RedStone is a modular oracle platform designed to provide fast, accurate, and cost-effective data feeds for decentralized applications (dApps). Unlike traditional oracles that push data to the blockchain at fixed intervals, RedStone uses an on-demand data retrieval approach, storing cryptographically signed data off-chain and delivering it to smart contracts only when needed. This approach improves efficiency and significantly reduces costs for dApps. RedStone’s modular architecture allows for easy integration of new assets and reduced latency, enabling dApps to scale more effectively.
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