Introducing Orakl Network(2): Features & Roadmap
2 min readApr 20, 2023
TL;DR
- Orakl Network is launching a Blockchain Oracle on the Klaytn network in 2023 with basic functionalities.
In our ‘previous article’, we explored why Klaytn network was chosen by Orakl Network for its initial launch. In this second article, we will discuss the features, characteristics, and roadmap of Orakl Network.
Features
Orakl Network provides the following basic features with plans to expand functionality as future services require them:
- VRF (Verifiable Random Function)
- Data Feed
- Request-response
Burning Fees ($KLAY)
Orakl Network charges fees in a networks native token. $KLAY for the Klaytn network, and a portion of the collected $KLAY will be burned. The exact fee model, burn rate, and schedule will be announced before the official launch.
Roadmap
Q1 2023 -> Completed!
- Launch Website & Release Development Guidelines
- Klaytn (Baobab) Testnet Alpha Release
- VRF / Request-response / Data Feed (>10 Cumulative Data Feeds)
Q2 2023
- Conduct Smart Contract Audit
- Release Node Operator Onboarding Documentation
- Publish Orakl Network Whitepaper
- Klaytn (Cypress) Mainnet Closed-Beta Release
Q3 2023
- Provide over 20 Cumulative Data Feeds
Q4 2023
- Provide over 30 Cumulative Data Feeds
For any other Orakl Network support inquiries or if you would like to join the team, please reach out to business@orakl.network
