What Is e-Radix (EXRD) How It Works & Where To Buy It?

e-Radix is the wrapped Ethereum version of the Radix token. The EXRD token possesses the same utility as the XRD token. The EXRD price is the same as the XRD price, and the tokens can be traded for XRD tokens at a 1:1 ratio.

XRD is the native utility token of the Radix network. When users sell e-Radix they will receive the same amount as they would when selling XRD.

The EXRD token is currently the 243rd largest cryptocurrency by market capitalization.

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How e-Radix (EXRD) Works

Radix DLT is a technological solution that addresses typical problems that impede DeFi. Additionally, Radix Network claims that developers can build and deploy without the fear of suffering an exploit.

Radix is a layer-1 protocol that maximizes cross-shard synchronization. This enables scalability across various chains without sacrificing security or composability. In addition, the Radix development community is eligible to earn incentives in the form of the protocol’s XRD token for any enhancements that are contributed to the protocol.

When it comes to designing apps that are integrated with DLT technology and built for DeFi, developers typically encounter several challenges, but Radix tackles this head-on. Developers of decentralized apps (dApps) in the Radix ecosystem must easily achieve execution of the following to attain broad adoption:

Reduce smart contract vulnerabilities.
Develop apps that are compatible with others more efficiently.
Offer financial and other incentives to encourage the growth of decentralized communities of software developers.
Applications may be scaled up without losing their composability.

Radix boasts an environment that will make it possible for innovation in the decentralized finance industry to flourish. This platform will provide developers with a blockchain development abode where they can create smart contracts for the next generation while also reducing the possibility of being hacked, having their code fail, and being exploited.

Radix leverages the byzantine fault tolerance (BFT)-based Cerberus consensus system to enable DeFi to scale without limiting composability. This was built from scratch.

Cerebrus Consensus:

Radix utilizes a consensus mechanism known as Cerberus to reach consensus. A parallelized Byzantine Fault Tolerance (BFT) consensus mechanism is used in the Cerberus consensus protocol.
Radix protocol offers a novel approach to the problem of achieving consensus on decentralized DLTs. When using Cerberus, each and every transaction is built of atomic steps that span several shards.

Radix Engine:

The Radix Engine positions itself as an environment for development that reduces the likelihood that smart contracts may be hacked or otherwise exploited. Additionally, it aims to encourage the expansion of native communities that are centered on Radix’s developer tools. This helps to support the development of the Radix community.
The Radix Engine is an environment for development that reduces the likelihood that smart contracts may be hacked or otherwise exploited. Additionally, the Radix Engine acts as a decentralized “self-incentivizing development environment” to encourage the expansion of a community that is centered on Radix’s developer tools. This helps to support the development of the Radix community.
The Radix Engine was developed for “the conception of reasoning that characterizes predictable, accurate results on-ledger in response to queries.” Its functionality originates from finite state machines (FSMs), which are used in operating systems that require enhanced formulaic accuracy constantly.

Individuals seeking more information about Radix can refer to its whitepaper.

What Is e-Radix (EXRD) Used For?

The protocol’s XRD token was first introduced by Radix as an ERC-20 token and was launched on the Ethereum blockchain when it was initially deployed. The deployment of an initial ERC-20 version of a project’s token is a go-to in most blockchain development ecosystems. This applies to both emerging projects and projects whose mainnets are still in the process of being developed.

This enables companies to launch their currencies on the industry’s biggest blockchain that supports smart contracts and is compatible with the vast majority of blockchain products. After that, token holders will have the ability to transfer any assets based on ERC-20 into the project’s native token standard once the mainnet is live.

XRD was made operational on its own native network immediately upon the introduction of the Olympia Mainnet launch. However, the XRD tokens that were based on the ERC-20 standard were not removed from Ethereum’s blockchain. Instead, they were transformed into what is known as a wrapped token, which resembles an Ethereum version of XRD, known as the e-Radix or EXRD token.

Holders of the Ethereum version of XRD have always had the option to trade in their tokens for the new and native XRD token at a ratio of 1:1.

