Along with other things, the ORAO network strives to increase reliability, reduce data redundancy, run network diagnostics, and enhance productivity. Overall, the goods contribute to the network’s improvement. It also helps perpetuate blockchain protocols such as smart contracts with hard data, similar to other oracles.
TRON was among the most forward-thinking ventures, eager to benefit from Ethereum’s errors, which resulted in scaling issues and high processing fees. DeFi has essentially been restricted to high-profile people who can pay the high processing costs due to high petrol prices.
This is in sharp opposition to DeFi’s stated goal of providing financial options to all. TRON is in a good spot to cater the need for fast, scalable, and accessible blockchain networks. ORAO has seen this potential and is excited to venture into the blockchain space and assist in the development of next-generation analytics tools.
Nikola Strahija, founder of ORAO stated:
“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.”
He went on to reveal his excitement in partnering with TRON, describing it as a quickly expanding organization and a platform that is easily accessible by anyone. TRON’s founder, Justin Sun, has also hailed the launch of the new venture using Tron blockchain network. Sun has gone on to say that struggling networks have managed to sabotage the DeFi target.
“DeFi and crypto should not be limited to high net worth portfolios who can afford congestion pricing.”
He also said that Ethereum’s recent collapse has prompted big ventures to move to Tron. While Ethereum continues to fail, creative platforms such as Tron continue to draw developers, investors, and critical projects. They are jointly assisting in the industry’s transition to a modern financial epoch.