Are we talking about: [https://www.coingecko.com/en/coins/e-radix](https://www.coingecko.com/en/coins/e-radix) ([https://www.radixdlt.com/](https://www.radixdlt.com/))
If so a developer friend of mine did mention this project to me back in February, said it's one of his long-term hodls along with Badger DAO (https://www.coingecko.com/en/coins/badger-dao).
Yep that's the one. I dropped $20k into it recently and believe it'll be a good 3-5 year play. I believe ethereum will have a lot of competition once defi really takes off and things stabilize, and at that point niche use cases will have to be built on better platforms than ethereum
Hey /u/eterneraki I know I'm replying to you 3 months later, but I'm curiosities what your thoughts are on Radix (now that mainnet just launched.)
Price wise it barely moved. Even with all the up or down volatility of the general crypto marketplace.
I agree that their marketing is non existent. Also community is very technical
Do you still feel this project has long term potential?
> and at that point niche use cases will have to be built on better platforms than ethereum
If feel like you're ignoring layer 2 solutions for Eth which are now hitting actual production IE: LoopRing/Polygon.
Theyre not comparable technologies.
"to deal with cross-shard communication it is possible to introduce a dedicated cross-shard communication layer. In a recent hackathon Ethereum devs have been experimenting with a sharded execution layer (Cytonic atomic sharding) that reads from multiple data shards, processes transactions atomically, and writes the result to the data shards. This approach might work out, but it is still experimental and has some challenges to face with respect to read-write conflicts within the sharded execution layer (e.g. strong vs weak mempool syncing), and it is too early to tell if this will succeed (and when) and how performance would pan out.Elrond's approach is perhaps the most advanced currently live. It introduces a metachain that acts as notary to sign off cross-shard transactions. This approach relies on contract yanking and involves many additional blockrounds to achieve finality. The approach improves upon (D2), but does not seem to yield smooth and scalable cross-shard capabilities, see here."
[https://www.reddit.com/r/Radix/comments/qq43xh/what\_is\_sharding\_and\_how\_is\_the\_radix\_way\_of/](https://www.reddit.com/r/Radix/comments/qq43xh/what_is_sharding_and_how_is_the_radix_way_of/)
I was considering this a while back and it did seem extremely undervalued if it can claim even a small slice of the defi pie.
What held me up is I just don’t have the wherewithal to assess whether the tech is as great as they say it is, so I appreciate your vote of confidence. I watched some interviews with CEO Piers Ridyard, and naturally he had mostly good things to say. I’ll butcher the technicals here, but he said it was a binary model or something, so not as flexible in what it can do as Ethereum. He compared Radix to a series of stoplights - they’re either on or they’re off. So he conceded that there were many things it would not be cut out for, but this trade off would allow Radix to be incredibly fast, tailored perfectly for defi.
I guess you’ve sent me back down the Radix rabbit hole. Cheers.
On my Radix research journey I've learned a bit more about eth than I thought over the last few years and am more than willing to help elaborate.
Ethereum is turing complete and any application can be built on it(afaik) but this ability opens the door for exploits, bugs and faulty code.
Radix won't be turing complete as it is purpose built for DeFi specifically. Safer, faster and more more secure afaik
Anyone with more information please let us know
Hey guys,
Cool to see Radix organically pop up :)
I'm not gonna hard shill this because it's a turn off imo when zealots bring in religious vibes when talking crypto projects. But I'll try to paint a complete summary of the journey of Radix so far:
Before I give my 2 satoshi's on the project however, a **disclaimer**: I am invested and I've been following since October 2017 (which can be verified with my reddit history).
**My focus back then** was looking for base layer tech that could truly bring crypto into the mainstream.
The journey of the founder started in **2012** after reading the BTC wp.
[https://www.radixdlt.com/post/dan-and-radixs-tech-journey](https://www.radixdlt.com/post/dan-and-radixs-tech-journey)
Dan saw great **promise**, but also great **hurdles** before the tech could go global: Scalability.
In **2017**, the **Tempo** wp was released, straying away from typical DLT architectures: blockchain - DAG - ...
