The initial release of the Radix Public Network is live! Olympia brings with it the native RADIX (XRD) token and the foundational Radix technology stack, on which the future of both Radix and Decentralized Finance (DeFi) will be built.
The Olympia launch is a hugely important milestone for Radix. As the first public release of the Radix Network, Olympia marks the start of a roadmap of releases that will culminate in the unprecedented DeFi readiness and limitless linear scalability of Xi’an. So, what exactly is Olympia?
Olympia has delivered the core of the Radix ecosystem, which will remain in place as Radix continues to grow with future releases. This enables the team to carefully refine essential features in preparation for the launch of more complex development tools in Alexandria and Babylon.
With a focus on tokens, Olympia provides all of the necessary functionality to create, transfer, and stake tokens on the network. This includes an unsharded version of the Cerberus consensus algorithm, featuring a minimum throughput of 50 transactions per second (3.5x that of Ethereum). This is more than sufficient to support expected demand as additional features and throughput are added in future releases. These will culminate in the release of Xi’an, which will implement the unlimited linear scalability of fully sharded Cerberus.
Here are all of the components included in Olympia:
For a more detailed explanation of what the Olympia release includes and what it means for the Radix community, read the pre-launch Olympia article here.
With Olympia in place to build upon, the Radix team is now focused on delivering the next releases on the Radix roadmap.
The first of these will be Alexandria. Alexandria will provide early access for developers to an off-ledger development environment featuring Radix Engine v2 and Scrypto — a new, DeFi-specific programming language developed by the Radix team. This will allow developers to begin working on the decentralized applications (dApps) that will be the first to be deployed to the Radix Network when Babylon is released.
Babylon will follow Alexandria, making the Radix Engine v2 and Scrypto available on the Radix Public Network. It will also feature the release of the Radix Blueprint Catalog, creating a marketplace for high-quality, modular code. Developers will be able to upload component blueprints and instantiate them as needed to quickly build robust dApps on the network. A licensing system will also let developers specify a recurring, on-ledger royalty each time their code is used in a transaction.
Finally, Xi’an will deliver the true limitless power of Radix by implementing the fully sharded version of the Cerberus consensus algorithm. This will provide the practically infinite linear scalability needed for Radix to process all the transaction needs of the global financial market and beyond, all without breaking atomic composability.
To see the full roadmap go to https://www.radixdlt.com/#roadmap
To stay up to date or learn more about Radix, please follow the links below.