#REDstone
RedStone Oracle Analysis: Deep Dive into the Next Generation Oracle in DeFi and RED Token’s Explosive Potential
Did you know? In the DeFi ecosystem, there’s an important yet often overlooked infrastructure—oracles. These oracles serve as bridges between the blockchain world and the external world, providing various external data to ensure smart contracts can function properly. This article introduces a rapidly rising oracle star—RedStone.
What is RedStone?
RedStone is a rapidly growing “modular blockchain oracle provider” that specializes in delivering various data feed services for blockchain applications. It employs an innovative architectural design that stores data off-chain and retrieves it on demand, reducing operational costs while improving system scalability. RedStone’s most distinctive feature is its simultaneous support for both Push and Pull oracle models, with the ability to operate on more than 70 blockchains, including both EVM and non-EVM ecosystems.
