Creu Roja Launched RedChain with ETH: Transparent Aid

While recipient data is kept completely offchain, the blockchain is used only as a verification layer for transaction hashes, timestamps, and integrity proofs. Donors can monitor fund flows and expenditures but cannot reconstruct individual identities. A Creu Roja official states that the system provides transparency for flows and outcomes while protecting recipient privacy. BLOOCK CEO Lluís Llibre said that the blockchain works like a public notary and can detect changes. Billions Network provides eligibility verification with zero-knowledge proofs.

How Does RedChain Work on the ETH Blockchain？

RedChain tokenizes aid credits using ETHs ERC-20 standard. Offchain identity data combines with blockchain verification; this minimizes gas fees while maintaining Layer-1 security. Current ETH price 2.313,18 USD (+0,50% 24h), RSI 26,86 giving oversold signal (downtrend).

Critical Support and Resistance Levels for ETH

• Support S1: 2.157,14 USD (⭐ Strong, -6,74% distance, Fibo 0.000, Prev Day Low)
• Support S2: 1.586,87 USD (Medium, -31,40% distance)
• Resistance R1: 2.396,39 USD (⭐ Strong, +3,60% distance, Fibo 0.114, Prev Day High)
• Resistance R2: 2.603,63 USD (⭐ Strong, +12,56% distance)

Supertrend bearish, EMA 20: 2.781,23 USD. Follow ETH futures.

Frequently Asked Questions About RedChain and ETH

• What is RedChain？ ETH-based aid system that combines transparency and privacy.
• Why was ETH chosen for RedChain？ For ERC-20 compatibility and real-time verification.
• What will ETH price be？ S1 support is critical; RSI oversold, recovery possible.

Crypto Research Analyst: Michael Roberts

Blockchain technology and DeFi focused

This analysis is not investment advice. Do your own research.