Hello, Satoshi clubbers! Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from Radix and our guest was @piersr – representative of Radix. The AMA took place on 30th of June.

The total reward pool was 500$ and has been split into 3 parts.

In this AMA Recap, we will try to summarise the most interesting points for you.

Part 1 — introduction and questions from the Website

Mary | Satoshi Club:
Hello Satoshi Club! We are happy to announce our AMA session with Radix! Welcome to Satoshi Club😀

@piersr welcome to Satoshi Club 😉

Piers from Radix:
Hey guys!

Great to be here.

Mary | Satoshi Club:
We are happy to welcome Radix project here👏

How are you today?

Paul Mont | Satoshi Club:
Welcome, great to have you here! 😉

Piers from Radix:
Very good!

How are you?

Mary | Satoshi Club:
Awesome! Let’s start our AMA than👏

Paul Mont | Satoshi Club:
We’re super excited to hear anything about Radix 🙂

Mary | Satoshi Club:
We will start it with introduction 😀

Piers from Radix:
Awesome, let’s do it.

Paul Mont | Satoshi Club:
So, please tell us more about yourself – your past experiences/background and also how did Radix come to life.

Piers from Radix:
I’m Piers Ridyard. I’ve been CEO of Radix for almost four years now. Before that, I founded a decentralized insurance startup called Surematics that went through YCombinator. I’m also host of The DeFi Download, which is a podcast on all major podcast platforms (defidownload.com). If you’re interested in DeFi, please do check it out, we’ve had Aave, Ren, mStable and many others on.

Radix came to life before me – I joined the project in 2017, but Dan started working on the technology behind it way back in 2013, a year after he got into the Bitcoin community.

Mary | Satoshi Club:
Wow, that’s interesting, i will definitely visit it🔥 great background!

Piers from Radix:
I’ve been in crypto since 2015, but I’m a baby next to Dan 😆😆

Mary | Satoshi Club:
Ahaha😂

Paul Mont | Satoshi Club:
😁Yet this intro already exudes passion and hard-work 😉

Piers from Radix:
Radix came about because Dan realised that while the promise of blockchain was revolutionary, the technology did not live up to the hype. Fast forwards 8 years, and this is where Radix is today!

Done

Paul Mont | Satoshi Club:
I think that reading through all the various Radix whitepapers, I’ve only managed to scratch the surface of what Radix is about and how revolutionary it is gonna be in the cryptoverse 😁

Mary | Satoshi Club:
What Radix aims to bring to crypto?

Piers from Radix:
Haha, it’s all about those paper! Have you seen our new blog explainer series with infographics? It’s pretty awesome and very readable

https://www.radixdlt.com/post/cerberus-infographic-series-chapter-i

Start here, and enjoy!

Cool, good question

Paul Mont | Satoshi Club:
Yes, and it is great and very enjoyable! Thank you very much for sharing! I’d recommend anyone to read through it, it’s definitely worth one’s while. Radix is definitely on the edge of tech! 😉

Mary | Satoshi Club:
I see you were in DeFi before it became mainstream 😀

Piers from Radix:
Wasn’t called DeFi back then.

I need a t-shirt that says “In DeFi before it was cool”

😆😆

Radix is a layer 1 protocol. That means it’s the base layer where data, tokens and smart contracts live. Decentralised applications (or dApps) such as Uniswap can then be built out of those components. Ethereum for example is a layer 1 protocol.

Unlike Ethereum, Radix is a layer 1 protocol built specifically to serve DeFi, we like to say it is layer 1 DeFi done right. This is because Radix is the only decentralized network where developers will be able to build quickly without the constant threat of exploits and hacks, where every improvement will get rewarded, and where scale will never be a bottleneck.

Mary | Satoshi Club:
😂 perfect t-shirt

Paul Mont | Satoshi Club:
😂

Piers from Radix:
There are three huge problems in the DeFi space right now.

1. DeFi developers spend up to 90% of their time securing their smart contract code rather than building functionality. Despite all this concentration on security there have been $285m worth of hacks to date!

Mary | Satoshi Club:
Do you want to tell that it won’t be possible to hack projects?😀

Piers from Radix:
Hahaha – I won’t go that far, but we make it MUCH easier to build and deploy secure code.

