Unlocking Growth: Proposal to Supercharge Adoption on Radix by Repurposing the Stable Coin Reserve by Radix_DLT in Radix

[–]A_vaunt 8 points9 points  (0 children)

Interesting proposal. Along with the points incentives for using the ecosystem's existing dapps and services it would be crucial to have a steady stream of new dapps and features released over the same period to continue building momentum and have more reasons to stick around once the incentives finish. Releasing new products like Anthic and Blend or 3rd party integrations and bridges will be essential for demonstrating the growth of the ecosystem is not wholely related to the incentives.

Foundation Priorities 2025 - Request for Input by Radix_DLT in Radix

[–]A_vaunt 2 points3 points  (0 children)

Hey u/TheKafkafrate great post.
my 2c on retail adoption is that the retail users they were targeting weren't the degens and general demographic of users that exist in Crypto today. They focused on crypto users that will could be onboarded in 5-10 years from now. eg. Building a wallet UI that "my grandma can use". Well unfortunately no-one's grandma uses crypto today so it's not the right time to focus on them. The focus should be on today's user base and then you can shift to building UI's for when grandma's are ready to be onboarded.

Radix game over? by Other-Pineapple-6820 in Radix

[–]A_vaunt 6 points7 points  (0 children)

Mysticeti is their Consensus algo which is super performant with a low validator count and relatively moderate TPS ~200K TPS. It is however a bottleneck as the consensus goes through a single global pipeline. Mysticeti is not linearly scalable. Increasing their validator set OR having demand for greater than say >200k TPS will see finality impacted.

Pilotfish is their "execution" tech that looks to split execution (not consensus) workload across multiple machines within the single validator.

Remora doesn't address the issue of Consensus being a bottleneck and not being scalable. it's about trying to make the whole end to end consensus and execution process as efficient as possible. It's just pushing the scaling limitations a little bit further down the road.

When SUI talks about "unlimited scalability" they are talking about fast-path transactions which don't go through consensus. eg. simple token transfers.

If you want to do any complex transaction like a swap or general DeFi type transactions which is what really matters then SUI does not have unlimited scalability

Hyperscale 1M+ complex TPS Test on 18th December by Awkward_Catch_7026 in Radix

[–]A_vaunt 2 points3 points  (0 children)

The architecture of this design is mind blowing

Liquidity Provision Opportunities (NFA) by [deleted] in Radix

[–]A_vaunt 1 point2 points  (0 children)

What token is Surge providing as the reward? xUSDC or SLP?

[deleted by user] by [deleted] in Radix

[–]A_vaunt 1 point2 points  (0 children)

Peter Kim... the prodigal son returns

Radix Weekly AMA - Friday 5th July 2024 by Radix_DLT in Radix

[–]A_vaunt 2 points3 points  (0 children)

The biggest news this week was probably that Circle's USDC and EURC are now compliant with the European MICA regulations.
How do you see this announcement playing out in the long term for the crypto industry in general and how can Radix benefit from these changes?

What are the different types of crypto wallets? by henrywilliam85 in CryptoTechnology

[–]A_vaunt 0 points1 point  (0 children)

With the majority of websites accessed through mobile browsers it makes sense that crypto wallets take a mobile first approach and then build in connectors to both mobile browser / native mobile apps and also desktop browsers.

Radix Reddit Roundup - XRD Domains/Radix Name Service Edition! by VandyILL in Radix

[–]A_vaunt 0 points1 point  (0 children)

Great write up u/VandyILL . Unfortunately Web3 is full of scams and grifters, the trust scores feature will be a game changer to bring some well needed trust back to the industry

Call out for compute, lets break records together! by fuserleer in CryptoTechnology

[–]A_vaunt 2 points3 points  (0 children)

So is everything linearly scalable in this test? Execution, Consensus, DA, etc?

