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Radix is a sophisticated, full-stack layer-1 protocol that caters to developers seeking an unhindered environment to launch and scale DeFi applications. The selling point of Radix lies in its ability to eliminate the notorious issues of network congestion and vulnerabilities inherent in smart contracts, commonly encountered within traditional blockchain frameworks.
At the heart of the Radix ecosystem lies its native cryptocurrency, $XRD. This digital asset serves several vital functions: users can utilize $XRD for network governance, transaction fees, and staking activities. The combination of the Radix Engine—a secure and scalable execution environment—and the $XRD token, positions Radix as a holistic solution for developers aiming to build resilient and efficient decentralized applications.