Internet City, Dubai, September 14, 2022 – Global digital asset trading platform LBank Exchange incorporated Radix (XRD) on September 14, 2022. For all LBank Exchange users, the XRD/USDT trading pair is now officially available for trading.
Radix (XRD) offers a radically different DeFi network, the only decentralized network that allows users to build quickly, reward whoever makes them better, and scale without friction. Its native token XRD was listed on the LBank Exchange at 17:00 (UTC+8) on September 14, 2022, expanding its global reach and helping it realize its vision.
Radix is the only decentralized network where developers will be able to build quickly without the constant threat of exploitation and hacking, where every improvement will be rewarded, and where scale will never be an obstacle.
To remove the technological barriers that limit DeFi’s expansion, Radix is building a Layer 1 protocol that can directly meet DeFi’s needs on a global scale over the next 100 years. This requires an integrated approach, consensus reengineering, distributed virtual machines, network executable code, building DeFi applications and incentives for developers.
Ethereum’s concept of smart contract development and giving developers a new model of asset-oriented smart contracts dedicated to DeFi has gone beyond the Radix Engine smart contract environment, along with the Scrypto programming language, to finally make production-quality DeFi dApp development easy and secure — without limiting what a developer can build . With these tools, more complex dApps become practical, the pool of dApp developers available can grow rapidly, and developers finally have the opportunity to avoid hacks and exploits.
In addition, it makes code modularity, reuse, and standardization not just a matter of copying and pasting, but a first-class network feature. Blueprint’s on-net catalog allows developers to contribute and access parts of the functionality that can be reused, configured, integrated, and extended directly on the network – it’s already up and running every day. The network becomes a true shared computing environment, taking open source development into the decentralized age.
Furthermore, Radix’s networked system of flexible proprietary rights allows developers to reward Scrypto developers for code that represents real value to users and other developers – in every transaction. And the unique Cerberus consensus protocol, designed in conjunction with the Radix Engine, allows massive parallelism for both simple transactions and complex digital applications through a specialized form of hashing and a “braided” multi-segment consensus mechanism that allows all assets and smart contracts to be freely and atomically composed on a per treated separately.
Radix’s comprehensive, integrated technology approach is what will make Radix Public Network the one place where the world of DeFi developers will get everything they need for a global recap.
About XRD Code
The Radix Token (XRD) is the original token of the public Radix network. It is an essential part of the Radix Proof of Stake (DPoS) system, which uses XRD to secure Radix’s public network against a type of attack known as a Sybil attack. XRD is also used to pay transaction fees on the Radix Public Network, which is primarily intended as a way to prevent spam transactions across the network. 100% of all transaction fees are burned, i.e. tokens used to pay the fees are destroyed by the Radix protocol.
In addition to its primary uses, as the Radix Public Network’s primary currency, XRD can also be used by any dApp within the Radix DeFi ecosystem. For example, as collateral in a lending protocol, or as an intermediary to facilitate exchanges between other tokens.
XRD has a maximum supply of 24 billion (24,000,000,000,000) tokens, of which 50% were allocated at the inception of the public Radix network, and the remaining 50% were minted by the Radix protocol as network issuance over a period of approximately 40 years (300 million XRD). annually) to act as an incentive for contractors and auditors in securing the network.
The XRD token was listed on the LBank exchange at 17:00 (UTC+8) on September 14, 2022. For those who want to get XRD, you can easily buy and sell it on the LBank Exchange now. The inclusion of the XRD token in the LBank Exchange will undoubtedly help access to the public Radix network.
Learn more about XRD code:
About LBank Exchange
Founded in 2015, LBank Exchange is an innovative global trading platform for various crypto assets. LBank Exchange provides its users with secure cryptocurrency trading, specialized financial derivatives, and professional asset management services. It has become one of the most popular and trusted cryptocurrency trading platform with more than 7 million users from now over 210 regions around the world.
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