Warning: Steem witnesses executed a hard fork on 2020-05-20, seizing 23.6M STEEM from 65 accounts. The funds were transferred to an account named @community321, the ownership (and intentions) of which have not been revealed. The witnesses claim to have been targeting accounts which defended against a hostile takeover in early March, but at least 2 accounts on the list have been inactive for over 4 years.

- Decrypt.io: Steem network to seize $5 million from its own users
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RADIX: The Layer 1 protocol built specifically for the Decentralized Finance community of cryptocurrencies to provide scalability, access, liquidity and choice of set for global transactions by frankydoodle

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· @frankydoodle ·
RADIX: The Layer 1 protocol built specifically for the Decentralized Finance community of cryptocurrencies to provide scalability, access, liquidity and choice of set for global transactions

Good morning everyone! Today I would like to talk about the RADIX platform and how it could be able to help us including me myself in Defi! Because your very own Mr. Decentralized is doing DEFI as well.  I know most of you here who got into defi also experienced Those not so good things such as ridiculously high gas fees etc. 

Little they do know, there is a project that is hanging around and about to surprise all with their incredible technology for the DEFI space. It is called RADIX! At first, I do researched about the project and make comparisons based on my observation and understanding of each blockchain project and cryptocurrencies. I do also research about the videos from different experts and all are going to one conclusion: This will make DEFI great again.

In this article post, I will talk about the competitive advantages of the RADIX protocol for the decentralized finance industry and blockchain. Its features will be tackled in here and the summary that I could put it in a nutshell for you to how robust and powerful this protocol is.


# RADIX: Being the one to power Decentralized Finance for the new era of financial products on blockchain

## Features and competitive advantages of RADIX

---> Radix has three main cores of advantages and features that nothing else comes close with other protocols. Just to give you an idea, as per the RADIX team, there are almost 71 billion USD that the world costs with what they call 'friction' in the financial products and space. When we say friction, these could be slippage and other fees included in the transactions of different financial products. Here are the cores of RADIX features.


1. ACCESS---> When we say Access, this is how a person goes in and out of the financial ecosystem. Whether you are new investor in the crypto space or a veteran market trader already, there should be a mechanism wherein you could trade easily and the platform should be easy to understand even you are not that of a techie. 
What the RADIX team and developers did was a one-of-a-kind type of infrastructure wherein you can easily be able to join the ecosystem of Decentralized finance with ease and not that 'expensive' when sending transactions and it is not that long enough to wait just to have your transaction push through. 

2. LIQUIDITY---> Of course, when you give more people to have access to the DEFI space, then more inflow of money will go to the DEFI protocols/space. The result will be having more liquidity in the crypto markets. More people will enjoy the transaction fees to stay low and profit more if they spotted a good transaction opportunity. They will not be hesitant to pursue the transaction because the fees are so low. Thanks to the RADIX infrastructure. 

3. CHOICE---> Now that more people can access the DEFI space easily and have a large influx of money inflow to the market, what will happen next and the end goal? People now have a choice where to trade! Because of huge liquidity, people can now have more choice to create and get more assets in the blockchain coins and tokens and be able to use those tokens for different use-cases and even for creating Dapps if that token is for smart contracts or insurance creation etc.

To have more information about the 3 cores of RADIX, you may watch their primer video here:

<iframe width="962" height="541" src="https://www.youtube.com/embed/EfF05wBFbtY" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe>

Being a layer 1 protocol for DEFI, it makes the adaptability of the crypto markets easier for all. One of the team members that I asked, is that RADIX is like having ready-made nodes that could easily spring out in case a large inflow of transactions arise. That is the linear expansion of the RADIX protocol! Therefore, you won't experience such congestion as what you, me, and other people experiencing in the ETHEREUM blockchain.

There is a one Youtuber named boxmining, which I do also watched his Youtube video about RADIX and he explained how RADIX works and I wanted to summarize it here that ETH blockchain miners are like Buses that keeps going and getting clogged up because they are limited and they are just routing the transactions that pay the highest gas fees. They are not like the first in first out (FIFO) no. They are who gives the biggest fees gets processed first.

