RXDRadiant (RXD) Price

What is Radiant (RXD)?

Radiant is a Layer-1 Blockchain boasting a remarkable network architecture designed to address prevalent issues in other blockchain systems, particularly those concerning scalability, parallelism, and support for Turing Complete programming. It operates as a decentralized digital asset system, functioning on a peer-to-peer (p2p) model akin to Bitcoin. The system requires minimal structure and timestamps transactions for seamless integration into an ongoing hash-based chain.

On June 2, 2022, a group of miners conceived the idea of Radiant to inaugurate the blockchain. Proof-of-work mining was employed to generate each coin from block height 0, with no initial funding allocated to the project. Coins were mined individually, marking the commencement of the Radiant blockchain, and are not under the ownership of any centralized entity. No public or private fundraising efforts, Initial Coin Offerings (ICOs), securities offerings, venture capital investments, or crowdfunding initiatives were undertaken.

Radiant is the unspent transaction output (UTXO) blockchain that solves the keyproblems that prevented the development of advanced contracts on othelblockchains such as Bitcoin, Cardano, and Dash. Units of Radiant are dispensed to miners in exchange for the energy expended in compliance with the network's consensus rules. Similar to Bitcoin, participation in the network is open to all, enabling individuals to earn rewards by contributing processing power.

Radiant (RXD) Tokenomics

How is Radiant (RXD) used for?

Radiant tokens, or RXDs, serve as the network's native tokens. A negligible amount of RXD is delegated to make payments in transaction fees to miners for processing transfers and executing smart contracts.

Token Distribution

Total supply: 21.00 billion