Radiant

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Discover Radiant's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Radiant?

Radiant (RXD) is a peer-to-peer digital asset system that combines the scalability and low fees of UTXO blockchains with the advanced smart contract capabilities of account-based blockchains. It uses a hybrid UTXO/account-based Layer 1 architecture and a novel Induction Proof system to authenticate digital assets and emulate account-based blockchains, offering Turing complete smart contracts, super-low fees, and high scalability. Radiant is a decentralized and community-owned blockchain with a total supply of 21 billion RXD units, each with eight decimal places.

How is Radiant used?

Radiant (RXD) is a peer-to-peer electronic cash system that uses a blockchain to distribute its ledger over a network of independent nodes. It employs a consensus algorithm called Proof-of-Work, which allows nodes to approve correct transactions and reject malicious ones. Here's how RXD is used:

Transactions
  • Unspent Transaction Outputs (UTXOs): RXD transactions are created using UTXOs, which are locked using a locking script (scriptPubKey) that specifies the conditions to spend the UTXO. An unlocking script (scriptSig) is provided to spend the UTXO, and the transaction is valid if the scripts execute without errors and the resulting value is TRUE.
  • Pay-to-Public-Key-Hash (P2PKH): The most commonly used locking/unlocking script pattern, where the locking script contains the hash of a public key and expects the unlocking script to contain a public key and transaction signature.
Smart Contracts
  • Radiant Script: The locking and unlocking scripts of regular transactions and smart contracts are written using Radiant's transaction scripting language, which is stateless and stack-based. This language is intentionally not Turing complete, focusing on the validation of programmable money rather than general-purpose computing.
  • Turing Complete Smart Contracts: Radiant also supports Turing complete smart contracts, which can compute everything Ethereum can but with super-low fees calculated per byte.
Mining
  • Proof-of-Work Consensus: RXD uses a unique proof-of-work consensus designed to be more efficient than Bitcoin. It is highly decentralized and secure, ensuring that no miner can stake to centralize the network.
  • Mining Process: Miners use specialized software and hardware to solve complex mathematical problems, validating transactions and creating new blocks. The fuel for the network is the RXD unit, which is used to pay transaction fees to miners for processing transfers and executing smart contracts.
Wallet Management
  • Radiant Wallet: Users can manage their RXD coins using digital wallets like Electron-Radiant, which is a desktop wallet available on GitHub.
Digital Ownership
  • Non-Fungible Tokens (NFTs): RXD offers robust digital ownership capabilities, particularly relevant for NFTs, which can be efficiently tracked on the Radiant Blockchain. This allows users to truly own their digital assets.

Overall, Radiant (RXD) is designed to provide a scalable, decentralized, and secure platform for transactions and smart contracts, with a focus on digital ownership and low fees.

How do I store Radiant?

To store Radiant (RXD) tokens securely, you can use a variety of wallet options. Here are some steps and recommendations:

Hardware Wallets

Hardware wallets are the most secure option for storing Radiant tokens. These wallets are offline devices that store your private keys, making them less susceptible to hacking and unauthorized access. Popular hardware wallets include Ledger, Trezor, and KeepKey.

Official Coin Wallet

The official Radiant wallet is available for download from the Radiant Blockchain website. This wallet allows you to generate a seed phrase, which you should memorize and store securely. You will also need to set a password for the wallet. The wallet provides a basic interface for sending and receiving Radiant coins and displays multiple addresses linked to your wallet.

Third-Party Software Wallets

Third-party software wallets are another option for storing Radiant tokens. These wallets can be downloaded and installed on your computer or mobile device. They often provide additional features and security measures, such as passphrases and hierarchical deterministic (HD) wallets. Examples of third-party software wallets include Electron Wallet and Chainbow.

HD Wallets and Passphrases

HD wallets, like those supported by Electron Wallet and Chainbow, allow you to generate an unlimited number of child keys from a single master key. This makes it more convenient and secure to manage multiple addresses. Additionally, you can add a passphrase to your wallet for extra security. This passphrase, combined with your seed words, will create different addresses, making it harder for thieves to access your funds if they only have the seed words.

