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Radix (XRD)

  • Category: Smart Contract Platform
  • Coin Launched: April, 2013
  • Resources: White Paper
  • Official Website: Radix
  • Reddit: Radix
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About Radix

Radix is building an open, interconnected platform where the full range of powerful DeFi applications will be built securely and safely.

ledger wallet

RADIX History / Information / Buying / Staking

  • RADIX HISTORY

    Radix founder and current CTO Dan Hughes started experimenting with Bitcoin back in 2011, working on ways to make it more scalable. After testing out different approaches, including increasing the block size and using the top available hardware, he determined the Bitcoin Blockchain capabilities stop at around 700-1000 transactions per second. He decided to go further into the decentralized ledger rabbit hole to help improve its capabilities. In 2013, using the bitcointalk.org forums, Hughes started a project called eMunie. Between 2013 and late 2016, he explored multiple options base layer scaling solutions for decentralized protocols, including Block trees, DAGs, and Channel Asynchronous State Trees, before settling on a data structure called Tempo. Dan started building Radix, a new base layer decentralized ledger protocol built to support smart contract development that featured Tempo at its core.

  • HOW RADIX WORKS

    Radix DLT (distributed ledger technology) is a full-stack layer-1 protocol that makes it easy for developers to build and scale decentralized finance (DeFi) applications without the risk of network congestion, smart contract hacks, and exploits.

  • BENEFITS OF USING RADIX

    Some of the benefits of using Radix are:

    SECURE DEVELOPEMENT
    Build fast & don't break things. A purpose built DeFi programming environment that will enable fast AND secure development

    REWARDS
    Reward everyone who makes it better. A system of on-ledger royalties that will reward those that contribute dApp code to the ecosystem

  • CAN YOU STAKE RADIX

    Anyone with XRD tokens on the Radix Public Network can participate in staking, and earn emissions rewards.

  • COINS SIMILAR TO RADIX

    Direct competition to Radix which are considered similar coins are:
    POLKADOT COSMOSETHEREUM SOLANA