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!

Twitter | Discord | Website | Github | Linkedin

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!

Twitter | Discord | Website | Github | Linkedin