In addition, some individuals trade EXRD tokens on a variety of platforms using swing trading and arbitrage strategies. This may result in large profits, but there is also a significant element of risk involved.

Where To Buy e-Radix (EXRD) Token

EXRD tokens are commonly traded on most decentralized crypto exchanges. To buy EXRD, you will first have to deposit fiat currency into an exchange; after that, IMX tokens will be automatically added to your digital wallet that is provided by the exchange.

Below are some of the most secure exchanges where you can buy, sell and store tokens.

The majority of the time, holders of crypto tokens will transfer their tokens into a digital wallet. Holders will then simply be able to connect their wallets to a variety of decentralized platforms to make use of lucrative DeFi goods.

It is strongly suggested that users withdraw their tokens from centralized exchanges since doing so grants them complete possession of their crypto tokens and private keys. Users may then utilize this ownership to their advantage.

None of the abovementioned information is investment advice.

About e-Radix (EXRD)

How long has e-Radix (EXRD) existed?

Radix was initially started in 2013 on Bitcointalk and was named ”eMunie”. Dan Hughes is the founder of the Radix protocol.

What’s controversial about e-Radix (EXRD)?

Cryptocurrency markets throughout the world have a reputation for being under-regulated. Investors should always proceed with care and learn all they can about cryptocurrencies and blockchain before making any investments.

Let’s take a look at the top controversy surrounding e-Radix (EXRD):

Slow Adoption – There are many competitors in the cryptocurrency sector, and many of these projects have established large global communities. Most of these projects are also seen as credible and have blockchain products that are used by people every day.
Radix has established itself in the crypto space, but it has failed to gain as much traction as competing projects. Many individuals believe that the project lacks innovation and won’t become a dominant project in the blockchain space.

How many e-Radix (EXRD) Tokens are there?

At the time of writing, e-Radix (EXRD) has a circulating supply of 1,604,958,666

The total supply of e-Radix (EXRD) is 1,604,958,666

The max supply of e-Radix (EXRD) is 24,000,000,000

Can e-Radix (EXRD) be mined?

e-Radix (EXRD) tokens can’t be mined. EXRD is the Ethereum version of XRD. The e-Radix price is 1:1 with the current price of XRD and even though the token is on a separate network, EXRD price statistics remain the same.

The protocol’s tokens run on a decentralized network but the compatibility of the e-XRD token is limited to Ethereum – the only decentralized network EXRD tokens can be transferred on. Additionally, EXRD tokens can only be purchased on decentralized cryptocurrency exchanges.

What is the market cap of e-Radix (EXRD)?

The market cap of e-Radix (EXRD) is: the total amount of coins in circulation x the current market price of EXRD.

e-Radix (EXRD) Market Cap = 1,604,958,666 EXRD x $0.06 = $98 million (243rd largest market cap)

The fully diluted market cap of EXRD is $1,471,885,635.

EXRD is currently one of the top 300 cryptocurrencies by market capitalization.

Biggest Competitors Of Radix & e-Radix (EXRD)

Radix is a well-known protocol that has garnered a large community of enthusiasts in recent years. The protocol has been around for several years and has several competitors.

Radix’s biggest competitors are:

What Are The Future Plans of e-Radix (EXRD)?

e-Radix (EXRD) is the Ethereum version of XRD, and e-Radix’s price is the same as XRD. The Radix protocol is actively working on improving the protocol and getting the XRD token listed on more exchanges.

The true potential of the project will only be seen once it achieves global adoption. The current linear scalability and relevant data surrounding the project seem extremely positive, but it has yet to break into the market as a dominant project.

Pros And Cons Of e-Radix (EXRD)

Pros:

Catered To Developers – The protocol offers developers an easy-to-use and reliable environment where they can create decentralized applications and leverage the security of the Radix network.

Cons:

Slow Adoption – Radix has been around for several years but is still not regarded as one of the top blockchain projects.
Minimal Listings – RDX is listed on very few major crypto exchanges.