Overview

Radix is a high-throughput protocol for building decentralized applications, tokens and coins.

Project stage

Prototype

Detailed description

Radix is a high-throughput platform to build and distribute decentralized applications.

In research and development since 2011, Radix DLT is the first, infinitely scalable, Distributed Ledger Protocol for trustless systems. It is an eventually consistent distributed database, with absolute ordering of related events and n-1 fault detection. It is specifically designed for ease of use and to run on resource restricted devices, helping drive both mass adoption and for use in the Internet of Things (IoT).

The Radix platform will enable developers to create, distribute and manage highly scalable, efficient and secure distributed applications for both public and private networks.

The Radix Public Network is a modular, general-purpose, global computer for decentralized applications that enables inexpensive and scalable transactions at incredible speeds with near-instant finality.

Problem

Scalability
Present blockchain based distributed ledgers do not scale well under load. This is because they are vertical architectures where all nodes participating in the network are required to have the complete global state of the system. The global state requires that all events are delivered and replicated on all nodes - this global requirement to always stay in sync gives an upper limit to the total throughput possible - often referred to as the CAP Theorem limit - of around 500 transactions per second, assuming no other limits.

Security
For a trustless, public network, security is a core issue. Central to this security is the consensus method used, as well as the way in which the platform rewards the nodes that do useful work for the network.

Price Stability
For an object to become a currency, it has to fulfill three roles: a medium of exchange; a unit of account; a store of value. Although DLT technology has enabled trustless transactions over the internet, volatility has delayed their adoption as a medium of exchange and a unit of account. For cryptocurrencies to be adopted widely, they must equal or better the certainty of future purchasing power that fiat currently offers. A low-volatility coin is an asset designed to be price stable over time. This makes it suitable for short-term and medium-term use as a unit of account, a medium of exchange and, a store of value.

Solution

Scalability
Radix provides a solution for reaching consensus, across a distributed ledger, that can scale limitlessly in an efficient, unbounded, linear fashion, without consuming a huge amount of computer resources or capital to secure it. It has a semi-structured, shareable architecture that limits state transfer information to only members of the network that need it, reducing overhead and increasing performance.

Security
How the Radix platform is designed to improve upon and prevent these security issues:

Proof of Work(PoW):
This competitive nature of the Hashcash Proof of Work (PoW) algorithm leads to three results:

  1. It becomes uneconomic for small/low power devices to participate
  2. The pooling of resources
  3. The specialization of hardware

This eventually leads to the re-centralization of the network, where only very large miners have any chance of earning mining rewards. At the extreme end, this leaves the possibility of collusion, abuse, and censorship.

While success in Proof of Work is determined by who has the most hashing power, Proof of Stake is determined by whoever holds the most coins.

Price Stability
The Radix Stable Token is a proposed relatively price stable cryptocurrency currently in R&D. It will sit as a module on top of the Radix Tempo protocol and will be controlled by an algorithmic monetary policy of expanding and contracting coin supply.

Features

Modular
Radix is a modular DLT platform with the consensus architecture as its core module. Network participants can support more modules to earn tokens proportional to work done for supporting them.

Limitless Scaling
Radix scales in an unbounded, linear fashion, where every new Node increases the overall throughput of the network. Limitless scalability means that each additional node added to the network increases the overall throughput capacity of the network. Increasing the amount of nodes have little to no detrimental effects on pre-existing Nodes and thus the scalability is deemed linear and unbounded.

Fast Transaction Finality
Transactions on the Radix Network confirm in 0.2 seconds and finalize in 5 seconds or less.

Near Zero Transaction Fees
Transaction fees on the Radix Public Network are projected to cost the equivalent of 1¢ or less.

Stable Native Tokens
The Radix Stable Token will be a low volatility cryptocurrency controlled by an algorithmic monetary supply policy of expanding and contracting coin supply. It is stabilized in a decentralized manner autonomously by the network itself.

Internet of Things Enabled
You can run a full Radix Client on as little as 16MB of memory and a 100 Mhz processor. Critically, this enables performance-constrained IoT devices to participate as first-class citizens in the distributed network.

