Decentralized Finance (DeFi) has revolutionized the way how digital assets are transferred across the globe. The emergence of a decentralized and permissionless money market has allowed anyone to take a loan seamlessly, unlike the tedious process of the traditional banking system.

Radiant (RXD), a peer-to-peer electronic cash system, leverages blockchain to distribute its ledger over a network of independent nodes to avoid a single point of failure. Moreover, Radiant uses a Proof-of-Work (PoW) mechanism that enables nodes to validate transactions appropriately while rejecting fraudulent and malicious ones.

Let’s dive deeper into Radiant, what exactly it is, how it is used, and how you can store Radiant.

What is Radiant?

Radiant (RXD) is a peer-to-peer electronic asset system that leverages the scalability and affordable fees of UTXO blockchains along with the smart contract capabilities of account-based blockchains. It leverages a hybrid UTXO and account-based Layer 1 architecture and a unique induction-proof system to validate transactions.

Radiant became one of the prominent Arbitrum-native DeFi platforms after the launch of its lending platform in July 2022. However, Radiant has progressed into an omnichain money market protocol with over $750 million in market size.

The newly evolved Radiant V2 platform went live in March 2023. Currently, Radiant V2 supports transacting Arbitrum, Ethereum Mainnet, and BNB Chain. Apart from omnichain functionality, Radiant V2 is known for its novel tokenomics solution called Dynamic Liquidity, which aims to align user incentives with the sustainability of the protocol.

Read the full blog here - https://www.cryptominerbros.com/blog/what-is-radiant/