Ensuring Data Authenticity and Integrity with Outlier Detection Using Redstone Oracles

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13 Jan 2024
20

Redstone oracle employs a modular design where data is stored in its data availability layer and then made available on-chain to protocols that require those information stored, this makes it easier to move huge packets of data from the already stored data cache to where it is needed, only when needed instead of continuously feeding data onchain, irrespective of whether it's needed or not.

feed with timestamp and block number are made available to smart contracts of DApps 


Integrating Redstone Oracle into DApps

Depending on the contract used by a dApp and the business demand, Redstone Oracle can be integrated in three ways which are represented by these three oracle models; Redstone core, Redstone classic and Redstone X.
The redstone core model is the simplest of the three and is usually injected directly into users transaction (data on demand), hence lowering cost of acquiring the data separately and in doing so, minimize gas cost, the second model, redstone classic is sent directly to protocols in data relayers for their use as they see fit while the third model, the redstone X is reserved for protocols that requires immediate data feeds of assets to avoid front-running of transactions, hence protocols like perpetuals, options and derivatives gets data feeds from the X model in the next block after user's interaction, this means that data availability frequency is at an utmost importance to avoid front-running risks.
Multiple sources contribute data to be filtered by an outlier detector, then broadcasted through various channels for protocols that verify its authenticity. The RedStone oracle system has implemented an on-chain aggregation mechanism to enhance security. This mechanism requires X signatures from authorized data providers to be passed for a data feed. The values from different providers are aggregated using median value calculation, ensuring that even if a small number of providers become corrupted (e.g., 2 out of 10), the aggregated value remains unaffected.
The number of Layer 1 and Layer 2 EVMs and non EVMs that utilities redstone oracles are eye catching pointing out why it now seems to be the go-to Oracle for Defi needs, with the TON blockchain being the latest among the whole lot which includes

  • Ethereum,
  • zkSync Era
  • Polygon zkEVM
  • Arbitrum
  • Polygon PoS
  • Optimism
  • Avalanche
  • Celo
  • Canto
  • BNB Chain
  • Fantom
  • Kava
  • Evmos
  • Gnosis
  • Rootstock (RSK)
  • Klaytn
  • Cronos
  • Elrond
  • Fuel Network
  • Starknet (Cairo 1.0)
  • Metis
  • Boba network
  • Stacks
  • Harmony
  • Moonbeam
  • Dogechain
  • Mantle Network
  • Base (Coinbase L2)
  • Linea
  • Scroll
  • Aurora
  • OKC
  • Oasis Network
  • Velas
  • Caduceus
  • Telos
  • Tron
  • Stacks
  • Starknet
  • Near and others


To be part of the community and qualify for community incentives, check out my previous post
https://www.bulbapp.io/p/bd50188b-dc56-40e2-b595-a7649f37a907/all-about-redstone-oracle-a-review-of-its-tech-and-how-to-be-part-of-community-incentives

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