Redlight Finance launches new Blockchain Gasless Solutions through $REDLC

Redlight Finance, a technology company offering a full crypto technology platform, introduces Redlight Chain, a Layer 1 EVM compatible blockchain with new features.

Redlight Chain is centered on solving the blockchain trilemma of scalability, decentralization and security by optimizing the gasless blockchain. $REDLC is the governing coin for the Redlight blockchain, which solves two key barriers: gas prices and congestion, through innovation, and adds new features.

About $REDLC and the gasless blockchain

Redlight Chain is a Layer 1 EVM (Ethereum Virtual Machine) compatible Blockchain ND, which introduces revolutionary changes to the traditional EVM compatible blockchains. It is also an ecosystem that opens up the crypto world to anyone and everyone who wants to find a secure, decentralized and scalable solution to their problem.

The platform also showcases the right features and benefits of smart contracts and NFTs.

$REDLC wants to solve traditional blockchains problems because most real industries/companies don’t want to pay gas to perform transactions. The project takes this problem as its primary purpose, in addition to its mission to develop a blockchain-compatible EVM that targets scalability, decentralization and security.

Scalability refers to Blockchain maintaining transaction/block speeds and output while growing and expanding in users/industries. For this, $REDLC allows Blockchain to be integrated into industries that rely on transferring or using information from one point to another transaction.

Being a gas-free blockchain will enable us to target industries that would otherwise never have considered Blockchain integration. Also, $REDLC is completely gas free, not 0.000001, not staking a coin to get another token to use for gas, but truly gas free as in 0.

Decentralization on $REDLC is achieved through validators (nodes) that manage the information on the Blockchain instead of a centralized entity that controls it. Most EVM-1 compatible blockchains work this way using different methods such as Proof of Work (POW), Proof of Stake (POS) and Proof of Authority (POA).

$REDLC is categorized as POA, a more advanced form of POS. Instead of having to stake monetary value, the “identity” of a validator replaces this and acts as a stake.

Besides security, upgradeability and flexibility are critical factors for any technology to maintain maximum security. $REDLC uses these elements by keeping a dedicated security team available to monitor network and server activity.

Also, $REDLC introduces the Pocket System. The Pocket System is an intelligent queuing mechanism that allows splitting of transactions to alleviate congestion.

Pocket System can automatically recognize network attacks and redirect them to a separate pocket to be validated without affecting the rest of the network.

Meet Redlight Finance

Redlight Finance is a technology company that aims 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 completely gas-free 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 tax on transactions, Redlight Finance believes this will allow traditional businesses that require large databases of private information (eg hospitals, financial institutions) to transition to web3 securely.

Consult

Check and test $REDLC gasless blockchain on Testnet Redlight Scan. More information is available on the official Redlight Finance website and on the $REDLC whitepaper.