Decentralised ledger platform Radix completes its Babylon upgrade

Key takeaways

• Radix’s Babylon upgrade has successfully been completed, ushering in a new era for Web3 user and developer experience.

• The upgrade enables the deployment of Scrypto-based smart contracts and a wide swathe of new technologies and features.

Radix’s Babylon upgrade is now complete

Decentralised ledger platform Radix Publishing has revealed that its Babylon mainnet upgrade is now complete. In a press release shared with Coinjournal, the team said the long-anticipated upgrade represents the end of the Olympia era.

The Radix team believes that the upgrade is a game-changing moment for Web3 and the wider DeFi space.

The upgrade enables the deployment of Scrypto-based smart contracts and a wide swathe of new technologies and features, most notably, the Radix Mobile Wallet.

While commenting on this latest cryptocurrency news, Piers Ridyard, CEO of RDX Works, said,

“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, as well as those who were 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.” 

Some of the features enabled by Babylon are the Radix Engine v2 virtual machine, DeFi transaction previews that are human readable, a decentralised royalty system for developers and smart account components, as well as an on-ledger catalogue of Scrypto-based blueprints.

Babylon upgrade comes with five new products

The Radix team revealed that the Babylon upgrade ushers in five new products. The Radix Mobile Wallet is the first product, and it provides a secure way to manage accounts and hold any kind of asset, such as tokens or NFTs, on Radix.

The second product is the Radix Connect, which allows users to connect their Radix Wallet to dApps on desktop browsers using a secure peer-to-peer connection with the Radix browser extension.

The Radix Dashboard is a comprehensive explorer for the Radix Network and enables functionalities such as staking, unstaking, and claiming XRD tokens from validators. 

The fourth product is the Developer Console, which provides functionalities that will be useful for developers to deploy packages to the network, ensuring a streamlined integration of new software components.

The fifth product is Radix’s dApp Sandbox, a developer tool that makes it easy for a developer to experiment with various requests. 

The Radix team believes that with the Babylon mainnet upgrade, there would be an enhanced user experience for web3 developers. 

Radix is a full-stack, layer-1 smart contract platform that offers a radically better experience both for users and developers. With Radix, users can confidently use Web3 and DeFi to manage their assets and identities. 

Developers can use the Radix Scrypto and Radix Engine to build decentralised applications.