A tale of two RedStones-Coexist Confirmed
Last updated
Last updated
The Oracles RedStone and DA-Challenge RedStone decides to Coexist!
RedStone Oracles stands as a modular oracle system, bridging the gap between blockchain networks and off-chain data sources. Oracles serve as intermediaries, facilitating communication between smart contracts and external systems. Whether it’s rainfall data, election results, or financial metrics, RedStone Oracles ensure that decentralized applications (dApps) have access to accurate and diverse data.
What sets RedStone Oracles apart? Their innovative approach involves storing non-standard data on Arweave, a blockchain designed for cost-effective data retention. By delivering this data to all EVM-compatible chains, RedStone Oracles empower developers to create more robust and versatile applications. Gas-optimized data feeds across 50+ chains and rollups make them a trusted choice for projects like Morpho, Pendle, and Venus.
Since its Mainnet launch in January 2023, RedStone Oracles has secured a staggering $2 billion, thanks to investments from Lemniscap, Blockchain Capital, and other prominent VCs and angels.
Redstone Chain, on the other hand, emerges from the Lattice team’s vision. Built to house applications developed using the MUD framework, Redstone Chain serves as the home for onchain worlds, games, and apps. Its secret sauce lies in the op-plasma DA protocol, a cost-effective solution for Layer 2 transactions.
How does it work? Redstone Chain operates like a traditional optimistic rollup, but with a twist. Instead of posting the input state directly to Layer 1 (L1), it generates a data commitment hash. This approach ensures scalability and efficiency, making it ideal for the next wave of onchain experiences.
Redstone Chain’s alignment with Ethereum is crystal clear. It doesn’t rely on permissioned DA councils or external services. Anyone can verify its validity right from Ethereum L1. The ongoing Holesky testnet hosts MUD games, offering a glimpse into the future of onchain technology.
Despite their distinct roles, RedStone Oracles and Redstone Chain have chosen to coexist harmoniously. Their similar names reflect a shared belief in the collaborative spirit of web3. As different teams, they cheer each other on, knowing that their combined efforts contribute to a decentralized future.
So, whether you’re seeking reliable data feeds or exploring onchain realms, remember that RedStone Oracles and Redstone Chain are there, weaving the fabric of a more interconnected and vibrant blockchain ecosystem. 🌐🔗