We have created our own smart contract language called Scrypto.

It has been developed as a result of spending a lot of time with DeFi developers, both from leading projects and from people just getting started.

Paul Mont | Satoshi Club:
I guess building on Ethereum right now is like writing on an empty sheet of paper. Great flexibility, but there are huge risks as well, at least in building froms scratch.

Mary | Satoshi Club:
Yes, we have question about this a bit later😉

Piers from Radix:
Yep, this is a great analogy

Or like climbing a mountain without a safety rope

Just not a good idea.

Mary | Satoshi Club:
90% won’t reach it😂

Piers from Radix:
The second massive issue in DeFi right now is a hidden one – the DeFi ecosystem is built on open source code, but many open source developers don’t benefit from contributing to the community unless they build their own projects. This slows innovation and collaboration and means the space doesn’t move as fast as it should, or have as much talent as it should.

From interviews with leading projects, one of the biggest problems in Ethereum right now is Solidity talent. That is partially related to Solidity just being TERRIBLE, but also to this issue as well.

Lastly, we all know the issue of gas fees.

Mary | Satoshi Club:
But others benefit😉

Piers from Radix:
Right.

Which is fine and good.

But there are ways to make sure both do.

Paul Mont | Satoshi Club:
Yeah, that’s sort of a free-riding issue 😅 Besides, developing can be rewarding, but would be cool if it would also economically incentivized properly 🙂

Mary | Satoshi Club:
Piers, thank you for your intro! After reading it i am even more excited to hear your answers to the questions from our community which we choose for the first part of our AMA 😀

Are you ready to start?🚀

Paul Mont | Satoshi Club:
Let’s get on with the community questions and flesh out all the awesomeness about the project 😉

Piers from Radix:
Radix addresses each of these issues in the following ways:

1. A purpose-built DeFi programming environment that will enable fast AND secure development. This makes sure Developers on Radix can build fast & don’t break things.
2. A system of on-ledger royalties that will reward those that contribute dApp code to the ecosystem. This rewards everyone that makes the ecosystem better, even if they don’t build entire dApps.
3. A consensus algorithm that will provide unlimited scalability without breaking DeFi composability. Enabling scalability without friction.

Done.

Hit me with dem community questions.

Paul Mont | Satoshi Club:
Haha let’s go! 😁🚀

Q1 from Telegram user @giovannialc
I understand that RADIX is a project that wants to dedicate a problem worldwide using the DeFi as a primary method and to a market that can be carried many in a more secure way, of course this would be future plans since the capital of DeFi e is very Little and only enough for a certain part, taking into account that the DeFi have grown rapidly so far this year and if all goes well in two years maximum it would already cover the 75 billion dollars of 0.05% of the world’s GDP, They give many benefits, how do you plan to solve this problem, what methods do you plan to use to bring DeFi to all possible users and thus provide a fairer economy for all? What led them to work based on the main problems of the world economy that only few benefit because of the banking systems that have many barriers that do not allow many users to invest or only obtain profits?

Piers from Radix:
Oooooohhhh ok. I could talk for hours about many aspects of this, so I will try and keep this nice and tight!

Our philosophy on this is actually pretty simple to explain.

The internet changed the game for the competition for attention.

It went from a local competition to a global one.

Suddenly anyone could start a website and compete for attention of anyone in the world.

This lowered the barrier to entry and massively increased consumer choice and consumer utility.

It ended up creating companies like Facebook and Google and Instagram and Whatsapp.

Right now, we stand at the cusp of a new era of competition – the competition for capital.

What Radix does is it lowers the barrier to entry for anyone in the world to compete for anyone’s capital.

DeFi breaks down barriers for users, and for developers. Suddenly you don’t need millions and millions to create a company like Robinhood or Lemonaide, you can do it from your university dorm or your bedroom.

Mary | Satoshi Club:
But i will need to have basic skills to create Mary DeFi?😂

Piers from Radix:
Hahaha

Paul Mont | Satoshi Club:
I like the sound of it 😂

Piers from Radix:
We can teach you, no problem.

Mary coin incoming.

Paul Mont | Satoshi Club:
Hahaha give me some 😁😂

Mary | Satoshi Club:
You will or already have educational programs?😀

Piers from Radix:
Ahhh, maybe.

