What Is Radiant and How to Buy RXD Coins?

Radiant is one of the only Layer 1 blockchain out there with no secondary layers ever needed. It is unique and highly applicable in various industries. 

This article will teach you more about Radiant blockchain, its native currency RXD, and how to buy it.

What Is Radiant (RXD)?

Radiant is a Layer-1 Blockchain. It leverages a fantastic network design to address the issues prevalent across all other blockchains. Especially issues with scalability, parallelism, and the ability to support Turing Complete programming.

Radiant is a decentralized digital asset system. It operates on the p2p model. It operates similarly to Bitcoin. It requires little structure and timestamps transactions so that they can be added to an ongoing hash-based chain.

On 2022-06-2, a group of miners came up with the idea of creating Radiant to bootstrap the blockchain. Proof-of-work mining was used to obtain each coin beginning at block height 0. The project does not have any initial funding allocated to it. Each coin was mined individually to start the Radiant blockchain in motion, and they do not belong to a centralized organization. No fundraising efforts were made publicly or privately. There was also no Initial Coin Offering, securities offering, venture capital, or crowdfunding.

The network was bootstrapped in a manner comparable to Bitcoin by utilizing pure proof-of-work from block height 0, and units of Radiant are released to the miners in exchange for the amount of energy they consume following the network's consensus rules. In the same way, Bitcoin works, anyone may join the network and start earning rewards by providing their processing power.

What Is RXD Token?

Radiant tokens, or RXDs, serve as the network's official tokens. A negligible amount of RXD is delegated to make payments in transaction fees to miners for processing transfers and executing smart contracts. 

Current trading fee: $0.002349

Market capitalization: 49.41 million

Total supply: 21.00 billion

Use Cases and Applications of Radiant Blockchain

Transactions

Radiant transactions can be generated Using pieces of RXD called transaction outputs. Unspent Transaction Outputs, or UTXOs, are referred to when these outputs become available. 

Locking scripts, also known as scriptPubKeys, secure UTXOs by dictating the requirements to be met before the UTXO can be spent.

Unique Mechanism

Radiant’s unique proof-of-work consensus algorithm is more efficient and compatible with GPUs, FPGAs, and ASICs than Bitcoin. It is twice as quick as Bitcoin, but no orphan rate loss is associated with using it. The protocol was developed to support transmission rates of up to 1000 tx/sec with block sizes that default to 256 MB. In the future, miners can optimize their operations to scale linearly.

Radiant Script

Radiant's transaction scripting language, which has been imaginatively dubbed Script, is used to write the scripts that control the locking and unlocking of everyday transactions and smart contracts on Radiant. It is also possible to refer to it as Bitcoin Script or Radiant Script so that there is no room for confusion. Script is a stack-based assembly-like language that is purposefully not turing complete. This is because its primary usage is not general-purpose computing but rather the validation of programmable money.

The script is stateless, which means that it only makes use of the information that is present within the locking and unlocking scripts itself. Because Scripts do not save state, they can be validated deterministically on any system. The efficiency and predictability of the system are both improved as a result of this, but the usefulness of the scripting language is reduced.

Scalable

The real magic of Radiant occurs when a hybrid account and UTXO Layer 1 blockchain are created together. Imagine there are no boundaries to your development. Imagine some charges are only a few hundredths of a penny. Imagine a blockchain ready to develop right from the moment it is released rather than one that must constantly wait for the next upgrade, pivot, or fix. Imagine Radiant.

What Sets Radiant Apart?

With ultra-flexible Turing Complete intelligent contracts, you can make anything you can imagine, including auctions, games, tokens, apps, and NFTs. This includes making your fantasies come true. 

Radiant allows creators of all stripes to exercise true control over their digital assets and use peer-to-peer networks to profit and trade their works of art.

How to Buy RXD Coins?

CoinEx is a global cryptocurrency exchange, trusted by 5+ millions of users worldwide with 100% reserve. With its 700+ tokens supported, including RXD, users can now trade easily and seamlessly. To purchase RXD on CoinEx, follow the steps below.

1. Create an Account: Start by signing up for a CoinEx account.
2. Deposit Funds: After logging in, deposit funds into your CoinEx account using any supported cryptocurrencies or deposit methods available on the exchange. Having funds in your account enables you to execute trades seamlessly.
3. Navigate to RXD Trading Page: Once your account is funded, go to the dedicated RXD trading page on CoinEx. You can find a search box and enter the term RXD to swiftly locate the trading pair associated with RXD tokens.
4. Choose a Trading Pair: Select the trading pair RXD/USDT to trade RXD against USDT (Tether).
5. Specify the Purchase Amount: Determine the quantity of RXD tokens you want to purchase. Input the amount in the trading interface, which will calculate the corresponding cost based on the current market price.
6. Execute the Trade: With the specified amount, proceed to execute the trade. Confirm the details, and if you are satisfied, submit the order. 

By following these comprehensive steps, you can easily trade RXD on CoinEx, taking advantage of the available trading pairs.