Redstone is a cloud based provider of Oracle data.
Caduceus will implement redstone’s price oracles in order to provide its client base and user base with a reliable and low cost price feed covering different fields.
Allows your smart contracts to fetch any non-standard data, like volatility, order books or trading volumes.
In comparison to existing oracles, they need to push data to blockchains all the time. Redstone does not need to push data to blockchains all the time and does it in batches in loaded transaction data.
Redstone has a high update frequency
More traditional price feeds are also included.
How it works
Using Redstone is a four step process
- Once it is pulled in, it is then pushed out to the blockchain for verification.
- Once the verificaiton is satisfied, the user can utilize the end data.