Redlight Chain or REDLC is a Layer 1 EVM (Ethereum Virtual Machine) compatible blockchain created by Redlight Finance. Its main goal is to address the Blockchain Trilemma of Scalability, Decentralization, and Security. Essential information for their token is available on the MEXC Digital asset introduction page. Furthermore, we are listing (REDLC/USDT – Trade it here) on our Innovation Zone! Check it out now!
Understanding Redlight Chain
Redlight Chain focuses on addressing the Blockchain Trilemma of Scalability, Decentralization, and Security by optimizing the gasless blockchain. REDLC is the governance coin for the Redlight blockchain. It aims to overcome two significant barriers: gas prices and congestion, through innovation and introduction of new functionalities.
By leveraging the unique features of Redlight Chain, users can transact without paying gas fees, which increases affordability and accessibility. Additionally, Redlight Chain’s sharding architecture allows for parallel processing of transactions, boosting scalability, while its advanced cryptographic algorithms ensure the network remains secure and reliable. With REDLC as the governance coin, users can also participate in the network’s decision-making processes and help shape the future of the Redlight blockchain.
Key Features of Redlight Chain
Redlight Chain aims to solve the problems of traditional blockchains, as most real-world industries/companies are hesitant to pay gas fees for transactions. The project’s primary goal is to develop an EVM-compatible blockchain that prioritizes scalability, decentralization, and security, while also addressing the gas fee issue.
Scalability is crucial for maintaining transaction/block speeds and output as the network grows and expands to accommodate more users and industries. It tackles this issue by enabling the integration of its blockchain into industries that require information to be passed or used from one transaction point to another.
By being a gasless blockchain, it can target industries that may have otherwise never considered integrating blockchain technology. Additionally, Redlight Chain is entirely gasless, not partially or through staking a coin to obtain another token for gas usage, but genuinely gasless, as in zero gas fees.
To achieve decentralization, Redlight Chain relies on validators (nodes) to govern the information on the blockchain, rather than having a centralized entity controlling it. Various methods, such as Proof of Work (POW), Proof of Stake (POS), and Proof of Authority (POA), are used by most EVM-1 compatible blockchains to achieve decentralization.
Where to buy REDLC Token
You can find REDLC Token here at MEXC! We are listing REDLC/USDT in our Innovation Zone!
What is the Price of REDLC Tokens?
The price of the REDLC token is coming to MEXC soon! You can check the live price of their token right here!
How to buy EDE Tokens
You can buy REDLC Tokens on MEXC by following the steps:
- Log in to your MEXC account and click [Trade]. Click on [Spot].
- Search “REDLC” using the search bar to see the available trading pairs. Take REDLC/USDT as an example.
- Scroll down and go to the [Spot] box. Enter the amount of REDLC you want to buy. You can choose from opening a Limit order, a Market order, or a Stop-limit order. Take Market order as an example. Click [Buy REDLC] to confirm your order. You will find the purchased REDLC in your Spot Wallet.
You can find a detailed guide on how to buy REDLC Tokens here.
Keep Yourself Updated With The Crypto Trend
Check out all of the listings in the Innovation and Assessment zones as well as the major tokens in the Main Zone – we have more amazing projects to come! What’s more, MEXC lists moonshots and offers access to trade major cryptocurrencies. Visit the Hot Projects section as well to uncover more featured popular tokens. Lastly, feel free to visit MEXC Academy to learn more about cryptocurrency!
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