Not yet.

No comment?

😀

This competition for global capital is going to RADICALLY reshape global finance. It will make it better, more accessible. That is how DeFi will eat the world of finance. That is what we built Radix to do.

Done.

Mary | Satoshi Club:
Can’t wait to try🚀

I will be in the first row😂

Paul Mont | Satoshi Club:
Crystal clear, I think @giovannialc will be very satisfited by your answer 😉

Piers from Radix:
Thank you for your question @giovannialc

Mary | Satoshi Club:
And next question incoming 😉

Piers from Radix:
Hit me

Q2 from Telegram user @meml97
I read that Radix has it’s token; XRD, but also has another version of it’s token called eXRD, which it’s main function is to allow users to move quickly between Ethereum and Radix. But, is this the only use case for eXRD or are there any other use cases for it? Why you just didn’t have one token capable of providing this quickness for users? Also, it made me curious, if you have this token for a quick moving between ETH and Radix, if later on Radix’s services are available on other blockchains, will you have other variants of XRD, such as a BEP-2O for BSC, for example?

Piers from Radix:
I’m READY

Ha! Great question. So, we launched the eXRD back in November of 2020. This was launched to make sure that we had a great distribution of decentralized stakers for when the mainnet went live – so the first purpose was that of building decentralization of the network before it went live.

Piers from Radix:
When the network goes live on the 28th of July, it will pass into it’s second purpose: a bridge between Ethereum and Radix. This means you can think of eXRD like wBTC on Ethereum. It is wrapped XRD on Ethereum, letting anyone who owns Radix tokens to use both DeFi on Ethereum and DeFi on Radix when people start building DeFi applications in the Radix Ecosystem.

Mary | Satoshi Club:
Did you have IDO or in which way distribution were done?

Piers from Radix:
We did a straight token sale.

Lots of reasons for that, most of them boring and legal in nature.

Mary | Satoshi Club:
Easy and clear😀

Paul Mont | Satoshi Club:
28th of July, that’s less than 30 days! The mainnet launch is upon us! 😉

Piers from Radix:
IT’S COMING!!

Hahaha

In answer to the last part of the question.

Yes, we expect that the XRD will end up appearing on a lot of networks, BSC and others. We also have build Instabridge to make sure that all tokens on other networks can also be brought onto the Radix network.

Instabridge is our cross-ledger bridging service and it goes live with eXRD -> XRD when the network goes live (or shortly after). We will be adding more tokens and more networks over the next few months after that.

All very exciting.

Done.

Paul Mont | Satoshi Club:
Which will be XRD’s main features and where is it possible to buy eXRD currently?

Mary | Satoshi Club:
How will bridge work? And of course how fast it will be?

Piers from Radix:
Basic features of the XRD:

1. Used to pay for transactions, operations, deployments and DeFi on Radix
2. Used to stake on Radix to earn staking rewards (300m XRD per year available to stakers)
3. 100% of fees are burnt

Main places to buy right now are Kucoin, Bitfinex, Gate.io, MXC and Uniswap. For the full list go here: go.radixdlt.com/RadixWebsite and click “buy tokens” at the top

Mary | Satoshi Club:
Nice exchanges 😀 i won’t ask wen binance😂

Piers from Radix:
Our first bridge is a centralised service, with trustless bridging coming later (as that takes more development and testing and adding new ledgers and tokens quickly is much harder). It will take about 10 minutes to get between Ethereum and Radix, depending on Ethereum congestion

Done

Mary | Satoshi Club:
Good speed! Which assets we will be able to bridge?😀 Only XRD?

Piers from Radix:
Starts with eXRD -> XRD. We’ll be looking to add all ERC20 tokens, and BTC as soon as we can after that. We’ll then start looking at other chains like BSC as well. It would also then allow you to move between each of those chains directly. Also considering making a faster Polygon bridge but that will take a bit more time to sort out.

Mary | Satoshi Club:
Perfect 💞

Thank you for your answers! Third question is near😉 ready?