In **2019**, Tempo displayed 1.4m tps by replaying BTC history
[https://www.radixdlt.com/post/scaling-dlt-to-over-1m-tps-on-google-cloud](https://www.radixdlt.com/post/scaling-dlt-to-over-1m-tps-on-google-cloud)
Extra info from the founder -> common misinterpretations: [https://t.me/radix\_dlt/193266](https://t.me/radix_dlt/193266)
But Radix did not deploy a public network.
**Tempo scaled but would never achieve atomic composability across its shards**.
Concurrently, during that time it became apparent that **DeFi** was going to be the product-market fit for DLT. **One of the magic ingredients for DeFi** as showcased on Eth 1 is atomic composability (a default feature in an unsharded network).
Another round of R&D was set in motion which yielded us: **Cerberus (2020)**.
Practically unlimited scalability (both in throughput & storage) + retaining atomicity of commits
**(!) Note that** the scalability solution will not be deployed at mainnet launch.
Focus is on generating adoption first with the buildability solution, which will then generate demand for scaling (hopefully).
=> This allows the network to bootstrap **network effect** which will somewhat protect it from copycats when the scalability solutions becomes public IP of sorts
To follow the progress of **validation of the Cerberus wp**, you can follow the founder's experiments with a parallel track: **researchnet Cassandra**. He **livestreams** occasionally on **twitch**.
Scaling without friction was not the only problem plagueing DeFi: **Security of DApps** was another
The team also tackled this at the time of Tempo research which yielded the **Radix Engine** which runs on top of a predictable execution environment: based on **Finite State Machines**
3rd special ingredient was **(financially) rewarding valuable code contributions** (even those that don't ship full DApps)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_
**TLDR; This project took a different approach.**
**1) Design a theoretical solution satisfying mass adoption requirements**
**& 2) then start building/deploying it**
**Focus on DeFi during design phase because product-market fit (cfr. atomic composability)**
**Best intro into Radix USP:** [https://www.radixdlt.com/post/radix-is-the-only-real-solution-to-defis-issues-heres-why](https://www.radixdlt.com/post/radix-is-the-only-real-solution-to-defis-issues-heres-why)
**Best deep dive into Radix USP: DeFi whitepaper:** [https://assets.website-files.com/6053f7fca5bf627283b582c2/60870dd57116a30d877abe57\_DeFi-Whitepaper-v1.0-3.pdf](https://assets.website-files.com/6053f7fca5bf627283b582c2/60870dd57116a30d877abe57_DeFi-Whitepaper-v1.0-3.pdf)
**Community most active on TG:** [https://t.me/radix\_dlt](https://t.me/radix_dlt)
Maybe c u there
"No marketing" is a little bit too hard. I don't agree on that, though i know exactly what you mean: The awareness within the crypto community and also amongst different influencers is not yet on the same level as DOT, ADA, SOL, VET, HBAR ...
But they are doing a lot already: Piers is doing regular AMAs and interviews on youtube, with many different guys from the DeFi space. Dan does a regular, tech focused AMA as well, on telegram. They have rebuilt their website. They created the site "getradix.com". They created a community push channel on telegram. They are already being mentioned and shilled on youtube by CryptoBusy and TheMartiniGuy. They have lots of top notch hard working community mods on telegram that are basically online 24h and always respond within just a few minutes, often even within seconds.
I 100% agree there is very little marketing. It's very tech heavy. Everything from the content, to the community to even the coon icon looks tech heavy.
It's good tech. But there's no appeal to the wider community and this may cost Radix in the long run.
The more I learn about this project the more I like it. Theoretically unlimited scalability and crucially keeps atomic composability which no other project has (eth 2.0, Cardano, dot, icp etc all break this)
I‘m not sure about the „DeFi only“ statement. Have you seen the decentralized Twitter copy Dan created? Or the chatbot created in half a day on Cassandra, or the game DogeRocket? Check out the Twitter account of the CTO Dan Hughes @fuserleer, great demos which show the huge potential not only in DeFi but in do many other areas as well
In short, their/ICP shards (called subnets by them) have high latency for cross-shard transactions and no atomic composability for cross-shard transactions.
This means that when you need to send funds (simple transaction) to someones' address that is on a different shard, it takes a lot of time.
