Blockchains upgrade payment protection | Resources

💡

The blockchain allows Oath to integrate into formerly closed systems like Paypal or Venmo, while using code to ensure ownership and proper transfer of funds.

When people hear the words “blockchain” or “crypto”, alarm bells start ringing and most people think - scam or gambling. Given current mainstream use that makes sense. However, in reality, the blockchain and cryptography (the study of math that enables it) are generalized technologies that can be used for any purpose. They are neither inherently good nor evil. And at Oath, we find ways to use the latest technologies to protect people.

Open vs. Closed Systems

Open Systems (Freedom)	Closed Systems (Ease-of-use)
Democracy	Dictatorship
Android/Linux	Apple
Signal Messenger	Facebook Messenger
Internet/Web	Insta, FB, Google, X, TikTok
Craigslist/Forums/Oath	eBay, Uber, Airbnb, Etsy, etc.
Blockchain/Crypto	PayPal, Venmo, Zelle, Banks

The world has always felt tension between open and closed systems. Open systems promote integration, transparency, and public access often at the expense of user experience. Closed systems restrict public access and focus on internal control + efficiency at the expense of freedom. Many systems mix aspects of both, but heavily lean in one direction.

Most corporations are closed because they want to protect their business and get their cut of profit. Corporations keep customers stuck with their data, identity, and money to prevent them from using a competitor. This leads to lack of competition and monopolies.

Until recently, the largest payment systems like PayPal, Venmo, and major banks were completely closed. Your money stays in their system under their complete control. They can block payments, hold onto earnings, and ban access. However, due to recent regulations making crypto extremely profitable for these institutions and the fear of being left behind, they have created openings for freedom and integration through the blockchain.

Blockchains are Open Systems

Blockchains are public records of asset ownership and transfer verified by many entities instead of one. Basically, blockchains enable anyone with internet access to send and receive money without it being controlled by one entity.

Instead of relying on one entity, it distributes power to many different entities (thousands of computers) that must all agree on the same source of truth. This verification process uses cryptography, a study of math used across the internet, that authenticates and validates data.

When existing payment systems integrate blockchains (crypto networks), they allow money transfers in-and-out of their closed system to the open internet. This allows Oath to protect your money, without ever controlling it, using the payment systems you already use.

True Ownership and Protection

At Oath, we believe in open systems and the freedom from control they enable. Let’s explore how this works through a few diagrams.

Key = control of funds

Vault = where funds are held during transaction

Current Protection Model

The protection entity has full control over funds. Pay the fee, funds likely transfer, but may be held indefinitely.

Oath’s Protection Model

You and your partner have full-control over the transaction, and can release the funds at any time. Only in the case of a dispute does Oath act as a tiebreaker. Tiny protection fees (based on trust score)

Signature Threshold Cryptography

When you create an oath, we automatically create a digital vault (aka wallet) on the blockchain that the buyer can send funds to. We then generate 3 keys that are distributed individually to the buyer, seller, and Oath. If at any time, 2 out of 3 key owners collaborate, they have full control over the funds. That means, once you and your partner are satisfied, both of you can instantly release the funds to the receiver. Only in the case of a dispute will Oath use its key to resolve and tiebreak.

US Dollar “Stablecoins”

Last thing. There is zero volatility risk because you can exchange US Dollar Stablecoins 1:1 for dollars.

US Dollar Stablecoins are cryptocurrencies that are equal in value to the dollar, backed by real dollar deposits or treasuries. Companies like PayPal have created their own USD stablecoins for people to use because they earn 4% interest a year off of deposits. At the scale of billions or trillions of dollars, the profit is tantalizing.

Private stablecoins give the benefit of integrating into existing networks. That means you can send or receive stablecoins, then exchange them for dollars in your PayPal or Venmo account with zero fee.

