What is unique about Reddio, the EVM L2 project invested by Paradigm?

If the parallel EVM Monad is the Plan B for the Ethereum ecosystem to hedge the risks of the modularization direction of Ethereum, then Reddio is the Plan B for Paradigm to hedge the risks of the Monad parallel EVM solution.

Blast set off the L2 fever, and Farcaster established the social leader. All of these were manipulated by Paradigm behind the scenes. So what is the potential of Reddio this time? This article will sort out the projects, teams and airdrops.

Reddio is a parallel EVM L2.

Compared 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 future time points. 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 served as a senior executive in international giants Twilio and PingCAP.

The distributed database developed by the technical team he previously led is now used by OKX and BYBIT, and 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 to ensure that it occupies a leading position in both L1 and L2+L3 of the parallel EVM track.

Currently, Reddio has launched its staking and task system, which is divided into two types of points. They need to be obtained by staking ETH, USDT and completing tasks. Both types of points will be recognized, which can be regarded as alleviating the problem of script studios affecting the rights and interests of pledgers.

In Reddio's financing announcement, it was also mentioned that a new round of A financing would be announced in the near future, which means that several international institutions that we don't know about have participated in Reddio's investment. Therefore, from this point in time, it is the right time to participate in Reddio.

After all, if a16z, Binance and other big ones come in, they will be completely unable to roll.

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.