What Is the DeFi Network Radix (XRD)?

Radix is a cutting-edge layer 1 smart contract platform that empowers individuals to build fast, rewards those who contribute to its growth, and seamlessly scales without any friction.

Changing the world of DeFi with its intuitive asset-oriented programming language, and its groundbreaking Radix Engine, the first-ever programmable "DeFi Engine", but also Cerberus, a consensus algorithm that offers atomic composability combined with linear scalability. Read the Radix whitepaper for more details.

What makes Radix (XRD) unique?

An exceptional asset-oriented programming language Scrypto strives to greatly enhance the Web3 and DeFi developer experience by seamlessly integrating assets (tokens) as a native first-class feature of the language.

An unparalleled virtual machine Radix Engine As the world’s first "DeFi Engine," it is poised to revolutionize DeFi, much like game engines transformed game development.

A distinctive consensus algorithm, Cerberus, a one-of-a-kind consensus algorithm that "braids" consensus across an extensive "shardspace." With each transaction being cross-shard and atomic, Cerberus achieves a remarkable blend of atomic composability and linear scalability.

Here is a video explaining how Radix is changing the defi space:

What Is Radix (XRD) coin?

Released in July 2021, the RADIX coin is the native token of the Radix Public Network, with the ticker XRD.

XRD coin has a market capitalization of $567,493,529 with an all-time high price of $0.6538 USD on November 14, 2021. See also our widget XRD coin live price to check the price and where to buy the coin.

The total circulating supply is 10,249,863,814 XRD.

Where to buy RADIX?

Radix is currently listed on several exchanges including Bitfinex, Gateio, and Bitmart amongst others.

It can also be purchased through fiat-crypto trading pairs like USDC/XRD as well as crypto-to-crypto pairings such as BTC/XRD or ETH/XRD. (source: Coinmarketcap) 

• Buy Radix on a decentralized exchange using Uniswap

• Buy Radix on a centralized exchange using Gate.io 

History of RADIX

Radix founder Dan Hughes has extensively tested various consensus architectures, such as Blocktrees, Directed Acyclic Graphs (DAGs), Channeled Asynchronous State Trees (CAST), Tempo, and Cerberus. In 2017, Piers Ridyard assumed the role of CEO, leading to the project's rebranding as Radix. Subsequently, Radix secured additional funding from Taavet, the co-founder of TransferWise, and LocalGlobe, a prominent European VC. A major breakthrough occurred in 2020 with the introduction of Cerberus, the world's first cross-shard atomically composable consensus protocol, offering limitless linear scalability. Additionally, Radix unveiled Scrypto, its smart contract programming language, in December 2021. Notably, Radix's Olympia mainnet was launched in July 2021, with over $500 million worth of XRD currently staked as of February 2022. In 2020, Radix Tokens (Jersey) Limited, an entity based in Jersey (Channel Islands), was established as the token issuer and holder of Radix Foundation treasury.

What are some of the practical applications of RADIX technology?

Radix offers various industry solutions, such as using its technology to power decentralized finance protocols, secure digital identities, and provide layer-2 scalability. 

Additionally, Radix's consensus protocol can be used in a variety of sectors such as IoT, medical, and automotive industries.

Moreover, with the ability to trustlessly verify transactions on the RADIX platform without needing trusted third parties or miners, businesses and organizations can trust the accuracy of their data. 

Furthermore, RADIX's public ledger is useful for industry-wide recordkeeping, such as monitoring supply chain logistics and tracing the ownership of digital assets.

Finally, RADIX's technology is enabling more efficient software development processes that are faster to deploy and help increase productivity. 

Here is an image explaining some use cases:

RADIX wallet

You can now download the wallet on PC and MAC only. 

The Mobile phone wallet is Soon to be released but it will feature:

• A summary of all your smart accounts with a simple view of everything you own.
• A breakdown of the assets, 4 main listed: Tokens, NFTs, LP Tokens and Badges.
• Connecting your wallets to apps via Radix Connect with multi-factor authentification,

According to Matthew Hine, Chief Product Officer of Radix, the wallet introduces a new era of seamless engagement, making blockchain innovations more meaningful and accessible to individuals.

“Radix Wallet provides a user experience that gets out of the way and lets users engage effortlessly. It’s the kind of user experience that will make Web3, DeFi, and even the Metaverse actually relevant to people. You can’t build it on any network except Radix.”

You can have a great overview and explanation here:

As of the time of writing, Radix has 29k holders and over 200k followers on X platform (previously Twitter). 

Radix official website: https://www.radixdlt.com/