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What is Goracle
Goracle is an innovative protocol powered by blockchain technology, designed to breach the wall separating decentralized applications (dApps) from real-world data. Utilizing the Proof of Stake system, Goracle matches the speed and security of its foundational blockchain, enabling a whole new universe of possibilities for dApp development.
With a complex network of smart contracts, node software, and feed providers, Goracle provides enterprise-grade data with an emphasis on transparency and quality, determined by its invested community.
Node runners, those who power this vital blockchain backbone, are rewarded, fostering an environment where security and capacity increase simultaneously.
Traditionally, blockchains operate in isolation from the outside world, which limits the potential applications of dApps due to a lack of access to real-world data. Goracle solves this problem by acting as a reliable bridge between blockchains and external data sources.
Whether it’s getting the price of a product, the status of a flight, weather updates, or even sports outcomes, Goracle makes it possible to bring this information on-chain, thus significantly expanding the scope of decentralized applications.
Furthermore, Goracle’s ability to incentivize node runners with rewards promotes system security, while its permissionless nature fosters inclusivity and decentralization, allowing individuals with smaller stakes to participate as the network grows.