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Algoracle

Algoracle

Algoracle is a decentralized oracle network on the Algorand blockchain

Developed in the fall of 2021 and the first place winner of the Encode's Algorand Hackathon, Algoracle is the first dynamic, decentralized oracle network built 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.

There is a large number of exciting applications that can be built on blockchain, and a healthy network of oracles that is just as decentralized and transparent as the blockchain it is built on. Algoracle believes in security by reducing complexity.”

Hyperfocus on data feeds-designed by and for Algorand developers

Multiple security layers

A penalty/reward system, cyrptographic signing, sortition protocols, outlier detection and bounty hunting all work together to provide layers of security and accuracy.

Pay as you go

Smart contracts may pay a small fee each time they retrieve data, in addition to a one time subscription fee.

Fully encrypted

Transactions are open and transparent, so anyone can see whats happening. However, Algoracle uses public/private key encryption off-chain and cryptographic sortition to ensure privacy and security.

Plenty of options

Sports, weather, crypto prices, stocks, exchange traded funds, or create your own feed!

Timeline

February 17, 2022
Algoracle on Twitter
February 14, 2022
Algoracle on Twitter
February 14, 2022
Algoracle on Twitter
February 13, 2022
Algoracle on Twitter
February 9, 2022
Algoracle on Twitter
February 9, 2022
Algoracle on Twitter

Funding Rounds

Patents

Further Resources

Title
Author
Link
Type
Date

A Chat With Algoracle | Data On The Algorand Blockchain & What is an Oracle?

Web

December 21, 2021

Algoracle AMA w/ Founder: Abdul Osman [1st Oracle on ALGORAND!!!]

Web

January 20, 2022

Algoracle and other Oracles, the Future of Decentralized Finance | Algoracle

Web

Algoracle distributes Real-Time Data: With a Carbon Neutral Twist | Algoracle

Web

Algoracle, Providing Value to the Algorand Blockchain | Algoracle

Web

References

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