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radix is a public decentralized ledger built to support the creation of applications with focus on decentralized finance also known as defy use cases it uses a new consensus algorithm called cerberus to help secure the network while giving it a higher level of performance that is scalability that could be desirable to specific applications radix also features its own smart contract execution environment the virtual machine dubbed the radix engine which allows developers to map business assets to pre-built radix components the project is aiming to be an alternative base layer to blockchains like ethereum or defy applications radix has a native token xrd that holders can use to participate in the networks proof-of-stake consensus mechanism and earn inflation rewards radixs current token erratics or exrd is a placeholder erc20 token on ethereum that will eventually be exchanged for mainnet xrd tokens in 2013 using the bitcointalk.org forums hughes started a project called e-money betwe