Conclusion

Oath protects your payments and guarantees full refunds for tiny fees (based on trust score, up to 95% off Goods and Services) with the apps you already use. Join us on our mission to stop all scams and make the internet safer and more affordable for everyone.

Technical Resources

Blockchains

YouTubeCrypto Explained with Bananas

Crypto Explained with Bananas

#cryptocurrency #cryptoexplained #cryptoeducation #cryptoinvesting #blockchaintechnology #bitcoin #ethereum #defi #web3 #cryptowallets #crypto2025 ================== Monkey Crypto video is finally here! p.s Monkey thank monkeys for being patient. Monkey work hard on this one. Chapters 00:00 What is Crypto? 01:57 Crypto Mining 02:58 What is the Blockchain? 03:29 How was Crypto Invented? 03:58 Investing in Crypto 04:46 Disadvantages 05:50 The Future of Crypto

YouTubeWhat is BLOCKCHAIN? The best explanation of blockchain technology

What is BLOCKCHAIN? The best explanation of blockchain technology

Blockchain explained in plain English Understanding how blockchain works and identifying myths about its powers are the first steps to developing blockchain technologies. Blockchain is an algorithm and distributed data structure for managing electronic cash without a central administrator among people who know nothing about one another. Originally designed for the crypto-currency Bitcoin, the blockchain architecture was driven by a radical rejection of at (government-guaranteed) money and bank-controlled payments. Blockchain is a special instance of Distributed Ledger Technologies (DLTs), almost all of which have emerged in Bitcoin's wake. HOW DOES BLOCKCHAIN WORK? Blockchain is a Distributed Ledger Technology (DLT) that was invented to support the Bitcoin cryptocurrency. Bitcoin was motivated by an extreme rejection of government-guaranteed money and bank-controlled payments. The developer of Bitcoin, Satoshi Nakamoto envisioned people spending money without friction, intermediaries, regulation or the need to know or trust other parties. Technically, the original blockchain is separable from Bitcoin, but this report will show that the blockchain design is so specific to Bitcoin that it's not a good fit for much else. The central problem in electronic cash is Double Spend. Because pure electronic money is just data, nothing stops a currency holder from trying to spend it twice. Blockchain solves the Double Spend problem without a digital reserve fund or similar form of umpire. Blockchain monitors and verifies Bitcoin transactions by calling upon a decentralized network of volunteer-run nodes to, in effect, vote on the order in which transactions occur. The network's algorithm ensures that each transaction is unique. Video created by the Centre of International Governance Innovation.

Stablecoins

YouTubeIntroducing PayPal USD (PYUSD): PayPal's U.S. Dollar Stablecoin

Introducing PayPal USD (PYUSD): PayPal's U.S. Dollar Stablecoin

PayPal USD is designed for digital payments and Web3, and to be compatible with the most widely used exchanges, wallets and Web3 apps. PayPal USD is available starting today and will be rolling out in the U.S. (excluding Hawaii) in the coming weeks. Learn more: www.paypal.com/pyusd Sign up for PayPal: https://payp.al/signup Visit the PayPal Website: https://payp.al/home Visit the PayPal Newsroom: https://payp.al/blog Follow PayPal on Instagram: https://payp.al/ig Follow PayPal on Twitter: https://payp.al/tw

