PANews reported on April 8 that, according to The Block, the oracle development team RedStone has become the latest project to be deployed on the Ethereum Layer 2 network MegaETH, and its innovative architecture breaks the limitations of traditional Rollup solutions. The partnership coincides with the launch of the MegaETH public testnet, which is the final stage of preparation before the launch of the network’s mainnet. “When MegaETH achieves 100,000 TPS (transactions per second) and sub-millisecond latency, RedStone is the only oracle system that combines speed and flexibility,” the RedStone team emphasized in a statement. It is reported that its latest oracle service, RedStone Bolt, can update price data “every 2.4 milliseconds”. RedStone co-founder Marcin Kazmierczak said that the Bolt system will provide “plug-and-play” functionality, compatible with the traditional push data architecture of mainstream DeFi protocols such as Compound and Aave.
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