Piers from Radix:
Gooooooooooooo

Paul Mont | Satoshi Club:
Question number 3 champing at the bit 😉

Q3 from Telegram user @Highpee
Radix has identified 3 major problems facing the current Defi set up which is currently being championed by Ethereum. The first is that solidity developers spends over 85% of their time securing code rather than developing functionality, the second is the less collaborative innovation due to community developers not adequately compensated and the third is unfriendly gas that limit blockchain adoption by an average user. How is Radix designed to be the perfect blockchain that will address these three challenges? How “Scrypto” (your own Defi programming language) better than solidity? How will you be able to achieve all these without breaking composability which is often the case with solutions that is built to tackle scalability?

Piers from Radix:
This person has done their research!

Absolutely spot on. To quote myself earlier (because I’m clearly telepathic):

Radix solves these three issues by delivering:

1. A purpose built DeFi programming environment that will enable fast AND secure development. This makes sure Developers on Radix can build fast & don’t break things.
2. A system of on-ledger royalties that will reward those that contribute dApp code to the ecosystem. This rewards everyone that makes the ecosystem better, even if they don’t build entire dApps.
3. A consensus algorithm that will provide unlimited scalability without breaking DeFi composability. Enabling scalabilty without friction.

Paul Mont | Satoshi Club:
@highpee is a masterful researcher and esteemed community member 😉

Piers from Radix:
This makes Radix is the only decentralized network where developers will be able to build quickly without the constant threat of exploits and hacks, where every improvement will get rewarded, and where scale will never be a bottleneck.

I know I said that too before, but man, I cannot say it enough 😆\

Ok, so scrypto.

We haven’t actually released that much information about scrypto yet – it has merely been teased a lot

That will be released towards the end of this year, and the full details will be out then. However! I will say this.

Paul Mont | Satoshi Club:
(drum roll from me) We love anticipations and preview info here at Satoshi Club 🤍

Piers from Radix:
Solidity was inspired by Javascript because Ethereum wanted to make it easy to pick up and use for anything. They didn’t know what blockchains would be used for so they picked a language to be simple for a large audience to get to grips with.

However, if you asked a developer building a finance company back end to build it in Javascript, they would literally beat you to death with a keyboard

(matt black, RGB of course)

Mary | Satoshi Club:
Does that fact that you will have your own language mean that developers will need to undergo a certain retraining? How easy it will be?

Paul Mont | Satoshi Club:
😂😂

Mary | Satoshi Club:
Lol😂

Paul Mont | Satoshi Club:
Black is meaner indeed 😂

Piers from Radix:
Yes, it absolutely does. We use the Rust methodology of language design and delivery. Rust is pretty easy to pick up, but it has a very VERY picky compiler. Basically, if you do anything the language thinks is stupid or will throw and error, the language won’t even compile. This means that loads of issues are picked up in what is called “compile time”.

On scrypto, we applied the same principles, but to DeFi development. This means that if your code has some sort of error or common mistake (like recursion errors) it won’t even compile. This is like a guardian angel looking over your shoulder.

So, yes, you have to learn a new language. But I promise any developer that after they have built with Scrypto they would NEVER want to go back to Solidity.

Mary | Satoshi Club:
Oh, that’s a dream😂 you will leave hackers without their lobsters😂

Piers from Radix:
The last part of this question – not breaking composibility

Mary | Satoshi Club:
Thank you for your answers, Piers! What about next question?😉

Continue, please 😀

Piers from Radix:
I’m going to say that this is a VERY long and pretty complex answer. At a high level, it is essential to DeFi. If anyone wants to go deeper, then this is the starting point to understand how we achieve this in depth: http://go.radixdlt.com/Satoshi

Let’s do it!

Paul Mont | Satoshi Club:
Byzantine Fault Tolerance is indeed a key topic when it comes to scalability and sharding 😉

Piers from Radix:
Good ol BFT and those silly generals

Paul Mont | Satoshi Club:
They gotta communicate better and get along 😂

Piers from Radix:
Mobile phones.

That’s what they were missing.

Paul Mont | Satoshi Club:
Haha yes😂😂

Ok, let’s go for question 4!

Piers from Radix:
Hit me.

