RADIX AND DEFI
Decentralized finance (Defi) is becoming a household name the industry is growing and maturing . But with big rewards comes bigger responsibility and this is where the issue is as there is a strain attached to etheruem and transactions are becoming more expensive and unsustainable. And with a new application of defi there are higher and bigger barriers for new developers and also security risks attached .
The system was not designed to take up such load and also serve the purpose of the application of the growing defi .
Defi is the future of finance but with a lot of problems and flaws encountered the future isn’t that bright enough .
Radix DLT is building a decentralised finance protocol that provides frictionless access, liquidity and programmability of any asset in the world.
Defi is the future of finance and Radix is the future of Defi because Radix is building a layer 1 protocol that is built specifically for DeFi .
If you have noticed lately the large amount of Eth that is deducted as gas fee to complete some transactions is alarming . On social media you see people complaining on the rise of gas fee . I once made a transaction with a high fee cause it was urgent and yet it I had to wait for a while before my transaction was completed due to network congestion and all that even with a high fee .
Mainstream Defi is the solution and this can only happen when all problems holding Defi is solved . This can happen when developers are finally given the tools they need to build apps that can surpass the services offered by the traditional financial industry
Mainstream DeFi is the future Radix is built for.
Radix is the First Layer-1 Protocol for Mainstream DeFi
Creating a platform for Mainstream DeFi isn’t a matter of solving one problem; it’s a matter of solving multiple problems that exist at every layer of today’s DLT platforms. These platforms may deliver decentralization but were never designed to deliver no-compromises financial infrastructure.
Mainstream DeFi needs a DLT platform designed bottom-to-top to make DeFi just work – for users, and for developers.
Radix is that platform.
The Radix platform is a combination of four core technologies that solve all four major barriers to DeFi growth, layer by layer:
The result is a platform where transactions are fast, cheap, and secure; where scale is unlimited and connections between applications frictionless; where dApps can be built quickly and with confidence in their ability to manage user assets safely; and where builders are directly rewarded by the platform for useful contributions both large and small. It is a platform designed to serve as the foundation for Mainstream DeFi at global scale.,
Each of the four Radix platform technologies represents a breakthrough to the problem attached to Defi that we’re excited to share with the world
In a major technology milestone last year, the Radix team overcame the key issue of DeFi scalability by reaching over 1m transactions per second with their technology, a throughput over 5x higher than the NASDAQ at its peak.
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