Radix is a layer 1 smart contract platform that started from the problem of how to decentralize the $400 trillion global financial system and worked backwards from that objective.

After more than nine years of research, testing, and development, Radix is poised to take the world of DeFi by storm with Scrypto, its intuitive asset-oriented programming language; Radix Engine, the worlds first programmable DeFi Engine; and Cerberus, a consensus algorithm that provides atomic composability with linear scalability.

The E-RADIX token is the wrapped representation of XRD on Ethereum, with ticker eXRD.

eXRD serves as a permanent link between the Radix and Ethereum networks, and it can be exchanged 1:1 with XRD, via Instabridge or via exchanges.

eXRD was instantiated in November 2020 on the Ethereum network, as an ERC20 token, under contract: 0x6468e79A80C0eaB0F9A2B574c8d5bC374Af59414.

eXRD will never expire, so there will never be a cutoff for swapping between eXRD and XRD.

Because eXRD and XRD are exchangeable 1:1, arbitrageurs might be expected to keep the price of the two tokens at parity.

Purpose

In the same way that wBTC allows for a representation of Bitcoin to be used in Ethereums DeFi ecosystem, eXRD allows for a representation of Radixs XRD token to be used in Ethereums DeFi ecosystem.

eXRD was issued prior to XRD as a means of distributing tokens as widely as possible prior to staking commencing as part of Radixs Delegated Proof of Stake system. This served as a means of further decentralizing the Radix Public Network

Supply & Allocation

Each eXRD is backed 1:1 by an XRD held at a secure third-party custodian, as part of the Instabridge service.

As a wrapped form of XRD, eXRD has a maximum possible supply identical to XRDs since this is the maximum number of XRD that can ever be wrapped into eXRD form.

The total supply of eXRD is fluid as users unwrap eXRD tokens to XRD, and wrap XRD to eXRD.

Dan Hughes, based in the UK, 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), Channelled Asynchronous State Trees (CAST), Tempo, and Cerberus.

In 2017 Piers Ridyard joined as CEO, the project was renamed Radix, and funding was raised from Taavet Hinrikus 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.

2020 also saw the launch of Radix Tokens (Jersey) Limited, the Jersey (Channels Islands) entity that issued XRD and holds the Radix Foundation treasury. The RTJL CEO is Andrew Jarrett.

In July 2021 the first iteration of the Radix Public Network, Olympia, went live.

The game changing DeFi development language, Scrypto, was released in early access form in December 2021.

Radixs Babylon release, that brings production smart contracts written in Scrypto onto mainnet, is scheduled to go live in the first half of 2023.

Radix is unique across every level of its technology stack, providing:

A unique asset-oriented programming language, Scrypto, that aims to substantially improve the Web3 and DeFi developer experience by providing assets (tokens) as a native first-class feature of the language.

A unique virtual machine Radix Engine (the worlds first DeFi Engine) that promises to do for DeFi what game engines did for games development.

A unique consensus algorithm, Cerberus, that braids consensus across a massive shardspace. With every transaction being cross-shard and atomic, this is what gives Cerberus its unique combination of atomic composability with linear scalability.

Radix is a layer 1 smart contract platform that aims to decentralize the $400 trillion global financial system. It offers Scrypto, an intuitive asset-oriented programming language; Radix Engine, the world's first programmable 'DeFi Engine'; and Cerberus, a consensus algorithm that provides atomic composability with linear scalability.

e-RADIX (EXRD) is the wrapped representation of XRD on Ethereum. It serves as a permanent link between the Radix and Ethereum networks and can be exchanged 1:1 with XRD. eXRD was instantiated on the Ethereum network as an ERC20 token in November 2020. The token will never expire, allowing continuous swapping between eXRD and XRD. The price of eXRD and XRD is expected to remain at parity due to arbitrageurs.

The founders of Radix are Dan Hughes and Piers Ridyard. Dan Hughes discovered Bitcoin in 2012 and started eMunie (later renamed Radix) in 2013. Over the years, Dan focused on scalability and invented multiple consensus architectures. Piers Ridyard joined as CEO in 2017, and funding was raised from Taavet Hinrikus and LocalGlobe. The breakthrough of Cerberus in 2020 created the world's first cross-shard atomically composable consensus protocol. Radix Tokens (Jersey) Limited, the entity that issued XRD and holds the Radix Foundation treasury, was launched in 2020. The first iteration of the Radix Public Network, 'Olympia', went live in July 2021. Scrypto, the game-changing DeFi development language, was released in December 2021. The 'Babylon' release, bringing production smart contracts written in Scrypto onto mainnet, is scheduled for the first half of 2023.

Radix is unique in its technology stack, offering a unique asset-oriented programming language called Scrypto. It also provides Radix Engine, the world's first 'DeFi Engine', and Cerberus, a consensus algorithm that enables atomic composability with linear scalability. Radix aims to substantially improve the Web3 and DeFi developer experience by making assets (tokens) a native first-class feature of the language.