The blockchain is often billed as the “disruption technology” but has anyone ever thought about disrupting blockchain itself? Radix (DLT) CEO Piers Ridyard has a few things to say on this topic but will we follow through on his goals? Furthermore, is it a good investment?
RADIX CEO SHARES HIS IDEA ON HOW TO DISRUPT BLOCKCHAIN
At first glance, Radix doesn’t seem all that different from something like Ethereum. It simply allows developers to build decentralized applications, tokens, coins, and assets. It’s a trustless, public and decentralized network. But surely, there must be some great difference right? CEO Piers Ridyard is not just making a copycat. He is looking to disrupt blockchain and here’s how. The secret lies in this new protocol that doesn’t have a transaction limit. But is it worth your investment?
CAN RADIX REALLY DISRUPT BLOCKCHAIN?
Before you go throwing money at Radix, let’s see if it really can disrupt blockchain. Judging by their website, scalability is the key feature. They state that new tech is not only inefficient but unable to scale. Hence, low transaction throughput, expensive fees, congested networks and high settlement durations are the new norm. Therefore, Radix has a new solution. They want to add more Nodes which aims to provide unlimited scalability and more throughput. Currently, they’re sitting at 20 nodes with around 2,400 transactions per second. On top of that, this requires no trusted 3rd parties to get all these features. No proof of work, No proof of state and no master nodes.
RADIX NOT ALONE IN DISRUPT BLOCKCHAIN
Radix is impressive but it’s not alone in the fight to disrupt blockchain. With revolutionary exchange aggregator BestRate, decentralized exchange Kelvin and popular platforms like Ethereum, there is no shortage of great talent out there. It’s a good problem to have but not an easy one if you’re an investor. Hence, it’s important to always do plenty of research. That way, you know how to weed through the immense amount of crypto options out there.