“End of life cycle…” – will DLT help central banks?

Scalability and high commission fees are simply the bane of the cryptocurrency age. Dozens of hard forks, soft forks, and projects are trying to solve this problem. What if we create a completely new protocol, different from blockchain, that will not have such problems? This is what the Radix DLT developers did.

Radix DLT project concept

Radix LTD is a fundamentally new approach in cryptography. This is not one of the many coins that are issued daily. Radix has radical differences.

So, today there are two main blockchain technologies on which Bitcoin and Ethereum are based, and many other popular and not so popular digital currencies. The likes of Iota, Nano and others use DAG (directed acyclic graph). However, issues of scalability, throughput and transaction costs remain relevant. Interestingly, Radix DLT does not use any of the above solutions.

Radix's lead developer Dan Hughes worked on this project for 6 years. All this time I tested and improved my own protocol called DLT (Distributed Ledger Technology). This is also a distributed ledger technology. The developer claims that this particular protocol can solve two main problems.

Radix DLT truly has the potential to be a revolution in cryptography. Interestingly, the official website even contains a motto that sounds like:

"Blockchain, your days are numbered."

Peculiarities

1. Sharing Economy: Agrello helps manage day-to-day contractual activities such as car rentals and subletting.
2. Automated: AI assistants help negotiate agreements and perform responsibilities on behalf of the user.
3. SMEs: The platform makes it easy to formalize long-term and short-term business relationships, such as freelancer relationships, without incurring any legal fees.
4. Legally Binding: Contracts on Agrello are completely legal, without the hassle of legal documents and associated costs, as this is taken care of by the Agrello network and its integration with legal experts.

Linear scalability

Radix provides high throughput, scalability and security using a proprietary consensus model - Tempo. In addition, RADIX DLT is linearly scalable. This means that the more nodes are added to the network, the more it will scale. Unlike current solutions, each added node increases the throughput of the Radix network.

The latest test showed Radix doing 20,162 transactions per second (t/s) with only ~10 nodes. Such indicators are significantly higher than any existing ones. Ethereum makes 7 transactions per second, and Bitcoin – 5.

Outlook and forecast for 2022

The Dentacoin cryptocurrency has the potential to significantly reduce the industry's unit costs, lead to economies of scale and provide better services to low-income people.

As more and more people earn DCN tokens and use them in different ways, the value of the cryptocurrency began to rise sharply from the beginning of 2022. This is largely facilitated by the revolutionary idea of ​​the project’s authors, who proposed obvious solutions to some problems in the dental industry.

Source:

https://dentacoin.com

https://globalcoinreport.com/

https://www.nasdaq.com/

Editor: BlockChainWiki Team

Radix debit cards that work on existing PoS

Existing solutions do not provide a truly decentralized and independent form of payment solutions for merchants. They have to depend on partnerships with existing payment providers (such as Visa) to complete the transaction.

If Visa terminates the partnership, operations stop. Moreover, there are enough cases of unsuccessful partnerships with Visa. Radix allows you to use debit cards that will be completely independent from any payment provider. In fact, anyone can make a Radix debit card, and it will cost pennies. How this happens is described in the video.

Most modern blockchain solutions require merchants to use new hardware. Radix can be used on standard everyday Point Of Sale solutions that are already in use. The protocol's features reduce contention and speed up confirmation.

Radix will use a standard EMV card for transactions to the Radix public network (or bank). The transaction will be verified on the Radix network.

Relatively stable value with constant growth

One of the main reasons why merchants do not yet use cryptocurrencies is high volatility. Radix protects the price stability of its token while offering maximum growth potential.

Radix DLT protects against large price fluctuations using elastic supply. Today's coins have large fluctuations in price. But the Radix cryptocurrency will be more stable. Instead, the level of supply will fluctuate. This way, when the demand for Radix increases, instead of the token increasing in price, more Radix tokens will be provided to holders. If demand decreases, Radix will reduce the supply of all tokens. (Tokens will not be removed from holders’ wallets. More details about the economic system, and how this will be implemented, are not yet entirely clear).

