Nikolas Sargeant
Decentralized ledger platform Radix Publishing has announced the successful completion of its Babylon mainnet upgrade.
In a press release shared with Cryptowisser, the team stated that the Babylon upgrade represents the end of the Olympia era and has been hailed by Radix as a game-changing moment for Web3 and the wider DeFi space.
The upgrade has been described as a “substantial update” to the Radix Network mainnet, enabling 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 development, 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 supported by Babylon are the Radix Engine v2 virtual machine, DeFi transaction previews that are human readable, a decentralized royalty system for developers and smart account components, as well as an on-ledger catalog of Scrypto-based blueprints.
This upgrade also comes with five new products; The Radix Mobile Wallet, which provides a secure way to manage accounts and hold any kind of asset, such as tokens or NFTs on Radix.
The second major product is 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 another product, and it is a comprehensive explorer for the Radix Network and functionalities to stake, unstake, and claim XRD 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.
Finally, the dApp Sandbox is a developer tool that makes it easy for a developer to experiment with the kinds of requests that a dApp frontend can make to the Radix Wallet and see the results in the wallet and format of responses.
The Babylon mainnet upgrade is also set to boost user experience for Web3 developers.
Radix is the only 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; and for developers, Scrypto and Radix Engine provide a powerful and secure asset-oriented programming paradigm that allows builders to intuitively go from idea to production-ready dApps that their users will love.
