Radiant (RXD)

What is it?

Radiant (RXD) is a digital asset system designed to overcome the high costs, instability, and limited scaling associated with existing blockchains. The system is built on a Unspent Transaction Output (UTXO) base with account emulation, which aims to facilitate massive scalability and low transaction fees. Radiant also features a unique proof-of-work consensus algorithm that uses SHA512, which is intended to work efficiently with GPU, FPGA, and ASICs​.

Radiant's native token, RXD, is utilized within the network as a means of paying transaction fees to miners for processing transfers and for the execution of smart contracts. Each RXD can be divided into 8 decimal places, with the smallest indivisible unit referred to as a 'photon'. The total supply of RXD is predetermined at 21 billion, with a block emission of 50,000 RXD and a halvening time of 2 years.

What is it used for?

The Radiant network and its RXD token are designed to enable the creation and exchange of a variety of digital assets, including auctions, games, tokens, apps, and NFTs. The network supports ultra-flexible Turing Complete smart contracts, allowing users to bring their digital creations to life and monetize them through the peer-to-peer network.

The RXD token, in particular, is used to pay for transaction fees within the network. Importantly, the token is not intended as an investment, but as a utility to facilitate transactions and smart contract executions on the Radiant network.

Who created it?

Radiant was bootstrapped by an initial group of miners on June 21, 2022, and is not owned or controlled by any single entity. The network was launched as a fully decentralized network utility from its inception, akin to Bitcoin, Litecoin, and Dogecoin. All coins were mined from block height 0 with proof-of-work, with no initial allocation to the project​.