Radix DLT
Radix DLT offers a comprehensive DeFi and Web3 ecosystem with a user-friendly wallet, a unique consensus algorithm, and extensive support for developers through its programs and tools.
Radix Wallet Features
The Radix Wallet is the first DeFi and Web3 wallet designed for everyday users, facilitating secure and confident use of cryptocurrencies. Key features of the Radix Wallet include human-readable transactions that eliminate the need for blind signing and seed phrases. It also supports decentralized recovery, allowing users to implement multi-factor recovery without relying on seed phrases. Additionally, the wallet provides an intuitive display of NFTs, tokens, and other digital assets. Radix Connect ensures secure engagement with dApps across both mobile and desktop platforms.
Radix Smart Accounts
Radix leverages Smart Accounts to offer a non-custodial crypto experience that is both safe and fully decentralized. Utilizing these accounts, users can manage their assets securely without forfeiting control to a third party. These Smart Accounts are integral to maintain user autonomy and safeguard against potential security breaches. This non-custodial approach aligns with Radix's mission to provide a decentralized and user-friendly crypto environment.
Radix Token (XRD) and eXRD
The Radix Token (XRD) serves as the native cryptocurrency for the Radix network. It plays a vital role in securing the network through staking, accessing DeFi, deploying smart contracts, and paying for transactions. In addition to XRD, Radix also offers eXRD, a wrapped ERC20 version of the token issued on the Ethereum network. eXRD can be seamlessly swapped 1:1 for XRD, enhancing liquidity and accessibility across different blockchain platforms.
Radix Developer and Grants Programs
Radix supports developers through its specialized Developer Program, which offers enhanced technical support and guidance for those building on the Radix platform. The Radix Grants Program further bolsters development by providing financial support for innovative projects. These programs are part of Radix's commitment to fostering a robust and dynamic developer community, ensuring continued growth and advancement within the Radix ecosystem.
Radix Technology and Ecosystem
Radix operates on a full stack tailored for DeFi, incorporating elements such as its specialized programming language, Scrypto, and the Radix Engine, the world's first 'DeFi Engine' constructed for managing assets in complex dApps. The Cerberus consensus algorithm, which went live with the Radix mainnet in July 2021, powers the Radix Network by allowing parallel execution while maintaining atomic composability. Radix also features Instabridge for seamless bridging on and off the network, and RadixCharts, a community-driven analytics platform. This interconnected ecosystem supports a variety of user-friendly dApps, ensuring users maintain control over their assets and identity.