Thursday, June 5, 2025
No Result
View All Result
Coins League
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
No Result
View All Result
Coins League
No Result
View All Result

XRD: Revolutionizing DeFi with Unlimited Scalability, Developer Royalties, and Asset-Oriented Smart Contracts

November 13, 2024
in Crypto Exchanges, Crypto Updates
Reading Time: 4 mins read
0 0
A A
0
Home Crypto Exchanges
Share on FacebookShare on TwitterShare on E Mail

What is XRD and what does it solve?

XRD is the native token of the Radix Network, a layer-1 protocol designed to address the scalability, security, and usability challenges in decentralized finance (DeFi). Radix introduces the Cerberus consensus algorithm, which enables linear scalability and ensures seamless composability between decentralized applications (dApps). It also simplifies DeFi development with its asset-oriented smart contract paradigm, making it easier for developers to build secure and scalable applications using the Scrypto programming language. Additionally, Radix incentivizes developers through a royalty system, allowing them to earn rewards every time their code or components are used in transactions, creating a self-sustaining ecosystem for DeFi growth​

Token Overview 

  • Token name: RADIX
  • Token symbol: $XRD
  • Total circulation supply: 10,558,562,504 

What are the utilities of $XRD?

The XRD token provides several key utilities within the Radix ecosystem:

  1. Staking: XRD tokens can be staked to help secure the network, and in return, stakers earn rewards in XRD. This incentivizes participation in the consensus mechanism and helps maintain network integrity​(XRD whitepaper).
  1. Transaction Fees: XRD is used to pay for transaction fees within the Radix network, covering the cost of executing smart contracts and transferring assets on the blockchain​(XRD whitepaper).
  1. Developer Royalties: XRD tokens enable a unique royalty system where developers can earn rewards when their decentralized applications (dApps) or components are used in transactions. This fosters a self-sustaining ecosystem that incentivizes developers to create high-quality applications​(XRD whitepaper).
  1. Liquidity and Governance: XRD also serves as a core asset for liquidity pools and can be used in governance decisions within the Radix ecosystem, allowing token holders to have a say in the platform’s future development​(XRD whitepaper).

These utilities make XRD an integral part of Radix’s vision for a scalable and developer-friendly DeFi ecosystem.

What does the project ecosystem include?

The Radix project ecosystem includes several key components designed to support a scalable, developer-friendly environment for decentralized finance (DeFi):

  1. Cerberus Consensus Protocol: This unique consensus mechanism enables unlimited scalability and atomic composability, allowing dApps to interact seamlessly across different shards without compromising security or performance​.
  1. Radix Engine: The Radix Engine is an asset-oriented smart contract platform that simplifies DeFi development. It allows developers to build decentralized applications more efficiently, with a focus on secure and intuitive asset management.
  1. Scrypto Programming Language: Radix introduces Scrypto, a programming language built specifically for DeFi. It provides an easier way for developers to write smart contracts by focusing on asset management and simplifying complex processes that are common in DeFi development.
  1. Blueprint Catalog: The project includes an on-network catalog of reusable smart contract components, or “blueprints.” These blueprints allow developers to leverage pre-built, proven functionality, encouraging modularity, reuse, and faster development.
  1. Developer Royalties System: Radix incentivizes developers with a royalty system that rewards them whenever their dApps or components are used. This fosters a self-sustaining and scalable developer ecosystem.
  1. XRD Token: XRD serves as the native token for transaction fees, staking, developer incentives, and governance within the Radix network.

These components create a comprehensive, scalable, and developer-focused ecosystem designed to make DeFi more accessible and efficient.

XRD Official Media

Website  | Twitter | Telegram 

About Coinstore

Accessibility. Security. Equity.

As a leading global platform for cryptocurrency and blockchain technology, Coinstore seeks to build an ecosystem that grants everyone access to digital assets and blockchain technology. With over 9.5 million users worldwide, Coinstore aims to become the preferred cryptocurrency trading platform and digital service provider worldwide.

Coinstore Social Media

Twitter | Discord | Facebook | Instagram | Youtube |
Telegram Discussion | Telegram Announcement

Previous Post

Linea Association unveils plan for decentralized governance with LINEA token

Next Post

Bitget Re-Launches UK Website, Expanding Access to Digital Assets for British Users

Related Posts

Spanish Coffee Brand Pours $1 Billion Into Bitcoin
Crypto Updates

Spanish Coffee Brand Pours $1 Billion Into Bitcoin

June 5, 2025
MoonPay Announces New York BitLicense Approval, Clearing Path for U.S.-Wide Crypto Services
Crypto Updates

MoonPay Announces New York BitLicense Approval, Clearing Path for U.S.-Wide Crypto Services

June 4, 2025
Is Pump(.)fun launching a token
Crypto Updates

Is Pump(.)fun launching a token

June 4, 2025
A New Era for Private Stablecoin Payments: Announcing Zano.cash and Integration With Bitcoin.com Maps
Crypto Updates

A New Era for Private Stablecoin Payments: Announcing Zano.cash and Integration With Bitcoin.com Maps

June 4, 2025
Bitcoin Moves With Gold And M2 Money Supply – Next Rally Loading?
Crypto Updates

Bitcoin Moves With Gold And M2 Money Supply – Next Rally Loading?

June 4, 2025
Tether invests in Orionx to boost stablecoin use in Latin America
Crypto Exchanges

Tether invests in Orionx to boost stablecoin use in Latin America

June 3, 2025
Next Post
Bitget Re-Launches UK Website, Expanding Access to Digital Assets for British Users

Bitget Re-Launches UK Website, Expanding Access to Digital Assets for British Users

Dogecoin Fever Sweeps South Korea: Price Premiums Surge on Local Exchanges

Dogecoin Fever Sweeps South Korea: Price Premiums Surge on Local Exchanges

Trump Appoints Musk and Ramaswamy to Lead New DOGE Agency

Trump Appoints Musk and Ramaswamy to Lead New DOGE Agency

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Twitter Instagram LinkedIn RSS Telegram
Coins League

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at Coins League

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITEMAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In