Radix is a DeFi platform that aims to revolutionize financial interactions for the next generation. It offers a secure, scalable, and efficient alternative to traditional financial systems, making DeFi applications more accessible and inclusive. With innovative technology, Radix overcomes the challenges of existing blockchain systems, such as high transaction fees, scalability, and complex development environments.
The Radix platform uses a distributed ledger technology called the Radix Ledger, which employs a unique consensus mechanism called "Cerberus." By combining sharding and a Byzantine fault-tolerant consensus algorithm, Cerberus allows the network to process thousands of transactions per second while maintaining security and decentralization. This makes Radix a scalable solution for the DeFi sector, as it scales linearly with the number of network participants.
Developers can build and deploy dApps on the Radix platform using "Scrypto" - a programming language designed explicitly for financial applications. Scrypto comes with built-in functions and features that simplify the development process and reduce the risk of errors. This tailored development environment enables developers to focus on creating innovative financial products without being hindered by the technical complexities of traditional blockchain development.
XRD's has a total supply of 12,726,540,552. The current circulating supply of XRD is 10,326,540,552.
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