Radix Publishing Celebrates Successful Babylon Mainnet Upgrade
London, England, September 28th, 2023 –– Radix Publishing, a decentralized ledger platform, has recently concluded its highly-anticipated Babylon mainnet upgrade. This upgrade marks the end of the Olympia era and is being hailed as a game-changer for Web3 and the wider decentralized finance (DeFi) space.
The Babylon mainnet upgrade is described as a significant update to the Radix Network mainnet. It enables the deployment of Scrypto-based smart contracts and introduces a range of new technologies and features, including the Radix Mobile Wallet.
Piers Ridyard, CEO of RDX Works, expressed his excitement about the completion of the Radix Babylon Upgrade. He stated, “A new ecosystem awaits – an ecosystem where builders can intuitively build and launch powerful and secure dApps, and where our friends, family, and colleagues can confidently use them.”
The Babylon upgrade brings a variety of refinements to the Radix platform. This includes the Radix Engine v2 virtual machine, which enhances the performance and efficiency of smart contracts. Additionally, the upgrade introduces DeFi transaction previews that are easy for humans to understand, a decentralized royalty system for developers, smart account components, and an on-ledger catalog of Scrypto-based blueprints.
One of the major highlights of the Babylon upgrade is the introduction of five new products. The Radix Mobile Wallet offers a secure way to manage accounts and hold various assets, such as tokens and non-fungible tokens (NFTs). Radix Connect allows users to connect their Radix Wallet to decentralized applications (dApps) on desktop browsers using a secure peer-to-peer connection with the Radix browser extension. The Radix Dashboard serves as a comprehensive explorer for the Radix Network, providing functionalities for staking, unstaking, and claiming XRD from validators. The Developer Console offers helpful tools for developers to deploy packages to the network, ensuring a streamlined integration of new software components. Lastly, the dApp Sandbox is a developer tool that simplifies the experimentation process for frontend developers, allowing them to test requests and view the results in the Radix Wallet.
The Babylon mainnet upgrade is expected to enhance the user experience for web3 developers, many of whom have already gained familiarity with the new features through their utilization of the Betanet and RCnet testnets. Babylon represents an open, self-incentivizing DeFi dApp ecosystem where developers can build and deploy impactful decentralized applications on a large scale.
About Radix
Radix is the only full-stack, layer-1 smart contract platform that provides an exceptional experience for both users and developers. With Radix, users can confidently engage with Web3 and DeFi to manage their assets and identities. For developers, Scrypto and Radix Engine offer a powerful and secure asset-oriented programming paradigm that allows them to effortlessly go from concept to production-ready dApps that users will love.
For more information, please visit: https://radixdlt.com/ and https://www.radixdlt.com/full-stack/.
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