INTRODUCTION
Hello readers, I will like to take a little time to explain the need to be a part of RADIX project and the components model. This platform has met the expectations for finance and is by all means a very great platform that uses smart contracts in its model together with the components it has created. The type of smart contracts that are used by this network is designed to be of use in the modern models and to fit perfectly into the transaction model and they have proved to be excellent at all improving all types of ledger inclined transactions.
RADIX COMPONENTS FEATURES
The machine logic has been the creator of all the components used by Radix and the components have all been built from the finite state such that they can all be easily translated when in use to either be the imput or output elements.
All the components works as specified by their actions in the platform. The components helps to achieve good results and helps to avoid all forms of errors.
The components in this platform can function as physical assets and contribute to the design of the platform such that all other activities and designs becomes eaaubto achieve since they are the real building blocks. They are more or less like physical assets.
Components can also make it possible for the creators to function well and become more useful in transactions to make the creators of the transactions decide what should be for the transactions.
THE RADIX TOKEN
The developers in Radix made sure not to make the token a monolithic one even though it is an ERC20 token. Radix built its model as an independent one such that the list of the balance for all transactions made are kept. The token components also can be used to change the ownership such that a user can have control over the input state of the token but then another person is given the control over the output. This is how ownership changing can be done in the platform provided that all the conditions for the changing of the ownership is fulfilled with the tokens.
The tokens in this platform are stored in their large numbers and that turns out to birth a significant level of efficiency for the use of the coin. So the fact that the token has all of these features means that their ownership can be passed on to other users and that would in no way reduce their capability as they are being passed. This also initiate a concept of cloning which requires the use of smart contracts to make the tokens that are already taken unaccessible to other users thus increasing the privacy.
CONCLUSION
This platform is just about enough for what you need to achieve in finance and with the token, so many more things can be done including sending and receiving the token or other payments through the use of all the features of this platform provided. The best thing is to use those features together because non can work independently.
USEFUL LINKS
Radix DLT Website: https://www.radixdlt.com/
Radix DLT Medium Page: https://medium.com/@radixdlt
Radix DLT Official Telegram: https://t.me/radix_dlt
Radix DLT Official Twitter: https://twitter.com/RadixDLT
Radix DLT Whitepaper: https://www.radixdlt.com/#white_papers
Radix DLT Official Facebook: https://www.facebook.com/RadixDLT/
AUTHOR'S DETAILS
Bitcointalk Username: Chidoskim
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2652432
ETH Address: 0x4F70c5e328B15825Fa456a4F32fEeF315ba88FDf