The Radix Protocol is a groundbreaking blockchain technology that aims to solve traditional blockchains’ scalability and performance issues. With its innovative approach and focus on efficiency, security, and user-friendliness, Radix has the potential to fundamentally change the way we conduct transactions and manage digital assets.
Radix (XRD) is the native token of the Radix Public Network. It is used to secure the Radix Public Network through staking within Radix's Delegated Proof of Stake system. XRD is also the only token used for paying transaction fees on Radix, which is burned. There is also a wrapped version of XRD on Ethereum called E-RADIX or eXRD, which can be used in Ethereum's DeFi ecosystem. Both tokens, XRD and eXRD, are always interchangeable at a 1:1 ratio.
The Radix Protocol offers numerous use cases across various industries. In the financial sector, for example, Radix can improve the efficiency of payment settlements and speed up the processing of financial transactions. The protocol can help ensure transparency and traceability in the supply chain industry. Radix can play a crucial role in securely connecting and communicating between devices in the IoT field.
