If the Parallel EVM Monad is Plan B for the Ethereum ecosystem to hedge against the risks of Ethereum modularization, then Reddio is Plan B for Paradigm to hedge against the risks of the Monad parallel EVM solution.
Blast set off the L2 craze, and Farcaster established itself as a social leader. Paradigm was behind all of these. So what potential does Reddio have this time? This article will sort out the project, team, and airdrop.
Reddio is a parallel EVM L2.
With other parallel EVM solutions, such as Monad's modified hotstuff consensus engine + decoupled consensus and execution Tx production process, Movement's optimized memory pool TX asynchronous processing algorithm, and Lumio integrated OP.
Compared with other public chains that have not issued coins for three or four years, Reddio showed a clear roadmap at the beginning and announced major time points in the future. According to the data displayed on the official website, Reddio has processed nearly 20 million requests and 120,000 Tx.
According to LinkedIn information, the founder of Reddio graduated from Stanford Business School and the National University of Singapore, and is also a mentor at Nanyang Technological University. Four years ago, he discussed ZK technology with Vitalik and has served as an executive at international giants Twilio and PingCAP.
The distributed database developed by the technical team he previously led is now used by OKX and BYBIT. Its feature is parallel processing.
Monad improves the Hotstuff consensus algorithm and focuses on its parallel Layer1 processing, while Reddio opens up all miners to participate and focuses on its more L2 L3 processing.
It can be said that Paradigm has invested heavily in two projects at once, ensuring that it occupies a leading position in both the L1 and L2+L3 parallel EVM tracks.
Currently, Reddio has launched its staking and task system, which is divided into two types of points. They can be obtained by staking ETH, USDT and completing tasks. Both types of points will be recognized, which alleviates the problem of script studios affecting the rights and interests of pledgers.
In Reddio’s financing announcement, it was also mentioned that a new Series A financing would be announced in the near future. This means that several international institutions that we are not aware of have already participated in Reddio’s investment. Therefore, from this point in time, it is the right time to participate in Reddio.
After all, if big names like a16z and Binance come in, it will be completely impossible to roll them up.
In short, when Monad and Bera are betting on parallel EVM, the emergence of Reddio has brought some excitement to this track, and it can be confirmed that this will be the next big thing.
