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What is Radix all about
Radix is a layer-one protocol that aims to remove the limitations of DeFi. Radix knows that the future of DeFi lies in the hands of developers. As such Radix provides solutions to remove the barriers that hold developers back. With Radix, the developers will be able to build secure, complex DeFi applications fast.
The first problem Radix combats is code modularity. Standard, standalone smart contracts are difficult to reuse and standardize. This means constant reimplementation for even the simplest of functionalities, like tokens. Radix's solution is the implementation of an on-network Blueprint Catalogue. This is a library of standardized, modular pieces of code, that are easy to access, use, and modify. Thanks to Radix's open-source nature, developers can also contribute to the catalogue. Contributing developers receive royalty fees, whenever their components are used by project creators.
Smart contracts on the Radix network are "asset-oriented" contracts, planned for DeFi use. Development of these contracts is possible thanks to the Radix Engine environment and the Scrypto programming language. This approach not only makes development easier but also safe from exploits and hacks.
Scalability is one of the most common issues when talking about blockchain technology. Slow network throughput creates problems for both users and developers. Radix offers a solution to dApps scalability - a unique consensus protocol called Cerberus. Cerberus offers a different approach to Distributed Ledger Technology (DLT). It is a sharded protocol that utilizes the atomic composability system. Atomicity means that many actions can be contained within a single transaction. Composability, on the other hand, allows for seamless interoperability of dApps. This allows Cerberus to gain almost infinite linear scalability. The more nodes are introduced to the network, the faster the linear throughput of the system becomes.
The Radix token (XRD) is the native token of the Radix Public Network. XRD has a total supply of 24 billion tokens. XRD may be used to stake on the Radix network, which uses the Delegated Proof of Stake (DPoS) system. Stakers help secure the network while earning XRD tokens as rewards. XRD is also used to pay for transaction fees on the network. XRD also finds use in various dApps that are built in the Radix DeFi ecosystem.
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XRD Questions & Answers
How much does Radix cost today?
Price of Radix today is 0.05825400 EUR.
What was the highest price of Radix?
The highest price of Radix was registered on 2021-11-14, when it was at 0.57 EUR.
Is Radix expected to increase in value in 1 month time?
On the basis of our short term prediction, we expect, that Radix's cost will reach between €0 and €0.11 in one month.
What will Radix cost in 3 months?
Based on our prediction algorithm we estimate the value of Radix will be between €0 and €0.11 3 months from now.
What price will Radix reach 6 months from now?
The process of predicting the future over the long term is very challenging, but in accordance with our prediction algorithm we estimate that the value of Radix will be between €0 and €0.12 in half a year.
Do online users engage in Radix discussions?
8484 people subscribe to Radix's Reddit channel. Radix's official Twitter profile is followed by 185690 people.
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