RedStone integrates first oracle price feeds on TON blockchain

RedStone, a blockchain oracle provider, has announced the integration of its price feed solutions into The Open Network (TON) blockchain. 

The integration will enable developers and projects on TON to access real-time and accurate asset prices, which is important for executing complex financial protocols. 

TON integration challenges

Compared to Ethereum-based systems, the TON integration presents unique technical challenges due to the design of the blockchain.

Kazmierczak explained that, as “the first oracle on TON,” there were no “examples from that category to follow; hence, it’s truly innovative.”

Unlike other blockchains, TON relies on a technically complex message transmission system rather than smart contracts, a process that requires particular attention to security measures.

Ecosystem growth implications

Kazmierczak explains that the oracle integration has wide implications for TON’s ecosystem, with “potential for further expansion” of decentralized finance (DeFi) on the network. 

He stated that incorporating Oracle price feeds and real-time data on TON would “support its rich GameFi and social ecosystem.”

Regarding future opportunities post-integration, Kazmierczak stated that RedStone is considering additional sectors, including “the liquid staking and restaking oracle sector.”

Source >> https://cointelegraph.com/news/redstone-integrates-price-feeds-ton-blockchain