Radix (RDX)

Basics

• Based in:
• Started in / Announced on: 2017
• Testnet release:
• Mainnet release:

Audits & Exploits

• Bug bounty program can be found [insert here].

Token

Token Allocation

• From the website (4-8-2022):

"XRD has a maximum supply of 24Bn tokens that will not be reached for at least 40 years. 300 million XRD per year will go to stakers for securing the network."

• From its FAQ (4-8-2022):

"12Bn XRD tokens (50%) were issued at the genesis of the Radix Public Network in July 2021."

21% went to community, grants or a sale, rest to insiders.

• From its FAQ (2018):

"Radix is capable of supporting various types of crypto economic token supply models. These include fixed, linear, pegged and inflationary. Radix Stable Value tokens follow a dynamic inflationary supply, so there is no hard cap. Some of these early contributors to the project will receive a small number of tokens at launch, and Radix will also receive a minority % allocation. However, most tokens will be available to anyone to buy from the integrated Radix Decentralised Exchange, and we have no wish to be the majority holder of our tokens either now or in the future.“

Utility

• From the website (4-8-2022):

"The native crypto currency of the Radix network is called RADIX (XRD) and is required for securing the network via staking, accessing DeFi, deploying smart contracts and paying for transactions. 100% of all transaction fees are burned."

Technology

• Economics White Paper
• DeFi Whitepaper
• Consensus White Paper
• Consensus Math Proofs
• Code can be viewed here.

Implementations

• Programming language used:

Transaction Details

• Capacity (TPS):
• Latency:

How it works

• From its FAQ (4-8-2022):

"For the Olympia mainnet, Radix uses an unsharded, simple form of Cerberus as its consensus protocol. Unsharded Cerberus draws heavily from the “HotStuff” consensus protocol. Unsharded Cerberus has a threshold of “2f+1” (~33.3%) of stake in order for an attacker to start adversely affecting the safety or liveness of the network. For the Xi’an release, Radix will use sharded Cerberus. As of June 2021, the paper is under peer review. [tje Xi'an release is 2 upgrades away on the roadmap, "Coming in 2024"]."

• From its FAQ (2018):

"On how: “To achieve speed, scalability, security, and efficiency, Radix has created a combined distributed database architecture and consensus algorithm called Tempo. It is the core module of the Radix platform. It uses vector clocks for generating a partial ordering of events in a distributed system to detect and prevent causality violations.

This system is both “asynchronous”, meaning there is no block time, and byzantine fault tolerant, meaning that it can detect and stop false transactions and double spends within a system that anyone can join.

Tempo does this by preserving the total order of events, allowing for the trustless transfer of value, timestamping and other functionality. It is a semi-structured, shardable architecture that limits state transfer information to only those members of the network that need it. This reduces overhead and increases performance.

It does not require large amounts of computing power (PoW) or large amounts of capital (PoS) to secure it. It is suitable for both public and private deployments, without modification, and requires no special hardware or equipment. Combined with a huge, overlapping shard space, the scalability of Radix is only constrained by the number of Nodes operating within the network.“ "

Their Other Projects

==Roadmap==*Can be found here.

Pros and Cons

Cons

• Did not start out open sourced or decentralized (8-2018), as of 8-2022 has a open github.

Team, Funding and Partners

Team

• Full team can be found here (4-8-2022). Has the RDX Works Ltd, Radis Tokens (Jersey) Limited and the Radix Foundation.
• Hughes, Dan; CTO “has previously built, run and exited 3 successful software startups. Dan has spent the last 6 years building, testing and refining his own DLT protocols, creating Radix in the process. (8-2018)”
• Ridyard, Piers; Chief executive officer
• Thornton, Stephen; ex-Chief scientist (not on the team page anymore as of 4-8-2022).
• Rubio, Marc; ex-developer (not on the team page anymore as of 4-8-2022).

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