icon - e-Radix
EXRD e-Radix
+ 0.38%
$ 0.06824786
Volume 24h
Circulating supply
Change 24h
Graph (7d)
  • -
    $ 0.06824786
    $ 50,150,894
    $ 455,569
    734,834,633 EXRD
    + 0.38%

e-Radix. Price of cryptocurrency: $ 0.06824786

What is the name of the person? The problem of how to decentralize the $400 trillion global financial system led to the creation of the layer 1 smart contract platform, Radix.

What is e-radix?

eXRD is a permanent link between the two networks and can be exchanged for XRD.

The price of the two token is expected to be at parity because they are exchangeable.
There is a purpose.
In the same way that wBTC allows for a representation of a currency to be used in a project, eXRD allows for a token to be used in a project.
Prior to the issuance of eXRD, it was possible to distribute the token as widely as possible.
There is supply and allocation.
Each eXRD is backed by an XRD held at a third-party custodian.
The maximum number of XRD that can ever be wrapped into eXRD form is the same as the maximum number of XRD.
As users unwrap and wrap eXRD, the total supply is fluid.
Who are the founding fathers of radix?
In 2012 Dan Hughes discovered the digital currency. With his background in developing telecommunications technology, he was able to see the impact that the technology could have on global finance.
Dan focused on solving the biggest problem of the day for the next five years.
The project was renamed after Piers Ridyard joined as CEO, and funding was raised from a leading European VC.
The world's first cross-shard atomically composable consensus protocol was created by the breakthrough of Cerberus in 2020.
The Jersey entity that issued XRD and holds the Radix Foundation treasury was launched in 2020.
The first iteration of the public network went live in July of 2021.
The game changing DeFi development language was released in early access form.
The first half of 2023 will be when the Babylon release will go live.

What makes radix unique?
It is unique across every level of its technology stack.
Scrypto is a programming language that aims to improve the Web3 and Defi developer experience by providing assets as a native first-class feature of the language.
The world's first "Defi Engine" is a virtual machine that promises to do what game engines did for games development.
There is a consensus that isbraided across a large space.