e-Radix (EXRD)
Official Website: https://www.radixdlt.com/
What is Radix?
Radix is a public, decentralized ledger that focuses on decentralized financial (DeFi) use cases. It makes use of a new consensus algorithm known as Cerberus to assist protect the network while also increasing its performance (i.e. scalability), which may be desirable for certain applications. The Radix Engine, Radix's own smart contract execution environment (i.e., virtual machine), allows developers to bind business assets to pre-built Radix components. The project aims to be an alternate base layer for DeFi applications to blockchains like Ethereum. Radix includes a native currency, XRD, that holders may use to earn inflation rewards by participating in the network's Proof-of-Stake (PoS) consensus mechanism. e-Radix, or eXRD, is Radix's current token.
Team
Dan Hughes, the creator of Radix and the current CTO, began experimenting with Bitcoin in 2011, looking for methods to make it more scalable. He discovered that the Bitcoin Blockchain's capabilities halt at roughly 700-1000 transactions per second after experimenting with several ways, including raising the block size and employing the best available hardware. To help strengthen its capabilities, he opted to plunge deeper into the decentralised ledger rabbit hole.
Hughes initiated the eMunie project in 2013 utilising the bitcointalk.org forums. He experimented with many base layer scaling methods for decentralised protocols, including Block trees, DAGs, and Channel Asynchronous State Trees, between 2013 and late 2016, before deciding on a data structure called Tempo.
Dan began work on Radix, a new decentralised ledger technology using Tempo at its core that was designed to assist smart contract development. Radix was able to achieve excellent levels of performance during its testnet phases because to Tempo, according to the team.
Radix is still in the works. However, the next generation of Radix technology is Cerberus, a three-phase commit consensus mechanism that attempts to increase network security without sacrificing scalability. The Radix Engine, a smart contract execution environment, will be added to Cerberus, allowing developers to build new assets and applications on top of the protocol.
Roadmap
Babylon (2022)
Babylon adds all of Alexandria's initial Scrypto/REv2 capabilities to the Radix Public Network, as well as their unique approach to on-ledger development libraries, the Blueprint Catalog, and the Radix Developer Royalties system.
This is where they intend Radix Engine v2 to truly realise true potential: demonstrating that it is quick, straightforward, and secure to build DeFi dApps, with more capabilities provided in the future by Radix and our community to take it even further.
Xi’an (2023)
The Xi'an release will include a fully sharded version of our Cerberus consensus protocol, as explained in the Cerberus Whitepaper and Infographic Series.
Some viable implementations of sharded Cerberus are now being tested and displayed live on Twitch on the Cassandra test network.
Radix will have infinite linear scalability and unlimited atomic composability thanks to Xi'an. Both of these qualities are exclusive to Radix and are essential if DeFi is to expand to meet the future demands of billions of people.
Token Usage
Radix will initially release its XRD coins as an ERC-20 on Ethereum in order to increase its circulation. Before launching a Proof-of-Stake (PoS) network, the Radix team thinks that a diversified collection of stakeholders is required to optimise staking participation and limit any supply concentration. Furthermore, integrating a new protocol into current infrastructure, like as exchanges and wallets, can be time-consuming. The release of an ERC-20 token may allow Radix to pace the integration process and provide token holders with more initial custody options.
When the Radix mainnet starts, the team intends to migrate XRD to its final, native version. Native XRD tokens will be utilised for transaction fees as well as network security via the Proof-of-Stake (PoS) Sybil resistance mechanism.
Where to Store E-Radix (EXRD)
EXRD can be stored in Atomic wallet which can be downloaded on to a preferred device such as a mobile phone or PC. Other than EXRD, Atomic supports a wide range of cryptocurrencies making it ideal for users looking to hold multiple coins.
EXRD can also be stored in Trust wallet. Trust wallet is a wallet that can hold a wide variety of cryptocurrencies such as EXRD making it highly desirable for users who wish to have a varied portfolio. Being owned Binance, it also a very trusted wallet in the crypto community.
Where to Buy and Sell E-Radix (EXRD)
You can Buy & Sell E-Radix (EXRD) by heading over to the Buy Coins page of our website. E-Radix (EXRD) is available on BC Bitcoin trading against major fiat currencies: GBP and EUR. Buying EXRD has never been easier, simply place your order and provide your wallet address.
Once your payment arrives, E-Radix will be sent directly to your wallet. If you choose to Sell E-Radix (EXRD) you can send us the coins and receive a payment to your bank account. Details and valuation can be found on the Sell Coins page.
E-Radix (EXRD) Resources
Website: https://www.radixdlt.com/
Block Explorer: https://etherscan.io/token/0x6468e79A80C0eaB0F9A2B574c8d5bC374Af59414
Twitter: https://twitter.com/RadixDLT
Github: https://github.com/radixdlt
Disclaimer: The information provided in this article is intended for informational purposes only. It is the readers responsibility to complete their own research and due diligence.