Decentralized Debit Cards
The Radix ledger is built specifically for integrating with existing merchant Point-of-Sale (POS) solutions. Even better, anyone can create their own debit cards using $25 off-the-shelf hardware. Debit cards make it easy for consumers to spend cryptocurrencies and create cold-wallets.

Decentralized Asset Exchange
The Radix Public Network will allow trustless trading of digital assets to prevent counterparty risk and the security + reliability concerns suffered by centralized exchanges.

Scrypto - Smart Contract Language
Radix has its own scripting language: Scrypto. Based on JavaScript, it can already be developed using existing, popular developer tools and has its own debugger. More information will follow regarding the software development kit and the Radix API as we get closer to the launch.

Secure Instant Messaging
As part of its initial release, Radix will feature highly secure instant messaging client. This will provide a gateway to onboard early adopters of decentralized applications creating additional utility for the tokens.  

Decentralized App Store
The Radix Public Network will feature an app store similar to Google Play to distribute decentralized applications.

Fair
Radix relies on trustless collaboration. It distributes work between participating nodes according to their available resources. This promotes device inclusivity and allows Internet-of-Things (IoT) to also participate as first class citizens in the network.

Show details

Additional links

  • Token details

    • Token symbol ? Token symbol — a shorten token name. It is used during an ICO and after the coin listing at the cryptocurrency exchanges. : RDX
    • Fundrasing target ? Fundraising target — the maximum amount of funds to be raised during an ICO. When it is reached, the developers stop selling the tokens because they do not need to raise more money for the project development. : NA
    • Token type ? Token type — a platform for a startup launch that influences the stability of blockchain operation, the speed of transactions and the fees. :Own blockchain ()
    • Soft cap ? Soft cap — the minimum amount of funds to be raised for the project development. Sometimes when the soft cap has not been reached, the money is returned to the participants. : NA
    • Role of token ? Role of Token — type of token depending on the opportunities it offers to its owner. Utility tokens give their owners a right to use the project services, security tokens are aimed at bringing profit, and currency tokens are a money substitute. :Utility token
    • Total supply ? Total supply — a total amount of tokens that will be released by the developers. :NA
    • Escrow agent ? Escrow agent — a qualified agent who has the right of signature in a multisig wallet. An escrow agent participates in an ICO, monitors the financial operations of the developers and confirms their fairness. :No
    • Tokens for sale ? Tokens for sale — the number of tokens offered to the participants of an ICO. :NA
    • Whitelist ? Whitelist — a list of participants, who get an opportunity to buy tokens. To be whitelisted, you need to register on time because the number of participants and the registration period are usually limited. :Whitelist Open
    • Additional emission ? Additional emission — an additional release of tokens. It can be done once after the crowd sale or on an ongoing basis. In the projects with a limited emission there is no additional emission. :No
    • Exchange listing ? Exchange listing — an assumed date when the token will be listed at a cryptocurrency exchange. The developers usually indicate it in a roadmap and a white paper. :NA
    • Accepting currencies ? Accepting currencies — cryptocurrencies and fiat currencies that can be used for buying the project tokens. :BTC, ETH, USD,
    • Can't participate ? Can't participate — the countries where it is prohibited to buy tokens. These can be countries where ICOs are prohibited altogether, or countries that have the requirements that a particular project does not meet. :No
    • Know Your Customer (KYC) ? Know Your Customer — a verification procedure for ICO participants, during which the developers can ask for personal data, a photo and a scanned copy of a passport of a potential investor. :Yes
    Get details
  • Token and Funds Distribution

    Token distribution date

    NA

    Unsold tokens

    NA

Sale schedule

Round Token Price Bonus Min / Max Purchase Soft Cap Hard Cap
Public sale — Soon
Start Soon
1. USD No - Uncapped Uncapped
  • Team

    • Dan Hughes photo
      Dan Hughes
      CTO
    • Piers Ridyard photo
      Piers Ridyard
      CEO
    • Robert Olsen photo
      Robert Olsen
      COO
    • Stephen Thornton photo
      Stephen Thornton
      Chief Scientist
    • Shira Abel photo
      Shira Abel
      CMO
    • Zalán Blénessy photo
      Zalán Blénessy
      Developer Operations
    • Marc Rubio photo
      Marc Rubio
      Developer
    • Joshua Primero photo
      Joshua Primero
      Developer
    • Edgars Nemse photo
      Edgars Nemse
      Developer
    • Mauricio Urraco photo
      Mauricio Urraco
      Developer
    • Florian Cäsar photo
      Florian Cäsar
      Developer
    • Angad Mutha photo
      Angad Mutha
      Community Manager
    • David Osuhon photo
      David Osuhon
      Head Of Special Projects
  • Advisors

