Ethereum Layer 2 network Reddio has recently completed its seed round of funding, led by Paradigm and Arena Holdings.
Reddio is an Ethereum-compatible, high-performance Layer 2 network that leverages zero-knowledge technology to achieve unparalleled computational scale and Ethereum-level security. Reddio’s API is fully compatible with Ethereum, allowing all Ethereum smart contracts to be seamlessly implemented on Reddio.
Currently, Reddio is in its testing phase and is available for experimental use.
01
Core Competencies
According to Reddio’s official documentation, the platform offers a series of key enhancements, notably outperforming current EVM Layer 2s or zkEVM Layer 2s.
Ethereum Virtual Machine (EVM) Enhancements
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 lead to congestion and increased costs during high transaction volumes. To address this issue, Reddio has developed an advanced iteration that complements the EVM, utilizing concepts outlined in the Block-STM paper to enhance scalability and performance.
In a typical scenario, transactions are processed one by one in a linear sequence. As transaction volume increases, this method can cause delays and higher costs, much like having only one checkout counter in a busy store. Reddio’s parallel processing allows transactions and smart contracts to be handled simultaneously, reducing wait times and improving network efficiency. This is akin to having multiple checkout counters to serve more customers at once.
Of particular note, Reddio has collaborated with the National University of Singapore to convert EVM opcodes to CUDA (a hardware computing platform and API model created by NVIDIA) through the CuEVM project, significantly boosting performance. CUDA enables developers to use NVIDIA GPUs for general-purpose processing, providing massive parallelism and high-performance computing. This optimization greatly enhances the efficiency of smart contract execution, making Reddio a more efficient and scalable Layer 2 solution.
Enhanced Virtual Machine Capabilities
The virtual machine EVM also boasts several key advantages:
- Enhanced Scalability: By processing transactions and smart contracts more efficiently, Reddio increases network throughput.
- Improved Performance: Reduced latency results in a smoother and faster user experience.
- Enhanced Security: Reddio mitigates potential vulnerabilities during high-traffic periods through its handling of network congestion.
- Broader Application Support: The network can support a wider range of applications and diverse scenarios.
Advanced Modular Sequencer SDK Features
Global Customization: The modular sequencer SDK simplifies blockchain development by building web services and allowing for the easy integration of various modules, such as multiple virtual machines (VMs) and data availability (DA) layers.
Multi-VM and DA Support: The sequencer natively supports EVM and CairoVM and is designed to support various VMs, including but not limited to Solana Virtual Machine (SVM), zkWASM, RISC0, and MoveVM, without resource conflicts. It integrates with multiple DA layers, including Ethereum, Avail, and Celestia.
Special Layer 2 Consensus: The unique Layer 2 consensus protocol of the modular sequencer SDK is designed for high throughput, inheriting the security and permissionless characteristics of Layer 1. It supports mainstream consensus protocols such as PoW, PoS, PBFT, dBFT, and HotStuff. Developers can also customize their consensus protocols for higher performance and tailored solutions.
High Transaction Throughput: The sequencer delivers high transaction throughput (TPS) under various testing conditions and hardware setups.
Layer 3 Application Chain Compatibility: For projects where Layer 2 cannot meet specific needs, custom sequencers aid in developing bespoke Layer 3 application chains, enhancing the real-time performance and throughput required for applications like RTT games.
Interoperability Across dApps: The sequencer ensures low latency and reduced gas fees for interactions across dApps, enabling seamless interoperability on advanced sequencers, such as transactions where a DeFi dApp triggers actions in a full-chain game.
Overall, Reddio's modular sequencer SDK offers full EVM bytecode compatibility and Ethereum RPC API support, making it easy to integrate with various Ethereum tools and research innovations. This ensures compatibility and ease of use for applications, development tools, wallets, analytics, and indexing services.
Additionally, Reddio's modular sequencer SDK utilizes the Yu blockchain framework, a highly customizable Layer 2 Native modular blockchain framework developed by the Reddio team using Golang. This framework provides developers with a Web API-like development experience, making it easier for them to get started with blockchain development.
02
Revolutionary L2 and L3 Application Chain Sequencing Framework
A few months ago, Reddio announced the official open-sourcing of its innovative Layer 2 (L2) and Layer 3 (L3) application chain sequencing framework, Itachi, marking another significant step in the team's commitment to transparency and community-driven innovation.
Developed using the modular Yu framework and written in Golang by the Reddio team, Itachi offers developers great flexibility and customization options, representing a significant advancement in blockchain technology. Its key features include modular customization, multi-VM and data availability (DA) support, advanced prover and MEV resistance capabilities, specialized L2 consensus, high-performance output, and Layer 3 application chain compatibility with cross-dApp interoperability.
The Itachi framework has garnered recognition from numerous industry leaders. Eli Ben-Sasson, CEO of StarkWare, remarked that Itachi represents a significant leap forward for the decentralized ecosystem, aligning with the vision of efficiently and securely scaling blockchain technology through its open-source nature and high-performance capabilities.
Reddio is actively seeking feedback from developers, with many gaming companies and DEX firms currently testing Itachi for launching their application chains and exploring potential collaborations. Notably, Itachi's source code has been made available on GitHub, encouraging global developers to contribute and expand its functionality. This open-source initiative is expected to foster innovation and further advance the blockchain industry.
Summary
Reddio's Itachi, as a high-performance L2 and L3 application chain sequencing framework, stands not only as a significant innovation in blockchain technology but also as a crucial infrastructure connecting different blockchain ecosystems. Through its modular design, support for multiple virtual machines, robust MEV resistance, and high performance, Itachi offers a highly flexible and scalable development environment. It provides strong support for decentralized applications while significantly enhancing blockchain scalability and security.
This innovation from Reddio is poised to become an important bridge connecting multiple EVM-compatible blockchain ecosystems while maintaining Ethereum-level security.
In the future, as Itachi continues to develop and the community engages more broadly, it is expected to play a vital role in advancing blockchain technology and enabling real-world applications. The framework shows promising potential and a vast space for imagination. However, the journey ahead is also filled with challenges, requiring ongoing innovation and optimization.
