Redstone has launched a new Oracle service called Redstone Bolt, designed to offer near-instructive price updates to decentralized applications.
The product is live on the Megaeth Testnet and is specifically designed for block chains that process data with high speeds, such as Megaeth, which focuses on 100,000 transactions per second, according to a memorandum shared with crypto.news.
Oracles are tools that send data from practice, such as asset prices, to block chains, where smart contracts can use them to make decisions. Many existing oracles use a slower, “pull” model where smart contracts request data.
Redstone Bolt uses a “push” model that sends updates automatically and faster, reducing the delay between market price changes and when they appear on the chain.
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Real -time performance data
Bolt is built for real -time performance. It can update the price data every 2.4 milliseconds, compared to the intervals of 10 seconds in the existing feeds from Redstone (Rode). This speed is needed for new block chains such as Megaeth, where blocks are made every 10 milliseconds.
Because Redstone Bolt uses the push model, it can work with many existing Defi protocols without having to change their code or go through new audits.
The system streams data directly from centralized fairs, collects it and supplies it almost immediately to the chain. This is intended to support Defi apps that depend on current prices to prevent risks such as flash loan attacks or incorrect liquidations.
Redstone Bolt is now available on the Megaeth Testnet. Developers who build on the chain can test real -time data flows and start integrating the Oracle without extra technical work.
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