Q4 from Telegram user @DK177
Olympia Mainnet Lanching is on 28th of July. In your medium, you have indicated that the Radix Desktop Wallet will be included in this release. Although you have said you have a higher degree of confidence on its security and reliability, that statement does not suffice for the community. Do you have any insurance partners? Did you conduct any audits? Where can we see some audit reports if available? Do you take the responsibility about the funds we keep in Radix Desktop Wallets? Why did you choose this particular wallet?

Piers from Radix:
Why did we choose this particular wallet? I mean, we built it! Haha.

Paul Mont | Satoshi Club:
Haha easy-peasy 😁

Piers from Radix:
The wallet itself is built using headerless chromium – for anyone not familiar with it, it is the core of the Chrome web browser. That comes with a bunch of great tools around things best security practices for storing private keys locally etc

Then in addition we are working on the final stages of getting the Ledger Nano S integrated with the desktop wallet, so that people can use an external hardware wallet if they wish to for extra security.

Mary | Satoshi Club:
What about mobile wallet? Will you have it?

Nice move👍

Piers from Radix:
Not to start off with, not, all desktop while we test out things like mainnet staking. Launching too many wallets simultaneously is not really a good idea for a bunch of reasons.

As is pretty normal for the space, we do not take responsibility for funds kept on third party devices, all software is open source and provided “as is” under the normal set of open source licenses. We are doing everything we can to make sure that people can hold their own crypto securely, but at the end of the day, crypto is still very much down to your own security.

Mary | Satoshi Club:
True, you’re doing everything step by step

Piers from Radix:
We are looking at ways of substantially improving this in future iterations of the Radix wallet, and future functionality on the ledger itself to make things like wallet recovery easier and more intuative

But one step at a time

Done

Mary | Satoshi Club:
Thank you for your clear and detailed answers! Ready to proceed?🎉

Piers from Radix:
Yep

Paul Mont | Satoshi Club:
Ok, I feel next question is a nice segue to your previous explanation regarding Scrypto 🙂

Q5 from Telegram user @SotiY97
On your white paper you say that “The Component Catalog and Developer Royalties provide the foundations of a fully decentralized marketplace for Component development”, and related to this I read that developers of Components may freely set their own per-transaction royalties and that they will be enforced by the Radix protocol. What benefits for the users of your platform will be generated thanks to this feature that allows component developers to set their own per-transaction royalties, and in what way RADIX DLT intends to enforce this per-transaction royalties in order to provide more benefits to the independent developers who participate in this magnificent project?

Paul Mont | Satoshi Club:
Now, if I were a developer I would be paying CLOSE attention to the answer to this question 😉😁

Piers from Radix:
GREAT question!

As with all great questions, not a simple answer, but I will do my best

Mary | Satoshi Club:
As always 👍

Piers from Radix:
The basic principle of the on-ledger code library and the on-ledger royalty system is to create a market place between developers and DeFi project builders. Because Radix is a permissionless open source system, we have no way of granting any one piece of code a monopoly on any given function.

So if you created a great little Uniswap clone and I created a great little Uniswap clone, and we both put it into the Component Catalog, we may both get business, or neither of us might get business.

This comes down to the market demand for what you have built and the prices you have set for the royalties

All of these are set by the developer when they add a Component to the Catalog.

Mary | Satoshi Club:
Perfect system. If i will ask you which weak sides Radix has, will you answer?😂 Or i will rephrase – what you think you need to improve more?

Piers from Radix:
The royalties themselves are enforced at the protocol level. This means that they actually become part of the transactional charging structure when calling a component as a user, or instantiating it as a developer, it just looks like part of the transactional charge for use. This means that they cannot be got around once a component has been put up – if you want to use that component, you have to pay the fees. If you don’t, free market applies.

Hahaha – be live?

Mary | Satoshi Club:
🤷😂

Paul Mont | Satoshi Club:
Sounds quite the task haha 😁

By the way, can components be then modified later on?

Let’s say I need a component for, hmmm, my bycicle, like the break. I decide to use a particular component, but can I change the adapt the component code for my purposes?

Piers from Radix:
Yes, but not in the way you are thinking. The on-ledger library is very much like github, meaning that if you push an update, that is an available merge, but each person that has integrated the component has the option to upgrade the component or not.

You can change any component code for your purpose.

But you can never force a change on anyone else at any point.

This is to prevent people doing things like hiking fees or introducing back doors or anything like that.

