Technology Overview
Redbelly removes the technical barriers that for years undermined mainstream blockchain adoption: Now you can build on a stable platform you trust.
Accountability
All participants are identified through a network of off-chain digital identity providers. Redbelly allows users to prove their identity without revealing personal or sensitive information and with full control over who gets access to their data.
No forks - novel leaderless DBFT consensus algorithm
Our novel leaderless DBFT consensus algorithm, jointly developed by The University of Sydney and CSIRO’s Data61, mitigates the risks of double spending by preventing forks. As opposed to probabilistic solutions whose risk increases with the length of the blockchain, this property offers certainty to high value applications.
Proof-of-Fraud - Polygraph
The Redbelly blockchain enforces accountability even when a prospective attacker controls most of the network by catching malicious participants attempting to create a disagreement. The Polygraph protocol requests dedicated messages to be signed by their sender to allow participants to cross-check these messages in order to detect liars that have sent conflicting information to different participants. As these conflicting messages are signed by their senders, they constitute undeniable proof-of-fraud.
Known costs
Transaction costs are paid in the native Redbelly coin and fixed in USD terms. This gives confidence and certainty to users and businesses because costs are fixed and known beforehand.
Real transactions – real currency
Real world assets require settlement in fiat currencies. Redbelly can support settlement in digital fiat currencies, stablecoins, or through offchain payment rails accessed through our payment gateway.