If you are an active web-3 user, then you have probably heard of such a concept as oracle. No, this is not a character from Dota 2, as many might have thought. In the context of blockchain, oracle is a service that provides data to the blockchain from the outside world, namely the value of certain cryptocurrencies.

There are two types of oracles: modular and monolithic. Before we move on to the concept of a “modular oracle”, let's look at the concept of a “monolithic oracle”. The Monolithic Oracle

A monolithic oracle is a system that has a single architecture. All these processes from data collection to their provision in a smart contract are combined into one component. The main representative of the monolithic oracle is Chainlink. All processes take place in a single network, the Decentralized Oracle Network (DON). Because of this, it has low flexibility, limited scalability, and high transaction costs.

The modular oracle. The very concept of a modular oracle implies that it consists of various modules that can work independently and can be replaced if necessary. Redstone is the most important representative of this type of oracle. All its modules can be divided into 3 types:

These are nodes managed by the Redstone team. Nodes receive data from various sources, such as Binance, Coinbase, Uniswap, etc. This data is processed and sent to DDL.

This module receives aggregated data and broadcasts it via Direct Gateways directly to users or via Streamr gateways, but Streamr gateways, unlike Direct Gateways, has an additional function - temporary data storage. All of this is managed by the Streamer network. Another DDR module is Airwave. Airwave archives all data.

There are three ways to integrate into Redstone:

• It is suitable for applications where simplicity and reliability are important.

• RedStone's Push model is designed for applications that require the traditional Oracle model, in which data is placed on the blockchain at longer intervals, providing full control over the data source and update conditions.

• The X model is designed to meet the needs of advanced protocols such as perpetual contracts, options, and derivatives.

Advantages of the modular oracle:

Flexibility and customization

Uninterrupted data transmission, cross-chain interactions

Safety and reliability

Scalability and efficiency

Website: http://redstone.finance

Blog: http://blog.redstone.finance

Twitter:

https://x.com/redstone_defi

If you are an active web-3 user, then you have probably heard of such a concept as oracle. No, this is not a character from Dota 2, as many might have thought. In the context of blockchain, oracle is a service that provides data to the blockchain from the outside world, namely the value of certain cryptocurrencies.

There are two types of oracles: modular and monolithic. Before we move on to the concept of a “modular oracle”, let's look at the concept of a “monolithic oracle”. The Monolithic Oracle

A monolithic oracle is a system that has a single architecture. All these processes from data collection to their provision in a smart contract are combined into one component. The main representative of the monolithic oracle is Chainlink. All processes take place in a single network, the Decentralized Oracle Network (DON). Because of this, it has low flexibility, limited scalability, and high transaction costs.

The modular oracle. The very concept of a modular oracle implies that it consists of various modules that can work independently and can be replaced if necessary. Redstone is the most important representative of this type of oracle. All its modules can be divided into 3 types:

These are nodes managed by the Redstone team. Nodes receive data from various sources, such as Binance, Coinbase, Uniswap, etc. This data is processed and sent to DDL.

This module receives aggregated data and broadcasts it via Direct Gateways directly to users or via Streamr gateways, but Streamr gateways, unlike Direct Gateways, has an additional function - temporary data storage. All of this is managed by the Streamer network. Another DDR module is Airwave. Airwave archives all data.

There are three ways to integrate into Redstone:

• It is suitable for applications where simplicity and reliability are important.

• RedStone's Push model is designed for applications that require the traditional Oracle model, in which data is placed on the blockchain at longer intervals, providing full control over the data source and update conditions.

• The X model is designed to meet the needs of advanced protocols such as perpetual contracts, options, and derivatives.

Advantages of the modular oracle:

Flexibility and customization

Uninterrupted data transmission, cross-chain interactions

Safety and reliability

Scalability and efficiency

Website: http://redstone.finance

Blog: http://blog.redstone.finance

Twitter:

https://x.com/redstone_defi