Orakl Network

Organization Name – Orakl Network

Category – Data & Analytics

About

powered by irmaAI

Orakl Network is a decentralized-oracle infrastructure from Singapore that transforms raw, off-chain information—prices, sensor readings, custody balances, web APIs—into cryptographically verifiab…le inputs any smart contract can trust. Formed in February 2023 under Bisonai Pte Ltd, the project emerged from the insight that blockchains are deterministic silos: they execute flawlessly, yet remain blind to the real-world data most applications require. Orakl closes that gap with a high-throughput oracle layer designed for security, speed, and transparent economics.
A service mesh for data-hungry dApps
• Data Feeds. A decentralized network of staked validators aggregates and signs reference prices, rate curves, and other time-series metrics, then pushes them on-chain at sub-second latency.
• Verifiable Randomness (VRF). Elliptic-curve proofs generate provably unpredictable numbers for NFT minting, on-chain gaming, and lottery draws—eliminating off-chain roll risks.
• Request-Response. Contracts can call arbitrary HTTP/GraphQL endpoints, run off-chain transforms, and receive signed results in a single round trip, enabling use-cases like sports-bet settlement, identity proofs, or dynamic NFTs.
• Proof of Reserve. Automated wallets and indexers attest to real-time reserve ratios behind wrapped assets and stablecoins, giving exchanges and auditors an immutable audit trail.
Each module is architected as a plug-in: developers integrate only what they need, sandboxing risk and minimizing gas.
Validators must stake $ORAKL to participate; accurate reporters earn feed fees, while dishonest actors face automatic slashing. Updates are multi-signed and aggregated with BLS signatures for gas efficiency, then stored alongside Merkle proofs so anyone can independently verify data integrity. A watchdog subnet tracks validator uptime, stake concentration, and feed deviation in real time, triggering quorum freezes and DAO alerts when anomalies surface.
Orakl contracts already secure applications on Ethereum Mainnet, Base, and several L2 testnets; expansions to Avalanche, Arbitrum, TON, and non-EVM chains are slated for 2025. The open-source SDK handles ABI generation, subscription management, and off-chain computation calls so builders can go live in minutes.
While Bisonai bootstrapped the core protocol, control is migrating to the Orakl DAO. Token-holders propose and vote on feed additions, validator-set changes, and fee schedules. A grant programme funds oracle research at partner universities and subsidizes integrations for emerging DeFi, GameFi, and RWA platforms. Hackathons and validator bootcamps nurture a growing community that stretches from Seoul to San Francisco.
On 6 December 2024 Orakl Network earned VaaSBlock’s RMA™ (Risk Management Authentication) badge, a six-pillar certification that scrutinized corporate governance, planning, results delivered, team proficiency, technology, and security. The audit validated Orakl’s layered defense model and reinforced its reputation among institutional users and insurers.
As smart contracts govern ever-larger pools of capital and real-world assets, oracles become the systemic risk vector most likely to break the promise of decentralization. Orakl Network’s vision is to make that vector as robust as the blockchains themselves—delivering fast, verifiable, and economically aligned data so developers can build automated markets, global games, and compliance-ready financial instruments that interact seamlessly with the physical world. By turning trust-based information into mathematically provable truth, Orakl is laying the connective tissue for a truly programmable economy.








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