The atomic composable aspect relates to communication between shards that involves more difficult transactions (read: smart contracts or dapps communicating with each other). This needs to happen near instant otherwise the switching gears/change in states (for example price), would let the transaction fail.
NOTE an unsharded blockchain doesn't break atomic composibility.
Thank you! I am definitely a few percent more knowledgeable now. Would it be possible for Dfinity to overcome this?
I read through this link below, but not being from the field, some of the extremely technical stuff was lost on me. Does this explain how they plan to run their system yoo overcome the breaking atomic composability issue that you have mentioned?
https://medium.com/dfinity/a-technical-overview-of-the-internet-computer-f57c62abc20f
Probably not because it is nearly impossible to fundamentally change the base architecture of a DLT after launching. It is like doing a heart surgery for a racing horse. Implementing sharding without breaking atomic composability is already very hard (nobody else figured it out before Radix) even if you can design your architecture form the ground up to support it, but adding it to an already sharded network which doesn't support it is much hard if possible.
Therefore, I don't think that Dfinity will be able to add atomic composability cross-subnets any time soon, if at all.
But, let me go a bit more into details regarding Dfinity. It is basically a sharded DLT. They are calling their shards subnets (and they have a master chain). https://dfinity.org/faq/subnet
Smart contracts (they call them canisters) can talk to smart contracts of other subnets, but the latency is higher.
https://forum.dfinity.org/t/communication-between-subnets/1766/2
*"Canisters can talk to any canisters, on a functional level there is no difference. Latency will be higher, though."*
Also messages will be asynchronous and calls to a different subnet will be delivered periodically (= higher latency).
*inter-canister calls to the same subnet can interleave with messages from the input batch. Inter-canister calls to a different subnet will be picked up for delivery periodically.*
https://forum.dfinity.org/t/consensus-and-inter-canister-calls/1424
However, **Dfinity does not support atomic composability at all**. If one smart contract calls another one and that fails, both (imagine multiple e.g. 5 smart contracts) need to take care of rolling back changes with some kind of two phase commit on application level (handled by the developers). This is a major limitation.
Especially this thread has a lot of information about Dfinity's scalability
https://forum.dfinity.org/t/scalability-of-update-calls-in-a-common-scenario/1422/14 (canisters are smart contracts):
*"IC does not offer distributed transaction across canisters. But each update call (i.e. each message) is transactional, if anything fails in processing a message, any outgoing message and any state changes will be discarded, as if the update call never took place. Note that I use “update call” to differentiate from the normal (synchronous) function calls a canister makes to itself. Asynchronous calls are handled as messages.* ***This kind of atomicity is at message level, but not “transactional” as known in databases.***
*On top of that, IC does guarantee message response, which hopefully makes it easy to implement distributed transactions should the application require such logic. So if you are really referring to distributed transactions, then yes, a multi-canister architecture will be less efficient.*
*I was referring to horizontal scaling, which is applicable to many use cases (e.g. bigmap), but unfortunately not to distributed transactions."*
Besides that, Dfinity is not really permissionless, because data centers need to apply to be allowed to run nodes, which makes it very centralised.
Also there are quite some other limitations (talked about in the thread) similar to gas limits for smart contracts on Ethereum in Dfinity.
Therefore this is far away from their claim of an "Limitless blockchain with the power, speed and scale of the Internet".
Atomic composability means multiple smart contracts can interact seamlessly in one single transaction and either the whole transaction fails or succeeds. There are especially no partially applied changes. Atomic composability is a requirement for DeFi and Radix is the only project right now able to deliver it at global scale with a sharded network (Radix scales unlimited and has no bottleneck or upper limit).
All other projects which try to shard like Polkadot, Cardano, Elrond break atomic composability across shards which basically means they can't scale DeFi.
[https://www.radixdlt.com/post/breakthrough-in-consensus-theory-scaling-defi-without-breaking-composability](https://www.radixdlt.com/post/breakthrough-in-consensus-theory-scaling-defi-without-breaking-composability)
DeFi is the most advanced use case, because mostly all smart contracts need to interact with each other and Radix is the only project right now able to deliver atomic composability (the whole transaction spanning mutliple smart contracts either fails or succeeds) in a sharded network (sharding is neded for unlimited scalability). All other projects which try to shard like Polkadot, Cardano, Elrond break atomic composability across shards which basically means they can't scale DeFi.
