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XRD

Radix

$0.009660
0.23%
Open
-
High
-
Low
-
Vol.
-
coindesk-loading-spinner
1H
24H
7D
1M
1Y
All
Market Cap. #276
$103,537,225
Volume (24h) #794
$1,318,453
Supply (Circ. / Total / Max)
10.72B / 13.12B / 24B
Launch Date
2021-07-28
Block Number
-
Block Reward
-
Last Block Size
-
Network H/s
-

Radix Price Converter

Radix

Radix Information

Resources

WebsitesWebsiteWhitepaperBlog
Block Explorersexplorer.radixdlt.com
Code Repositoriesgithub.com/radixdlt/scrypto-examples
Hashing Algorithms
SHA-256
Industries
Platform
Governance
Communitieswww.reddit.com

Radix Supported Platforms

About Radix

RADIX token (XRD) is the native token of the Radix Public Network, used for staking to secure the network through Delegated Proof of Stake (DPoS) and paying for transaction fees. XRD holders can vote on validator nodes by delegating tokens to them and earn network emission rewards. The top 100 validators with the most delegated stake are selected as the validator set, but this limit is expected to be removed in the future. Transaction fees are paid in XRD, and 100% of the fees are burnt by the Radix Protocol to prevent spam transactions across the network.

Radix (XRD) is the native token of the Radix Public Network. It was initially launched in July 2021. XRD plays a crucial role in the network's Delegated Proof of Stake (DPoS) system, which uses XRD to protect the Radix Public Network from Sybil attacks. In this system, XRD token holders vote on which validator nodes they want to participate in consensus by delegating tokens to them, a process known as "staking". The stakers are incentivized to do this by earning network emission rewards. In addition to staking, XRD is also used to pay transaction fees on the Radix Public Network, with all transaction fees being burnt or destroyed by the Radix Protocol. Besides these primary uses, XRD can also be used by any dApp within the Radix DeFi ecosystem, for instance, as collateral in a lending protocol, or as an intermediary facilitating exchange between other tokens.

Radix was created by Dan Hughes, who is the current CTO and Head of Engineering. He is an experienced developer in the blockchain field, with his involvement dating back to 2011​​.

The Radix token (XRD) is used primarily for two purposes: staking and paying transaction fees. In terms of staking, XRD is a fundamental part of Radix’s Delegated Proof of Stake (DPoS) system, where XRD token holders vote on which validator nodes they would like to participate in consensus by delegating tokens to them. This is incentivized by the earning of network emission rewards. In terms of transaction fees, XRD is used to pay these fees on the Radix Public Network. These fees are primarily intended as a means of preventing spam transactions across the network, and 100% of all transaction fees are burnt or destroyed by the Radix Protocol. In addition to these primary uses, XRD could also be used by any dApp within the Radix DeFi ecosystem, such as collateral in a lending protocol or as an intermediary facilitating exchange between other tokens​​.