RedStone (REDSTONE)

RedStone (REDSTONE) is a cross-chain oracle designed for decentralized applications (dApps) that delivers high-frequency data with inherited security to the destination chain. It is tailored to support new and established dApps launching on various Layer 1 and Layer 2 solutions, including ZK and Optimistic L2s and roll-ups. RedStone offers three Oracle models designed to cater to data consumption needs with cryptographic security guarantees.

RedStone’s modular architecture enables it to adapt to the latest blockchain industry trends swiftly. It is known for its best security practices and the ability to deliver non-standard data, such as liquidity providers and staked tokens. Notable supporters, including Stani Kulechov (Aave & Lens Founder and CEO) and Sandeep Nailwal (Polygon Co-Founder), have endorsed RedStone for its compatibility with cutting-edge Layer 2 scaling solutions, gas cost optimizations, and quick response to market trends.

RedStone distinguishes itself from other centralized and less scalable Oracle solutions by providing permissionless, scalable, and customizable services. It also ensures accountability through its data provider’s track record, which is publicly available on Arweave, and offers insurance against downtime or incorrect data. RedStone aims to empower developers by providing them with fast, cost-efficient, versatile, accountable, decentralized, and insured oracles that meet the data needs of innovative protocols and projects in the Web3 ecosystem.