Overview
Radix is a public, decentralized ledger built to support the creation of decentralized applications, with a focus on decentralized finance (DeFi) use cases. It uses a new sharded and atomically composable consensus algorithm called Cerberus to help secure the network while giving it theoretically unlimited linear scalability. Radix also features its own smart contract execution environment (i.e., virtual machine) dubbed the Radix Engine, which gives developers a plethora of new asset-oriented features that aims to make Web3 and DeFi development faster and more secure. The project is aiming to be an alternative base layer to blockchains like Ethereum for DeFi applications. Radix has a native token, XRD, that holders can use to participate in the network's Proof-of-Stake (PoS) consensus mechanism and earn inflation rewards.
Radix is a public, decentralized ledger built to support the creation of decentralized applications, with a focus on decentralized finance (DeFi) use cases. It uses a new sharded and atomically composable consensus algorithm called Cerberus to help secure the network while giving it theoretically unlimited linear scalability. Radix also features its own smart contract execution environment (i.e., virtual machine) dubbed the Radix Engine, which gives developers a plethora of new asset-oriented features that aims to make Web3 and DeFi development faster and more secure. The project is aiming to be an alternative base layer to blockchains like Ethereum for DeFi applications. Radix has a native token, XRD, that holders can use to participate in the network's Proof-of-Stake (PoS) consensus mechanism and earn inflation rewards.