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RADIX History / Information / Buying / Staking
Radix founder and current CTO Dan Hughes started experimenting with Bitcoin back in 2011, working on ways to make it more scalable. After testing out different approaches, including increasing the block size and using the top available hardware, he determined the Bitcoin Blockchain capabilities stop at around 700-1000 transactions per second. He decided to go further into the decentralized ledger rabbit hole to help improve its capabilities. In 2013, using the bitcointalk.org forums, Hughes started a project called eMunie. Between 2013 and late 2016, he explored multiple options base layer scaling solutions for decentralized protocols, including Block trees, DAGs, and Channel Asynchronous State Trees, before settling on a data structure called Tempo. Dan started building Radix, a new base layer decentralized ledger protocol built to support smart contract development that featured Tempo at its core.
HOW RADIX WORKS
Radix DLT (distributed ledger technology) is a full-stack layer-1 protocol that makes it easy for developers to build and scale decentralized finance (DeFi) applications without the risk of network congestion, smart contract hacks, and exploits.
BENEFITS OF USING RADIX
Some of the benefits of using Radix are:
Build fast & don't break things. A purpose built DeFi programming environment that will enable fast AND secure development
Reward everyone who makes it better. A system of on-ledger royalties that will reward those that contribute dApp code to the ecosystem
CAN YOU STAKE RADIX
Anyone with XRD tokens on the Radix Public Network can participate in staking, and earn emissions rewards.
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