Radix Unveils Final Olympia Protocol Update Ahead of Babylon Mainnet Migration
The Olympia Protocol Update is set to launch by the end of August 2023. Radix prepares for the Babylon Mainnet migration in September.
London, England - 01/09/2023
Radix Publishing, the code publisher behind the Layer 1 smart contract platform Radix, is delighted to announce the forthcoming release of the final Olympia Protocol Update, slated for the conclusion of August 2023. This release signals an irreversible step toward Radix’s Babylon Mainnet network migration scheduled for the end of September.
The Genesis of the Radix Ecosystem – A Revolutionary User and Developer Experience
The upcoming Babylon Mainnet migration in September heralds the genesis of the Radix ecosystem, featuring over 50 projects slated for launch in Q4 2023. These projects encompass decentralized exchanges (DEXs), stablecoins, money markets, gaming platforms, NFT marketplaces, and more. A wholly distinctive DeFi ecosystem is taking shape, endowed with capabilities previously unseen in the Web3 landscape.
Each of these 50+ projects brings its own unique value to the table, as Radix (XRD) stands out as a smart contract platform that goes beyond mere replication.
These projects are choosing Radix due to its ability to provide a Web3 user experience that even your friends and family can confidently embrace, along with a developer experience that boosts productivity by an average of five times compared to Ethereum. Moreover, it mitigates the risks of DeFi hacks and exploits.
This substantial leap in user and developer experience didn’t occur overnight; it is the culmination of over a decade of research and development that is now bearing fruit in September.
Olympia to Babylon – The Comprehensive Solution for DeFi and Web3
The inaugural version of the Radix Public Network, Olympia, triumphantly launched on July 28th, 2021.
Olympia demonstrated the resilience of core Radix technologies, including native assets, delegated proof of stake, and the Cerberus consensus. Since its launch, Olympia has processed over 2 million transactions with a flawless 100% uptime record.
With the final Olympia Protocol Update slated for release by the end of August, Olympia will inevitably transition to the Babylon Mainnet network.
Babylon signifies the launch of Radix’s “Full Stack” solution for DeFi and Web3, which includes the Radix Wallet, empowering users with human-readable transactions, trade guarantees, Native Assets, Smart Accounts, and Personas. This entire package is wrapped in a mobile-first experience that seamlessly transitions to desktop as needed.
For developers, Babylon marks the official launch of the Scrypto programming language and the execution of smart contracts within the Radix Engine virtual machine.
This event ushers in a novel asset-centric paradigm for Web3 and DeFi development, with assets like tokens and NFTs as first-class features of the programming environment.
About Radix DLT
Radix is a comprehensive layer-1 smart contract platform designed to offer an entirely improved experience for both users and developers.
With Radix, users can confidently navigate the Web3 and DeFi landscape through the Radix Wallet. For developers, Radix provides an intuitive platform for constructing secure, production-ready dApps with the asset-centric Scrypto programming language.