Redlight Finance, a technology company that provides a full crypto technology platform, is introducing Redlight Chain, a Layer 1 EVM compatible blockchain with new functionalities.
Redlight Chain is devoted to solving the blockchain trilemma of scalability, decentralization, and security by optimizing the gasless blockchain. $REDLC may be the governance coin to the Redlight blockchain, that is solving two significant barriers: gas prices and congestion, through innovation, adding new functionalities.
About $REDLC plus the gasless blockchain
Redlight Chain is really a Layer 1 EVM (Ethereum Virtual Machine) compatible Blockchain ND, introducing revolutionary changes to the original EVM compatible blockchains. Additionally it is an ecosystem that opens the planet of crypto to anyone and everyone attempting to look for a secure, decentralized, and scalable treatment for their problem.
The platform also showcases the correct abilities and great things about Smart Contracts and NFTs.
$REDLC really wants to solve traditional Blockchains’ problems because most real-world industries/companies usually do not desire to pay gas to execute transactions. The project takes this problem as its primary purpose, along with its mission to build up a blockchain-compatible EVM that targets scalability, decentralization, and security.
Scalability identifies the Blockchain maintaining its transaction/block speeds & output while growing and expanding in users/industries. Because of this, $REDLC allows the Blockchain being built-into industries that depend on passing or using information in one indicate another transaction.
Being truly a gasless Blockchain will enable us to focus on industries that could otherwise do not have given Blockchain Integration another thought. Also, $REDLC is fully gasless, not 0.000001, not staking a coin to obtain another token to utilize for gas, but truly gasless such as 0.
Decentralization on $REDLC is achieved through validators (nodes) governing the info for the Blockchain rather than centralized entity controlling it. Most EVM-1 compatible Blockchains operate this way using various methods such as for example Proof Work (POW), Proof Stake (POS), and Proof Authority (POA).
$REDLC is categorized as POA, a far more advanced type of POS. Rather than having to stake value, the “identity” of your validator replaces this and serves as a stake.
Besides security – upgradability and flexibility are critical factors for just about any technology to keep up maximum security. $REDLC employs these elements by keeping a separate security team readily available to monitor network and server activity.
Moreover, $REDLC is introducing the Pocket System. The Pocket System can be an intelligent queuing mechanism which allows the split of transactions to ease congestion.
The Pocket System can automatically recognize network attacks and reroute these to another pocket being validated without affecting all of those other network.
Meet Redlight Finance
Redlight Finance is really a technology company looking to provide a full crypto platform that acts as a bridge between the real world and web3 through blockchain technology. They aim to achieve this mission via their fully gasless blockchain.
The gasless blockchain they have developed allows users to provide a use case for the traditional cryptocurrency investor by integrating smart contracts.
On top of this, with no gas fee on transactions, Redlight Finance believes this will allow traditional businesses that require large databases of private information (e.g., hospitals, financial institutions) to transition into web3 securely.
Contact
Check and test the $REDLC gasless blockchain on Testnet Redlight Scan. More information is available on the official Redlight Finance website and on the $REDLC whitepaper.