Radix allows a developer-friendly platform to create safe and powerful finance applications. The Radix team aims to rebuild finance in a way that is inclusive, convenient, cheap, and highly competitive. They enable innovators to fix the financial problems we all experience.
Radix removes limiting technology barriers by offering developers a full stack approach, re-engineering consensus, distributed virtual machines, executable on-network code, DeFi application building and developer incentives. The XRD token powers the Radix ecosystem.
Radix Engine Parallelizes dApps and Smart Contracts
So the big question is this: If we want Radix to process transactions – ranging from simple tokens sends to complex multi-dApp DeFi interactions – how does Radix Engine define substates and how does it define what substates are relevant in a given transaction?
Achieving Unlimited dApp Throughput
When talking about “scalability”, it’s easy to lose track of what’s important, particularly when it comes to the ability to scale a DeFi ecosystem. Today on Ethereum, dApps may be composable, but throughput is extremely low because all transactions, including smart contract calls, go through a single global consensus process that is very slow.
Here’s our validator node’s page on Radixscan.
Radix
Imagine what it really takes to remake global finance in a democratized model at the scale of hundreds of trillions of dollars and billions of users.
It means millions of developers with millions of great ideas building better financial products and services.
It means a system where the dApps (decentralized applications using smart contracts) that those developers write can offer just as much functionality at the same level of security that we’re used to today – or better – at unlimited scale and low cost on a decentralized network.
Radix is removing the technology barriers limiting the expansion of DeFi by building a layer-1 protocol that can directly address the needs of DeFi at global scale for the next 100 years.