Radix Publishing Celebrates Successful Completion of Babylon Mainnet Upgrade
London-based decentralized ledger platform Radix Publishing has announced the successful completion of its highly anticipated Babylon mainnet upgrade. This upgrade marks the end of the Olympia era and is considered a significant milestone for Web3 and the broader DeFi space.
Key Features of Babylon Upgrade
The Babylon upgrade is described as a “substantial update” to the Radix Network mainnet, introducing Scrypto-based smart contracts and various new technologies and features. One notable addition is the Radix Mobile Wallet, which offers users a secure way to manage accounts and hold assets such as tokens or NFTs on Radix.
Piers Ridyard, CEO of RDX Works, expressed excitement about the Babylon upgrade, stating that it brings together the full stack for DeFi, allowing builders to create and launch powerful and secure dApps while providing a user-friendly experience for friends, family, and colleagues.
New Products Introduced by Babylon
The Babylon upgrade introduces five new products to the Radix ecosystem. These include the Radix Mobile Wallet, Radix Connect for connecting wallets to desktop dApps, Radix Dashboard for exploring the network and managing XRD tokens, Developer Console for deploying software components, and dApp Sandbox for developers to experiment with frontend requests.
Enhanced User Experience for Web3 Developers
The arrival of the Babylon mainnet upgrade is expected to improve the user experience for web3 developers who have already familiarized themselves with the features through testing on Betanet and RCnet testnets. Babylon aims to create an open and self-incentivizing DeFi dApp ecosystem where developers can build and deploy impactful decentralized applications at scale.
About Radix
Radix is a full-stack, layer-1 smart contract platform that prioritizes user and developer experience. It offers secure asset management and identity solutions for users, while providing developers with the Scrypto and Radix Engine tools to build production-ready dApps. Radix Publishing is responsible for the security and publication of code associated with the Radix platform.
Contact
Avishay Litani
[email protected]
Hot Take: Radix’s Babylon Upgrade Revolutionizes DeFi and Web3
Radix Publishing’s Babylon mainnet upgrade marks a game-changing moment for the DeFi space and Web3. The substantial update introduces Scrypto-based smart contracts and a range of new technologies, including the highly anticipated Radix Mobile Wallet. With the Babylon upgrade, Radix brings together the full stack for DeFi, allowing builders to create powerful and secure dApps while providing a user-friendly experience for all. This milestone enhances the user experience for web3 developers and establishes an open ecosystem where impactful decentralized applications can be built at scale. Radix continues to prioritize user and developer experience, offering secure asset management and intuitive development tools. The successful completion of the Babylon upgrade sets a new beginning for Radix and its community.
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