Radix is a decentralized financial network working to remove the barriers that limit the expansion of DeFi by building a Layer 1 protocol that can directly serve DeFi needs on a global scale.
Decentralized financial applications are currently built on purposeless L1 protocols that lead to congestion, hacking, and user and developer frustration.
Radix makes it easy to build and launch scalable DeFi products and services by introducing a scalable, highly secure and configurable platform with a DeFi-centric execution environment.
With the invention of blockchain technology, Defi is the financial industry that brought finance into the internet age. That is why we have taken the first step towards replacing our inherently monopolistic financial system with a better system that is open and democratic.
What is Radix
Today’s financial system is inherently exclusive, slow to respond to user needs, and run by a limited number of closed institutions that are highly inefficient and uncompetitive.
Radix is a decentralized network that allows developers to build rapidly without the constant threat of exploits and hacks. It’s also where all improvement pays off and scale isn’t the bottleneck.
Defi lets the world imagine a better system where everyone can keep their assets on a shared, open network.
The Radix network makes it easy for developers with bright ideas to create secure and powerful financial applications. All finance can then be restructured in an inclusive, convenient, cheap and competitive way.
There are barriers that prevent the platforms that host Defi’s first steps from meeting this criteria. So without a better solution, Defi remains a dream.
Radix is creating solutions.
What is Radix’s solution for Defi Technology?
A self-proclaimed game-changer for building DeFi, the Radix platform offers integrated technology solutions to multiple issues that limit DeFi’s potential. The major obstacles facing Defi developers today can be solved with Radix.
As DeFi today is plagued with hacks, bugs, and other issues, Radix provides not only predictable and modular smart contracts, but also a custom-built execution environment for DeFi.
Hacks, exploits, and failures of Solidity-based dApps are common on Ethereum and other smart contract platforms today, making it extremely difficult to develop production-quality dApps.
By introducing Scrypto and the Radix Engine, Radix removes these issues by natively embedding tokens, NFTs, and other assets as assets in your code instead of individual smart contracts. This makes it easy to define how it should work from the start so that developers can quickly and easily build secure DeFi applications.
Radix Engine is like a financial game engine, automatically and securely managing the essentials of wealth management. So we provide a pre-built way to meet these needs, and developers just need to build the game.
Radix helps developers learn faster how to build good Defi dApps
Scrypto is based on developer-favorite Rust and asset-oriented features that speed up secure dApp development. This will encourage more developers to build more Defi dApps and improve the financial environment for Defi.
Radix and dApps
There is no denying that one of Defi’s most important possibilities is its ability to connect dApps to each other. Ethereum has enabled composability between smart contracts, which in some sense requires custom smart contracts.
Radix Engine, on the other hand, allows assets to be freely and directly moved between any number of dApps in each transaction without the need for custom smart contract code.
Additionally, Radix also features a consensus algorithm called Cerberus, which offers unlimited scalability without compromising Defi’s composability.
The platform is the only public decentralized network capable of supporting billions of users performing millions of transactions using thousands of dApps together.
One of Defi’s great features is the ability for dApps to interact with each other in a single transaction, known as atomic composability. In this case, Cereberus maintains atomic composability across shards by making every transaction an efficient cross-shard transaction.
Why Radix?
Knowing that a project can take developers millions of dollars and years of work from concept to success, Radix provides blueprints and developer royalties.
Radix’s Cereberus is designed to scale to millions of transactions per second, so network congestion will never cause your gas bill to skyrocket.
This makes Defi accessible to everyone. Radix keeps transaction fees low so as not to hinder Defi’s growth. With this system, you only have to pay $200 to do a simple token swap.
Not only that, the platform can fulfill most demands on Defi financial services such as decentralized exchanges, secured lending, yield farming, money markets, NFTs, gaming, portfolio management, DeFi insurance, etc.
Among them, decentralized exchanges or DEXs allow trading two or more tokens in a single transaction at a given price without the need for a trusted third party.
Radix Tokens and Tokennomics
The token XRD is the native cryptocurrency of the Radix network used for staking, accessing Defi, deploying smart contracts, and paying for transactions.
The maximum supply of XRD is 24 billion XRD tokens. Among them, 12 billion were allocated to reward stakers as the emissions of the network during the creation of the Radix public network, 9.6 billion of these tokens are fully unlocked in circulation, and 2.4 billion is indefinitely locked in the stablecoin reserve.
The 24 billion XRD tokens have been allocated as follows:
- Token sale: 2.7% – 642 million XRD tokens
- Network subsidy: 2.5% – 600m XRD tokens
- Developer incentive: 2.5% – 600 million XRD tokens
- Radix Foundation: 9.0% – 2.158 billion XRD tokens
- Liquidity Incentive: 0.8% – 200m XRD Tokens
- Radix Community: 12.5% – 3 Billion XRD Tokens
- Founder retention rate: 10% – 2.4 billion XRD tokens
- Stable Coin Reserve: 10% – 2.4 Billion XRD Tokens
- Network emissions: 50% – 12 billion XRD tokens
Additionally, there is the E-RADIX token, eXRD is a wrapped representation of XRD on Ethereum. In it, each eXRD is backed 1:1 by an XRD held in a secure third-party custodian.
The circulating supply of eXRD on Ethereum will vary depending on how much XRD is deposited and wrapped in eXRD. eXRD can be exchanged 1:1 with XRD via Instabridge.io or Bitfinex.
The eXRD/XRD Bridge allows users to move quickly between Ethereum and Radix. Users can buy XRD or eXRD on Bitfinex, Kucoin, Uniswap, gate.io, AscendEX, MEXC global, Zerion, and Hoo.
Radix Desktop Wallet
The Radix Desktop Wallet allows you to create an account, deposit, send and receive XRD tokens. You can also protect the Radix public network from attacks by staking XRD tokens.
To set up your wallet, download and install Desktop Wallet,[Create a new wallet]must be clicked.
The wallet will generate a random 12-word “seed phrase”. In the next step, you will need to enter randomly selected words from the seed phrase.
If you can’t remember the words in the correct order,[最初からやり直す]Click to start over and generate a new seed phrase.
Then choose a password and create a 4-digit PIN to create your account.
A summary of cardinal numbers
Radix’s comprehensive and integrated bottom-to-top technology approach makes Radix a place where Defi developers have everything they need to reshape global finance.
Blockchain and Defi are ushering in a new era for the global economy, and developers have a lot of work to do to make their dreams come true. Click here for more information on Radix.
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