RADIX PROTOCOL : A MODEL FOR IMPROVEMENT IN FINANCIAL TRANSACTIONS
INTRODUCTION
This public platform on the blockchain plans to bring about a new model of finance on the blockchain and so make blockchain users able to adopt the solution in their transactions and in other ways they deal financially. This is the kind of platform needed by the real world especially because of the digitization process which is becoming very popular. This model makes use of a special component called the Radix Engine which functions to build the system through the use of quality smart contracts to meet the expectations of the users and also to improve real life finance. It is a very great ledger that is very good for all ledger type of operations on the blockchain.
ABOUT RADIX COMPONENTS
Its components are also very good in that they are all built to transfer all types of input by users and carry out the desired operations as desired by the programmer. This is brought about by the finite machine logic components and that is a big components that makes up attributes that qualifies the system for all kinds of positive reviews.
This platform uses great components that is more like physical assets which makes up the platform and through which analysis can be. They also judge the concept of the design and cannot be separated from the platform.
The components of this platform play a major role in making the platform very predictable and give creators in the platform, avenue to be even more creative and able to add values to the system. This is a way to improve the network and make sure the outputs of the system is worth it.
ABOUT THE USERS TOKEN IN THIS PLATFORM
This platform has a user token specially designed to be used for all transactions in the ecosystem. The token is of the ETHEREUM type, ERC20 and it functions greatly for use in programming and executing smart contracts. This token regulates the balance of the system and is available to all the users in the system. The token helps to keep all the balance list and since the token is made indivisible, it can be stored and use to control the activities of users in the platform.
The token as a component makes a certain "change my owner" decision to be made such that they can be used to determine the input state and output of the token owners or users.
CONCLUSION
The components of Radix also play a role in improving the liquidity pool of the platform and that makes those components very effective. Even though the components appears to be very useful and great, they cannot function without the blockchain or in solo. This platform is really in the position to change the way transactions are done without appropriate liquidity. It will make something out of the innovation as the team keep doing what will make it thrive and impact the industry and make transactions easier and much more transparent for all. All you need to do is invest in it and be positioned for proper advantage.
USEFUL LINKS
Radix DLT Website: https://www.radixdlt.com/
Radix DLT Medium Page: https://medium.com/@radixdlt
Radix DLT Official Telegram: https://t.me/radix_dlt
Radix DLT Official Twitter: https://twitter.com/RadixDLT
Radix DLT Whitepaper: https://www.radixdlt.com/#white_papers
Radix DLT Official Facebook: https://www.facebook.com/RadixDLT/
AUTHOR'S DETAILS
Bitcointalk Username: Onyiiok
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2766257
ETH Address: 0xC6F3c5821Fd62421c6A03888e9Ff8b8C2483B9Bd
Good project
Very interesting project. Good team work