What is e-Radix (EXRD)?

What is Radix (XRD)?

Radix is a smart contract platform that tackles the decentralization of the $400 trillion global financial system as its main goal. Radix has been in development for over nine years and has recently introduced Scrypto, an asset-oriented programming language, Radix Engine, the first programmable "DeFi Engine," and Cerberus, a consensus algorithm that offers atomic composability and linear scalability. It's poised to make waves in the world of DeFi.

What is e-Radix (EXRD)?

The token known as eXRD is essentially a wrapped version of XRD on the Ethereum network. Its purpose is to serve as a permanent link between the Radix and Ethereum networks, allowing for seamless exchange of the two currencies. eXRD was first introduced as an ERC20 token on the Ethereum network back in November of 2020, and it can be exchanged 1:1 with XRD through platforms like Instabridge or exchanges. One key benefit of eXRD is that it will never expire, so users can always swap between eXRD and XRD. It is worth noting that the exchange rate between eXRD and XRD should remain relatively stable, thanks to arbitrageurs who work to keep the two currencies at parity.

Who are the Founders of Radix?

Dan Hughes, a UK-based developer with a background in telecommunications technology, discovered Bitcoin in 2012. Recognizing the potential of blockchain technology to revolutionize global finance and beyond, he founded eMunie on Bitcointalk in May 2013, which was later rebranded as Radix. Over the next five years, Dan focused on solving the scalability issue by inventing and testing multiple consensus architectures such as Blocktrees, Directed Acyclic Graphs (DAGs), Channelled Asynchronous State Trees (CAST), Tempo, and Cerberus.

In 2017, Piers Ridyard joined as CEO, and the project was renamed Radix. Funding was secured from Taavet Hinrikus, the co-founder of TransferWise, and LocalGlobe, a leading European VC. In 2020, the breakthrough of Cerberus led to the world's first cross-shard atomically composable consensus protocol, capable of providing unlimited linear scalability. Radix Tokens (Jersey) Limited, the Jersey (Channels Islands) entity that issued XRD and holds the Radix Foundation treasury, was launched in 2020, with Andrew Jarrett as CEO. The Radix Public Network's first iteration, "Olympia," went live in July 2021. The DeFi development language, Scrypto, was released in early access in December 2021. Radix's "Babylon" release, which will bring production smart contracts written in Scrypto onto mainnet, is scheduled to launch in the first half of 2023.

What makes Radix Unique?

Radix stands out in every aspect of its technology stack, offering unparalleled features:

An innovative programming language called Scrypto that prioritizes assets (tokens) as a first-class feature of the language, significantly improving the developer experience for Web3 and DeFi.

A one-of-a-kind virtual machine known as Radix Engine, the first-ever "DeFi Engine" that aims to do for DeFi what game engines did for game development.

A unique consensus algorithm, Cerberus, that "braids" consensus across an enormous "shardspace." Cerberus enables atomic composability with linear scalability, making every transaction cross-shard and atomic for a truly remarkable combination.

Conclusion

Based on the aforementioned points, it can be inferred that e-Radix is a cryptocurrency that presents many crucial benefits and features. With its strong ecosystem, privacy, scalability, and environmentally friendly approach, e-Radix is emerging as a promising contender in the world of digital currencies. As the popularity of cryptocurrencies continues to rise, e-Radix presents itself as an excellent option for individuals looking for reliable, secure, and efficient transactions.