On December 10th, 2018 - just a mere 2 weeks after his last appearance - RED’s CTO, Vali Malinoiu, provided a very informative and enlightening update on the progress of the RED Platform and the direction it will take moving forward.

Hi! How’s everyone doing? I wanted to share some great news with you and I didn’t want to spoil it if everything wouldn’t work according to plan.

Last week, we had an idea - to use the capacity of SWAZM in terms of infrastructure (storage + compute) and try to use the EVM as a language inside SWAZM. What it really means, is that we wanted to support the Ethereum language on SWAZM. As you guys already know, Ethereum is slow and transactions have a cost. We wanted to do this in order to supercharge technology already existent on Ethereum itself; in other words, the plan was to supercharge Ethereum EVM on SWAZM.

Well guys, we kind of succeeded. We have a 10x bigger gas limit than Ethereum and we can push it to 50x - transactions are mined instantly.

What does this mean?

Well, it means that we are speeding things up a bit in the long-term plan, by transforming every pair that MWAT is going to have into its own token — so we will have ETH/MWAT, BTC/MWAT, KWT/MWAT, EUR/MWAT, USD/MWAT, and RON/MWAT working like regular tokens that you are used to.

So now I want to introduce 3 new products to you:

A network status where you can see the status of the network live, just remember it’s all tests for now (as we are preparing to go live soon): https://stats-dev.SWAZM.com

2. A blockchain explorer :) where you can watch EVERYTHING! From the trades in the order book to the live exchanges that are going on in the platform: https://explorer-dev.SWAZM.com/#/ . Transactions are mined instantly on the blockchain without a need for confirmation and things like that.

And 3? :) You guys asked - we listened. We have a fully featured exchange/market platform that has blown all the tests that we have put it through out of the water! This was finished today in terms of logic; unfortunately, we don’t have it up and running somewhere - but I can give you some screenshots: