Redstone Launches Bolt Oracle for MegaETH, Enhancing Price Data Delivery at 2.4ms and Targeting 100,000 TPS

Redstone has launched a new product called Bolt, a real-time oracle designed to deliver price data every 2.4 milliseconds. This technology is specifically built for high-performance chains like MegaETH, which aims for a target throughput of 100,000 transactions per second (TPS). Bolt is currently live on the MegaETH testnet, allowing decentralized finance (DeFi) developers to integrate it easily into their applications. MegaETH itself is an emerging Ethereum Layer 2 solution that has raised $20 million to enhance its capabilities. The introduction of Bolt is expected to significantly improve the speed and efficiency of price feeds for MegaETH, which is gaining attention for its competitive transaction speeds compared to existing Layer 2 solutions. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

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Source: The Defiant