NEST is an Ethereum-based decentralized pricing oracle. The NEST oracle uses a decentralized incentive solution, the price predictor, to tackle the problem of pricing on-chain. Quote mining (incentive), verification cycle, pricing chain, and beta coefficient are at the heart of Nest Oracle.
On the NEST protocol, anyone may become a verifier and verify the price of the quoted miner's quotation; if there is a difference between a single quotation and the market price, and a specified arbitrage space exists, and thus the verifier can take a single arbitrage.
NEST, a ERC-20 token powers the entire NEST network which was built with the decentralized protocol based on the Ethereum network.
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