Gora Network, a decentralized oracle network, serves as a crucial link for blockchain operations by providing real-world data. Christopher Brookins, the head of business at Gora Network, recently participated in an AMA with Cointelegraph’s Maxwell Koopsen on June 5th.
Brookins emphasized that Gora Network is not in competition with Chainlink, but rather focuses on innovation within unexplored design spaces. One of Gora’s unique tools is the DeFi Risk Oracle, which allows lenders to offer customized loan options based on individual borrower risk profiles. This innovation addresses the limitations of traditional cookie-cutter DeFi loan terms.
The infrastructure of Gora Network is built with decentralization at its core. A geographically distributed network of node operators ensures data integrity by validating information before it is added to the blockchain. Multiple data sources are utilized to prevent data manipulation or errors, with the goal of incorporating as many sources as possible for robust validation.
Gora Network initially began on Algorand but has since expanded to EVM-compatible chains to adapt to the diverse DeFi landscape. The recent launch of the ERC-20 token plays a critical role in incentivizing network participation and facilitating the exchange of information between the real world and the blockchain.
Looking to the future, Brookins envisions a dynamic data marketplace where users can offer their information for rewards. He also sees decentralized identities revolutionizing the industry by streamlining DeFi transactions through verifiable data.
While Gora Network is currently focused on DeFi, artificial intelligence, and computing, the team remains open to exploring any data needs within the Web3 space. Their goal is to become the leading source for onchain data.
For more information about Gora Network, visit their website. Please note that Cointelegraph does not endorse any specific content or products mentioned in this article. Readers are encouraged to conduct their own research before making any decisions related to the company.