Paul Mont | Satoshi Club:
I love this modular design. I think also leads to more standardized code that can definitely reduce the risk of possible flaws as well 🔥

Piers from Radix:
Yea, that is definitely the idea.

Git is such a wonderful tool for coding development and deployment, this takes all the great things about git and adds attribution and royalties.

Paul Mont | Satoshi Club:
Can’t help but agree! 🔝

Great explanations, thank you very much Piers!

Piers from Radix:
Welcome!

Paul Mont | Satoshi Club:
Time to proceed with the last question for this first part of the AMA, are you ready to go? 😉

Piers from Radix:
Yes!

Q6 from Telegram user @victorogb
A part of the Radix ecosystem, is an initiative called the “GoodFi Alliance”, which is a shared mission towards the target of a 100 million DeFi users, founded by Radix and supported by notable projects like; Chainlink, Bepro, Oneiro, StakeHound and many more. Such initiatives are hugely significant especially with a seemingly volatile and turbulent DeFi space. With supporting a 100 million DeFi users, what critical help and assistance would the GoodFi Alliance provide, how can an investor particular join or get involved, and with such Alliance of notable DeFi projects what is the long-term solution of GoodFi to DeFi’s barriers and setbacks?

Piers from Radix:
Great question. We love GoodFi. We actually have a bunch of new parts to the website that we created over the last couple of months that will be going live soon and we are hoping will help newbies get started! The basic idea of this is to create a website with all of the resources you would want to give to your friend if they asked you “what is this DeFi thing and how do I get started”.

We created it because the whole DeFi space is currently very geared to insiders. It is difficult to understand, and VERY difficult not to end up making a mistake.

We wanted to build a safe space for those people that want to put their first dollar into DeFi and make sure that it wasn’t a frustrating and difficult experience to do so!

Long term – we want getting into DeFi as easily as opening an Instagram account. That’s a long way off, but I think the entire industry is alligned behind that goal. Only then does the industry start breaking into the mainstream!

Mary | Satoshi Club:
Actually, we still don’t have crypto universities and we really need such resources 👏

Piers from Radix:
Done.

Part 2 — live questions from the Telegram community

Q1 from Telegram user @K2ice
For how long have the Olympia been on Betanet and what can you generally say about how the Olympia has been so far?

Piers from Radix:
Around two months. Betanet has been solid and we have been overall very happy with the results of the testing. Next network to come out is Stokenet, which is our persistent testnet, and that goes live this week! That is the full sandbox for any dev looking to test before they deploy against the mainnet.

Q2 from Telegram user @Shaa93
Notoros is level 2 of Radix right? What is the relationship between Notoros and Olympia launch mainnet?

Piers from Radix:
Haha, they call themselves level 1.5 😀 – their Solidity environment will be live on Olympia and will let anyone who wants to test out the Radix network speed and security, but use solidity, to do so. We love what they are doing. They are not team members, just some super-smart peeps from the Radix community.

Q3 from Telegram user @captainprice111
How will radix end the betanet and integrate into the Olympic system? What will happen to the wallets and private information of the users in betanet? will olympia, Alexandria, Babylon, Xi’an be interconnected?

Piers from Radix:
Betanet doesn’t integrate into the Mainnet, it is just a temporary test network that we have now taken down. Stokenet will be persistent but we will periodically re-set it and wipe the state to keep it light and easy to test against. Olympia, Alexandria, Babylon and Xi’an will all be state compatible with each other, meaning that anything you do on one network will always be carried though to the next.

Q4 from Telegram user @coinresearcher
The smart cotnract audit is very important on defi projects so with Radix will there be no need for smart contract audit if the system is so secure?

Piers from Radix:
Audits are always going to be necessary for any code that is expected to be dealing with large amounts of money. Scrypto does not remove the need to audit code, but it makes the audit process MUCH simpler and substantially reduces the cost of audits. The reason for this is quite technical, but essentially part of a audit is working out the ways that a smart contract might get into an error state. Since Scrypto compiles down and runs on the Radix Engine rather than the EVM, all code is run within a finite state machine. This is the same execution environment that is used within nuclear power station control systems – essentially it is MUCH more secure because it is much harder for the system to get into error states in the first place. Because of this, auditing Scrypto code should be a lot cheaper and a lot faster than auditing Solidity code. We still advise auditing though!

