FLB
@flb
Deep Dive into Redstone Oracles ($15m+ in Funding) ​ dApps urgently need data feeds that are timely, reliable, and secure. Enter RedStone Oracles, a top-tier provider stepping up to meet this demand. Trusted by 100+ dApps and securing billions in value, RedStone offers customizable, cost-efficient data streams. Beyond dApps, RedStone supplies data feeds to blockchains and layer 2 scaling solutions, compatible with both EVM and non-EVM systems. 🧵/
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FLB
@flb
The Problems RedStone Solves ​ Problem #1: Standard data delivery is inefficient and costly. • Data is often pushed to the blockchain regardless of usage, inflating costs. ​ Solution RedStone provides data on-demand, cutting the costs of 'on-chain' data. Data is stored off-chain and fetched when needed. For data integrity, RedStone uses Arweave's decentralized storage, ensuring tamper-proof historical data. RedStone boosts efficiency and slashes costs for dApps accessing data feeds. ​ Problem #2: The usual monolithic structure of oracles limits scalability.​ • A consequence is that makes it challenging for protocols to reduce latency/list new assets. ​ Solution​ RedStone was designed with a modular architecture making it easy to incorporate new assets/reduce latency, allowing dApps to scale more efficiently. This means constructing the oracle in such a way that its various components—such as data sources and delivery methods—can be easily updated without disrupting overall functionality.
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