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ShojaieEmbarking on the RedStone Expedition: A Journey of Innovation and Rewards
RedStone, the pioneering Oracle system that first made waves on Alpha Drops, is unveiling a thrilling odyssey — the RedStone Expedition. This remarkable venture invites the crypto community to engage in three seasons of excitement and rewards, with each season spanning a duration of 2 to 3 months.RedStone Gems (RSG): The Heartbeat of the ExpeditionCentral to this adventurous journey are RedStone Gems (RSG), serving as the cornerstone of the expedition. These gems act as secure activity points...
ShojaieDecentralized Autonomous Organization (DAO) - DE
DAO ist eine Organisation, die nicht von einer bestimmten Person oder Gruppe regiert wird und autonom und dezentral geführt wird. Dao ist keine physische Organisation, sondern eine Internetorganisation, deren Mitglieder Benutzer aus der ganzen Welt sein können. In einer einfachen Definition ist Dao ein Ansatz zur Führung der Organisation, bei dem jedes Mitglied der Gruppe, unabhängig von Position , das gleiche Recht hat, Änderungen vorzunehmen. Jedes Dao hat einen oder mehrere Entwickler, die...
ShojaieNavigating the Integration of RedStone: Safeguarding Against Front-Running
In the dynamic landscape of blockchain technologies, RedStone X emerges as a fortress against front-running attacks through its ingenious implementation of deferred transaction execution. Let's delve into the process of seamlessly integrating RedStone X, ensuring enhanced security and resilience against potential vulnerabilities.1. Smart Contracts: A Strategic RefactoringThe integration journey kicks off with a strategic refactoring of your smart contracts, particularly in the execution ...
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ShojaieEmbarking on the RedStone Expedition: A Journey of Innovation and Rewards
RedStone, the pioneering Oracle system that first made waves on Alpha Drops, is unveiling a thrilling odyssey — the RedStone Expedition. This remarkable venture invites the crypto community to engage in three seasons of excitement and rewards, with each season spanning a duration of 2 to 3 months.RedStone Gems (RSG): The Heartbeat of the ExpeditionCentral to this adventurous journey are RedStone Gems (RSG), serving as the cornerstone of the expedition. These gems act as secure activity points...
ShojaieDecentralized Autonomous Organization (DAO) - DE
DAO ist eine Organisation, die nicht von einer bestimmten Person oder Gruppe regiert wird und autonom und dezentral geführt wird. Dao ist keine physische Organisation, sondern eine Internetorganisation, deren Mitglieder Benutzer aus der ganzen Welt sein können. In einer einfachen Definition ist Dao ein Ansatz zur Führung der Organisation, bei dem jedes Mitglied der Gruppe, unabhängig von Position , das gleiche Recht hat, Änderungen vorzunehmen. Jedes Dao hat einen oder mehrere Entwickler, die...
ShojaieNavigating the Integration of RedStone: Safeguarding Against Front-Running
In the dynamic landscape of blockchain technologies, RedStone X emerges as a fortress against front-running attacks through its ingenious implementation of deferred transaction execution. Let's delve into the process of seamlessly integrating RedStone X, ensuring enhanced security and resilience against potential vulnerabilities.1. Smart Contracts: A Strategic RefactoringThe integration journey kicks off with a strategic refactoring of your smart contracts, particularly in the execution ...
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In the ever-evolving landscape of blockchain networks, the concept of cross-chain technology has become paramount, fostering the exchange of information and value between diverse blockchain ecosystems. RedStone, a prominent player in the Web3 arena, addresses the challenge of creating cross-chain oracles, distinguishing itself by steering away from conventional storage contracts and adopting a distinctive approach for unparalleled scalability.
The Challenge: The notion of cross-chain oracles raises a fundamental question: how can oracles seamlessly provide the same data to different blockchains simultaneously? Traditionally, oracles, responsible for data provision, face hurdles in achieving cross-chain functionality due to the complexities associated with integrating and working with multiple networks concurrently. Storage contracts, while useful for maintaining up-to-date values for smart contracts, pose scalability challenges and often limit the scope of current oracle implementations to a single network.
