SAN FRANCISCO, CA / ACCESSWIRE / May 10, 2021 / ORAO has announced plans to launch general data products on TRON, one of the largest and most popular blockchain protocols in the world. ORAO is a blockchain agnostic oracle platform built to support any number of chains, from Polkadot and Ethereum to Elrond, TRON and others chains as markets grow. In addition ORAO uses a proactive rating system to judge data as it is submitted, meaning bad and malicious data never makes it to the buyer in the first place. This is a significant improvement over current oracle solutions, which can only detect issues and punish data providers after their bad data has already been delivered and executed upon.Their general data oracles provide a large variety of secure data at high speeds, for everything from local weather data to the outcome of football matches and elections.
"One of the key strengths of ORAO are our Predefined Data Protocols, which greatly expand the variety of data products that providers can offer. However, while they make for fantastic flexibility, the fact remains that many of the data products they support would not be economically viable on a platform that is mired in congestion issues," said Nikola Strahija, founder of ORAO. "TRON is rapidly growing into a powerhouse in the market, we are excited to be working with them to make our services available on a network that is accessible to all."
The incredibly punishing transaction costs and increasing congestion on Ethereum is pricing out many projects and investors. There is a growing need for a fast, scalable and affordable base layer solution and TRON is aptly positioned to step up and solve this pressing issue. The TRON ecosystem is a fantastic point of expansion for the ORAO network. In addition to opening the door to non-financial data products and more detailed data protocols, ORAO is blockchain agnostic, meaning that their oracles will also be able to provide data from other chains to TRON users.
"DeFi and crypto should not be limited to high net worth portfolios who can afford congestion pricing. We are seeing a rising trend of many top Ethereum projects moving to TRON" said Justin Sun founder of TRON and CEO of BitTorrent. "We are thrilled for ORAO to join the TRON Network and reap the benefits of a fast, affordable and agile network."
About ORAO
ORAO is a data-agnostic oracle network that supports multiple blockchains, providing proactive data rating and compute capabilities.
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About TRON
TRON is dedicated to accelerating and the decentralization of the internet through blockchain technology and decentralized applications. Founded in September 2017 by Justin Sun, the company has delivered a series of achievements, including MainNet launch on May 2018, network independence on June 2018, and TRON Virtual Machine launch on August 2018. July 2018 also marked the acquisition of BitTorrent, a pioneer in decentralized services boasting approximately 100M monthly active users.
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SOURCE: TRON