Q5 from Telegram user @andrey_seleznov
Radix is the first layer-one protocol specifically built to serve DeFi. Radix introduces a scalable, secure-by-design, composable platform with a DeFi centric development environment to make it easy to build and launch scalable DeFi products. Could you explain the secure-by-design part please? What unique functionality and algorithms have you created that make the Radix blockchain so secure? How secure is it exactly by the way, as we know it is alway possible to break something just may be economically not feasible. Thank you!

Piers from Radix:
The Radix consensus algorithm is called “Cerberus” – we have done a load of very deep theoretical work on proving that we can deliver atomic composability without breaking linear scalability – including doing a bunch of research work with the consensus and blockchain research team at the University of California Davis and Prof Mohammed Saddogi.

This ended up with writing the mathematical proofs behind our consensus model: https://arxiv.org/abs/2008.04450

This underpins our cross-shard consensus. On top of this, we use proof of stake to secure the network. On Radix, anyone with XRD can stake (at least 100 XRD), even if they do not run a node. This is designed to make staking to secure the network as easy as possible. The combination of Cerberus and Proof of Stake keep our network both scalable and secure.

Q6 from Telegram user @fugs_jis
Recently Radix listed on Kucoin. So, what is the future listing plan of Radix? Is there any plan to listed on more CEX/DEX?

Piers from Radix:
There are always more in the pipeline!

Q7 from Telegram user @Freedomety
I’m saying that, What distinguishes the components developed by Radix Engine as Ethereum smart contract solution methods from the difficulties they are supposed to solve? What role does this technology play in the construction of Ethereum chains, and how can it be used? Do you intend to integrate multi-chain in the future?

Piers from Radix:
This has been covered a lot, but I wanted to answer the part about Ethereum chains – the short answer is no, our technology cannot really ever be applied to Etheruem chains. This is good because it gives Radix a long term advantage that any network that has adopted Ethereum technology on (Polkadot, Avalanche etc) will really struggle to catch up with. We definitely intend to integrate with many chains though, that is what Instabridge and related services are ALL about!

Q8 from Telegram user @Kabirkapoor9
Please share list of Tier1 & Tier2 exchanges on which XRD is listed?

Piers from Radix:
Bitfinex, Kucoin, Gate.io, MXC.

Q9 from Telegram user @ripon2004
Can you explain how is your Tokenomics Distribution? How many tokens Will be minted? And How many tokens Will be locked by the team?

Piers from Radix:
12Bn XRD at go-live. Maximum supply of 24Bn. 300m emitted every year as proof of stake rewards. 2.4Bn locked for the team.

Q10 from Telegram user @Freedomety
In this situation my question is :

How would you introduce Radix DLT to folks who are unfamiliar with cryptocurrency? Do you have any tutorial videos on your project that we could watch to understand more about it? Could you please provide the essential links so that we may learn more about your platform?

Thank You

Piers from Radix:
Absolutely! This is a GREAT starting point: http://go.radixdlt.com/Satoshi – I also recommend our youtube channel: https://www.youtube.com/c/radixdlt plus if you want to dive deeper, come join our community:

Telegram: go.radixdlt.com/RadixTelegram
Discord: go.radixdlt.com/RadixDiscord
Twitter: go.radixdlt.com/RadixTwitter

Or if you like a mailer, our newsletter comes out every two weeks and has lots of great information in it as well: http://go.radixdlt.com/RadixMailingList

Part 3 – Quiz Results

In the final part, we tested your knowledge in terms of Radix. They’ve prepared 4 questions for this part. The total reward pool for the quiz was 300$.
For more information and future AMAs, join our Social Media channels:
English Telegram group: https://t.me/Satoshi_club
Russian Telegram group: https://t.me/satoshi_club_ru
Spanish Telegram group: https://t.me/satoshi_club_spanish
Telegram Channel: https://t.me/satoshi_club_channel
Twitter: https://twitter.com/realsatoshiclub
Website: https://esatoshi.club/

Our partners
Radix Telegram community: https://t.me/radix_dlt
Twitter: https://twitter.com/radixdlt
Website: https://www.radixdlt.com