Ethereum Layer2 network Reddio recently completed a seed round of financing led by Paradigm and Arena Holdings.
Reddio is a high-performance hardware Layer 2 network compatible with Ethereum. By leveraging zero-knowledge technology, it achieves unparalleled computing scale and Ethereum-level security. Reddio's API is fully compatible with Ethereum, and all smart contracts on Ethereum can be seamlessly implemented on Reddio.
Currently, Reddio is in beta and available for experimental use.
01. Core Competitiveness
Reddio’s official documentation shows that it provides a series of key enhancements, notably achieving higher performance compared to current EVM L2s or zkEVM L2s.
first.
The Ethereum Virtual Machine (EVM) is a decentralized virtual environment that executes smart contracts and code on the Ethereum blockchain. However, the standard EVM processes transactions and smart contracts sequentially, which can cause congestion and increase costs when there are large transaction volumes. To address this, Reddio developed an advanced iteration called the Supplemental EVM that leverages the concepts outlined in the Block-STM paper to enhance scalability and performance.
Transactions are processed one by one in a linear sequence. As transaction volume increases, this approach can lead to delays and higher costs, just like having only one cashier counter in an intermittent store. Reddio's parallel processing allows transactions and smart contracts to be processed simultaneously, reducing wait time and increasing network efficiency. This is similar to having multiple cashier counters that can serve more customers at the same time.
It is worth mentioning that Reddio collaborated with the National University of Singapore to convert the Ethereum Virtual Machine (EVM) operating code into CUDA (a hardware computing platform and API model created by NVIDIA) through the CuEVM project, significantly improving performance. CUDA enables developers to use NVIDIA GPUs for general-purpose processing, providing massive parallelism and high-performance computing. This optimization significantly improves the execution efficiency of smart contracts, making Reddio a more efficient and scalable Layer 2 solution.
Secondly, the virtual machine EVM has greater advantages, as shown in the following:
— Enhanced Scalability: By processing transactions and smart contracts more efficiently, Reddio increases the throughput of the network.
— Improved performance: Reduced latency results in a smoother, faster user experience.
— Enhanced security: By significantly reducing network congestion, Reddio reduces the risk of potential breaches during periods of high traffic.
—Wider application support: The network can handle a wider range of applications and diverse scenarios.
Advanced Modular Sequencer SDK Features
Global Customization: The modular sequencer SDK simplifies blockchain development and builds web services that allow easy integration of various modules such as multiple virtual machines (VMs) and data availability (DA) layers.
Multiple VMs and DA support: The sequencer supports EVM, CairoVM out of the box and is designed to support a variety of VMs, including but not limited to Solana Virtual Machine (SVM), zkWASM, RISC0, and MoveVM, without resource conflicts. Multiple DA layer integrations such as Ethereum, Avail, Celestia, etc.
Special L2 consensus: The unique L2 consensus protocol of the modular sequencer SDK is designed for high throughput and inherits the security and permissionless characteristics of L1. It supports mainstream consensus protocols such as PoW, PoS, PBFT, dBFT, HotStuff, etc. Developers can also customize their own consensus protocols to achieve higher performance and customization.
High transaction throughput: The sequencer provides high transaction throughput (TPS) data under a variety of test conditions and hardware setups.
Layer 3 application chain compatibility: For projects where L2 cannot meet specific needs, customized sequencers can help develop custom L3 application chains, improving the real-time performance and throughput required for applications such as RTT games.
Interoperability across dApps: The sequencer ensures low latency and low gas fees for cross-dApp interactions, enabling transactions such as DeFi dApps triggering actions in full-chain games, reflecting seamless interoperability on high-end sequencers.
In summary, Reddio's modular sequencer SDK supports full EVM bytecode compatibility and Ethereum RPC API, which can be easily integrated with various Ethereum tools and research innovations. This ensures compatibility and ease of use for applications, development tools, wallets, analysis and indexing services.
At the same time, Reddio's modular sequencer SDK also uses the Yu blockchain framework, which is a highly customizable Layer 2 Native modular blockchain framework developed by the Reddio team using Golang. The framework provides developers with a development experience similar to Web API, making it easier for developers to get started with blockchain development.
02. Innovative L2 and L3 Application Chain Ordering Framework
A few months ago, Reddio recently announced that its innovative Layer 2 (L2) and Layer 3 (L3) application chain sorting framework Itachi was officially open sourced, which is another important move by the team's commitment to transparency and community-driven innovation.
Itachi is developed based on the modular Yu framework and written in Golang by the Reddio team. It provides developers with great flexibility and customization capabilities, becoming an important advancement in blockchain technology. Its main features include modular customization, multi-virtual machine (VM) and data availability (DA) support, advanced prover and anti-MEV capabilities, special L2 consensus, high performance, and Layer 3 application chain compatibility and cross-dApp interoperability.
The Itachi framework has been recognized by many industry leaders. For example, StarkWare CEO Eli Ben-Sasson said that Itachi represents a major leap forward for the decentralized ecosystem, and its open source nature and high-performance capabilities are in line with the vision of efficient and secure expansion of blockchain technology.
Reddio actively listens to developer feedback, and many game companies and Dex companies are testing Itachi for their application chain launches and exploring cooperation opportunities. Itachi's source code is now open source on GitHub, encouraging global developers to contribute and expand its functionality. This open source initiative is expected to promote innovation and drive further development of the blockchain industry.
summary
As a high-performance L2 and L3 application chain sorting framework, Reddio's Itachi is not only a major innovation in blockchain technology, but also a key infrastructure connecting different blockchain ecosystems. Itachi builds a highly flexible and scalable development environment through its modular design, multi-virtual machine support, strong anti-MEV capabilities and high performance. It not only provides strong support for decentralized applications, but also greatly improves the scalability and security of blockchain.
This innovation of Reddio is expected to become an important bridge connecting multiple EVM-compatible blockchain ecosystems while maintaining Ethereum-level security.
In the future, with the further development of Itachi and the extensive participation of the community, it is expected to play an important role in promoting the advancement of blockchain technology and the implementation of its applications, showing broad development prospects and huge imagination space. Of course, this process is also full of challenges and requires continuous innovation and optimization.