# Introduction RedStone 

*RedStone is an Oracle that delivers frequently updated, reliable, and diverse data feeds for your dApp and smart contracts on multiple L1s & L2s.*

By [perldao](https://paragraph.com/@furi) · 2023-11-21

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![](https://storage.googleapis.com/papyrus_images/bf4fcfec3ba23de2976a56ac5d8cfbcc.png)

### Why we build another Oracle system[​](https://docs.redstone.finance/docs/introduction#why-we-build-another-oracle-system)

*   Pushing data on-chain regardless of whether it is used or not is a huge waste of resources
    
*   Obsolete and monolithic architecture limits scalability (it's hard to list new assets or reduce latency)
    
*   Protocols cannot fully decide on trusted sources and data update conditions
    
*   End-users are fully dependent on relayers and could be cut off from the service
    

### Solution[​](https://docs.redstone.finance/docs/introduction#solution)

RedStone offers a radically different design of Oracles catering to the needs of modern DeFi protocols.

*   Data providers can avoid the requirement of continuous on-chain data delivery
    
*   Allow end users to self-deliver signed Oracle data on-chain
    
*   Use the decentralized Streamr network to deliver signed oracle data to the end users
    
*   Use token incentives to motivate data providers to maintain data integrity and uninterrupted service
    
*   Leverage the Arweave blockchain as cheap and permanent storage for archiving Oracle data and maintaining data providers' accountability
    

Key facts[​](https://docs.redstone.finance/docs/introduction#key-facts)
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*   The [modular architecture](https://docs.redstone.finance/docs/smart-contract-devs/how-it-works#data-flow) maintains [data integrity](https://docs.redstone.finance/docs/smart-contract-devs/how-it-works#data-format) from source to smart contracts
    
*   There are [3 different ways](https://docs.redstone.finance/docs/smart-contract-devs/how-it-works#3-ways-to-integrate) to integrate our service tailored to your needs
    
*   We provide feeds for more than [1000 assets](https://app.redstone.finance/#/app/tokens) integrating [~50 data sources](https://app.redstone.finance/#/app/sources)
    
*   We are present on [20+ chains](https://showroom.redstone.finance/)
    
*   RedStone has been supporting [DeltaPrime](https://deltaprime.io/) since March 2022 and has been live on mainnets since January 2023. Our code was audited by multiple security experts including ABDK, Peckshield and L2Beat Co-Founder.
    
*   RedStone was a launch partner for [DeltaPrime](https://deltaprime.io/) on Avalanche and delivered data feeds not available anywhere else. Thanks to that DeltaPrime became the top 3 fastest growing dApps according to DefiLama.
    

![](https://storage.googleapis.com/papyrus_images/b6863e80614c3f71903666c23946ae98.png)

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](https://raw.githubusercontent.com/redstone-finance/redstone-docs/main/static/img/redstone-architecture-simple.png)Source : [https://docs.redstone.finance/docs/introduction](https://docs.redstone.finance/docs/introduction)

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*Originally published on [perldao](https://paragraph.com/@furi/introduction-redstone)*