Storage Contracts Bypassed: RedStone, in its pursuit of building truly cross-chain oracles, makes a pivotal decision—eschewing the use of storage contracts. This strategic move plays a crucial role in unlocking unparalleled scalability, addressing the limitations imposed by traditional oracle implementations.
Chain-Specific Connectors: The solution lies in the implementation of chain-specific connectors, applied both on the contract and client sides. These connectors enable the provision of data to smart contracts by addressing the challenges associated with native communication and the absence of contracts holding necessary information.
Contract-Side Functionalities: RedStone introduces its own contract, designed to be inherited by user contracts. Within this contract, four key functionalities are integrated:
Data extraction from calldata.
Data provider validation.
Timestamp validation.
Aggregation of data from multiple providers.
Client-Side Library: On the client side, RedStone presents a library focused on ethers.js, functioning as a wrapper on a contract instance. This library fetches information from the RedStone cache layer, appending it to the end of transaction calldata during interactions with the wrapped contract. Subsequently, the transaction, now enriched with additional data, is transmitted to the contract. If the contract is extended by RedStone's contract, it can extract and utilize the information for various on-chain purposes.
The whole process described above is presented on the graph:
RedStone firmly believes that eliminating storage contracts marks the path forward in constructing the next generation of oracles, inherently designed for cross-chain functionality and unmatched scalability. While the process of passing data to contracts sets RedStone apart, it's only one facet of what distinguishes them from other oracle providers. For a deeper understanding of RedStone's innovative approach, explore their other articles and stay tuned to their social channels for continuous insights. Join the journey as RedStone pioneers the future of cross-chain oracles.
Join them on the journey to build the next generation of Oracles!
In the ever-evolving landscape of blockchain networks, the concept of cross-chain technology has become paramount, fostering the exchange of information and value between diverse blockchain ecosystems. RedStone, a prominent player in the Web3 arena, addresses the challenge of creating cross-chain oracles, distinguishing itself by steering away from conventional storage contracts and adopting a distinctive approach for unparalleled scalability.
The Challenge: The notion of cross-chain oracles raises a fundamental question: how can oracles seamlessly provide the same data to different blockchains simultaneously? Traditionally, oracles, responsible for data provision, face hurdles in achieving cross-chain functionality due to the complexities associated with integrating and working with multiple networks concurrently. Storage contracts, while useful for maintaining up-to-date values for smart contracts, pose scalability challenges and often limit the scope of current oracle implementations to a single network.
Storage Contracts Bypassed: RedStone, in its pursuit of building truly cross-chain oracles, makes a pivotal decision—eschewing the use of storage contracts. This strategic move plays a crucial role in unlocking unparalleled scalability, addressing the limitations imposed by traditional oracle implementations.
Chain-Specific Connectors: The solution lies in the implementation of chain-specific connectors, applied both on the contract and client sides. These connectors enable the provision of data to smart contracts by addressing the challenges associated with native communication and the absence of contracts holding necessary information.
Contract-Side Functionalities: RedStone introduces its own contract, designed to be inherited by user contracts. Within this contract, four key functionalities are integrated:
Data extraction from calldata.
Data provider validation.
Timestamp validation.
Aggregation of data from multiple providers.
Client-Side Library: On the client side, RedStone presents a library focused on ethers.js, functioning as a wrapper on a contract instance. This library fetches information from the RedStone cache layer, appending it to the end of transaction calldata during interactions with the wrapped contract. Subsequently, the transaction, now enriched with additional data, is transmitted to the contract. If the contract is extended by RedStone's contract, it can extract and utilize the information for various on-chain purposes.
The whole process described above is presented on the graph:
RedStone firmly believes that eliminating storage contracts marks the path forward in constructing the next generation of oracles, inherently designed for cross-chain functionality and unmatched scalability. While the process of passing data to contracts sets RedStone apart, it's only one facet of what distinguishes them from other oracle providers. For a deeper understanding of RedStone's innovative approach, explore their other articles and stay tuned to their social channels for continuous insights. Join the journey as RedStone pioneers the future of cross-chain oracles.
Join them on the journey to build the next generation of Oracles!
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