That is where RADIX takes place, instead of having just buses and will wait for that bus to deliver pizzas, there will be an army of pizza box delivery boys who will deliver it and they will continue to multiply when the need arises! That is how RADIX's software infrastructure solves the congestion and high gas fees! 

Here is the video of boxmining:

<iframe width="962" height="541" src="https://www.youtube.com/embed/g0Hgjg49_rQ" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe>

# RADIX Solutions to problems


Now let me talk about the RADIX's solutions to the present DEFI problems that arose. 

1. Cerberus---> This is the scaling mechanism of the RADIX protocol. With this, we can scale the transactions without having problems within the smart contract execution and congestion. It do have its own scalability program that makes it easier to parallelize the transactions inside the blockchain. For more information, you could check their document here: https://www.radixdlt.com/wp-content/uploads/2020/03/Cerberus-Whitepaper-v1.0.pdf

2. RADIX engine---> Based on my own understanding, RADIX has like a virtual machine as well but not on the same level of ETH and other protocols like REN. They are on another level when it comes to the robustness of the code, scalability and the avoidance of hacks and exploits. It is like quantum hacking proof based on my opinion. 

3. Component catalog---> Most of the blockchains and cryptocurrencies of today only operate on their own system of blockchain. They cannot interact nor build on top of other blockchains. The reason is that in my opinion, the developers before are like selfish when it comes to profit and like they are getting the glory for creating such blockchains and thinking they are better than other blockchain projects. Today, that is not the case anymore. Interoperability is now the name of the game for DEFI. Instead of the 'wrapping' something. The component catalog will be the one to have the other blockchains 'fit' what is needed for the interoperability to work out.

4. Developer royalties---> With RADIX, they are focused on how the developers will have the royalties and incentives of what they have did and contribute rather than those bots that are just hashing the transactions for validity. With these royalties, you encourage more blockchain developers to build and contribute to the betterment of RADIX itself and not just mining rigs for DEFI. Now that is a protocol team with a big heart!


Let me show you what is latest with RADIX



# RADIX's Bigtime team





When it comes to investors, I saw that they do have a bunch of partners as well. Such as Localglobe, Maven 11,  XSquared, and Taavet Hinrikus.

As a summary, I liked and loved that there are people like the RADIX team are doing this as initiative. Because I do really love to have a fresh new outlook for DEFI and transaction speeds. I do not to worry anymore if my money for fees are enough to complete the desired output of the transaction and contracts in the blockchains. Thank you RADIX. 

For more information, you may visit their website, documents and social media channels below:

Radix DLT Website: https://www.radixdlt.com/

DEFI white paper: https://www.radixdlt.com/wp-content/uploads/2020/08/DeFi-Whitepaper-v1.0-3.pdf

Consensus/Cerberus white paper: https://www.radixdlt.com/wp-content/uploads/2020/03/Cerberus-Whitepaper-v1.0.pdf

Economics white paper: https://www.radixdlt.com/wp-content/uploads/2020/06/2020-09-21-Radix-Economic-Model-V9.9.pdf

Radix DLT Medium Page: https://medium.com/@radixdlt

Radix DLT Official Telegram: https://t.me/radix_dlt

Radix DLT Official Twitter: https://twitter.com/RadixDLT

Discord: https://discord.com/invite/WkB2USt

Facebook: https://www.facebook.com/RadixDLT/

Github: https://github.com/radixdlt

Medium: https://medium.com/@radixdlt

Reddit: https://www.reddit.com/r/Radix/

Youtube: https://www.youtube.com/channel/UCWz_uLkOCrmSUnLAxSY4N5Q

Linkedin: https://www.linkedin.com/company/radixdlt/

Tokensale and tokenomics: https://tokens.radixdlt.com/

About the author: 

Proof of authentication: https://bitcointalk.org/index.php?topic=5264387.msg54909312#msg54909312

ETH address: 0xDFD2144eb8CC1212551d50b00b18a2fEfcf6762b

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