RedStone debuts first price oracles for TON blockchain
Blockchain developer RedStone has integrated its oracle solution into The Open Network, offering the first-ever price feeds on the network.
Telegram-incubated The Open Network (TON) is bolstering its decentralized finance ecosystem with RedStone’s launch of the first oracle price feeds, providing real-time, gas-efficient data solutions. According to a Sept. 19 press release shared with crypto.news, the integration provides real-time data feeds that will help blockchain developers build protocols on TON.
Oracle feeds in blockchain are tools that supply smart contracts with real-world data, such as asset prices or weather updates, which are essential for executing automated actions or decisions. They act as a bridge between blockchains and external information sources.
However, TON, unlike other blockchains such as Ethereum (ETH), where smart contracts communicate directly, relies on message transmissions for contract interactions, which presents unique challenges. RedStone notes that its solution addresses these complexities.
“This process demands careful attention to critical factors such as the sender’s identity, message structure, and the accuracy of the responses, all of which are crucial to maintaining the integrity and security of the system.”
RedStone
RedStone brings oracles to TON
The firm says its oracles will automatically publish asset prices, monitored to ensure uninterrupted service. In addition to oracles, RedStone has also introduced smart contract templates powered by TON Connect, designed to simplify the integration process for developers.
RedStone’s chief executive, Jakub Wojciechowski, says the firm’s vision for TON “goes beyond integration,” adding that the blockchain developer is committed to providing developers with “essential tools like smart contract templates and automatic relayers, ensuring seamless data flow and uninterrupted service.” Beyond TON, RedStone has also secured partnerships across Ethereum and Avalanche (AVAX), among others, with a focus on delivering cross-chain data feeds.