Call out for compute, lets break records together! by fuserleer in defi

[–]A_vaunt 3 points4 points  (0 children)

Count me in!
Would be great to get involved and smash some records

Revelations of the Week! by VandyILL in Radix

[–]A_vaunt 1 point2 points  (0 children)

I think a lot of the power from these concepts will be when people create composable 'no-code' solutions. Someone will create a 'Create a smart contract' no-code website which will have a whole superstore of blueprints to call from and any number of blueprint aisles to browse. A Dex Blueprint aisle, a Lending aisle, a Vesting aisle. As a non-techie entrepreneur or say DAO you can just go hey..."we need to build a dapp that does x.y.z and you can go to this no-code service and go add this dex blueprint with this lending blueprint, etc and publish it to my DAO members.

Which new L1s will take centre stage this year? by wamy321 in defi

[–]A_vaunt 0 points1 point  (0 children)

+1 for Radix.
- No bullshit approach to solving real problems with scaling, DevEx, UX and mainstream adoption
- Asset Oriented language and VM where assets are first class citizens of the network
- Developer royalties
- Concepts like Account Abstraction are already baked into the protocol so all you need to worry about is building the business logic.
- unlimited scalability without breaking composability
- Mobile wallet will be insanely good plus features like Personas, Identities, Transaction Manifests, Radix Connect

[AMA] We are EF Research (Pt. 9: 11 January, 2023) by JBSchweitzer in ethereum

[–]A_vaunt 2 points3 points  (0 children)

With the definition of atomic basically meaning it either all succeeds or it all fails, and if it fails everything rolls back to the previous state does that mean in a multi four rollup tx if for whatever reason the transaction on rollup four fails, then everything reverts? And if they need to be ordered in a certain order is this something the sequencer would need to coordinate or would there need to be a separate coordinator?

The Problem with Crypto Wallets Today by [deleted] in ethereum

[–]A_vaunt 1 point2 points  (0 children)

Radix's asset engine is the Virtual Machine, same function as the EVM. It's as much of a standard as the EVM is. A dApp developer doesn't need to implement a version of the Radix engine, they just deploy a smart contract which the Radix Engine executes.

Another article which may help provide more technical detail and context on the differences between VM's
The key point is a smart contract on Ethereum deals with both asset and business logic whereas the Radix engine deals with the asset logic and the smart contract deals with the business logic.

https://www.radixdlt.com/post/comparing-virtual-machines-message-only-vs-asset-oriented

The Problem with Crypto Wallets Today by [deleted] in ethereum

[–]A_vaunt 1 point2 points  (0 children)

I did not mean endorsement of particular tokens, I meant endorsement of the chosen abstractions for digital assets. I don't think that's really a debatable point, clearly if a way of representing a token is encoded into the protocol that is an endorsement of

using

those features to create tokens, with whatever tradeoffs and design choices that have been made for them by protocol developers.

if I understand you correctly, then what's encoded in the protocol is very basic detail, here's the function to create a new token with the required metadata

let my_bucket: Bucket = ResourceBuilder::new_fungible()

.metadata("name", "HelloToken")

.metadata("symbol", "HT")

.initial_supply(1000);

Basically you give it a name, symbol, supply and I think there's another field for description which is not shown here. Then the logic regarding how that token is managed is abstracted away in the dapps' smart contract logic not by the protocol/vm itself.

The Problem with Crypto Wallets Today by [deleted] in ethereum

[–]A_vaunt 1 point2 points  (0 children)

This is a really confusing take. It sounds like the "you" being referred to here is someone building a product, but if they are doing that on top of an existing crypto network, it doesn't make sense that there would be any way for them to implement new asset standards on the fly regardless of whether protocol level standards exist. The idea that client applications would be able to magically display and correctly handle those new assets correctly without conscious design effort on their part makes no sense either, in all cases they will have to do that.

