Redstone Oracles are now Powering Dapps on Evmos!
We are excited to share that RedStone now provides the Evmos community with a cutting-edge oracle solution for the applications within the Evmos ecosystem! In this blog post, we highlight the unique attributes that RedStone offers.
The RedStone team is focused on providing the most diversified access possible; applications will be able to interact with data regarding cryptocurrencies, NFTs, equities and much more! It doesn’t stop there as RedStone can also provide custom data feeds tailored specifically to your application’s use cases so if you need any kind of non-standard data, feel free to reach out to the RedStone team. The infrastructure is cross-chain by design– it works on all EVM compatible chains and has already been successfully integrated by some non-EVM chains as well, including current development on Stacks.
RedStone developers have all three of the blockchain trilema’s properties at heart: security, decentralization, and scalability, and have built their oracle solution with several unique design elements. First, multiple data sources are aggregated to prevent oracle manipulation. Second, the data is stored in a decentralized cache layer, which is powered by the Streamr Network and light RedStone cache gateways. This architecture unlocks higher throughput while limiting network congestion at the same time.
In addition to building an easy-to-integrate oracle provider by allowing users to query data in a single transaction, the RedStone team has extended easy integration for new developers. The data is transferred to the EVM via a mechanism based on a meta-transaction pattern, which makes dApp integration magnitudes simpler and more time efficient. The information integrity is verified on-chain through cryptographic signature checking.
We are looking forward to the distinct accessibility and features that RedStone will provide to Evmos users and application developers. Simplifying EVM app development is at the core of the Evmos mission, and integrating RedStone is a step further in this direction.
Evmos is an Ethereum Virtual Machine–based blockchain in the Cosmos ecosystem and enables developers to launch apps that run smart contracts across any number of EVM- and Cosmos-based blockchains. It makes that process as simple and seamless as possible by allowing developers to continue creating apps in Solidity and Vyper like they’re accustomed to in the Ethereum ecosystem. Evmos opens a new frontier for blockchain applications, expanding the functionality of the EVM by enabling cross-chain applications that tap the liquidity and user bases of multiple blockchain ecosystems to provide a more unified experience.
Follow our journey below
💻 Developer Documentation: https://evmos.dev/
👾 Official Discord: https://discord.gg/evmos
🐙 GitHub: https://github.com/tharsis/evmos
🕊 Twitter: https://twitter.com/EvmosOrg
📯 Telegram: @EvmosOrg
📄 Medium: https://evmos.blog/
🖥 Evmos Website: https://evmos.org