NFT & web3
RADIX Redefines DeFi and Web3 UX for Mass Adoption
RADIX, a leading smart contract platform for decentralized finance (DeFi) and Web3, has reinvented the entire blockchain technology stack to offer a user experience (UX) ready for mass adoption. According to RADIX, a simple facelift of UI/UX is not enough. Instead, the entire stack had to be overhauled to provide confidence and ease of use for everyone; including friends, family, and colleagues.
The user experience offered by existing Web3 and DeFi platforms presents several deep-rooted challenges. Users today rely on a single “seed phrase” for controlling all of their assets. They are required to “blind sign” unreadable transaction hashes, which is like writing a blank cheque for every transaction. These challenges have resulted in billions of dollars lost to hacks and exploits. No wonder today’s DeFi and Web3 experience is not safe, not easy, and definitely not ready for most people to confidently use.
Existing smart contract platforms are certainly aware of these user experience challenges. Proposals such as Ethereum’s “ERC-4337” standard for Account Abstraction is the Ethereum approach to solving “seed phrases”. But this is like catalyzing the adoption of electric cars in the 2000s with just bigger batteries alone. To go truly mainstream, a solution from deeper in the “stack” was required: a network of charging stations. And for today’s most popular smart contract platforms, such as with the Ethereum Virtual Machine (EVM), implementing a similarly deep-rooted solution would break nearly everything that has already been built. This creates an opportunity for platforms like RADIX to start with a far more elegant design: focusing on user experience from the outset.
To do this, RADIX went deep into the stack, re-architecting the entire concept of what a smart contract “virtual machine” should be. This resulted in Radix Engine, a secure environment for tokens and smart contracts tailor-made for the needs of DeFi and Web3, and enforced by the RADIX platform itself. The result is a dramatic improvement in intuitiveness and safety. With the Radix full stack, UX challenges such as seed phrases, blind signing, and more, are a thing of the past.
“You know you’re on the right track when elegant solutions to problems fall out of your architecture” says one Radix community member.
RADIX is also focusing on Web3 interoperability to allow for seamless cross-chain applications and transfers of assets. To achieve this, RADIX has partnered with LayerZero to connect RADIX to at least 25 other blockchains, paving the way for developers to leverage the power of the Radix User Experience across the entire blockchain space.
Just how Apple had to design its own chips to offer a better smartphone experience; or how Tesla had to build its own charging infrastructure to offer a better driving experience; RADIX has built its own full stack of technologies to offer a radically better Web3 and DeFi experience. With the Radix User Experience launching this summer, your friends, family, and colleagues will soon be able to confidently use Web3.
Learn more about how the revolutionary RADIX user experience by visiting their website.