Radix Publishing Celebrates Successful Babylon Mainnet Upgrade
London, England, September 28th, 2023 – Radix Publishing, a decentralized ledger platform, is excited to announce the 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.
A Game-Changing Moment for Web3 and DeFi
The Babylon upgrade is described as a “substantial update” to the Radix Network mainnet. It introduces Scrypto-based smart contracts and a range of new technologies and features, including the Radix Mobile Wallet.
Piers Ridyard, CEO of RDX Works, expressed his enthusiasm for the Babylon upgrade: “With the Radix Babylon Upgrade complete, the Full Stack for DeFi has come together for the first time, ushering in a new beginning for both existing users and those hesitant to embrace DeFi and Web3. 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.”
New Features and Products
The Babylon upgrade brings several refinements to the Radix Network. These include the Radix Engine v2 virtual machine, human-readable DeFi transaction previews, a decentralized royalty system for developers, smart account components, and an on-ledger catalog of Scrypto-based blueprints.
In addition to these enhancements, Babylon introduces five new products:
- Radix Mobile Wallet: Provides a secure way to manage accounts and hold various assets such as tokens or NFTs on Radix.
- Radix Connect: Allows users to connect their Radix Wallet to dApps on desktop browsers using a secure peer-to-peer connection with the Radix browser extension.
- Radix Dashboard: A comprehensive explorer for the Radix Network, offering functionalities for staking, unstaking, and claiming XRD from validators.
- Developer Console: Provides useful functionalities for developers to deploy packages to the network, facilitating streamlined integration of new software components.
- dApp Sandbox: A developer tool that makes it easy to experiment with requests that a dApp frontend can make to the Radix Wallet, allowing developers to see the results in the wallet and format of responses.
Enhancing User Experience for Web3 Developers
The arrival of the Babylon mainnet upgrade is expected to greatly enhance the user experience for web3 developers. Many developers have already familiarized themselves with these features through their use of the Betanet and RCnet testnets. Babylon creates 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 offers an improved experience for both users and developers. Users can confidently utilize Web3 and DeFi to manage their assets and identities, while developers can leverage Scrypto and Radix Engine to create powerful and secure asset-oriented dApps. Radix Publishing is responsible for code security and the publication of code associated with the Radix platform.
For more information, please visit: https://www.radixdlt.com/
Contact
Avishay Litani
[email protected]
Hot Take: Radix Babylon Upgrade Marks a New Era for DeFi and Web3
The completion of the Babylon mainnet upgrade by Radix Publishing is a significant milestone for the DeFi and Web3 communities. This update brings forth a range of new technologies, including Scrypto-based smart contracts and the Radix Mobile Wallet, that will revolutionize how users interact with decentralized applications.
With the Full Stack for DeFi now in place, developers have the tools they need to build and launch powerful and secure dApps. This upgrade opens up new possibilities for both existing users and those who have been hesitant to embrace DeFi and Web3.
Overall, the Babylon mainnet upgrade represents a major step forward for the Radix Network and sets the stage for further innovation in the decentralized finance space.
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