Last updated on July 7th, 2022 at 11:41 am
DeFi Planet is excited to announce a new media partnership with Algoracle – the first dynamic, decentralized oracle network built on the Algorand Blockchain.
Algoracle is the first decentralized oracle service on the Algorand blockchain. Algoracle’s purpose is to provide simple oracle solutions which assist dApps built on Algorand to access off-chain data securely, accurately, and quickly. Algoracle intends to help businesses, organizations, and users re-imagine how real-time data is directed and exchanged.
“There are a large number of exciting applications that can be built on blockchain, and a healthy network of oracles that is just as decentralized and opaque as the blockchain it is built on is crucial. Algoracle believes in security by reducing complexity,” says Algoracle’s CEO, Abdul Osman.
Algoracle believes that real-time data is extremely valuable and should be exchanged in a straightforward, accurate, and timely manner. Algoracle is working to set the blockchain industry standards by which businesses and people interact with up-to-date, real-time data.
The Algoracle network is currently in testnet and is seeking to create strategic partnerships with decentralized applications (dApps) to bring off-chain data on-chain so that the dApps can diversify the functionality of their services.
At DeFi Planet, our mission is to inform and educate the public about blockchain technology, cryptocurrencies, and decentralized applications (including DeFi). For blockchain technology to reach its full potential, it is vital that we bridge the gap between online and offline data thereby solving the so-called “last mile” problem.
We are also big believers in decentralization and, so, partnering with Algoracle – a platform of decentralized oracle networks that connect the Algorand blockchain with the real world – was a no-brainer.
The Algoracle protocol is simplicity at its best. Algoracle concentrates on keeping accurate and up-to-date real-world data on a smart chain contract with as little infrastructure as possible.
This is why we are excited to leverage this partnership to educate more people about Algoracle, a revolutionary oracle solution, and the countless opportunities it offers potential users and other Algorand-based platforms.
To find out more about our new partner, Algoracle, visit their website, join their Discord and follow them on Twitter and LinkedIn.
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