Radix

Radix

XRD
$0.03461869%-0.03

Key Metrics

Price$0.03461869
Real Volume (24H)$169,608
Marketcap$348,123,458
Fully Diluted Valuation$100,000,000
ATH$0.651264
ATH Date11/14/2021, 7:09:27 PM
ATL$0.03145312
ATL Date11/30/2022, 2:20:09 AM
Circulating Supply10B
Total Supply12B
WebsiteN/A
WhitepaperN/A
Popularity Rank90
Chart
What is Radix?

Radix is a decentralized network that aims to provide a secure and efficient environment for developers to build and enhance their applications. The platform utilizes a native token, XRD, which is used for a variety of functions including staking, deploying smart contracts, accessing decentralized finance (DeFi) applications, and paying for transactions.

One of the key features of Radix is its focus on scalability and security. The platform's first iteration, Olympia, is protected via delegated proof of stake, which makes staking simple and secure. Additionally, Radix is developing an open, interconnected platform that can support a wide range of sophisticated DeFi applications in a safe and secure manner.

Furthermore, Radix also provides a wrapped ERC20 token, eRADIX, which is issued on the Ethereum network and can be traded on major platforms. This allows users to access the benefits of the Radix ecosystem while still being able to use their existing Ethereum wallets.

The Radix platform is built on four fundamental technologies that address the major impediments to DeFi growth, including scalability, security, interoperability, and developer experience. These technologies work together to provide a powerful and efficient environment for developers to build and enhance their applications.

In summary, Radix is a decentralized network that aims to provide a secure and efficient environment for developers to build and enhance their applications. The platform utilizes a native token, XRD, for a variety of functions, including staking, deploying smart contracts, accessing DeFi, and paying for transactions. Additionally, Radix also provides a wrapped ERC20 token, eRADIX, which can be traded on major platforms. The platform is built on four fundamental technologies that address the major impediments to DeFi growth, making it an ideal choice for developers looking to build sophisticated DeFi applications.

Another key aspect of Radix is its focus on developer experience. The platform is designed to be easy to use and understand, allowing developers to focus on building and enhancing their applications rather than worrying about the underlying technology. Additionally, Radix rewards developers for enhancements made to their applications, providing a financial incentive to continue building and improving the platform.

The Radix ecosystem is also designed to be highly interoperable, allowing different applications to communicate and interact with each other seamlessly. This allows for the creation of new and innovative use cases and opens up new opportunities for developers to create value for their users.

Additionally, Radix is committed to building a sustainable and decentralized ecosystem. The platform is funded by a community of supporters, and the Radix Foundation is dedicated to promoting the growth and development of the ecosystem.

In conclusion, Radix is a decentralized network that aims to provide a secure and efficient environment for developers to build and enhance their applications. The platform utilizes a native token, XRD, for a variety of functions, including staking, deploying smart contracts, accessing DeFi, and paying for transactions. Additionally, Radix also provides a wrapped ERC20 token, eRADIX, which can be traded on major platforms. The platform is built on four fundamental technologies.

Disclaimer

The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

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