Radix DLT - Decentralized protocol based on DeFi

 




The field of DeFi projects is actively developing today as never before. New projects regularly appear that offer decentralized finance services, even despite the big technical problems associated with this industry, such as low scalability, low bandwidth and frequent hacks caused by blockchain and smart contract vulnerabilities.

    • However, all these problems of the DeFi industry may soon become a thing of the past, because a platform is being developed that will provide decentralized finance projects with a reliable and secure blockchain with the necessary functionality and bandwidth.

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The project is called Radix . The DLT solution, which is being developed by the Radix team , will have a throughput of over 1,000,000 transactions per second and of course will have support for smart contracts and custom tokens.

This will allow the DeFi industry to become more serious and reliable, and the users of these very projects will forget about all the problems I described above. Especially about security issues, which the creators of Radix pay increased attention to.

Radix 's own development, the Cerberus protocol, will be responsible for the stability and reliability of the Radix system . This protocol supports data sharding and has an extremely high level of Byzantine fault tolerance. In addition, the creators of Radix , who are developing their project specifically for use in the DeFi industry, have taken care of all possible vulnerabilities in advance, such as the "Sibyl attack" or the "state machine replication" problem.

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The Radix blockchain will be served by the Proof of Stake consensus algorithm . Which is already quite affordable in terms of a low threshold of entry, however, the creators of Radix do not want to dwell on the classic version of the PoS model.

    • The team plans to build the economy so that the minimum amount for staking on the Radix blockchain is as small as possible, so that everyone can join the transaction confirmation process on the Radix network , thereby ensuring its reliability and uptime.

After all, the more validators there are in the network, the more difficult it is to crack it . In this case, the speed of work will not be affected, since both the sharding concept and the partial synchronization system will be implemented in the Radix network , which will neutralize the decrease in the speed of work from the presence of a large number of validators in the network.

Thus, the Radix blockchain will have to achieve the perfect balance between security and speed, which is what the DeFi industry needs today, projects in which today are forced to put up with either secure, but extremely slow Ether, or fast, but poorly decentralized Tron or EOC blockchains.

    • The internal cryptocurrency of the Radix project will be called XDR. Initially, the creators are planning to issue 12 billion XDR coins , which will initially be locked and thawed gradually over the years. And since the Radix blockchain is currently under development, the Radix team plans to provide the community with its own ERC 20 token this fall , which can be used in DeFi projects as long as the main blockchain and cryptocurrency are in development.

But beyond security and speed, Radix has n't forgotten about other aspects that are important to the DeFi market, namely liquidity and simplicity. Therefore, the Radix blockchain is initially designed to be as standardized as possible in order to provide a low entry threshold for both dApps creators and their users.

Liquidity will be boosted by the internal tools of the Radix blockchain , such as an API , which will allow developers to access various liquidity providers directly through code, without using third-party, centralized solutions.

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And I think this approach is correct. After all, now DeFi projects operate on blockchains that were not designed for their volumes and needs - and Radix, in my opinion, will be able to solve all current problems and bring the decentralized finance market to a new level.

☀️ Website: https://www.radixdlt.com

☀️ ️ Twitter: https://twitter.com/RadixDLT

☀️ ️ Telegram: https://t.me/radix_dlt

☀️ ️ Facebook: https: //www.facebook. com / RadixDLT

☀️ ️ Reddit: https://www.reddit.com/r/Radix

☀️ ️ Medium: https://medium.com/@radixdlt


 

author : abung


profile : https://bitcointalk.org/index.php?action=profile;u=2662588


wallet : 0x1F5a217bfA52370cAbF3BA7aC9C041660BB17E1c

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