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Goracle – the Decentralized Oracle Network

8 Jun 2023, 00:00

Abdul Osman is the founder and CEO of Goracle - a Decentralized Oracle Network built on the Algorand blockchain. With the new cross-chain compatibility feature, Goracle can import data from Ethereum and other blockchains, opening up new use cases.

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Why you should listen

Goracle is a decentralized blockchain oracle solution built on the Algorand blockchain. It provides a secure and reliable way for smart contracts on the Algorand blockchain to access off-chain data. With the new cross-chain compatibility feature, Goracle can import data from Ethereum and other blockchains, opening up new use cases and opportunities for developers. Goracle is in Testnet and plans to launch to Mainnet this month.

Goracle’s features enable Algorand to act as a settlement layer for other blockchains, providing seamless access to data on other chains and facilitating cross-chain liquidity. This feature will enable developers to build a wide range of applications without building their own centralized oracles. For example, developers can now build DeFi apps that allow users to trade assets across multiple blockchains.

Other use cases for cross-chain applications include supply chain management, gaming, and asset management. For example, developers can build applications that track the movement of goods across different blockchains, verify the ownership of virtual assets in games, or manage a portfolio of assets across different blockchains.

Goracle is conducting an IDO for their $GORA token on June 28 via Tokensoft.

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$GORA IDO

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