Backup and Recovery

When setting up your wallet, make sure to create a backup of your seed words and passphrase (if used). Store these securely, such as on a piece of paper in a safe location or on an encrypted external drive. This will ensure that you can recover your wallet and access your Radiant tokens in case you lose access to your primary wallet.

Avoiding Exchanges

It is recommended to store your Radiant tokens in a wallet outside of exchanges. Exchanges can be vulnerable to hacking and other security risks, which could result in the loss of your tokens. Instead, use exchanges only for buying and selling Radiant, and then transfer your tokens to a secure wallet for long-term storage.

By following these steps and using a combination of secure wallet options, you can safely store your Radiant (RXD) tokens and protect your investment.

How to buy Radiant?

To buy Radiant (RXD) tokens, follow these steps:

  1. Create an Account: Sign up on a cryptocurrency exchange that supports RXD, such as CoinEx, XT, or FinanceX. You can also use other popular exchanges like Coinbase or Binance. Ensure you complete any necessary identity verification steps.

  2. Fund Your Account: Deposit funds into your exchange account using a payment method such as a credit card, debit card, bank transfer, or peer-to-peer trading. The minimum deposit required is typically around $50.

  3. Buy USDT or USDC: Use your deposited funds to purchase USDT (Tether) or USDC (USD Coin) as these are the primary trading pairs for RXD. You can also use BTC or ETH if available.

  1. Exchange for RXD: Go to the spot trading section and search for the RXD/USDT market. Enter the amount of RXD you want to buy and click the "Buy" button.

  2. Store Your RXD: Once you have purchased RXD, it is recommended to transfer your tokens to a secure wallet outside the exchange for safekeeping. Hardware wallets are the most secure option, followed by official coin wallets and third-party software wallets.

Remember to research the exchange's reputation and fees before making a purchase, and ensure you understand the risks involved with investing in cryptocurrencies.

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History of Radiant

Radiant (RXD) is a cryptocurrency launched in 2022. It is designed to solve scalability and parallelism issues in existing blockchains, utilizing a peer-to-peer digital asset system that enables direct exchange of value without a central party. The network uses a blockchain to distribute its ledger over a network of independent nodes, ensuring no single point of failure and no central control.

Radiant's blockchain employs a consensus algorithm called Proof-of-Work, similar to Bitcoin, allowing independent nodes to approve correct transactions and reject malicious ones. This ensures the integrity and security of the network.

Radiant's scripting language, Radiant Script, is a stack-based assembly-like language used for writing locking and unlocking scripts in transactions and smart contracts. It is intentionally not Turing complete, focusing on the validation of programmable money rather than general-purpose computing. This stateless language provides increased performance and predictability, although it limits the usefulness of the scripting language.

Radiant transactions are created using chunks of RXD called transaction outputs, which are locked using a locking script and unlocked using an unlocking script. The most common pattern is Pay-to-Public-Key-Hash (P2PKH), where the locking script contains the hash of a public key and expects the unlocking script to contain a public key and transaction signature.

Radiant's market performance has seen significant fluctuations. As of recent data, its price has risen by 17.71% in the past 7 days, with a current price of $0.0022 per RXD. The current circulating supply is around 9.05 billion RXD, and the total supply is capped at 21 billion RXD.

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How Radiant works

Radiant (RXD) is a peer-to-peer electronic cash system that operates on a blockchain. It uses a consensus algorithm called Proof-of-Work, which allows independent nodes to approve correct transactions and reject malicious ones. This ensures that there is no single point of failure and no central control that might be compromised.

Transactions

Radiant transactions are created using chunks of RXD called transaction outputs. These outputs are called Unspent Transaction Outputs (UTXOs) when they are available. UTXOs are locked using a locking script that specifies the conditions to spend the UTXO. When attempting to spend a UTXO, an unlocking script is provided. These scripts are executed together, and the transaction is only valid if the scripts execute without errors and the resulting value is TRUE.

Smart Contracts

Radiant supports smart contracts, which allow for more complex use cases beyond peer-to-peer electronic cash. These smart contracts are stateless, meaning they only use the information contained within the locking and unlocking scripts themselves. This statelessness gives increased performance and predictability but limits the usefulness of the scripting language.

