CAPE CORAL, Fla., Aug. 19, 2022 (GLOBE NEWSWIRE) — In a major step towards decentralized finance, red light chain ($REDLC), a gasless blockchain technology that aims to provide a bridge between the real world and the web3, has announced the launch of its Layer 1 EVM compatible blockchain on August 20, 2022. Additionally, Gasless Blockchain will launch its own native as well. DeFi protocols including decentralized exchanges (DEX), NFT marketplaces and stable passive income projects.
It started as a cryptocurrency promotion/discussion group for Telegram and soon branched out into a team project, Redlight Node District. This is a NaaS/DaaS hybrid node project that helps fund Redlight Coin (REDLC), its own blockchain. How to redefine blockchain technology by pioneering passive income with node projects and changing the digital landscape with groundbreaking NFT marketplaces.
Solve 3 problems without gas
For a long time, EVM (Ethereum Virtual Machine) compatible blockchains have tried to tackle the issues of scalability, decentralization, and security all together. $REDLC aims to eliminate deficiencies in these areas by prioritizing natural scalability and optimizing decentralization and security using gasless blockchains. $REDLC is truly gasless, allowing blockchain to be integrated into any industry that requires transactions. $REDLC was not originally intended as parties who regularly engage in blockchain tend to be reluctant to pay gas fees for each small transaction as costs inevitably accumulate. It can facilitate blockchain integration into the industry.
Remove barriers and optimize growth
The multi-billion dollar gaming industry is the epitome of a scalable industry, especially in established NFT games. Gas prices, congestion, or lack of utilities usually contribute to the underutilization of platforms. $REDLC solves the two biggest and most common barriers: gas prices and congestion. This blockchain technology will allow all businesses utilizing $REDLC as their governance token to engage retailers in a more accessible way. By sharing it with individuals who are interested in the game, they can easily understand the concept of earning cryptocurrency in return for playing the game. Adding unpredictable gas price information to each transaction that can be costly to play in the first place can be a daunting invitation for newcomers to decentralized finance. With a strong belief in connecting the crypto and non-crypto worlds, using gasless technology removes the confusing barriers to entry and enables real growth inside and outside the crypto world. increase.
Describe how to use higher security processes
By developing the “pocket system”, split transactions are designed to alleviate congestion. The system is designed to recognize network attacks and send them to another pocket for verification, leaving the rest of the network unaffected.
Adaptability, upgradeability, and flexibility should be at the top of the list to maintain the highest possible security with any technology. These are precise strategies meticulously applied by $REDLC through a dedicated security team that monitors network and server activity. Using Proof of Authority to take advantage of its decentralized nature, Redlight Finance chooses to refrain from reliance on any one entity and spread possible risk across all validators. This makes it difficult for targeted attacks to affect an entire network.
Redlight Finance is on a mission to build a bridge between the real world and the Web3 using gasless blockchain. With this integration, businesses that work with large databases of personal information, such as hospitals, can migrate to his Web3 with maximum security.
About Red Light Finance
From revolutionizing blockchain technology and how we connect with the world, to making a difference in the groundbreaking NFT market, Redlight Finance thinks it all and is making rapid progress towards it.
Check out $REDLC on Coinstore.com today and join us on this journey of redefinition.
For more information on the project, Official website When white paper.
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Disclaimer:
The information provided in this release is not investment advice, financial advice or trading advice. We recommend that you practice due diligence (including consulting with a professional financial advisor before investing in or trading in securities or cryptocurrencies.
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