Oracles are too expensive — That’s about to change
One of the most significant challenges for blockchain projects today is the high cost of setting up and maintaining oracles. The financial burden of deploying a reliable oracle for emerging projects and new chains can be prohibitive. Traditional oracles often require extensive resources, not only for initial deployment but also for ongoing maintenance. Gora Network is addressing this barrier by offering a cost-effective, flexible, and accessible blockchain oracle solution, redefining what’s possible for both small and large projects.
The High Cost of Traditional Oracle Solutions
Building a custom blockchain oracle from scratch is not only time-consuming but also expensive. At a minimum, it can cost between $150,000 to $300,000 to develop a specialized oracle solution. These costs include only the development phase and exclude crucial expenses such as security audits, deployment overheads, and the incentives needed to attract and retain reliable node operators.
These additional layers of expense can drive up the total costs significantly. The result? Many smaller or emerging blockchain projects are priced out of the market for custom oracles and must rely on generic solutions that may not fully meet their needs. Even established projects face the challenge of balancing quality and cost when it comes to obtaining real-time, industry-specific data.
Gora’s Approach: Affordable, App-Specific Oracles
Gora Network is changing the equation by offering self-deployable, app-specific oracles at a fraction of the traditional cost. This solution is designed to be both affordable and adaptable, catering to a wide range of users and industries. By enabling projects to set up oracles with a one-time licensing fee, Gora significantly reduces the financial barrier to entry without sacrificing quality or functionality.
Unlike traditional solutions, which often charge high, ongoing fees, Gora’s self-deployable model minimizes recurring expenses. This setup empowers projects of all sizes — whether they are established blockchain networks or startups on emerging chains — to access custom, industry-specific data feeds. Gora’s approach ensures that cost savings do not compromise the reliability or security of the data.
Why Self-Deployable Oracles Make Sense
The self-deployable nature of Gora’s oracles offers several advantages. First, projects gain the flexibility to customize their oracles to meet their specific data needs, such as high-frequency financial information, sports statistics, or healthcare metrics. This level of customization provides a tailored approach that generic oracles simply cannot match.
Additionally, self-deployment reduces dependency on third-party providers, enabling projects to maintain greater control over their data and expenses. By managing the oracle setup themselves, teams avoid the ongoing fees typically associated with hiring a provider to launch and maintain an oracle on their network.
A Cost-Effective Model for the Future of Blockchain Data
In a rapidly evolving blockchain ecosystem, Gora’s cost-effective, customizable oracle solution addresses a crucial need. By reducing the high upfront and recurring costs of traditional oracles, Gora Network allows more projects to integrate high-quality, app-specific data into their operations. This accessibility not only supports the growth of smaller projects but also encourages innovation across the entire industry by making advanced data solutions more widely available.
With Gora’s solution, blockchain projects no longer have to settle for generic data feeds or face steep financial commitments to access custom oracles. Gora’s model is a practical, forward-looking approach that aligns with the decentralized, inclusive nature of blockchain technology — making specialized data available to all.
In short, Gora Network is setting a new standard for blockchain data accessibility and affordability, enabling any project, regardless of size or budget, to deploy the high-quality, customized data feeds it needs to succeed.
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