- Monad emphasizes true decentralization with its unique blockchain production method.
- RedStone provides reliable and accurate blockchain data across more than 1,100 assets.
- Both platforms engage with the community through the Twitter Spaces event.
RedStone announced a strategic partnership with Monad, an advanced L1 blockchain known for its ultra-high performance consensus and execution capabilities.
This partnership aims to strengthen Monad’s test network by integrating RedStone’s data distribution models, marking a significant development in the DeFi ecosystem and a critical milestone in the evolution of blockchain infrastructure.
Technical Details of the Partnership RedStone and Monad
The collaboration between RedStone and Monad represents a big step in the blockchain space, especially in how data is processed and distributed across networks.
Monad’s architecture is designed to provide fast execution and robust consensus mechanisms, unlike other solutions, such as roll-ups, which often centralize blockchain production.
It is much more aligned with blockchain principles, aiming to provide true decentralization in the process from production and offering a more secure and decentralized environment for DeFi applications.
RedStone has established itself as a leading Oracle solution provider by ensuring the high quality and reliability of the data it delivers on-chain.
So RedStone’s integration of RedStone Modular Oracles with Monad not only ensures data accuracy, which is critical to the smooth operation of DeFi protocols but also provides the flexibility to have both pull and push data distribution models from the test network phase. This flexibility is essential for developers building on Monad as it allows them to choose the most appropriate data integration method for their applications.
Conclusion
The collaboration between RedStone and Monad is expected to avoid the compromises of the well-known trilemma, improving the platform’s performance while maintaining its commitment to decentralization.
It could be an endeavor to turn the true principles of web3 into technology, not tolerating the current technical limitations,but working to develop new ones that don’t distort the core idea.
Such initiatives deserve a lot of attention, and we need to monitor such significant developments closely.