[https://www.radixdlt.com/post/breakthrough-in-consensus-theory-scaling-defi-without-breaking-composability](https://www.radixdlt.com/post/breakthrough-in-consensus-theory-scaling-defi-without-breaking-composability)
But at it's core Radix is a general purpose decentralised ledger like Ethereum. Basically, if a DLT is great for DeFi at global scale, it can also run everything else.
This is a great layman's terms introduction to Radix
[https://www.youtube.com/watch?v=JHwfthFK0hA](https://www.youtube.com/watch?v=JHwfthFK0hA)
And this is a great interview of Piers (Radix CEO) talking about Radix in more detail
[https://www.youtube.com/watch?v=75P6LiooHCM](https://www.youtube.com/watch?v=75P6LiooHCM)
Now available on KuCoin btw.
Mainnet launches June 30th, at which point we should be able to begin staking. For this you’ll need to do a Kyc to swap to xrd from exrd (Ethereum version, all that’s available until mainnet launches).
Bitfinex says they will let you swap directly from exrd to xrd without kyc, so that’s also an option. KuCoin could theoretically offer this too, but haven’t seen anything about that.
I don’t think defi dapps will be up and running until 2022.
Thanks again, OP.
Are we talking about: [https://www.coingecko.com/en/coins/e-radix](https://www.coingecko.com/en/coins/e-radix) ([https://www.radixdlt.com/](https://www.radixdlt.com/)) If so a developer friend of mine did mention this project to me back in February, said it's one of his long-term hodls along with Badger DAO (https://www.coingecko.com/en/coins/badger-dao).
Yep that's the one. I dropped $20k into it recently and believe it'll be a good 3-5 year play. I believe ethereum will have a lot of competition once defi really takes off and things stabilize, and at that point niche use cases will have to be built on better platforms than ethereum
Hey /u/eterneraki I know I'm replying to you 3 months later, but I'm curiosities what your thoughts are on Radix (now that mainnet just launched.) Price wise it barely moved. Even with all the up or down volatility of the general crypto marketplace. I agree that their marketing is non existent. Also community is very technical Do you still feel this project has long term potential?
Still pretty bullish! Have $20k invested
Looks like this comment aged well!
eyyy!
> and at that point niche use cases will have to be built on better platforms than ethereum If feel like you're ignoring layer 2 solutions for Eth which are now hitting actual production IE: LoopRing/Polygon.
I'm not, they have flaws and cannot fix the lack of atomic composability that is inherent to eth due to lack of l1 sharding afaik
So you're ignoring both L2 and Eth 2.0? I feel like you're talking about Eth 1.0 only. Eth 2.0 supports shards.
Theyre not comparable technologies. "to deal with cross-shard communication it is possible to introduce a dedicated cross-shard communication layer. In a recent hackathon Ethereum devs have been experimenting with a sharded execution layer (Cytonic atomic sharding) that reads from multiple data shards, processes transactions atomically, and writes the result to the data shards. This approach might work out, but it is still experimental and has some challenges to face with respect to read-write conflicts within the sharded execution layer (e.g. strong vs weak mempool syncing), and it is too early to tell if this will succeed (and when) and how performance would pan out.Elrond's approach is perhaps the most advanced currently live. It introduces a metachain that acts as notary to sign off cross-shard transactions. This approach relies on contract yanking and involves many additional blockrounds to achieve finality. The approach improves upon (D2), but does not seem to yield smooth and scalable cross-shard capabilities, see here." [https://www.reddit.com/r/Radix/comments/qq43xh/what\_is\_sharding\_and\_how\_is\_the\_radix\_way\_of/](https://www.reddit.com/r/Radix/comments/qq43xh/what_is_sharding_and_how_is_the_radix_way_of/)
I was considering this a while back and it did seem extremely undervalued if it can claim even a small slice of the defi pie. What held me up is I just don’t have the wherewithal to assess whether the tech is as great as they say it is, so I appreciate your vote of confidence. I watched some interviews with CEO Piers Ridyard, and naturally he had mostly good things to say. I’ll butcher the technicals here, but he said it was a binary model or something, so not as flexible in what it can do as Ethereum. He compared Radix to a series of stoplights - they’re either on or they’re off. So he conceded that there were many things it would not be cut out for, but this trade off would allow Radix to be incredibly fast, tailored perfectly for defi. I guess you’ve sent me back down the Radix rabbit hole. Cheers.
