What is Radix?
(Take a look at the powerful Radix project)
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Introduction:
If you have worked in the field of digital currencies, you must have heard the name blockchain by now. But from now on you have to hear the name Radix next to it because the purpose of this technology is to get rid of blockchain.
Radix is in fact a decentralized distribution office like blockchain, but it does not have the problems of blockchain, which is why it has been able to attract a large number of fans of the world of digital currencies.
Radix is already focusing on more quality so that it can replace blockchain. But what are the advantages of Radix having such a goal in its program? If you are also curious to get more information about Radix, it is better to join us at the end of this text because we intend to provide you with more information about this unique technology in the continuation of this article.
What is radix?
Radix is a decentralized office that follows a whole new technology. This technology is neither DAG (Directed Acyclic Graph) nor blockchain dependent, but a new and completely decentralized network. The network follows smart contracts and could be a new foundation in the world of digital currencies. Radix can actually be a super-decentralized head office that has simply turned blockchain problems into its strengths.
Before Radix, the only way to build a distributed, decentralized head office was a blockchain network. The network actually allowed a large number of computers to connect to the network and agree on an issue without the need for an overseer or central system.
Although blockchain has been very successful, it has not always been without its flaws, but it has had many problems that have made it inefficient in many cases. Research by a large company shows that most projects created on the blockchain platform are stuck in their early stages, and this has led many to consider blockchain to be an almost inappropriate system.
In fact, it can be said that blockchain was only the beginning of the decentralization path and we can not expect this system to be the only decentralized system in the future. Simply put, more decentralized systems will be introduced in the future that can fix blockchain bugs.
Radix is one of those systems that, if its code works properly, could revolutionize the world of digital currencies. Of course, this may also become more complete over time.
But on the whole Radix was an answer to the problems of the blockchain network that had limited its activity. Now you may be wondering what problems the blockchain network has that Radix has taken action to fix. In the following, we will take a closer look at these problems and tell you how Radix has fixed them.
The most important blockchain problems
Obviously, as long as there is no problem, there will never be a solution. So when a system or something goes off the scene, it means that it has problems and is not complete enough. Although blockchain has not been removed from the scene yet, it is not without its problems, and this makes it even more possible for it to be removed. Here are the most important problems that have hindered the development of blockchain-based projects.
Scalability
One of the most important problems with blockchain is its scalability. This was initially considered an advantage for the blockchain, but as it grew, it became more of a big deal. In fact, using this feature made it possible to grow the network, and there was no longer a single central system for control or hacking, and therefore the security of bitcoin was significantly high. But the main problem with scalability was that the system was slowing down as more users increased.
In Bitcoin, for example, further system expansion increased network security, and the system still processed only a few hundred orders per minute. Or, for example, in Atrium, when 100,000 users who wanted to enter one of its popular games at the same time, the network crashed altogether, which led many engineers to look for a way to speed it up.
Problem and risk of concentration
Blockchain can be considered the first decentralized system in the world, but it must be admitted that this system is not completely decentralized. Most existing algorithms that revolve around the decentralization of this system are not very efficient. For example, the Proof of Work or PoW algorithm is only efficient when 50% of the total drive power of the system is operating. In other words, if more than half of the system confirms incorrect data, this data will be entered as correct data throughout the network.
Over 50% of network power is impossible for large blockchain systems such as Bitcoin, but in private and smaller networks it is more likely and people with sufficient resources can change it. Of course, it should be noted that doing this takes a lot of energy and money, but in any case, it is not impossible to do, and that is why I say blockchain is not completely decentralized.
Of course, before the introduction of Radix, other algorithms were created to solve this problem of decentralization, such as the algorithm of proof of share and proof of assigned share. Although these two systems were able to solve some of the common problems to some extent, they were not very successful because they eventually lead to the overall centralization of the system.
By now, you may be wondering why there is so much emphasis on decentralization. How important is this issue? In fact, the importance of blockchain depends on its decentralization.
This system actually helps to eliminate a single monitoring system and instead each member of the network is responsible for monitoring a section. This was the first time that human beings were able to create a value of their own and transfer it logically to each other without the supervision of banks or other regulatory bodies. A system is really decentralized when it can meet the needs of the audience in all aspects. Radix is the most comprehensive answer to this need.
Advantages of Radix
In fact, the most important advantage of Radix is that it focuses on solving the above problems. This system has tried to solve the mentioned problems in the best possible way. Although this solution took about 6 years and the developers had to re-implement the system several times, they were still able to find a logical and acceptable solution to the above problems.
The first thing that made Radix stand out from the crowd was its different system from blockchain. In fact, Radix is no longer a blockchain, but a distributed, decentralized DLT or head office that uses innovative, new units called Tempo instead of blocks. In other words, in this system, something called a block is not formed, but instead there are other units called tempo. The consensus of these units creates a secure network with high scalability that provides the ability to store and share data securely and quickly.
Although Bitcoin and Blockchain created the original Radix idea in the minds of its creators, the system does not contain any blockchain or Bitcoin code. However, it should be noted that the original designers of this system spent the first few years working on changing the blockchain code in the hope that they could fix it, but they actually came to the conclusion that these problems were in fact rooted in the nature of the blockchain. And they cannot be solved except with a general change of this system.
