- PRDots
- August 7, 2023
Goracle Rebrands to Gora, a Decentralized Oracle Network
![Goracle Rebrands to Gora, a Decentralized Oracle Network](https://mudhalummudivum.com/wp-content/uploads/2023/08/1691429324378_file_gora.jpg)
You may remember Gora started off as Algoracle, before rebranding to Goracle in May 2022. The new name — Goracle — reduced confusion with Algorand, was easier to pronounce, and clearly identified what we did — an oracle service.
With the network now on mainnet, thousands of participants in the community, and enough history to see the thousands of interactions various communities had with our brand, its time to take another major step forward in our journey and have our name reflect the essence of what we do.
Why Gora?
In Sanskrit, “Gora” means “mountain” or “elevated.” We chose this name as it symbolizes the strength, stability, and solidity of our platform, while retaining the core of what people have come to know us as.
More than just an Oracle
The Gora network is a more than just a traditional Oracle. Decentralized applications can use the network to run off-chain computations, or store larger amounts of data. Data that is retrieved, like megabytes worth of sports data, can be transformed and stored, before committing only the required data on chain. This allows for applications currently using web2 back-ends to truly decentralize, and eliminate the need for infrastructure that makes up for the shortcomings of traditional layer-1/2s.
Contact Details –
Name : Antony Jackson
Email : [email protected]
Phone Number : 7397349813
Company Name : Thenewscrypto
City : Bangalore
Country : India