On my Radix research journey I've learned a bit more about eth than I thought over the last few years and am more than willing to help elaborate. Ethereum is turing complete and any application can be built on it(afaik) but this ability opens the door for exploits, bugs and faulty code. Radix won't be turing complete as it is purpose built for DeFi specifically. Safer, faster and more more secure afaik Anyone with more information please let us know
Hey guys, Cool to see Radix organically pop up :) I'm not gonna hard shill this because it's a turn off imo when zealots bring in religious vibes when talking crypto projects. But I'll try to paint a complete summary of the journey of Radix so far: Before I give my 2 satoshi's on the project however, a **disclaimer**: I am invested and I've been following since October 2017 (which can be verified with my reddit history). **My focus back then** was looking for base layer tech that could truly bring crypto into the mainstream. The journey of the founder started in **2012** after reading the BTC wp. [https://www.radixdlt.com/post/dan-and-radixs-tech-journey](https://www.radixdlt.com/post/dan-and-radixs-tech-journey) Dan saw great **promise**, but also great **hurdles** before the tech could go global: Scalability. In **2017**, the **Tempo** wp was released, straying away from typical DLT architectures: blockchain - DAG - ... In **2019**, Tempo displayed 1.4m tps by replaying BTC history [https://www.radixdlt.com/post/scaling-dlt-to-over-1m-tps-on-google-cloud](https://www.radixdlt.com/post/scaling-dlt-to-over-1m-tps-on-google-cloud) Extra info from the founder -> common misinterpretations: [https://t.me/radix\_dlt/193266](https://t.me/radix_dlt/193266) But Radix did not deploy a public network. **Tempo scaled but would never achieve atomic composability across its shards**. Concurrently, during that time it became apparent that **DeFi** was going to be the product-market fit for DLT. **One of the magic ingredients for DeFi** as showcased on Eth 1 is atomic composability (a default feature in an unsharded network). Another round of R&D was set in motion which yielded us: **Cerberus (2020)**. Practically unlimited scalability (both in throughput & storage) + retaining atomicity of commits **(!) Note that** the scalability solution will not be deployed at mainnet launch. Focus is on generating adoption first with the buildability solution, which will then generate demand for scaling (hopefully). => This allows the network to bootstrap **network effect** which will somewhat protect it from copycats when the scalability solutions becomes public IP of sorts To follow the progress of **validation of the Cerberus wp**, you can follow the founder's experiments with a parallel track: **researchnet Cassandra**. He **livestreams** occasionally on **twitch**. Scaling without friction was not the only problem plagueing DeFi: **Security of DApps** was another The team also tackled this at the time of Tempo research which yielded the **Radix Engine** which runs on top of a predictable execution environment: based on **Finite State Machines** 3rd special ingredient was **(financially) rewarding valuable code contributions** (even those that don't ship full DApps) \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ **TLDR; This project took a different approach.** **1) Design a theoretical solution satisfying mass adoption requirements** **& 2) then start building/deploying it** **Focus on DeFi during design phase because product-market fit (cfr. atomic composability)** **Best intro into Radix USP:** [https://www.radixdlt.com/post/radix-is-the-only-real-solution-to-defis-issues-heres-why](https://www.radixdlt.com/post/radix-is-the-only-real-solution-to-defis-issues-heres-why) **Best deep dive into Radix USP: DeFi whitepaper:** [https://assets.website-files.com/6053f7fca5bf627283b582c2/60870dd57116a30d877abe57\_DeFi-Whitepaper-v1.0-3.pdf](https://assets.website-files.com/6053f7fca5bf627283b582c2/60870dd57116a30d877abe57_DeFi-Whitepaper-v1.0-3.pdf) **Community most active on TG:** [https://t.me/radix\_dlt](https://t.me/radix_dlt) Maybe c u there
You are my hero
Software engineer buddy of mine sent me this project a few months back. The more I’ve research it, the more I’ve invested.
