RedStone debuts first price oracles for TON blockchain

Blockchain developer RedStone has integrated its oracle solution into The Open Network, offering price feeds on the network for the first time.

The Open Network (TON), incubated on Telegram, is powering the decentralized finance ecosystem with the launch of RedStone’s first oracle price feeds, providing real-time, gas-efficient data solutions. According to a press release shared with crypto.news on September 19, the integration provides real-time data feeds that will help blockchain developers build protocols on TON.

Oracle feeds on blockchain are tools that provide smart contracts with real-world data needed to drive automated actions or decisions, such as asset prices or weather updates. They act as a bridge between blockchains and external information sources.

However, unlike other blockchains like Ethereum (ETH) where smart contracts communicate directly, TON relies on message passing for contract interactions, which presents unique challenges. RedStone states that its solution addresses these complexities.

“This process requires careful attention to critical factors such as the identity of the sender, the structure of the message, and the accuracy of responses, which are vital to maintaining the integrity and security of the system.”

Redstone

RedStone brings oracles to TON

The company says its oracles will automatically broadcast monitored asset prices to ensure uninterrupted service. In addition to oracles, RedStone also introduced smart contract templates powered by TON Connect, designed to simplify the integration process for developers.

Jakub Wojciechowski, RedStone’s CEO, said the firm’s vision for TON “goes beyond integration,” and that the blockchain developer is committed to “providing developers with essential tools like smart contract templates and auto-transferers to enable seamless data flow and service.” Beyond TON, RedStone has also partnered with others like Ethereum and Avalanche (AVAX), with a particular focus on offering cross-chain data feeds.