This project has been heavily promoted by Binance previously, and recently its speed has broken historical records. This article will not discuss CX tokens but will focus on technological principles; while purchases are not mandatory, understanding is advised.
➣ RedStone fundamentals
- Let me briefly explain to newcomers that DeFi projects or public chains need 'oracles' to provide accurate token price data for normal operation. @redstone_defi is among the leading projects, and here are its achievements.
- Provides price feed services for over 70 blockchains and Rollups including ETH/BNBChain/TON/ARB.
- Secures over $6 billion in TVL.
- Chosen by over 130 projects including Morpho / Venus / Spark / Compound / Pendle.
➣ What is RedStone Bolt?
- Background knowledge: @megaeth_labs is known as 'real-time Ethereum' capable of processing 100,000 transactions per second.
- RedStone launched the industry's first sub-second push oracle, RedStone Bolt, which is now deployed on the MegaETH testnet, achieving real-time on-chain price updates every 2.4 milliseconds, or 400 updates per second.
- RedStone Bolt's speed surpasses Ethereum mainnet push oracles by 576,000 times.
- Quoting an industry practitioner: 'This is the biggest breakthrough in blockchain oracle architecture since 2017,' perfectly matching the ultra-high frequency of MegaETH block generation, laying the foundation for real-time DeFi experiences.
➣ How is this technically achieved?
- Reduced physical distance: Bolt nodes and MegaETH sequencer nodes are deployed at the same location to minimize latency.
- Direct connection to exchanges: Price data is fetched in real-time from mainstream trading platforms such as Binance / Coinbase / OKX / Bitget / Kraken and provided.
- High-speed gateway transmission: Data streams are synchronized to nodes via a high-speed gateway.
➣ What does this have to do with me?
- RedStone's$RED As a token from the recent TGE, it debuted at its peak, being launched directly on #Binance spot market, and also simultaneously listed on other leading platforms like Coinbase.
- After this update, what can be expected is that, as one of the most important infrastructures in the blockchain world, its recognition and industry acknowledgment will further improve, possibly leading to speculation in conjunction with market makers.
- Teams or individuals with development capabilities can also integrate and experience real-time price feeds, or explore arbitrage opportunities.
