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

Algoracle is a forward-thinking company shaping the future of oracle solutions. Algoracle allows users to receive accurate up-to-date real-time data via a decentralized oracle network.

Algoracle is a forward-thinking company shaping the future of oracle solutions. Algoracle allows users to receive accurate up-to-date real-time data via a decentralized oracle network. 

When developing this oracle network the Algoracle engineering team was searching to build this unique network on top of a rare green Blockchian that set a target of being climate neutrality and carbon efficient. This is why Algorand would become the perfect choice for the Algoracle network.

Algorand is one of the few Blockchains leading the way by using a carbon-neutral pure proof of stake blockchain. While blockchain networks like Bitcoin race to align their heavy energy usage, thanks to Elon Musk who's prominent viral tweet announcing that Tesla would no longer accept payments from Bitcoin, a network that produces 36.95 megatons of CO2 annually and that Musk is now looking for alternative networks that “use <1% of Bitcoin’s energy per transaction.”

The transactions and digital asset creation on Algorand result in magnitudes less CO2 emissions, with initial analysis demonstrating around 2 million times less and the Algorand network does not trade sustainability for security, scalability nor decentralization. Following this carbon-neutral approach, Algoracle knows that eco-friendly sustainability is key to ensuring the long-term success of its project roadmap.

Algorcale’s primary infrastructure to build on Algorand’s environmental goals. 

Algoracle is a unique abstraction layer decentralized oracle that enables universally connected decentralized node networks, to securely interact as independent sources to provide critical off-chain. Real-time network exchanges include accurate and up-to-date weather, Sports, Stocks, and Crypto pricing data to complete the smart chain contracts. 

Algoracle has added sustainability practices into its system model and will be embracing more partnerships to capture carbon emissions. Carbon neutrality is just one of the many modules that Algoracle brings to decentralized real-time data networks.

As Climate change remains a global problem, the Algoracle team understands that individual decentralized networks have a significant role to play in today’s carbon-constrained environment. As Algoracle continues to grow and provide better real-time data for its users, it plans to be committed early to carbon neutrality, efficiency and will partner with those that will help them achieve a cleaner world. 

If you are interested in learning more about the company’s real-time data solutions or want to be a node provider, join Algorand’s discord community: https://discord.gg/Pe8rwyPvKp











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