What is Goracle

Goracle is a decentralized oracle network on the Algorand blockchain.

Goracle is a PPoS (Pure Proof of Stake) blockchain that accelerates the convergence between decentralized and traditional finance by enabling the simple creation of next-generation financial products, protocols, and exchange of value.

Founded by Silvio Michali, the recipient of the Turing Award (in computer science), the Gödel Prize (in theoretical computer science), and the RSA prize (in cryptography), the blockchain has managed to find an approach that solves the blockchain trilemma without any compromise.

The Goracle vision is to deliver an Oracle solution that brings mainstream adoption to web3 and Algorand, and empower an ecosystem of decentralized applications to solve real-world user problems.

Our mission is to advance the state-of-the-art in oracle and blockchain reliability, safety, and performance by providing a flexible and modular oracle architecture. This architecture should support frequent upgrades, fast adoption of the latest technology advancements, and first-class support for new and emerging use cases.

We envision a decentralized, secure, and scalable network governed and operated by the community that uses it. When infrastructure demands grow, the computational resources of the oracle network scale up horizontally and vertically to meet those needs. As new use cases and technological advances arise, the network should frequently and seamlessly upgrade without interrupting users. Infrastructure concerns should fade into the background, and security should be guaranteed without trading off privacy or decentralization.