Radix Publishing is excited to announce that the configuration for the final Olympia Protocol Update will be released at the end of August 2023. This will lead to the Babylon Mainnet network migration at the end of September, which will mark the birth of the Radix ecosystem. This ecosystem will include 50+ projects such as DEXs, stablecoins, money markets, games, NFT marketplaces, and more.Radix offers a radically better user and developer experience compared to other smart contract platforms. It enables a Web3 user experience that is easy to use, and for developers, it increases their productivity by an average of five times over Ethereum, while reducing the chances for DeFi hacks and exploits.The first version of the Radix Public Network, Olympia, was successfully launched on July 28th, 2021. It has processed more than 2m transactions with 100% uptime since its launch. With the final Olympia Protocol Update scheduled for release at the end of August, Olympia will irreversibly give way to the Babylon Mainnet network.Babylon will include the Radix Wallet, empowering users with human-readable transactions, trade guarantees, Native Assets, Smart Accounts, and Personas; all wrapped in a mobile-first experience that can switch seamlessly to desktop when needed. For developers, Babylon will launch the Scrypto programming language and smart contracts executing in the Radix Engine virtual machine. This will enable a new asset-oriented paradigm for developing Web3 and DeFi with assets, such as tokens and NFTs, as first-class features of the programming environment.

Information	Details
Geography	Global
Countries
Sentiment	positive
Relevance Score	9
People	None
Companies	Radix Publishing, Radix, Olympia Protocol, Babylon Mainnet, Radix Wallet, Scrypto, Radix DLT
Currencies	XRD, Bitcoin, Ethereum, Stablecoins, NFTs
Securities	None