Radicle is a decentralized network that offers a system that allows users to collaborate on code-related projects. According to the network, its major goal is towards the development of a resilient infrastructure for open-source communities that is sovereign, secure, and specifically developed on a series of open protocols. The protocol used in the Radicle network allows developers to collaborate on code without having to rely on third-party intermediaries.
The system essentially stands as a peer-to-peer network and is complemented by the Ethereum network’s smart contracts system which enables decentralized organizations, global names as well as protocols that aid maintainers in sustaining their open-source presence. While on the Ethereum network, the Radicle network harnesses the blockchain’s power and DeFi protocols to allow the developers to truly own the collaboration infrastructure created.
Ever since the platform was launched in its Beta form a while back, it has facilitated the publishing of over 1,000 projects. While at it, the system also garnered significant interest from all over the Web3 ecosystem.
Who are the Founders of Radicle (RAD)?
The Radicle platform was created by a pair of professionals in the blockchain sector who have extensive reach all through the industry. The system was co-founded by Eleftherios Diakomichalis and Alexis Sellier.
Diakomichalis is a graduate of Athens University of Economics and Business, with a bachelor’s degree in statistics. Later, he pursued a Ph.D. in computer science/network science at Freie University Berlin but dropped out along the way to focus on personal projects. He began his journey into the financial world as a product analyst at MicroCat SA. He then moved on to serve as the vice president of data science and engineering at SoundCloud, then seven years later, he co-founded Monadic, as well as the Radicle network.
Sellier obtained a Master of Technology degree from the European Institute of Technology, then he moved on to the University of Kent, where he obtained an additional postgraduate degree in computer security. He first worked at the university, upon his graduation. Later, he became a junior administrator at Dailymotion. He then landed an additional job as a system engineer at BlaBlaCar. Four years down the line and he was appointed the Head of Infrastructure at Dashblock.
What is Radicle (RAD) used for?
In its ordinary form, Radicle is essentially just another decentralized network that was specifically built for code collaboration with its main point of focus being on the creation of resilient structures for communities operating open-source systems. The platform has also been described as being secure, sovereign, and having a design mechanism based on open protocols as opposed to platforms. This implies that the network is working along the line of solving collaboration problems in the industry by allowing its developers to get hands-on work together on codes without having to involve any external party.
The RAD token is used on the network as the general unit of purchase and is the only means of exchange on the platform. Its use cases don’t end on the network as the token is also attached to a value outside the network. This puts it in the unique position to be swappable with other token pairs such as MKR and Dash.
What Is the Unique Point of Radicle (RAD)?
The Radicle platform was designed to facilitate links between developers working autonomously on a project. The dedicated token of the platform was designed to serve as the governance token to enable several Ethereum-based features which could cut across communal ownership, collective governance systems as well as the long-term sustainability of the network.
According to the economic model of the Radicle platform, it subjects its users to fees when they make use of some specific Ethereum-based protocols, except they are members of the system (token holders). Through the purchase and holding of a specific amount of tokens, the users can avoid or have discounted fees while also participating in the network’s governance or generally making use of the platform’s provisions.
Just like many of the other blockchain-based products available in the world, the Radicle platform was designed with a collection of clear-cut objectives. One of these, for starters, is that it aims to develop a resilient collaboration system that ensures that users retain their freedom on the network, without having to rely on trusted gatekeepers and other third-tier inclusions. Additionally, the platform is also able to use the newly developed sovereign financial infrastructures, such as Bitcoin and other related entities to create new flows of value for developers, while also growing the digital commons.
How many Radicle (RAD) coins are in circulation?
The RAD coin is an ERC-20 token that was developed on the Ethereum blockchain. In general, the tokens of several blockchain platforms are seen as the major means of payment for services executed and the same applies to the Radicle network. Through the tokens, the network participants can pay for the services used in the execution of operations on the infrastructure. The token is also used in the selection of protocol managing validators on the system.
The platform’s total token supply has been pegged at 100 million RAD tokens, with a circulating supply of 25,911,137 RAD coins. Like several other Ethereum based tokens, this supply is fixed but in this case, it is under a vesting period of four years. The token distribution delegated 50% to the community treasury, also under a four year vesting period, 19% for the team with one-year lock-up, 20% for early supporters, 5% for the foundation, 2% for seeders program, and the final 4% for its liquidity bootstrap pool.
Is the Radicle (RAD) Network secured?
The Radicle token is an Ethereum based token and as a result of that factor, the network shares the same security protocols as the broad Ethereum blockchain as a whole.
The proof of stake algorithm is the delegated security protocol on the network which makes security provisions of the entire blockchain while incorporating speed into this provision. On the model, for every round of consensus, the network selects from a set of validators, and this action is executed by a small group of people chosen at random. The major aim of the randomization principle is to ensure and retain the top-tier security of the network while taking all the possible factors that can promote the network’s security into consideration.
How do I buy Radicle (RAD)?
The principal sales point for the Radicle network lies in its provision of an avenue that is strictly dedicated to creating a bridge between developers from all over the world and allowing them to collaborate on development projects with ease. This offering has led to the system becoming more popular and largely available on several blockchains. To purchase RAD tokens, follow the steps below.
- Create a crypto account on a supported exchange.
- Deposit a specific amount of fiat money to the crypto account.
- Purchase your RAD tokens.
Which Cryptocurrency Wallet Supports Radicle (RAD)?
The PTPWallet platform supports many cryptocurrencies simultaneously such as Radicle (RAD). Because of its vast use case, it has grown to become one of the most used platforms as it serves as an exchange and an engine to discover other cryptocurrencies. Additionally, users can easily use PTPWallet as their RAD wallet because it offers a simple and interactive interface making it easy for people to navigate its system.