DeFi + AI + Ethereum = Too Many Buzzwords or the Future?

[MaryEmerald]

Crypto loves its fancy terms and tech lingo for sure. A few of them are DeFi, AI, oracles, L2s and the whole bunch.
Sometimes, I feel like they're used in projects just to sound more innovative and high tech or maybe to get us interested.
But RedStone ($REDSTONE) does have a valid reason to make use of all three words.

It is an oracle network.
Let me break down what it does. Redstone is like a messenger you trust but in this scenario, it's for Blockchain.
What it does is to put important information and data together (like Crypto prices) quickly and accurately and then send to the right applications that need it.

This is a really big deal for DeFi, smart contracts and AI powered Crypto tools because they work properly based on the "up-to-date" information that has been sent in or received.
Long story short, it helps keep crypto applications stay informed without leaning on the help of centralized sources.

Conventional oracles can be slow and expensive when pulling data across a number of blockchains.
Redstone helps with a system that distinguishes between the collection of data and the delivery of data and this helps to make it faster and cost efficient.
It's also cross chain so it works on Ethereum and non EVM chains, making flexibility an option for developers.

Another neat feature? Redstone does more by taking care of complex financial data like Liquid Restaking Tokens (LRTs), Bitcoin DeFi derivatives (BTCFi) and Real World Assets (RWAs).
Rather than just tracking the price of $BTC, it provides DeFi apps with more advanced data, opening up new possibilities for trading strategies.

Looking at it from the angle of security, it checks out too and it's well built.
RedStone has multiple backup systems and smart error-checking tools to keep its data accurate. It also uses a network of computers (called nodes) to double-check information.
Since it launched, it hasn’t had a single pricing mistake and that means a lot because we all know crypto is unpredictable.

Let's take a look at the numbers. RedStone has a market cap of $181.92M and a total supply of 280M tokens.
Not huge quantity but to see some chart movement, it’s listed on BingX so you can long or short it based on your outlook. Your choice.


What's your opinion? Is RedStone just packed with buzzwords or does it come with something different that will switch things up?

[Rancho]

Redstone sounds and looks like a solution to blockchain issues,having to trade it is definitely a win

[joniboini]

Looks like some projects decided to drop subtlety when they're promoting their product nowadays. Why not make an ANN thread if your goal is to promote the project? You can use the thread to post regular updates too instead of doing a hit and run by making new threads once in a while like this. Instead of making a good impression some people will assume that you're spamming this forum instead.