All of this led developers to think of implementing a flawless system that would not have any of the blockchain problems, so it would not necessarily have any of the code. This marked the beginning of a new chapter in the world of digital currencies called Radix.
But how can this system break the blockchain? In fact, Radix performance is a major threat to the survival of the blockchain. Due to its capabilities, this system has been able to turn all the weaknesses of Bitcoin into its strengths as much as possible, and thus make it popular. These strengths are as follows.
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Decentralization in the true sense of the word
As mentioned earlier, decentralization is very important for current systems and that is why all systems are trying to achieve it in a logical and secure way. In other words, if your system is monitored or controlled by a central unit, your system can not replace the blockchain. This is something that the original designer of Radix has been very focused on and has been able to address it to a great extent.
As we said, to solve this problem, various systems such as proof of share or proof of distributed share were created so that they could be literally decentralized, but none of them were successful.
The designer of Radix was fully aware of this and therefore did not apply any of the previous systems to it and instead tried to create a completely new system for it. "Logical time passage" is a special system that the creator of Radix created it to be decentralized. The interesting thing about the linear bus system is that it relies on logical clocks, which helps make this system work very accurately.
If we want to explain the "logical clock passage" to you in simple language, I must say that this system is like a counter. In the entire Radix network, each node has its own "logical clock" and obeys it. There are two general rules about this counter that all nodes must follow. First, the direction of the counter must always be forward. Second, whenever an event is viewed by Node, it must add a unit to its counter, or more simply, its counter moves one unit forward.
This counter is activated in each node or node only when it sees a valid event that has not been seen on the network before. After seeing this valid event, a logical clock is activated and a unit is added to it and seals it and sends it to the network with a special id. This is despite the fact that in the blockchain network, ninety had to make a commitment to measure these events, and this also slowed it down.
The interesting thing about this system is that it can be used to resolve disputes. In simpler terms, this system is used to resolve disputes in the network, and this allows the need to not use the network continuously and to use it only during disputes. The sum of these cases has been effective in increasing the efficiency of this system compared to blockchain. Of course, it should be noted that this system is very cost-effective and has high accuracy and performance, and therefore requires the least amount of energy to operate or resolve disputes.
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Scalability in a linear manner
As mentioned earlier, one of the most important problems with the Bitcoin network was its lack of proper scalability. This feature did not allow Bitcoin to be fast enough, and on the other hand, as its users increased, its speed slowed down.
This was one of the most important issues addressed by Radix. But how is this problem solved? To solve this problem, Dan Hughes developed another method of scalability called linear scalability, which helps make the system more tailored to its members. In other words, as the number of members increases, not only does the speed and efficiency of the system not decrease, but also its speed increases.
The Radix team knew from the beginning that deleting data could not increase this scalability, so they took a different approach. In order to be able to implement such a program, they tried to index the data in pieces, and in other words, by fragmenting the data, the existing demand in the system is covered and new people can more easily have access to the desired parts of their data.
They had an overview of the structure of information and data and then decided to break it down into smaller pieces of data without breaking down the overall structure, and finally the place of each small piece of data in the larger structure. Be clear.
This should be done without new indexing and different sections should not be re-indexed. To achieve this, the Radix team tried to break down the data structure of their system into 18.4 quintiles, and then used various reference keys, such as the public key, to determine where each piece of information fits into the overall system.
This clever thinking helps Radix scalability grow significantly as people and systems grow. Estimates suggest that with the rise of Radix systems, its scalability and speed will surpass Visa, the world's fastest financial system.
Satisfaction of developers
From the very beginning, Radix has tried to attract more users and developers to increase the range of its applications, and for this reason, it has provided many fields for them. Radix currently provides users with the best tools for building decentralized applications and applications, which is why it is so important. In fact, Radix wants to become a platform for building the software that people need in this area. In addition, a completely live network has been created on this platform to test alpha. For more information in this regard, you can refer to the following link:
https://www.radixdlt.com/developers
On the other hand, if you want to build your programs on this platform, you can refer to the following link:
https://github.com/radixdlt
The last word
Blockchain was the beginning of a long journey called decentralization, which aimed to create a complete global system without the supervision of a single sector. A system in which everyone is the same and in fact becomes part of a global and advanced network and can build a decentralized global computer with indescribable power by consensus of their devices.
But blockchain had problems that prevented it from doing so. The system was not really highly scalable and could not meet the growing demand of users. On the other hand, this system was not completely decentralized, and with a 50% increase in network power, this security was practically disrupted.
Radix was a solution that came up with these goals and did not have any of the blockchain problems. This system was created by a hard-working developer named Hughes, who instead of using the blockchain proof-of-structure structure, uses another function called "logical time passage" which is more accurate and less expensive, and on the other hand in Radix all the information They are divided into smaller pieces, and as a result, the scalability of this network increases as users and systems increase. All of this has led many to see Radix as the beginning of a revolution in the world of digital currencies.
Official resources:
Site: https://www.radixdlt.com/
Whitepaper :
- https://www.radixdlt.com/wp-content/uploads/2020/03/Cerberus-Whitepaper-v1.0.pdf
- https://www.radixdlt.com/wp-content/uploads/2020/06/2020-04-03-Radix-Economic-Model-V6.pdf
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Medium: https://medium.com/@radixdlt
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