YouTubeUSD Coin (USDC) stablecoin explained: what is it and how it works

USD Coin (USDC) stablecoin explained: what is it and how it works

USD Coin (USDC) is a #stablecoin, a type of #cryptocurrency that essentially tokenises fiat currencies, baskets of currencies, and other assets such as gold, putting them into the digital realm. How are they doing this? And more importantly. why are they bothering? Here's why you should care about stablecoins and maybe think about getting yourself some. Invest some time for your eyeballs. ► Buy #crypto today with Luno: https://www.luno.com/?utm_source=Youtube&utm_medium=Channel&utm_campaign=Hero 0:00 USD Coin (USDC) stablecoin 0:22 USDC price 0:29 USDC Centre 0:34 How to get USDC 1:08 What is USDC used for? For more on USD Coin and other stablecoins here's how they work: Don't forget to hit the like button and subscribe to #LunoTV so you never miss out! https://www.youtube.com/lunoglobal #ToTheMoon 📺 Watch These Videos Again 📺 Ethereum (ETH) 2.0 what we know so far https://www.youtube.com/watch?v=p-IV1ZiDNHI Cryptocurrency is a high risk investment that's not regulated in the UK. The value of cryptocurrency can fluctuate and you may lose your capital without recourse to financial regulators. Fees apply when you buy or sell cryptocurrency and Capital Gains Tax may be payable on profits when you sell.

YouTube3 MAIN Types of Stablecoins Explained

3 MAIN Types of Stablecoins Explained

Stablecoins are an integral part of the crypto markets. Learn about the main types, as well as a few others that don’t quite fit in the regular categories. Related Video 📺 What are Decentralized Stablecoins? 👉 https://youtu.be/BEXtRz6YQZk Browse Our BEST Videos 🔥 What Is Web 3.0? 👉 https://youtu.be/lyrbeXFTHB0 Top 10 Crypto Airdrops in 2023 👉 https://youtu.be/uMhTT9Hs954 Top 6 AVAX Crypto Projects 👉 https://youtu.be/fhcrPptJpd4 Solana vs Ethereum 👉 https://youtu.be/nhyhxNypv6U Links 🔗 CoinGecko: https://www.coingecko.com/ GeckoTerminal: https://www.geckoterminal.com/ Timestamps: 00:00 Intro 00:26 Fiat-backed stablecoins 00:56 Crypto-backed stablecoins 02:00 Algorithmic stablecoins 02:43 Other types 03:25 Outro Download CoinGecko App!📱 iOS: https://gcko.io/coingecko-ios Android: https://gcko.io/coingecko-android Follow us! Twitter: https://twitter.com/coingecko Instagram: https://www.instagram.com/coingecko TikTok: https://www.tiktok.com/@coingeckotv Telegram: https://t.me/coingecko Subscribe to CoinGecko's Newsletter! 📩 https://landing.coingecko.com/newsletter/ _____________________________ #stablecoin #tether #usdt #usdc #dai #lusd #luna #frax #animation #animationvideo #cryptocurrency #crypto #cryptoeducation #coingecko

FROST + Cryptography

YouTubeCryptoshorts e01: elliptic curve & Diffie-Hellman protocol

Cryptoshorts e01: elliptic curve & Diffie-Hellman protocol

In this episode we talk about elliptic curves and show how they work with the example of Diffie-Hellman protocol. Oleg Andreev: https://twitter.com/oleganza Olga Svyatkina: https://twitter.com/amusicalcadence

YouTubeCryptoshorts e02: Schnorr signature

Cryptoshorts e02: Schnorr signature

In this episode we show how to authenticate messages using a Schnorr signature scheme. We start with an interactive protocol and explain how it can be made non-interactive with the use of the Fiat-Shamir transform. Oleg Andreev: https://twitter.com/oleganza Olga Svyatkina: https://twitter.com/amusicalcadence

YouTubeFROST: Flexible Round-Optimized Schnorr Threshold Signatures

FROST: Flexible Round-Optimized Schnorr Threshold Signatures

Speaker: Ian Goldberg, University of Waterloo Date: June 14th, 2022 Abstract: http://www.fields.utoronto.ca/talks/FROST-Flexible-Round-Optimized-Schnorr-Threshold-Signatures Part of "Stinson66 - New Advances in Designs, Codes and Cryptography": http://www.fields.utoronto.ca/activities/21-22/Stinson66

Understanding FROST - The ZF FROST Book

This explains the main concepts and flows of FROST in a generic manner. These are important to understand how to use the library, but rest assured that the Tutorial will have more concrete information.