Radix is a new Layer 1 protocol and decentralized network. This protocol enables developers to build without a constant thread of hacks or exploits. In Redix protocol, the scale will never be a bottleneck, and every improvement will get rewards.
Redix is distributed ledger technology and made for Decentralized Finance or DeFi applications. This means they are fast, scalable, secure, and maintain atomic composability. They achieve all of this with their Cerberus consensus mechanism, built from the group up, and their own Radix Engine + Components, which is similar to Ethereum's EVM and Solidity language.
EXRD is ETH wrapped of XRD. This token is launched to build effective bridges between Ethereum and Radix and integrate key infrastructure pieces and use this token for securing the network, accessing DeFi, deploying smart contracts and paying for transactions.
A core piece of the Radix solution is unique Consensus algorithm, Cerberus. Cerberus is designed around a concept which is called “pre-sharding” where, rather than trying to add sharding to a monolithic ledger, we start by splitting the ledger into a “shard space” of a number of shards so large as to be practically unlimited. Cerberus is designed as a suitable core for Radix, a distributed ledger technology (DLT) platform intended for a variety of deployments including global-scale decentralized public networks.
Cerberus requires an application layer that specifies dependencies so that it may implement partial ordering, only ordering commands which are related. Cerberus’s “shards” represent these dependency relationships between commands. Commands that do not share a partial ordering relationship also do not share shards and can be safely executed in parallel.
A Radix node combines a Cerberus-based Radix Ledger with an application layer called the Radix Engine. A collection of Radix nodes make up a Radix network called a “universe”, and transactions created by the Radix Engine are called “atoms”. Atoms contain a set of discrete updates to finite input/output state machines called “particles”.
As might be expected, atoms must be committed or rejected by Cerberus consensus atomically; either all particles within the atom are valid and the atom is committed, or one or more particles are invalid and the atom is rejected. Radix Engine atoms and their particles map neatly to Cerberus commands that specify related state changes. The particles themselves define the mapping of the atom to shards, with each particle mapping directly to a shard (the particle/shard addressing scheme is described below in Particle Identifiers).
Radix by building a layer-1 protocol that directly addresses the technology needs of DeFi, aims to remove the technology barriers limiting the expansion of DeFi. This is a full-stack approach, distributed virtual machines, re-engineering consensus, executable on-ledger code, DeFi application building, DeFi component building,, and developer incentives.
e-Radix (EXRD) Token's market capitalization has started a downward trend from August to October. However, during November, we have been witnessing a significant pump in the market cap trend, leading to a reach rank of 408 to 256 among all cryptocurrency projects.
Currently, the market cap value is over $311 million, and its price has seen a sharp jump over the same period, starting at $0.109 in October 2021, reaching $0.32 at the time of writing this post. However, EXRD's liquidity score is 31% below the market's average score, which makes it difficult for the token owners to sell their tokens in the cryptocurrency market.
Gaining public attention is another critical factor in determining if a project could be successful or not. Our data show that EXRD's popularity on Twitter increased by 340% over the last four months. Impressive! Moreover, Telegram channel users and Reddit subscribers saw a 35%, 54% growth, respectively.
EXRD's Return On Investment (ROI) over the past month was 135%. However, similar projects and top 1500 projects, experienced 34,826% growth. However, it is soon to talk about the annual ROI of EXRD.
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