RedStone, a leading provider of blockchain data solutions, has introduced a new oracle service called RedStone Bolt. This innovative tool is designed to deliver near-instant price updates to decentralized applications (dApps), addressing the growing demands of high-speed blockchains.

High-Speed Data for High-Speed Blockchains

RedStone Bolt is currently live on the MegaETH testnet, a blockchain designed to handle up to 100,000 transactions per second. The oracle service aims to complement such high-performance networks by providing real-time data updates that match their speed.

Oracles play a crucial role in blockchain ecosystems by bringing real-world data, such as asset prices, onto the blockchain. This data is then used by smart contracts to execute decisions automatically. Unlike traditional oracles that rely on a slower “pull” model—where smart contracts request data on demand—RedStone Bolt employs a faster “push” model. This approach minimizes delays by automatically sending updates to the blockchain as soon as they are available.

Enhanced Real-Time Performance

RedStone Bolt is designed for real-time performance, making it particularly suitable for new-generation blockchains like MegaETH. It can update price data every 2.4 milliseconds, a significant improvement over the 10-second intervals seen in RedStone’s existing data feeds. This rapid update capability aligns with MegaETH’s block creation rate of every 10 milliseconds, ensuring that dApps have the most current market data available.

Key Benefits of RedStone Bolt

One of the standout features of RedStone Bolt is its ability to integrate seamlessly with existing DeFi protocols. Because it uses the push model, developers can adopt the service without modifying their code or undergoing additional audits. This makes it highly accessible for teams looking to enhance their applications with real-time data.

The system works by streaming data directly from centralized exchanges, aggregating it, and delivering it on-chain almost instantly. This rapid delivery is essential for DeFi applications that depend on accurate and up-to-date pricing to mitigate risks such as flash loan attacks or incorrect liquidations.

Availability and Integration

RedStone Bolt is currently available on the MegaETH testnet, allowing developers to test its capabilities and integrate it into their projects. The service is designed to simplify the process of incorporating real-time data, reducing the need for additional engineering work.

“RedStone Bolt is a game-changer for DeFi applications that rely on precise and timely market data to operate efficiently.”

As the demand for high-speed blockchain solutions continues to grow, tools like RedStone Bolt are expected to play a pivotal role in supporting the next generation of decentralized applications.

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