Oracle Nodes
Last updated
Last updated
Oracle Nodes are integral to the functioning of the Impossible Cloud Network (ICN). Their primary responsibility is to monitor the performance of Hardware Providers (HPs) and ensure they meet the requirements set out in the Service Level Agreements (SLAs). By doing so, Oracle Nodes maintain the network’s integrity and reliability, ensuring that HPs deliver the services they promise.
Oracle Nodes are incentivized through a system of ICNT token rewards, distributed over time to encourage consistent performance. However, there are also penalties for non-compliance to maintain accountability, which involve shortening the duration of the node's ICN Passport (Type I). This structure creates a balance between incentives and responsibilities for Oracle Nodes.
Oracle Nodes in the Impossible Cloud Network (ICN) are tasked with ensuring that Hardware Providers (HPs) meet the required Service Level Agreements (SLAs). This monitoring function is essential to the smooth operation of the network, ensuring that HPs maintain high performance standards.
Oracle Nodes must monitor HPs to ensure they meet the SLAs, which include requirements such as:
Uptime: Ensuring that HPs remain operational and meet the network's uptime requirements.
Performance: Checking that HPs are delivering services as promised, without degradation in quality or speed.
If an HP fails to meet the SLA requirements, Oracle Nodes are responsible for reporting these violations to the network. These reports are crucial for:
Determining whether HPs should receive rewards or face penalties.
Ensuring that HPs are held accountable for their performance and maintain their commitment to the network.
Oracle Nodes play a vital role in maintaining the reliability and trustworthiness of the ICN, as accurate and timely reporting ensures that HPs meet the expectations set by the network.
Oracle Nodes are compensated for their monitoring role through ICNT token rewards distributed from the Reward Reserve. These rewards are front-loaded, providing strong incentives for initial participation and ensuring that obligations are met effectively from the start.
Monthly Reward Schedule: Rewards are distributed over a 48-month period in a front-loaded manner, with Oracle Nodes receiving a higher percentage of their total reward earlier in the cycle. The distribution percentages are as follows:
Month 1: 18.4%
Months 2-3: 3.40% each
Months 4-6: 3.19% each
Months 7-9: 2.98% each
Months 10-12: 2.76% each
Months 13-15: 2.55% each
Months 16-18: 2.34% each
Months 19-21: 2.13% each
Months 22-24: 1.91% each
Month 25: 1.70%
Months 26-28: 1.49% each
Months 29-31: 1.28% each
Months 32-34: 1.06% each
Months 35-36: 0.85% each
Months 37-42: 0.64% each
Months 43-48: 0.43% each
Performance-Linked Rewards: Rewards are contingent on the Oracle Node fulfilling its monitoring obligations. Non-compliance may result in reduced rewards or a shorter validity period for their ICN Passport Type I.
To ensure the network's integrity, Oracle Nodes face penalties if they fail to meet their responsibilities or engage in malicious activities, such as providing false reports or collusion.
Missed Reports: Failing to submit or submitting incomplete reports can result in penalties.
Passport Duration Reduction: The validity period of the ICN Passport Type I held by the Oracle Node is reduced as a penalty for non-compliance. This results in a shorter reward period for the node.
Loss of Rewards: Oracle Nodes may lose part or all of their rewards for any period in which they fail to meet performance expectations.
False Reporting: Severe penalties will be applied for false reporting, including significant reductions in the validity of the ICN Passport and possible suspension.
Collusion: Engaging in collusion to manipulate monitoring outcomes can lead to the loss of rewards and a significant reduction in the passport validity period, alongside potential network suspension.
