RenderDragon

RenderDragon is the new rendering engine used $$ and  Minecraft Earth. It is currently available on Xbox One and PlayStation 4.

Features
Render Dragon features edge highlighting and new lighting techniques, as part of the soon-to-be visual and performance upgrades. . It supports a range of graphics features, depending on the device's capability. Most devices will have some graphics enhancements, but not all devices will support ray tracing. It aims to offer the smoothest Minecraft experience possible on all devices by taking advantage of different hardware.

There is a new "ray lighting" option, in which all lighting is based on light sources projecting rays. This allows blocks to cast realistic-looking shadows.

Trivia

 * Render Dragon was specifically designed to be compatible with Java Edition despite not being used in the Java codebase.