Overview

Why Chainsight Is Cheaper and More Flexible

Oracle comprises a modular pipeline of on-chain components that fetch, process, and deliver data to smart contracts. The pipeline stages are:

• Data Source: The origin of the data (could be a web API, blockchain node, etc.), configured in Chainsight to securely ingest external information.

• Base Indexer: Retrieves raw data from the source at defined intervals and stores it on-chain for indexing.

• Advanced Indexer: Applies custom logic (WebAssembly modules) to the indexed data, enabling complex transformations or analytics.

• Relayer: Takes the processed data and transmits it to the target blockchain, using threshold cryptographic signatures for trustless delivery.

• Oracle: An on-chain contract on the destination chain that receives and stores the data, providing a read interface for DApps.

Composability and Data Reusability: Chainsight indexes data once and allows multiple projects to reuse the same data feed. This network effect means if one project sets up a particular price feed, others can tap into it without duplicating effort, reducing the per-project cost. As more data sets and users join, the average administrative cost per project drops – unlike a typical “one oracle feed per project” scenario

Threshold Signing (Security): Rather than relying on a single centralized bridge, Chainsight uses distributed nodes that sign updates directly on each target chain via threshold ECDSA. In this scheme, each node holds a share of the private key, and they collectively produce a valid signature for the oracle update. This means no separate bridge contract or single operator is needed – the cryptographic security is shared among multiple nodes. The result is lower trust assumptions (no single party can compromise the feed) and removal of any single point of failure​