Radix is a layer 1 smart contract platform built to create a Web3 future for everyone, not just the innovators here today. A future where our friends, family and colleagues can confidently participate.
After 10 years of research, testing and development, Radix has built a highly optimized stack of custom technologies that tightly integrates wallet, programming language, execution environment, and consensus algorithm.
Users, with the Radix Wallet, can confidently use Web3 and DeFi with human-readable transactions, transaction guarantees, native assets, and more.
Developers, with Radix's Scrypto programming language, can build secure, production-ready dApps in a fraction of the time.
## Who Are the Founders of Radix?
Dan Hughes, based in the UK, discovered Bitcoin in 2012. With his background in developing telecommunications technology, he could see the tremendous impact that blockchain could have on global finance and more. Having researched Bitcoin for a year, he started eMunie (later renamed Radix) on Bitcointalk in May 2013.
For the next five years, Dan focused on solving the biggest problem of the day: scalability. He invented and tested multiple consensus architectures, including Blocktrees, Directed Acyclic Graphs (DAGs), Channelled Asynchronous State Trees (CAST), Tempo, and Cerberus.
In 2017 Piers Ridyard joined as CEO, the project was renamed Radix, and funding was raised from Taavet Hinrikus the co-founder of TransferWise; and LocalGlobe, a leading European VC.
The breakthrough of Cerberus in 2020 created the world's first cross-shard atomically composable consensus protocol - capable of providing unlimited linear scalability.
2020 also saw the launch of Radix Tokens (Jersey) Limited, the Jersey (Channels Islands) entity that issued XRD and holds the Radix Foundation treasury. The RTJL CEO is Andrew Jarrett.
In July 2021 the first iteration of the Radix Public Network, “Olympia”, went live.
The game changing DeFi development language, Scrypto, was released in early access form in December 2021.
Radix’s “Babylon” mainnet upgrade went live on September 28 2023, bringing smart contracts written in Scrypto and the Radix Wallet to mainnet. Since then, the Radix ecosystem of dApps has continued to develop, offering innovative new Web3 and DeFi products.
## What Makes Radix Unique?
Radix is unique across every level of its technology stack, providing:
A unique asset-oriented programming language, Scrypto, that aims to substantially improve the Web3 and DeFi developer experience by providing assets (tokens) as a native first-class feature of the language.
A unique virtual machine Radix Engine (the world’s first “DeFi Engine”) that promises to do for DeFi what game engines did for games development.
A unique consensus algorithm, Cerberus, that “braids” consensus across a massive “shardspace”. With every transaction being cross-shard and atomic, this is what gives Cerberus its unique combination of atomic composability with linear scalability.
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Get the latest crypto news and latest trading insights with the CoinMarketCap blog.
## How Many Radix (XRD) Coins Are There in Circulation?
The RADIX token is the native token of the Radix Public Network, with ticker XRD.
**Purpose**: XRD is used to secure the Radix Public Network by staking it as part of Radix’s Delegated Proof of Stake system. XRD is also the only token that is used to pay transaction fees on Radix, which are burnt.
**Supply & Allocation**: XRD has a maximum supply of 24Bn tokens:
* 12Bn was allocated at the genesis of the Radix Public Network.
** 9.6Bn of these tokens are unlocked.
*** At least 4.62Bn XRD are circulating in the hands of the public, an amount that will continue to grow due to network emission rewards as part of Radix’s Delegated Proof of Stake system.
** 2.4Bn are indefinitely locked in the stable coin reserve.
* 12Bn XRD is being minted by the Radix Protocol as network emission to reward stakers and validators over an approximately 40 year period. Network emission commenced with the genesis of the Radix Public Network in July 2021.
For the allocation of XRD, please see: How was the XRD token allocated?
## How Is the Radix Network Secured?
Radix uses a unique BFT-style consensus algorithm called Cerberus. It took seven years of research, starting in 2013 and culminating in the Cerberus Whitepaper in 2020.
In its final form, Cerberus represents a radically different paradigm in the design of decentralized Distributed Ledger Technology systems. It is the only protocol that is designed so that all transactions are atomically composed across shards. This is a critical feature if DeFi is to ever scale to billions of users.
Cerberus is also supported by the Radix network's Delegated Proof of Stake (DPoS) system to protect against Sybil attacks. This is where holders of the XRD token can delegate stake to validator node-runners.
## Where Can You Buy Radix (XRD)?
XRD is available on
* AscendEX
* Bitfinex
* Bitmart
* Digifinex
* Gate.io
* LBank
* MEXC
* P2PB2B
* Vindax
* WhiteBIT
* XT.com
How to buy XRD on an Exchange
Step 1: Choose a Reputable Exchange Platform
Select a trusted platform from among many available options for purchasing XRD. Some reputable platforms includeBybit、OKX、Binance, and others.
Step 2: Register an Account
Here, we'll register an account on the Gate.io (registration link) trading platform. You may need to provide personal information such as phone number and email to complete the registration process.
Step 3: Complete Identity Verification
For security purposes, some platforms may require you to complete identity verification. Follow the platform's instructions to provide necessary identity information (such as country/ID number) and undergo facial recognition. Once your identity is confirmed, you'll receive notification.
Step 4: Link Bank or Payment Method
Link your bank account or other payment methods to the exchange platform for making payments when purchasing XRD.
Step 5: Purchase XRD
Find the option to buy coins on the exchange platform, choose the C2C coin purchase process, and then input the quantity of XRD you wish to purchase. Typically, you'll choose to XRD USDT first and select your preferred payment method. Simply place the order, make the payment to the seller, and you'll receive the cryptocurrency. Once payment is complete, you can use your exchange assets to buy XRD.
Step 6: Store Your XRD
After purchasing, you can choose to store your XRD in the digital wallet provided by the exchange platform or transfer it to a hardware wallet under your control.
Step 7: Security Reminder
To protect your exchange account and XRD assets, be sure to use a strong password and enable two-factor authentication.
XRD Price:Radix (XRD) is a first-layer protocol built specifically for DeFi purposes. Radix aims to be the "first layer DeFi done right," aiming to prevent the increasingly common risks of abuse and hacking attacks without compromising its scalability. The protocol adopts a novel consensus mechanism called Cererus.The price fluctuates daily, You can go to the exchange: Gate.io to check the price.
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