Radix price

XRD

#259

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.

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.

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.

XRD is available on

• AscendEX
• Bitfinex
• Bitmart
• Digifinex
• Gate.io
• LBank
• MEXC
• P2PB2B
• Vindax
• WhiteBIT
• XT.com

Check out Polkadot (DOT) — a blockchain that serves as the basis for other blockchains.

Read our deep dive into layer-two solutions.

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• 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?