Future of Crypto through Innovation

SINGAPORE / ACCESSWIRE / November 17, 2022 / Redlight Finance, a technology company that provides a complete cryptocurrency technology platform, is launching Redlight Chain, a Tier 1 EVM compatible blockchain with new capabilities.

Redlight Chain strives to solve the blockchain trilemma of scalability, decentralization, and security by optimizing a gas-free blockchain. $REDLC is the governance base of the Redlight blockchain, which innovates and adds new features to solve two significant obstacles: gas prices and traffic congestion.

About $REDLC and the Gasless Blockchain
Redlight Chain is an EVM (Ethereum Virtual Machine) tier 1 compatible blockchain that revolutionizes traditional EVM compatible blockchain. It is also an ecosystem that opens up the world of encryption to anyone looking for secure, decentralized and scalable solutions.

The platform also showcases the respective capabilities and benefits of smart contracts and NFTs.

$REDLC is trying to solve the problems of traditional blockchains because most of the world’s industries/companies don’t want to pay gas to make transactions. This issue is the main objective of the project, as well as its mission to develop a blockchain-compatible EVM that focuses on scalability, decentralization and security.

Inscalability refers to a blockchain that maintains its transaction/block speed and output as users/industry grows and expands. To this end, $REDLC allows blockchain to be integrated into industries that rely on transactions to transfer or use information from one point to another.

As a gas free blockchain, they will be able to target industries that may only consider blockchain integration. Also, $REDLC is completely gasless, not 0.000001 for another token to get gas, but true nongas like 0.

Decentralize $REDLC achieved through collectors (nodes) that manage information on the blockchain rather than a centralized entity that controls it. Most EVM-1 compliant blockchains operate in this way using various methods such as Proof of Work (POW), Proof of Stake (POS), and Proof of Authority (POA).

$REDLC is classified as POA, a higher form of POS. The “identity” of the validator takes place and acts as a pledge rather than requiring a monetary value.

Security aside – upgradeability and flexibility are critical factors for any technology to maintain maximum security. $REDLC utilizes these elements by maintaining a dedicated security team monitoring network and server activity at all times.

As well, $REDLC introduces the Pocket System. The Pocket System is a smart queuing mechanism that allows transactions to be split to ease congestion.

The Pocket System can automatically identify network attacks and redirect them to a specific Pocket for verification without affecting the rest of the network.

Understanding RedLight Finance
Redlight Finance is a technology company that aims to provide a complete cryptocurrency platform that acts as a bridge between the real world and web3 through blockchain technology. Their goal is to achieve this mission through a completely gas-free blockchain.

The gas-free blockchain they developed allows users to provide a use case for traditional cryptocurrency investors by integrating smart contracts.

More importantly, since there is no gas fee for transactions, Redlight Finance believes this will allow traditional businesses that require large databases of private information (eg hospitals and financial institutions) to safely migrate to web3.

Contact Media:
Name: Bailey Shero
Email: Bailey@redlight.finance
Website: https://redlight.finance/

SOURCE: Red Light Finance

View the original on accesswire.com:
https://www.accesswire.com/726350/Red-Light-Finance-The-Future-of-Crypto-through-Innovation

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