Singapore, December 30, 2022 /PR Newswire/ — A gasless solution to three problems:
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 regularly involved 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 two of the biggest and most common barriers: gas prices and congestion. This blockchain technology will allow retail audiences to be engaged in a more accessible way for businesses utilizing $REDLC as their governance token. By sharing it with individuals 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, which can be costly to play in the first place, can be a daunting invitation for newcomers to decentralized finance. I have. With a strong belief in bridging the crypto and non-crypto worlds, Redlight Finance is using gasless technology to remove confusing barriers to entry and enable real growth inside and outside the crypto world. Make it possible.
Describe how to use higher security processes
We have developed a “pocket system” and split transactions are a mechanism 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. Redlight Finance uses Proof of Authority to take advantage of its decentralized nature so he chooses to refrain from reliance on one entity, but instead spreads possible risks across all validators. disperse. 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. Users can also expect Redlight Finance to launch a gas-free layer 1 blockchain, DEX, and NFT marketplace.
About Red Light Finance
From revolutionizing blockchain technology and how we connect to 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.
About coin store
Founded in 2020 by experienced fintech professionals from the most famous cryptocurrency exchanges. Coinstore.com has more than 180 employees worldwide and serves more than 1.8 million registered users in 175 countries. As a leading global provider of financial infrastructure and technology in the crypto-economy space, Coinstore.com We aim to become the world’s preferred cryptocurrency trading platform and digital service provider.
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