Blockchain

The Radiant blockchain is a hybrid UTXO / Account-Based Layer 1 system. It combines the scalability and low fees of UTXO blockchains with the advanced smart contract capabilities of account-based blockchains. This hybrid design allows for massively scalable and instant transactions while maintaining decentralization and low fees.

Mining

Radiant uses a unique proof-of-work consensus designed to be more efficient than Bitcoin. It is designed to be highly decentralized, ensuring that no miner can stake to centralize the network. The FIPS SHA512/256 Standard is used, which is up to 50% more efficient than SHA256 on 64-bit architecture.

Community

Radiant is a volunteer grassroots open-source blockchain that is by and for the people. It was created by a group of miners who began bootstrapping the blockchain in 2022. There is no initial allocation to the project, and all coins were mined independently. The total supply of Radiant is predetermined for 21 billion, with a 50,000 block emission and two-year halving time.

Wallets and Mining Tools

Radiant has an official wallet available on GitHub, which can be installed on various platforms. There are also alternative mining tools available, such as SRBMiner, Wildrig, and Radiator, which can be used to mine RXD.

Trading

Radiant can be traded on various exchanges, such as CoinEx, which provides a user-friendly platform for buying and selling RXD.

Overall, Radiant is designed to be a highly scalable and decentralized digital asset system with advanced smart contract capabilities and low fees.

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Radiant's strengths

The token Radiant (RXD) has several strengths that set it apart from other cryptocurrencies:

  1. Decentralized Proof-of-Work Consensus Network: RXD operates on a decentralized proof-of-work consensus network, ensuring that no single entity has control over the network. This decentralized approach enhances the security and fairness of the system.

  2. UTXO Base Account Emulation: RXD utilizes UTXO (Unspent Transaction Output) base account emulation, which allows for the processing of massive blocks of transactions at once. This significantly reduces the cost per transaction and enhances the overall efficiency of the network.

  3. Turing Complete Scripting Engine: The Radiant Blockchain incorporates a Turing complete scripting engine, enabling the creation of complex smart contracts. This opens up a wide range of applications beyond simple transactions.

  1. Digital Ownership Capabilities: RXD offers robust digital ownership capabilities, particularly relevant in the context of Non-Fungible Tokens (NFTs). This allows users to truly own their digital assets, marking a significant step forward in digital ownership.

  2. Community-Driven Project: Radiant is an open-source, community-driven project, which means that progress may be slow but is driven by the collective efforts of the community. This community involvement can lead to a more organic and sustainable growth.

  3. No ICO, No Pre-Mine, No Centralized Funding: RXD did not have an Initial Coin Offering (ICO), pre-mine, or centralized funding, which makes it more transparent and less susceptible to manipulation.

These strengths position RXD as a unique and promising cryptocurrency in the blockchain ecosystem.

Radiant's risks

Radiant (RXD) is a decentralized cryptocurrency that operates on blockchain technology, allowing for secure, peer-to-peer transactions. It uses a consensus algorithm called Proof-of-Work to validate transactions and employs a scripting language called Radiant Script for smart contracts. The financial risks associated with investing in Radiant include:

  • High Risk Score: Radiant has been given a high risk score due to its price volatility and potential for manipulation by limited trading activity.
  • Market Volatility: The price of Radiant can fluctuate widely in a short period, making it a high-risk investment.
  • Supply and Demand: The price of Radiant is affected by supply and demand dynamics, which can lead to significant price changes.
  • Regulatory News: Changes in regulatory policies can impact the price of Radiant, adding to its volatility.
  • Market Sentiment: Shifts in market sentiment can also influence the price of Radiant, making it a high-risk investment.

These risks highlight the importance of careful consideration and thorough research before investing in Radiant.

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Did Radiant raise funds?

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Radiant’s team

  • Radiant (RXD) Team: Radiant is a volunteer grassroots open-source blockchain with no specific team or leadership. It was created by a group of miners who began bootstrapping the blockchain in 2022, and all coins were mined from block height 0 with proof-of-work. There is no initial allocation to the project, and no single entity owns the coins.

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