How to get started with the optimistic oracle workshop” and UMA invites hackers at the event to use the optimistic oracle to create fast, secure, and novel applications for the future of Web3. $8000 worth of prizes to be won and access to some exclusive socks.

UMA is an optimistic oracle (OO) that can provide and verify any arbitrary data on-chain.

Today, data from UMA secures markets and smart contracts across Web3, expanding the developer design space. The OO tells smart contracts “things about the world” so they can enforce real-world payout conditions.

UMA’s OO provides human-powered data dispute resolution between smart contracts. The OO has been called a “truth machine.”

Anyone can earn a reward by proposing answers to a data request, and that’s the lifeblood of the protocol. Proposed data will not be scrutinized unless it is disputed, and disputes are rare. That’s what makes our oracle optimistic.

Across and Polymarket represent two key use cases for the OO.

To get a better understanding of how UMA’s OO works and to unlock its unlimited potential, UMA’s Growth Strategist Chandler De Kock will be presenting a workshop focused on getting started with an OO such as UMA’s.

At the end of the workshop, users will have a clear understanding of how to get started with using UMA’s OO in their applications.

Uncover the unlimited potential of UMA’s optimistic oracle at ETHAmsterdam | by Evan Duggan | UMA Project | Apr, 2022
UMA’s optimistic oracle has been called a “Truth Machine”.

The workshop begins at 10pm (CEST) on Friday, April 22nd at the event. A recording will be made available after.

As part of the hackathon, UMA will be awarding $8,000 in prizes to teams that build the most interesting use cases with UMA’s OO. The winners could also be eligible to receive a further grant if you continue building using UMA.

The hackathon project submission deadline is 9am CEST on Sunday.

Come hang out with UMA at our booth, and tell us more about what you want to build. Also be sure to scoop up some of the UMA and Across.to swag, including our famous socks. We’ll be giving out socks to everyone and anyone who:

-Applies for a job at UMA
-Makes a submission to the hackathon

Keep an eye on UMA’s twitter for more details this week leading up to the event, and we’ll see you there.

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