RXD
No. 744Price
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1. Project introduction
The Radiant network is a peer-to-peer digital asset system that enables direct exchange of value without going through a central party.
The original Bitcoin protocol provides what is needed to create a peer-to-peer electronic cash system, but lacks the ability to verify transaction histories and therefore, cannot be used to validate digital assets. Digital signatures and output constraints provide part of the solution, but the main benefits are lost if a trusted third party is still required to validate digital assets.
Similarly to Bitcoin, the Radiant network requires minimal structure, and timestamps transactions into an ongoing hash-based chain of proof-of-work. It introduces two techniques to validate digital assets: unique references and a general purpose induction proof system both of which operate in constant time and space. It is possible to compose outputs in any manner, without compromising the inherent parallelism and performance characteristics of an unspent transaction output (UTXO) based architecture. Therefore, users can leave and rejoin the Radiant network at will and be assured of the integrity and authenticity of their digital assets.
2. Application and distribution
Token application:
The fuel for the network is the Radiant unit (RXD). A small amount of RXD is used to pay transaction fees to miners for processing transfers and for the execution of smart contracts.
Token distribution:
The total supply of Radiant is predetermined for 21 Billion, with a 50,000 block emission and 2-year halvening time.
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