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Oracles | Accessing on-chain data on Rootstock

Oracles act as bridges, securely bringing external data onto the Rootstock blockchain for dApps to utilize.

How Oracles Work:

  • Data Request: A dApp sends a request to an oracle network, specifying the data it needs.
  • Data Collection: Oracles retrieve the data from reliable sources (weather APIs, stock exchanges).
  • Verification: Multiple oracles within the network verify the data for accuracy and security.
  • Delivery: The verified data is then delivered to the dApp.

Oracles on Rootstock

oracles

Umbrella Network

Umbrella Network provides access to reliable and secure data verified by Umbrella's decentralized network. Utilize Umbrella's Data Layer to build customizable and composable data streams on demand on Rootstock.
Access on-chain data
oracles

Redstone Finance

RedStone provides data feeds to blockchains such as Rootstock and layer 2 scaling solutions across the entire blockchain ecosystem that are both EVM and non-EVM compatible. RedStone allows data to be provided on-demand rather than on a fixed schedule, reducing the costs of putting data 'on-chain'. This is achieved by storing data off of the blockchain as cryptography signed packages and allowing smart contracts of dApps to fetch data when necessary.
Access on-chain data
Last updated on by Owanate Amachree