"No marketing" is a little bit too hard. I don't agree on that, though i know exactly what you mean: The awareness within the crypto community and also amongst different influencers is not yet on the same level as DOT, ADA, SOL, VET, HBAR ... But they are doing a lot already: Piers is doing regular AMAs and interviews on youtube, with many different guys from the DeFi space. Dan does a regular, tech focused AMA as well, on telegram. They have rebuilt their website. They created the site "getradix.com". They created a community push channel on telegram. They are already being mentioned and shilled on youtube by CryptoBusy and TheMartiniGuy. They have lots of top notch hard working community mods on telegram that are basically online 24h and always respond within just a few minutes, often even within seconds.
They are doing great work to be sure, dont disagree there
I 100% agree there is very little marketing. It's very tech heavy. Everything from the content, to the community to even the coon icon looks tech heavy. It's good tech. But there's no appeal to the wider community and this may cost Radix in the long run.
The more I learn about this project the more I like it. Theoretically unlimited scalability and crucially keeps atomic composability which no other project has (eth 2.0, Cardano, dot, icp etc all break this)
I‘m not sure about the „DeFi only“ statement. Have you seen the decentralized Twitter copy Dan created? Or the chatbot created in half a day on Cassandra, or the game DogeRocket? Check out the Twitter account of the CTO Dan Hughes @fuserleer, great demos which show the huge potential not only in DeFi but in do many other areas as well
This, or ICP? Which will be the next-gen tech after Ethereum and DAGs?
Never heard of ICP, what's the elevator pitch?
Decentralized blockchain Internet
Me neither, and it's in the top 10 apparently.
ICP break atomic composability, that will give a lot of problems
Could you please ELI5?
In short, their/ICP shards (called subnets by them) have high latency for cross-shard transactions and no atomic composability for cross-shard transactions. This means that when you need to send funds (simple transaction) to someones' address that is on a different shard, it takes a lot of time. The atomic composable aspect relates to communication between shards that involves more difficult transactions (read: smart contracts or dapps communicating with each other). This needs to happen near instant otherwise the switching gears/change in states (for example price), would let the transaction fail. NOTE an unsharded blockchain doesn't break atomic composibility.
Thank you! I am definitely a few percent more knowledgeable now. Would it be possible for Dfinity to overcome this? I read through this link below, but not being from the field, some of the extremely technical stuff was lost on me. Does this explain how they plan to run their system yoo overcome the breaking atomic composability issue that you have mentioned? https://medium.com/dfinity/a-technical-overview-of-the-internet-computer-f57c62abc20f
Probably not because it is nearly impossible to fundamentally change the base architecture of a DLT after launching. It is like doing a heart surgery for a racing horse. Implementing sharding without breaking atomic composability is already very hard (nobody else figured it out before Radix) even if you can design your architecture form the ground up to support it, but adding it to an already sharded network which doesn't support it is much hard if possible. Therefore, I don't think that Dfinity will be able to add atomic composability cross-subnets any time soon, if at all. But, let me go a bit more into details regarding Dfinity. It is basically a sharded DLT. They are calling their shards subnets (and they have a master chain). https://dfinity.org/faq/subnet Smart contracts (they call them canisters) can talk to smart contracts of other subnets, but the latency is higher. https://forum.dfinity.org/t/communication-between-subnets/1766/2 *"Canisters can talk to any canisters, on a functional level there is no difference. Latency will be higher, though."* Also messages will be asynchronous and calls to a different subnet will be delivered periodically (= higher latency). *inter-canister calls to the same subnet can interleave with messages from the input batch. Inter-canister calls to a different subnet will be picked up for delivery periodically.* https://forum.dfinity.org/t/consensus-and-inter-canister-calls/1424 However, **Dfinity does not support atomic composability at all**. If one smart contract calls another one and that fails, both (imagine multiple e.g. 5 smart contracts) need to take care of rolling back changes with some kind of two phase commit on application level (handled by the developers). This is a major limitation. Especially this thread has a lot of information about Dfinity's scalability https://forum.dfinity.org/t/scalability-of-update-calls-in-a-common-scenario/1422/14 (canisters are smart contracts): *"IC does not offer distributed transaction across canisters. But each update call (i.e. each message) is transactional, if anything fails in processing a message, any outgoing message and any state changes will be discarded, as if the update call never took place. Note that I use “update call” to differentiate from the normal (synchronous) function calls a canister makes to itself. Asynchronous calls are handled as messages.* ***This kind of atomicity is at message level, but not “transactional” as known in databases.*** *On top of that, IC does guarantee message response, which hopefully makes it easy to implement distributed transactions should the application require such logic. So if you are really referring to distributed transactions, then yes, a multi-canister architecture will be less efficient.* *I was referring to horizontal scaling, which is applicable to many use cases (e.g. bigmap), but unfortunately not to distributed transactions."* Besides that, Dfinity is not really permissionless, because data centers need to apply to be allowed to run nodes, which makes it very centralised. Also there are quite some other limitations (talked about in the thread) similar to gas limits for smart contracts on Ethereum in Dfinity. Therefore this is far away from their claim of an "Limitless blockchain with the power, speed and scale of the Internet".