This will allow for bulk confirmations to be accepted as suppliers will not have to worry about their Radix tokens decreasing in value once the item has been paid for.

Conclusion

Agrello appears to have a bright future given that they already have a working product and provided they can provide additional products to complete the platform. The machine learning and artificial intelligence components are particularly interesting, but these will likely be some of the last things improved.

It's also likely that Agrello will face regulatory and legal challenges as it expands into other countries. This is especially true in the US, but, again, they have a solid team of lawyers who have undoubtedly spent hundreds of hours trying to overcome such obstacles.

One of the strengths of the Agrello platform is the strong user community that has formed around the project on sites such as Discord, Reddit and Telegram. These resources can give you additional information about the project, as well as show the high level of enthusiasm that the user community has for the project.

Nothing is in doubt in the rapidly evolving world of blockchain technology, but Agrello certainly seems to have landed himself in an area that is well-suited to the use of blockchain and smart contracts. Whether they can deliver remains to be seen, but they are off to a good start.

Mining Radix (RDX)

Unlike Bitcoin mining, the Radix network will allow even resource-constrained devices to participate as nodes in the network. The Radix node can be run on a device with a memory size of 16 MB and a processor of 100 MHz. This will make decentralization even more perfect.

In addition, the Radix network provides integration and trust between nodes. Rewards are distributed based on resource availability for each node in a completely transparent and fair manner. This means that anyone can run a node on the Radix network and receive fair rewards.

Dental Database

Blockchain technology offers a model that can enable secure, lifelong exchange of medical data in file format across all healthcare settings. This can prevent third parties from accessing your data and provides protection against changing or deleting information.

A programmable distributed ledger with timestamping requires the use of smart contracts to control access to records without the need to create custom functions for each participant.

Healthcare institutions can use the DCN token as a financial investment or as a tool to reward their employees for quality work.

Smart contracts Scrypto

Radix already includes smart-contract. The developers created dApps using Scrypto, a decentralized application development language from Radix. Scrypto is based on JavaScript/TypeScript, so the learning curve is almost non-existent. In addition, the platform will have its own debugging tools and can be used on existing JavaScript IDEs. Essentially, if a user knows JavaScript, then he can develop applications in Radix.

Radix DLT Team

1. Dan Hughes - Founder, Chief Developer. Dan helped develop the software needed to make NFC-based payments secure on mobile phones. Has experience in 3 successful startups.
2. Piers Ridyard - Executive Director. Has experience in the blockchain segment. Founded Surematics and YCombinator S'17, helping create the world's first decentralized virtual data room.
3. Robert Olsen is Chief Operating Officer. Entrepreneur, Crypto Investor and Blockchain Evangelist since 2012.
4. Stephen Thornton is the principal investigator. A specialist in physics, cryptography and software engineering, Steve installed the first transatlantic closed encrypted internet, helped develop SSLEAY, ported openSSL to run on mobile platforms using asynchronous sockets, and wrote firmware for encrypted mesh routers for "MoD".
5. Shira Abel is the Director of Marketing. Experienced marketer, founder of Hunter & Bard and current CMO for several high-performing startups.

For now, this is all that can be said about the project. Most likely, there will be no ICO; after the launch of the platform, tokens can be purchased immediately on the exchange. The token standard will be personal, and it can be kept in your own wallet on the platform. You will need to pass KYC.

Roadmap

Telegram channel: https://t.me/radixdlt

You will need to monitor it to know when it will be possible to purchase tokens on the exchange.

Indeed, Radix DLT will be a breakthrough in cryptography. One platform will have all the solutions to current problems in blockchain. It will have a decentralized exchange and the ability to create its own tokens/assets. In addition, developers will be able to create full-fledged decentralized applications on the Radix platform. With its limitless scalability and cost of decision making, Radix will be positioned to become an industry leader.

How to mine DCN

DCN token mining is not possible. There are only two ways to get cryptocurrency:

1. Purchase.
2. Earnings on the platform.

After the ICO, the remaining 76.1% of tokens (6,088,888,888,888 DCN) will be distributed between 2022 and 2042. Annual distribution volumes are fixed in Timelock contracts, which can be found on the project’s GitHub page.