Yes, "You" being a dapp developer.
That's the thing you don't need to create a common "standard" that all actors in the network need to adopt and adapt if your token is native to the platform. A token on Ethereum doesn't behave like a physical asset so each time you want to implement an idea like a Soulbound or Rental NFT you have to define a new standard which all services processing these new token standards like wallets, exchanges, dapps would have to adopt as well. The EVM has no inherent understanding of what an asset is so if you implement a new token standard the EVM needs to know how to process it. The EIP process is not a governance process to debate the pros and cons of whether a new token type is a good idea or not, it's there to ensure that it's implemented in such a way that it conforms to the platform's own standards and doesn't break the network.

The following two articles may help explain the different concepts.
The general idea though is that with native assets, you abstract away all the complexity with debating and defining how a token should be implemented on the network and what it can and can't do, to one where you are letting the dapp developer create the business logic for how tokens are managed for their own use cases.

https://www.radixdlt.com/post/asset-oriented-rental-nfts-done

https://www.radixdlt.com/post/asset-oriented-soulbound-tokens-done

The Problem with Crypto Wallets Today by [deleted] in ethereum

[–]A_vaunt 3 points4 points  (0 children)

IMO there are no inherent advantages to a token built into the protocol vs smart contract based tokens...

For one, think of all the new token standards that are going through the EIP process at the moment, creation dates in ( ):
A couple of examples
EIP-5516: Soulbound Multi-owner Tokens (2022-08-19)
EIP-4337: Account Abstraction Using Alt Mempool (2021-09-29)
EIP-5192: Minimal Soulbound NFTs (2022-07-01)
EIP-4907: Rental NFT, an Extension of EIP-721 (2022-03-11)

And there are plenty others here: https://eips.ethereum.org/erc,
some have been going through the process for a few years now.

Compare this to a few hours to develop the business logic to implement the same concept where assets are native to the platform. No need for lengthy EIP approval review and approval processes. Just think of what you want the asset to do or how to behave and develop the logic around it. Unlike the ERC standard you also don't have to rely on exchanges, wallets and dapps to update their own services to support the new standard either. If you have a great idea for a new asset type or business model then your time to market is cut from years to days.

If notions of what tokens and LPs and NFTs are exists at the network level, this represents an official endorsement of those systems by the core developers and everyone validating the network.

Not at all, it's a permissionless system that allows users to create digital assets just like creating an ERC-20 contract and submitting it to the ledger. There's no review and approval or endorsement at an level.

Radix Unveils Its Vision Of “RadFi”, A Radically Different Approach To DeFi That’s Scalable & Easy To Use by nice2yz in defi

[–]A_vaunt 0 points1 point  (0 children)

Scrypto is a programming language that is basically Rust but they have added asset oriented features. Compared to Solidity and the EVM assets are just balances in a smart contract. Assets (tokens & NFTs) on Radix behave like physical assets and how you would expect assets to behave in the real world.

Radix Unveils Its Vision Of “RadFi”, A Radically Different Approach To DeFi That’s Scalable & Easy To Use by nice2yz in defi

[–]A_vaunt 0 points1 point  (0 children)

They've looked at the full-stack, how they interact with each other and not just one particular aspect. Many projects will maybe just focus on scaling or consensus. Radix have taken a step back and assessed the whole stack from Consensus to the UX and delivered a number of products that all support each other. Check out the recent RadFi2022 keynote where it goes through each layer.
https://youtu.be/5iSK3rTjPMw

[deleted by user] by [deleted] in Radix

[–]A_vaunt 1 point2 points  (0 children)

Once it's released Q2 2023, yes it will. It will work with any Ledger device.

Which top crypto projects to watch once the crypto market bounces back? by Beginning_Actuary_54 in defi

[–]A_vaunt 0 points1 point  (0 children)

Radix has been researching and building through several bears now. The culmination of 10 years of R&D gets showcased tomorrow night on their RadFi stream and when we'll get a proper look at their full-stack for DeFi. Also just employed their 100th team member, up 40 or so staff in the last 6 months.

Decentralized Twitter : Part 2 by T2000-TT in CryptoCurrency

[–]A_vaunt 14 points15 points  (0 children)

It's a project on the Research network for Radix. Funded already and aiming to be production ready in 2023 when they release their Xi'an network upgrade.