Press Releases
By TCA PR
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Radix DLT has recently made waves in the cryptocurrency community, specifically the DeFi space, as it is expected to quickly become one of the biggest players.
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Feature One: Radix & Ren Wrapping Services
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A wrapped token is an asset hosted on one blockchain that is not its native one, with the same price as the original.
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Radix has brought the same feature to its own project through a partnership with the Ren Protocol, becoming part of the Ren Alliance along with a number of other projects.
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With this partnership, Radix has made the first step towards bridging the gap between the Ethereum ecosystem and others who would provide layer-1 solutions in the DeFi space.
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As Radix puts it simply, “The world runs on open source code.” But when it comes to contributing to open source code, many developers find that the only incentive they have is…
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The Radix team wants all their contributors to have a financial reward for participating, no matter how much they were able to build.
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Radix reinvents smart contracts through a feature they call Components. Whenever a developer creates a Component, they get to set a royalty fee that is later paid to them…
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This means that both developers who would like to create a single Component they believe will be useful in the future and those who want to stay with Radix for longer periods of…
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Perhaps not a feature as such -- every distributed ledger needs a consensus algorithm. The one used by Radix is called Cerberus and is based on practical Byzantine fault…
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Cerberus introduces sharding to the process of reaching consensus. In other words, instead of having the whole network vote on every single issue, related commands are grouped…
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A term often used when talking about scalability is the so-called scalability trilemma, coined by Ethereum’s founder Vitalik Buterin, which states that between security,…
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Cerberus, along with other Radix features, is set to fix the issues in DeFi that Radix lists in their DeFi whitepaper, like speed, scalability, and the lack of incentives.
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Given the current breakneck speed at which the DeFi industry is growing, the features Radix is introducing are expected to ensure the growth is sustainable by preparing the…
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