Radix DLT - Transforming and Innovating the DeFi scene
Decentralized finance (DeFi) is the new trend and it is what Radix believes in. The goal is to guarantee access, liquidity, and choice for just about anybody. The project believes in building the future of DeFi. You have the chance to join Radix on their journey through airdrops and ICOs. For more information visit their official website.
Opens Digital Economy for Everyone
As Peirs Ridyard, CEO of Radix DLT Ltd puts it, Radix is the new protocol. It is nothing but a scalable platform to build and deploy DAPPs, tokens, assets, coins, etc. It all translates to giving full and free access to the digital economy for just about anyone. With a decent connection, you can play a role in the platform and digital economy. The foundation of the platform is its fail-safe algorithm. It neither uses Proof of Work (POW) nor Proof of Stake (POS) model. In fact, they do not use any type of delegated consensus at all. Their algorithm is decentralized but they are false detective rather than false tolerant.
Friction Free Access
One of the best descriptions of bitcoin is ‘money over IP’. In a similar precedent, Voice over IP revolutionized telecommunication globally. Gone are those days when people paid 2 bucks per minute from telephone booths. Similarly, money over IP revolutionized finance by enabling people to have more power over their funds or capital. It should have well been the vision of Satoshi Nakamoto. Nevertheless, the scalability issues put a sizeable dent in that plan. Radix works mainly on these scalability issues with its one of the kind algorithm. As a user, you essentially add a node to the network thereby increasing the throughput of the network.
Access to Digital Economy
Access to the digital economy is not a privilege to a selected few anymore. Radix as a platform provides that privilege to anyone with an active internet connection. Anyone can access the platform regardless of the region, profile, and preferences. Moreover, the Radix DLT isn't a run of the mills ICO project. They are not here selling whitepaper, raising capital, and promising a technology to be delivered in the future. They are invested in technology for over 6 years. Their testnet is already live for anyone to experience first hand. Anyone can check their daily stats regarding transactions, test information, network information, etc.
Point of Sale Terminal
Radix provides a point of sale terminal for local retailers and individuals. Firstly, you need to set a master PIN to secure the point of sale device. It allows you to change pay to addresses and more. The PIN must be kept safe and confidential, to ensure the safety of your funds. You can set the pay to address for receiving funds by simply scanning the QR code of your Radix address. Enter a recognizable business name to complete the setup. You have to enter the card send PIN to process payments. More of these technicalities are explained in the device manual as well as on the Radix website. Overall, the Radix systems take very little effort into getting used to.
Useful Links to Radix DLT Project:
Website: https://www.radixdlt.com/
Medium Page: https://medium.com/@radixdlt
Official Telegram: https://t.me/radix_dlt
Official Twitter: https://twitter.com/RadixDLT
Official Facebook: https://www.facebook.com/RadixDLT/
Official Reddit: https://www.reddit.com/r/Radix/
My bitcointalk forum username: bigcash2011
My Ethereum Wallet Address: 0x624440fff9763ccbc5ae3e569efc3458c1347b21
Kind Regards!