This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Radiant?

Radiant (RXD) is a peer-to-peer digital asset system that combines the scalability and low fees of UTXO blockchains with the advanced smart contract capabilities of account-based blockchains. It uses a hybrid UTXO/account-based Layer 1 architecture and a novel Induction Proof system to authenticate digital assets and emulate account-based blockchains, offering Turing complete smart contracts, super-low fees, and high scalability. Radiant is a decentralized and community-owned blockchain with a total supply of 21 billion RXD units, each with eight decimal places.

How is Radiant used?

Radiant (RXD) is a peer-to-peer electronic cash system that uses a blockchain to distribute its ledger over a network of independent nodes. It employs a consensus algorithm called Proof-of-Work, which allows nodes to approve correct transactions and reject malicious ones. Here's how RXD is used:

Transactions
  • Unspent Transaction Outputs (UTXOs): RXD transactions are created using UTXOs, which are locked using a locking script (scriptPubKey) that specifies the conditions to spend the UTXO. An unlocking script (scriptSig) is provided to spend the UTXO, and the transaction is valid if the scripts execute without errors and the resulting value is TRUE.
  • Pay-to-Public-Key-Hash (P2PKH): The most commonly used locking/unlocking script pattern, where the locking script contains the hash of a public key and expects the unlocking script to contain a public key and transaction signature.
Smart Contracts
  • Radiant Script: The locking and unlocking scripts of regular transactions and smart contracts are written using Radiant's transaction scripting language, which is stateless and stack-based. This language is intentionally not Turing complete, focusing on the validation of programmable money rather than general-purpose computing.
  • Turing Complete Smart Contracts: Radiant also supports Turing complete smart contracts, which can compute everything Ethereum can but with super-low fees calculated per byte.
Mining
  • Proof-of-Work Consensus: RXD uses a unique proof-of-work consensus designed to be more efficient than Bitcoin. It is highly decentralized and secure, ensuring that no miner can stake to centralize the network.
  • Mining Process: Miners use specialized software and hardware to solve complex mathematical problems, validating transactions and creating new blocks. The fuel for the network is the RXD unit, which is used to pay transaction fees to miners for processing transfers and executing smart contracts.
Wallet Management
  • Radiant Wallet: Users can manage their RXD coins using digital wallets like Electron-Radiant, which is a desktop wallet available on GitHub.
Digital Ownership
  • Non-Fungible Tokens (NFTs): RXD offers robust digital ownership capabilities, particularly relevant for NFTs, which can be efficiently tracked on the Radiant Blockchain. This allows users to truly own their digital assets.

Overall, Radiant (RXD) is designed to provide a scalable, decentralized, and secure platform for transactions and smart contracts, with a focus on digital ownership and low fees.

How do I store Radiant?

To store Radiant (RXD) tokens securely, you can use a variety of wallet options. Here are some steps and recommendations:

Hardware Wallets

Hardware wallets are the most secure option for storing Radiant tokens. These wallets are offline devices that store your private keys, making them less susceptible to hacking and unauthorized access. Popular hardware wallets include Ledger, Trezor, and KeepKey.

Official Coin Wallet

The official Radiant wallet is available for download from the Radiant Blockchain website. This wallet allows you to generate a seed phrase, which you should memorize and store securely. You will also need to set a password for the wallet. The wallet provides a basic interface for sending and receiving Radiant coins and displays multiple addresses linked to your wallet.

Third-Party Software Wallets

Third-party software wallets are another option for storing Radiant tokens. These wallets can be downloaded and installed on your computer or mobile device. They often provide additional features and security measures, such as passphrases and hierarchical deterministic (HD) wallets. Examples of third-party software wallets include Electron Wallet and Chainbow.

HD Wallets and Passphrases

HD wallets, like those supported by Electron Wallet and Chainbow, allow you to generate an unlimited number of child keys from a single master key. This makes it more convenient and secure to manage multiple addresses. Additionally, you can add a passphrase to your wallet for extra security. This passphrase, combined with your seed words, will create different addresses, making it harder for thieves to access your funds if they only have the seed words.

Backup and Recovery

When setting up your wallet, make sure to create a backup of your seed words and passphrase (if used). Store these securely, such as on a piece of paper in a safe location or on an encrypted external drive. This will ensure that you can recover your wallet and access your Radiant tokens in case you lose access to your primary wallet.

Avoiding Exchanges

It is recommended to store your Radiant tokens in a wallet outside of exchanges. Exchanges can be vulnerable to hacking and other security risks, which could result in the loss of your tokens. Instead, use exchanges only for buying and selling Radiant, and then transfer your tokens to a secure wallet for long-term storage.

By following these steps and using a combination of secure wallet options, you can safely store your Radiant (RXD) tokens and protect your investment.

How to buy Radiant?

To buy Radiant (RXD) tokens, follow these steps:

  1. Create an Account: Sign up on a cryptocurrency exchange that supports RXD, such as CoinEx, XT, or FinanceX. You can also use other popular exchanges like Coinbase or Binance. Ensure you complete any necessary identity verification steps.

  2. Fund Your Account: Deposit funds into your exchange account using a payment method such as a credit card, debit card, bank transfer, or peer-to-peer trading. The minimum deposit required is typically around $50.

  3. Buy USDT or USDC: Use your deposited funds to purchase USDT (Tether) or USDC (USD Coin) as these are the primary trading pairs for RXD. You can also use BTC or ETH if available.

  1. Exchange for RXD: Go to the spot trading section and search for the RXD/USDT market. Enter the amount of RXD you want to buy and click the "Buy" button.

  2. Store Your RXD: Once you have purchased RXD, it is recommended to transfer your tokens to a secure wallet outside the exchange for safekeeping. Hardware wallets are the most secure option, followed by official coin wallets and third-party software wallets.

Remember to research the exchange's reputation and fees before making a purchase, and ensure you understand the risks involved with investing in cryptocurrencies.

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How Radiant works

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