OAK Network Blockchain
What is OAK NETWORK?
This is a blockchain for automating Defi and periodic payments by protocols. The blockchain is built on Parity Substrate (a set of tools for creating custom blockchains from scratch, and it supports some of the most popular blockchains in the world, such as Polkadot, Kraken and Chainlink) with an event-based execution model. Unlike Ethereum's transaction-based model, where a transaction requires signing a private key, OAK allows transactions to be initiated using event signals such as time, price, event triggers, and smart contract state changes.
That is, in simple words, a person comes, he signs the transaction, then the network collectors (collectors) collect information and send it to the register of events, after that this register of events "pushes" the transaction and the money of the person who signed the contract goes to the recipient's wallet
* As a Level 1 (L1) automation blockchain, they form an event-driven execution virtual machine.
* This basic L1 functionality will be used to create a best-in-class, user-friendly user interface by working together with dApps development partners.
Technology:
* Polkadot blockchain is built on the basis of a cumulative (large) frame
* Decentralized event listener in the chain
* Execution of cross-chain transactions (allows you to transfer tokens, smart contracts and exchange other data between independent platforms) (via XCMP and bridges)
