What Is Radix (XRD)?

Radix (XRD) is a decentralized network where developers can build swiftly without worrying about exploits or hacks. The website states that building can be done in such a way that every enhancement gets rewarded, and size is never an issue. Radix is the native token of the platform. The ticker symbol used for the token is XRD. Olympia, the first iteration of the Radix mainnet, is protected via delegated proof of stake, which makes staking extremely simple.

Radix is developing an open, interconnected platform on which a wide range of sophisticated DeFi applications can be developed in a secure and safe manner. The platform aims to construct a path to unlimited scalability along with developing royalties and a noble building experience for the users. 

Further, the token intends to power the XRD ecosystem as the same is needed for securing the network through the process of staking, deploying smart contracts, accessing DeFi, as well as paying the transactions. Apart from the native XRD token, the platform also provides eRADIX, also known as an eXRD that is a wrapped ERC20 of the Radix, which is issued on the Ethereum network. The token is found for trading on the major platforms too. Finally, the Radix platform is a collection of four fundamental technologies that, layer by layer, address all four major impediments to DeFi growth. 

According to the whitepaper, the result, however, is a platform where transactions are quick, cheap, and secure, where scale is unlimited, and connections between apps are seamless. 

History of Radix (XRD)

Dan Hughes is the founder and CTO at Radix. Piers Ridyard is the CEO of Radix.

The team is claimed to consist of tenured and professional developers that aim to deliver excellence as well as complex products.