Parallel EVM is the only antidote to save ETH! As Paradigm's CTO @gakonst predicted, every L2 in the future will be labeled 'Parallel EVM'. This is the key point for the explosion of ETH applications! Previously, Paradigm led the investment of 225 million US dollars in Monad, the largest single financing this year. Recently, Paradigm once again led the seed round of Reddio, created by Stanford bigwigs + ZK core contributors, the rising star in the parallel EVM track @reddio_com is worth paying attention to!
Current pain points:
ETH transactions are processed serially, and transactions must be executed one by one in order, resulting in low resource utilization. If the serial processing method is changed to parallel processing, it will bring a huge improvement in performance. Combined with the feasibility of CLOBs leading on the chain, it is expected to bring a big explosion to the ETH application field.
This round of ETH competitors such as Solana, Aptos and Sui all have built-in parallel processing capabilities, and their ecosystems are developing rapidly, which undoubtedly brings pressure to ETH.
Reddio (@reddio_com) is a high-performance parallel EVM Layer2 solution that uses advanced zero-knowledge proof technology + EVM opcode conversion to CUDA to achieve the same level of security as ETH and is compatible with all Ethereum smart contracts and assets. Unlike Monad, Reddio also plans to open miners in the future to join the GPU computing of the Reddio test network and the main network to improve the performance of its parallel EVM.
In terms of technical features, Reddio supports GPU acceleration, parallel execution, modular sequencer, zero-knowledge proof and authority proof, and through the modular sequencer SDK, it can be easily expanded to other L2/L3, which lays the foundation for higher performance and compatibility.
In terms of financing background, Reddio completed the joint investment from#Paradigmand #ARENA, a member of Tiger Global Management, in the early seed round stage, and plans to announce the upcoming completion of its Series A financing in the near future. Judging from the official tweets and community revelations, there is no shortage of participation from the world's top crypto funds, which is worth looking forward to!
The Reddio team has extensive experience in the Web3 industry. Neil, the founder, graduated from Stanford Business School and the National University of Singapore. He is also a blockchain mentor at Nanyang Technological University and has served as an executive at @twilio and @PingCAP. In his early years, he made core contributions to ZK technology and provided an open source expansion solution for Starknet.
The technical team he leads developed a high-performance database, which is currently being used by Bybit and OKX for a long time. Its advantage is parallel processing.
In terms of partners, the well-known Worldcoin (@worldcoin) and the R&D laboratory of the National University of Singapore have both worked closely with Reddio, which fully demonstrates their recognition of its team and technology, as well as their long-term optimism.
Unlike other public chains that take several years to launch TGE, Reddio has formulated a clear roadmap from the beginning. The launch time of its test network and main network is very clear, as well as the timing of major future events.
According to the data displayed on the official website, Reddio has processed 21 million requests and 120,000 transactions. The future is worth looking forward to!
Currently, Reddio has launched its task system and pledge page, and has clearly stated the points airdrop plan in the roadmap. How to participate:
1. If you have ETH or USDT, you can participate in staking and get staking points;
2. If you have a community, you can participate in various tasks and earn task points;
3. If you have connections, you can ask your friends to pledge and get pledge points as rebates.
Summary: Parallel EVM is one of the biggest narratives of#ETHthis year. As the top capital in the industry,#Paradigmnot only led the investment in #Monad, but also bet on #Reddio, achieving full coverage of the parallel EVM field from L1 to L2. The Reddio team has a solid technical foundation and is backed by high-quality capital. The project is in its early stages and the A round of financing has not yet been announced. The sooner you participate, the greater the advantage! Don't miss the airdrop opportunity!