Roadmap

  • 2012

    R&D: Stress testing Bitcoin Blockchain

  • Q1 2013
    • eMunie Founded
    • eMunie v1 - Blocktrees
  • Q2 2013
    • Launch: Private Open Beta Network
    • Alpha Feature Developed: DLT Secure Mail
    • Alpha Feature Developed: DLT Encrypted Chat
    • Alpha Feature Developed: DLT Address book
    • Alpha Feature Developed: Economics - elastic supply model
  • Q3 2013

    Alpha Feature Developed: eMunie Naming System (ENS)

  • Q1 2014
    • Investment: Pre-Seed Investment Round
    • Alpha Feature Developed: Asset Creation and Management System
  • Q2 2014
    • Alpha Feature Developed: Distributed Market Place
    • Alpha Feature Developed: Integrated Browser
    • Public Demo: New York Bitcoin Conference Demo
  • Q3 2014
    • Alpha Feature Developed: dApps store
    • eMunie v2 - Built using Directed Acyclic Graphs
    • Alpha Feature Developed: Scrypto framework outline
    • Alpha Feature Developed: m-of-n multisig escrow enabled
  • Q1 2015

    200 Transactions Per Second

  • Q3 2015
    • Alpha Feature Developed: Decentralized debit card payment rail
    • eMunie v3 - CAST/EVEI voting based consensus system
    • 1,000 Transactions Per Second
  • Q4 2015

    Alpha Feature Developed: Decentralized Exchange developed

  • Q2 2016

    Public Demo: Coinfest-UK

  • Q3 2016

    eMunie rebranded to Radix

  • Q1 2017

    Public Demo: London Blockchain Week

  • Q2 2017
    • Public Demo: Coinfest-UK
    • Radix v4 - Tempo consensus
    • 14,000 Transactions Per Second
  • Q3 2017
    • Published: Tempo White Paper v1
    • 500M transactions in 1 week
    • Published: Public Node Incentives White Paper
  • Q1 2018
    • 1 Billion transactions in 1 week
    • Scheduled: Radix Technical White Paper
    • Target: 20,000 Transactions Per Second
  • Q2 2018
    • Target: 50,000 Transactions Per Second
    • Radix Wallet Basic UI Complete
    • Radix Messaging Basic UI Complete
    • Target: 100,000 Transactions Per Second
    • Public Alpha Test Net Launched
    • Downloadable Radix Client Released
    • Radix Command Line Interface Released
    • Radix Wallet UI Live on Alpha Test Net
    • Radix Messaging UI Live on Alpha Test Net
    • Token Transfer API Released on Alpha Test Net
    • Messaging API Released on Alpha Test Net
    • Multi-sig API Live on Alpha Test Net
    • Target: 200,000 Transactions Per Second
  • Q3 2018
    • 3rd Party Token Creation API Live on Alpha Test Net
    • Target: 300,000 Transactions Per Second
    • Scheduled: Decentralised Exchange White Paper
    • Target: 400,000 Transactions Per Second
    • Decentralised Debit Card Developer Kit Released
    • Target: 500,000 Transactions Per Second
    • Scheduled: Economics White Paper
    • Target: 1,000,000 Transactions Per Second
  • Q4 2018
    • Launch: Radix Main Net - Radix Tokens Only
    • Launch: Radix Wallets and Messaging on Main Net
    • Radix Token Distribution Starts
  • Q1 2019
    • 3rd Party Tokens Enabled on Main Net
    • Restricted Scrypto Released on Beta Test Net
    • Radix Naming Service Enabled on Beta Test Net
    • Restricted Scrypto Released on Main Net
  • Q2 2019
    • Turing Complete Scrypto Released on Alpha Test Net
    • Radix Naming Service Enabled on Main Net

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