e-Radix (EXRD) is a wrapped token on the Ethereum network that represents Radix's native token, XRD. It enables a 1:1 exchangeable link between the Radix and Ethereum ecosystems. This wrapping allows Radix’s XRD tokens to participate in Ethereum’s DeFi applications and maintains liquidity across ecosystems.
e-Radix operates by allowing Radix's native token, XRD, to be converted into an ERC20 token (EXRD) on the Ethereum blockchain. This conversion offers compatibility with Ethereum-based applications. e-Radix uses smart contracts and a secure third-party custodian to facilitate seamless swaps back and forth between EXRD on the Ethereum blockchain and XRD on Radix's native network at a ratio of 1:1.
Potential uses for e-Radix include:
Radix's journey began in 2013 under Dan Hughes, initially known as eMunie, with a vision to address scalability in blockchain technology. Over time, it evolved into Radix, introducing the Cerberus consensus algorithm in 2020, which provides atomic composability and linear scalability. The EXRD token was launched in 2020 as a means to interface with the Ethereum network, following key network developments and securing partnerships. Radix continued its technological evolution with developments such as Radix Engine and their programming language, Scrypto, expanding their DeFi and smart contract capabilities.