Dan Hughes, based in the UK, discovered Bitcoin in 2012. With a background in developing telecommunications technology, he recognized the significant potential that blockchain held for global finance and beyond. After a year of researching Bitcoin, he launched eMunie (later renamed Radix) on Bitcointalk in May 2013. For the subsequent five years, Dan dedicated his efforts to addressing the primary issue of scalability. He invented and tested various consensus architectures, including Blocktrees, Directed Acyclic Graphs (DAGs), Channelled Asynchronous State Trees (CAST), Tempo, and Cerberus. In 2017, Piers Ridyard joined as CEO, prompting the renaming of the project to Radix, and funding was secured from Taavet Hinrikus, co-founder of TransferWise, and LocalGlobe, a prominent European venture capital firm. The breakthrough with Cerberus in 2020 resulted in the creation of the world’s first cross-shard atomically composable consensus protocol, offering unlimited linear scalability. Additionally, 2020 marked the launch of Radix Tokens (Jersey) Limited, the Jersey (Channel Islands) entity that issued XRD and manages the Radix Foundation treasury, with Andrew Jarrett serving as CEO. In July 2021, the initial iteration of the Radix Public Network, dubbed “Olympia,” became operational. The groundbreaking DeFi development language, Scrypto, was released in early access in December 2021. Radix’s “Babylon” mainnet upgrade went live on September 28, 2023, introducing smart contracts written in Scrypto and the Radix Wallet to the mainnet. Since that time, the Radix ecosystem of dApps has continued to evolve, presenting innovative new Web3 and DeFi products. For further details, visit Eulerpool.

Radix stands out at every level of its technology stack, offering: A distinctive asset-oriented programming language called Scrypto, designed to significantly enhance the Web3 and DeFi developer experience by integrating assets (tokens) as a native, first-class feature of the language. An innovative virtual machine, Radix Engine, known as the world’s first “DeFi Engine,” which aims to revolutionize DeFi in the same way that game engines transformed game development. A groundbreaking consensus algorithm, Cerberus, which intricately intertwines consensus across an extensive “shardspace.” Every transaction is cross-shard and atomic, providing Cerberus with its unique blend of atomic composability and linear scalability. For more details, visit Eulerpool.

The RADIX token, denoted by the ticker XRD, is the native token of the Radix Public Network.

Radix employs a distinctive BFT-style consensus algorithm known as Cerberus, the result of seven years of research beginning in 2013 and culminating in the release of the Cerberus Whitepaper in 2020. Cerberus, in its completed form, introduces a fundamentally different approach in the architecture of decentralized Distributed Ledger Technology systems. It stands as the sole protocol designed to ensure all transactions are atomically composed across shards, which is an essential capability for scaling DeFi to accommodate billions of users. Additionally, Cerberus is bolstered by the Radix network’s Delegated Proof of Stake (DPoS) system to provide protection against Sybil attacks. This system allows holders of the XRD token to delegate their stake to validator node operators.

XRD can be acquired through the following platforms: * AscendEX * Bitfinex * Bitmart * Digifinex * Gate.io * LBank * MEXC * P2PB2B * Vindax * WhiteBIT * XT.com For more detailed information, please refer to Eulerpool.

At the inception of the Radix Public Network, an allocation of 12 billion was made.

* The Radix Protocol is in the process of minting 12 billion XRD as network emission to reward stakers and validators over an estimated 40-year duration. The network emission began with the inception of the Radix Public Network in July 2021. For details on the allocation of XRD, refer to: How was the XRD token allocated?