The Dream Engine is the currently used engine that Code Red Entertainment uses to build its video games with. The engine itself is sort of derivative off EternalBlaze Industries' engine, EBIE, as both engines have similar components and were created by mostly the same people. The current version is 2.0.
The first known release of the Dream Engine, known as Dream 1.0, was used for many of Code Red's first games. It was initially very similar to EBIE, but several changes were made as time went on.
Eventually as the quality and content of their games improved, Code Red Entertainment moved on to another version of the Dream Engine, naming it the 'Dream 2.0. It consists of major upgrades and improvements to all integral parts of the engine, including (but not limited to) the physics engine, rendering engine, and more.