Currently, there are so many financial systems that have been created that have caused the world to experience substantial losses. A total of $ 71 billion is spent annually and only results in a financial system that is designed with a rigid and inflexible system. However, it does not mean that all world financial systems are not qualified, because there are also several financial systems that are well-designed such as Decentralized Finance from (DeFi). Where this financial system offers a framework that is very efficient and flexible so that it can be developed according to the times and is easily empowered by people from all over the world. Therefore, currently there is one Blockchain technology platform that is interested in providing financial services and supporting the development of DeFi, such as Radix.
Currently, Radix is also building a platform with financial services that provides unrestricted access, liquidity, and programmatic capabilities to empower various kinds of crypto assets from all over the world. Even last year the expert team from Radix managed to solve the core problem of Blockchain technology, namely DeFi scalability with a number of transactions of more than 1 million per second and relying on technology created by a team of experts from the Radix platform. So it is not surprising that Radix has the support of leading investors in Europe, including Local Globe, CEO of Transferwise, Xsquared Ventures and Mawen 11.
Did you know that the presence of Radix will encourage the growth of decentralized finance such as DeFi, where Radix will provide three main services such as access, liquidity and choice. As we all know, cryptocurrency is currently experiencing a significant development. However, this also brings difficulties for DeFi users, as it will be difficult for users to get entry money and trade crypto via DeFi. Therefore Radix will strive to provide a user centered and vertically integrated approach in order to make the on / off fastening in the simplest and most free design possible. So that users can get incoming money and make other financial transactions easily and freely. Therefore, every product and asset contained in Radix will be designed as well as possible in order to attract the attention of potential users, as the products or assets presented will reduce barriers to entry. Where this method is proven effective in attracting a larger number of users.
As we know that liquidity is the lifeblood of the world economy, however, currently most crypto tokens and other world assets have very limited and fragmented liquidity across platforms and have a performance that can be said to be not good. So that currently the world economy needs alternatives that can be used to improve liquidity. Therefore the team from the Radix platform has been doing development and research to finally succeed in providing native functionality for every project, community, developer and market maker in order to create and access Liquidity based on API calls. Therefore, the more users who join the Radix platform, the higher the transaction volume, which will affect high liquidity and reduce transaction costs.
The final driver is choice, it cannot be denied that the effect of the network on the public ledger is largely based on the number of users and the number of connections between the assets or decentralized applications provided by each platform. Therefore Radix tries to standardize and simplify the way financial assets or products are represented on the Radix platform with “code blocks”. So that in this way financial assets or products will be very easy to arrange on a large scale. Therefore, with an increase in volume and liquidity, it will automatically encourage the creation of more digital assets, making it easier for users. Because they can choose various assets and products according to their needs.
From the various descriptions above, a conclusion can be drawn that Radix is a Blockchain technology platform that provides the most reliable financial services today. Apart from providing a decentralized application which has many advantages, Radix is also able to improve the world economy for the better by providing 3 main drivers to maximize the decentralized exchange ecosystem such as DeFi.
More information about Radix
- Radix DLT Website: https://www.radixdlt.com/
- Radix DLT Medium Page: https://medium.com/@radixdlt
- Radix DLT Official Telegram: https://t.me/radix_dlt
- Radix DLT Official Twitter: https://twitter.com/RadixDLT
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