Radix Announces Mainnet Launch, Representing an Important Milestone in the DeFi Industry
July 29 2021 - 04:18AM
NEWSBTC
Radix, the Platform for Smart Money, today announced the launch of
the Radix Public Network (“mainnet”). The “Olympia” release
represents the next, deliberate step on the planned roadmap to a
frictionless financial future, bringing with it the world’s only
“Single Sign-On for Compliance.” Over the past 4 months, Radix has
seen more than 400% growth in token holders and an 81% increase in
market cap. The “Olympia” release of Radix is a generational
improvement in the history of decentralized ledger computing, with
more than 100 times executional efficiency compared to the Ethereum
Virtual Machine (EVM). Such monumental gains are nothing new to
Radix, as the protocol has frequently received industry-wide
recognition for “addressing the scalability trilemma better than
anyone.” Now, following a successful beta network deployment
in April, Radix is equally known for consistently delivering on the
world’s first roadmap-driven Decentralized Finance (DeFi) protocol
and doing so at a pace that exceeds other networks. “We have never
wavered from our focus on the DeFi end game, a world of
frictionless financial applications with no barriers to
competition,” said Radix CEO, Piers Ridyard. “To get there
requires a clear, roadmap-driven approach to protocol development
and a deep understanding of how the traditional world of finance
works. Today’s battles of DeFi are simply irrelevant since the real
opportunity is mainstream adoption.” Just one example of Radix’s
future-oriented development comes in the form of Instapass, a
powerful service that enables “1-click compliance” for any
decentralized application (dApp). With Instapass, a user will be
able to provide the necessary information to meet regulatory
requirements one time only and then share those credentials (with
permission) to any dApp as necessary. Instapass will revolutionize
dApp development by simplifying the process of integrating
compliance functionality, accelerating time-to-market and reducing
compliance risk for businesses. The release of the Radix Public
Network also represents the first opportunity for XRD token holders
to earn rewards by contributing to network security through
staking. With over 300 million tokens awarded per year to stakers,
and an EIP-1559-like token burn with each transaction, the
proverbial land rush among XRD token holders has commenced with
intensity and ferocity. “Crypto is an economic revolution and the
Radix team understands that as well as anyone,” said Balder Bomans,
Partner at Maven 11. “The smart money is coming into crypto fast
and, as the platform for smart money, Radix is focused on – and
executing for – the long game of DeFi. With the release of mainnet,
they are becoming a legitimate player in the space.” About
Radix Radix is the first layer-one protocol specifically built to
serve DeFi. Radix is “layer 1 DeFi done right” because it is the
only decentralized network where developers will be able to build
quickly without the constant threat of exploits and hacks, where
every improvement will get rewarded, and where scale will never be
a bottleneck.
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