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Radix (XRD) is a Layer 1 network that seeks to tackle the scalability and security challenges of decentralised finance (DeFi).
Radix achieves scalability with its Cerberus-sharded architecture, which enables parallel transaction processing across multiple shards. This provides high throughput and linear scalability without sacrificing security or composability.
The Radix Engine, a development environment using Finite State Machines (FSMs), ensures predictable and secure on-ledger results while minimising smart contract vulnerabilities. Another key tech component is the custom programming language, Scrypto, which simplifies the deployment of decentralised applications (dApps).
The XRD token is used for staking to secure the network, with holders delegating to validators. It also powers all transactions on the network, with fees partially burned to regulate token supply. Additionally, it supports DeFi applications by serving as collateral in lending protocols and facilitating token exchanges. Token holders can also participate in governance decisions for the network.
