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Goracle and InfStones Join Forces for Validation and Infrastructure Advisory


Goracle and InfStones Join Forces for Validation and Infrastructure Advisory
Apr 03,2023|Clients
Goracle and InfStones Join Forces for Validation and Infrastructure Advisory

We're proud to announce InfStones’ collaboration with Goracle Network as an institutional-grade validator for their oracle solution. Goracle is a fully decentralized next-generation oracle solution built to service data requests within the Algorand blockchain ecosystem. Goracle enables decentralized node networks to provide critical off-chain, real-time data feeds to complex smart contracts.

Through our partnership, InfStones will contribute directly to the security and availability of nodes within the Goracle network as a validator, as well as provide advisory services around infrastructure solutions. Additionally, we will enable members of both InfStones and Goracle’s ecosystem to delegate their GORA (Goracle’s native utility token) stake to a reputable node operator, further contributing to the security of the network.

“Blockchain oracles have a high bar for security, and our partnership with InfStones will help us meet that standard,” Goracle CEO Abdul Osman said regarding the collaboration. “Their track record of providing reliable and scalable infrastructure solutions will be key to ensuring Goracle runs at peak performance from day one.”

Dr. Zhenwu Shi, InfStones’ CEO, also commented on the collaboration: “Goracle is one of the premier oracle networks in the Web3 space. We are thrilled to be collaborating with the company to run nodes in order to strengthen its network. We look forward to being a part of the Goracle community and helping Goracle scale securely and efficiently.”

Upon mainnet launch, Goracle will provide the Algorand community with a wide range of data feeds including sports, pricing, flights, NFT data, and more. Outside of providing verification of arbitrary data at Mainnet launch, the Goracle solution will integrate VRF and off-chain computation functionality within the year.

As the blockchain industry continues to grow, there will be an increased need for high-quality oracle networks to relay verified off-chain data for smart contract execution. Goracle is poised to be one of the key infrastructure players in the Algorand ecosystem. Here at InfStones, we look forward to providing Goracle with infrastructure support as it continues to expand.

About Goracle

Goracle is a unique next-generation decentralized oracle network that has been built to initially service data requests within the Algorand Blockchain ecosystem. This enables universally connected, decentralized node networks to securely interact as independent sources to provide critical off-chain, real-time external data feeds needed by complex smart contracts. Goracle has launched cryptocurrency, sports feeds, blockchain data, flight data, as well as NFT feeds, with plans for VRF and off-chain compute functionality being added by the end of 2023.

About InfStones

InfStones is an advanced, enterprise-grade Platform as a Service (PaaS) blockchain infrastructure provider trusted by the top blockchain companies in the world. InfStones’ AI-based infrastructure provides developers worldwide with a rugged, powerful node management platform alongside an easy-to-use API. With over 20,000 nodes supported on over 80 blockchains, InfStones gives developers all the control they need - reliability, speed, efficiency, security, and scalability - for cross-chain DeFi, NFT, GameFi, and decentralized application development.

InfStones is trusted by the biggest blockchain companies in the world including Binance, CoinList, BitGo, OKX, Chainlink, Polygon, Harmony, and KuCoin, among a hundred other customers. InfStones is dedicated to developing the next evolution of a better world through limitless Web3 innovation.