About

Radix DLT is a decentralized finance (DeFi) platform that provides a full stack for Web3 development. It offers a user-friendly Radix Wallet, Scrypto programming language, and Radix Engine for secure dApp development. Its Cerberus consensus algorithm ensures scalability and security, catering to both developers and users in the DeFi and Web3 space.

History

Radix founder Dan Hughes discovered Bitcoin in 2012. With his background in developing telecommunications technology, he could see the tremendous impact that blockchain could have on global finance and more. Having researched Bitcoin for a year, he started eMunie (later renamed Radix) on Bitcointalk in May 2013. For the next five years, Dan focused on solving the biggest problem of the day: scalability. He invented and tested multiple consensus architectures, including Blocktrees, Directed Acyclic Graphs (DAGs), Channeled Asynchronous State Trees (CAST), Tempo, and Cerberus. In 2017 Piers Ridyard joined as CEO, the project was renamed to Radix with further funding raised from Taavet, the co-founder of TransferWise and LocalGlobe, a leading European VC. The breakthrough of Cerberus in 2020 created the world's first cross-shard atomically composable consensus protocol - capable of providing unlimited linear scalability. And in December 2021, Scrypto, Radix's smart contract programming language was released. In July 2021, Radix launched its Olympia mainnet, and as at February 2022 over $500m of XRD is staked. In 2020, Radix launched Radix Tokens (Jersey) Limited, a Jersey (Channels Islands) entity who is the token issuer and holder of Radix Foundation treasury. The RTJL CEO is Andrew Jarrett.