Have you heard about Radix yet?
Radix is a very promising "new" cryptocurrency, or DLT (digital LEDGER technology). I say new in quotes because the founders have been working on the Radix protocol for quite a long time; years before the ICO boom of 2017 actually. Which in crypto term is like the olden days. These guys are OG's, and have some real game changing tech to unleash on the DEFI world.
Here's the Radix official website - https://www.radixdlt.com/
There's a fair bit too unpack to fully understand what makes up the Radix technology stack. To give us a head start lets leverage our old friend Youtube. I recommend starting with this video Box Mining on Youtube put together this excellent overview.
Pro tip: if you click on the settings cog in the lower right corner of the video player on Youtube you can speed up the video to 1.5 speed to save tons of time. Okay go give that a watch and come back... I'll wait here.
...twiddles fingers patiently ;)
Done? Great!
Welcome back! Did you watch the whole thing? Awesome video huh!
So now what we have a better understanding of what makes Radix work, and how it can potentially stand apart from competitors. With the built in potential for open source developers to create passive income streams by working with Radix, and the leap in scaling technology Radix may just be the dark horse DEFI has been waiting for.
What do you think is the most promising part of what Radix is offering?
I'm personally interested if Radix scaling tech could help the current issues with creating/trading Non-fungible tokens, but that's a whole 'nother blog post.
I should also mention that Radix is currently (as of October 8th, 2020) holding a public token sale. If they've sold out, or you just don't happen to be able to spare the minimum 5K USD of Ethereum needed to take part you can always join the Radix Ambasador program.
To find more info on what's shaking in the Radix community check out the social channels linked below.
- Telegram
I really recommend reading the Radix White Paper(s) for yourself when you have time to pour a nice relaxing drink, and settle.
Turns out something good is happening in 2020 after all!