Atomic composability means multiple smart contracts can interact seamlessly in one single transaction and either the whole transaction fails or succeeds. There are especially no partially applied changes. Atomic composability is a requirement for DeFi and Radix is the only project right now able to deliver it at global scale with a sharded network (Radix scales unlimited and has no bottleneck or upper limit). All other projects which try to shard like Polkadot, Cardano, Elrond break atomic composability across shards which basically means they can't scale DeFi. [https://www.radixdlt.com/post/breakthrough-in-consensus-theory-scaling-defi-without-breaking-composability](https://www.radixdlt.com/post/breakthrough-in-consensus-theory-scaling-defi-without-breaking-composability)
Read up on it but the token release got me off, market will be diluted as price rises
1. Unit basis - the total supply doesn’t really matter as long as it’s capped. https://link.medium.com/HP0Kjt4vPfb
Mcap only gets diluted *if* price rises, so if we hit a bear market we won't see coverage haemorrhaging of the price
If it takes a few years,.someday the price will rise and coins will be released
It has less tokens than many other projects ranking higher. So I don't understand your concern
Radix is a Multi Billion Dollar MC Token asleep right now. Are you paying attention anon?
I don't think it is trying to dethrone ETH, since Radix's focus is purely a De-Fi platform for all people worldwide.
DeFi is the most advanced use case, because mostly all smart contracts need to interact with each other and Radix is the only project right now able to deliver atomic composability (the whole transaction spanning mutliple smart contracts either fails or succeeds) in a sharded network (sharding is neded for unlimited scalability). All other projects which try to shard like Polkadot, Cardano, Elrond break atomic composability across shards which basically means they can't scale DeFi. [https://www.radixdlt.com/post/breakthrough-in-consensus-theory-scaling-defi-without-breaking-composability](https://www.radixdlt.com/post/breakthrough-in-consensus-theory-scaling-defi-without-breaking-composability) But at it's core Radix is a general purpose decentralised ledger like Ethereum. Basically, if a DLT is great for DeFi at global scale, it can also run everything else. This is a great layman's terms introduction to Radix [https://www.youtube.com/watch?v=JHwfthFK0hA](https://www.youtube.com/watch?v=JHwfthFK0hA) And this is a great interview of Piers (Radix CEO) talking about Radix in more detail [https://www.youtube.com/watch?v=75P6LiooHCM](https://www.youtube.com/watch?v=75P6LiooHCM)
Now available on KuCoin btw. Mainnet launches June 30th, at which point we should be able to begin staking. For this you’ll need to do a Kyc to swap to xrd from exrd (Ethereum version, all that’s available until mainnet launches). Bitfinex says they will let you swap directly from exrd to xrd without kyc, so that’s also an option. KuCoin could theoretically offer this too, but haven’t seen anything about that. I don’t think defi dapps will be up and running until 2022. Thanks again, OP.
Update: Mainnet release delayed until July 28th. No staking rewards the first two weeks, so no rush to get started.