Radiant (RDNT) is a decentralized, proof-of-work (PoW) blockchain network that operates without central authority or ownership. It functions as a UTXO-based Layer 1 blockchain, similar to Bitcoin, facilitating peer-to-peer transactions and aiming to provide a secure and efficient platform for digital asset transfers.
Key Features:
- Decentralization: Radiant operates without a central authority, ensuring that no single entity has control over the network.
- Proof-of-Work Consensus: The network utilizes a PoW consensus mechanism, where miners validate transactions and secure the network by solving complex mathematical problems, similar to Bitcoin's operation.
- UTXO Model: Radiant employs the Unspent Transaction Output (UTXO) model, which tracks unspent outputs from transactions to ensure transparency and prevent double-spending.
RDNT Token:
- Purpose: RDNT is the native cryptocurrency of the Radiant network, used to fuel transactions and participate in the ecosystem.
- Market Information: As of January 2, 2025, RDNT is priced at approximately $0.000724 USD, with a circulating supply of around 12.43 billion tokens, leading to a market capitalization of about $8.99 million USD.
Considerations:
- Market Volatility: As with many cryptocurrencies, the value of RDNT can fluctuate based on market dynamics.
- Network Adoption: The success and utility of the Radiant network depend on user adoption and the development of applications within its ecosystem.
Radiant aims to provide a decentralized platform for secure and efficient digital transactions, leveraging a proof-of-work consensus mechanism and a UTXO-based model to ensure transparency and security.
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