Staatenlos_mit_Claim_ENG
Radix node

What is Radix?

Cryptocurrency

With your stake at the Staatenlos node, you can get 25% bonus ocicoins on upcoming staking airdrops. Greener Dan Hughes came up with the idea back in 2012, at that time still under the name “eMunie”. This project has therefore been in research and development longer than Ethereum and most of the other top 100 cryptocoins known today.
Any questions?
Radix node

What exactly does staking mean?

Definition

  • “Staking” means something like “to hold on”, so with this staking process you make your own radix coins (XRD) available to the network in which they are “locked” or “frozen” there. will.
  • Staking takes place immediately after activating your own wallet. To have Radix Coins available again, you have to wait 500 epochs. This is recorded in the Radix Consensus. The duration of an epoch always fluctuates a bit and usually lasts around 40 minutes. So with 500 epochs, you’re going to have to wait around 12-14 days for the “unstaking” process. During this waiting period, you will no longer receive any distributions.
  • During actual staking time, you will be rewarded for pinning down and securing the network. In the next 40 years, a fixed amount of 300,000,000 XRD will be distributed. Thus, your own payout rate always depends on what percentage of the coins are currently staked. You can track the current annual return (APY) at any time on the following website: https://www.radixscan.io/index.shtml
  • The distributions over the next 40 years will create an inflationary effect, which will be counteracted by the deflationary burning of coin fees for transactions.
Any questions?
Radix node

What exactly does staking mean?

Definition

  • “Staking” means something like “to hold on”, so with this staking process you make your own radix coins (XRD) available to the network in which they are “locked” or “frozen” there. will.
  • Staking takes place immediately after activating your own wallet. To have Radix Coins available again, you have to wait 500 epochs. This is recorded in the Radix Consensus. The duration of an epoch always fluctuates a bit and usually lasts around 40 minutes. So with 500 epochs, you’re going to have to wait around 12-14 days for the “unstaking” process. During this waiting period, you will no longer receive any distributions.
  • During the actual staking time, you will be rewarded for pinning down and securing the network. In the next 40 years, a fixed amount of 300,000,000 XRD will be distributed. Thus, your own payout rate always depends on what percentage of the coins are currently staked. You can track the current annual return (APY) at any time on the following website: https://www.radixscan.io/index.shtml
  • The distributions over the next 40 years will create an inflationary effect, which will be counteracted by the deflationary burning of coin fees for transactions.
Any questions?
Radix node

What is a node

definition

  • The Staatenlos Node is one of 100 validators on the Radix DLT network. These nodes – in German “computing nodes” – ensure the functionality and decentralization of this network.
  • Each individual node represents a computer or its own server unit, whose aim is to be switched on and connected to the Radix network as permanently as possible.
  • The computing load of transactions and other activities on the network is distributed decentrally to these nodes.
  • The influence of each individual node on the consensus mechanism depends on the staking amount. It is therefore also the responsibility of the staker to ensure that the distribution is as healthy as possible so that individual nodes are not weighted too heavily in percentage terms.
  • The Radix core team can only suggest major updates to the node operators. A majority must first agree to the updates so that they can be implemented. As a result, a decentralized structure is already guaranteed today, and there can still be a permanent team that works significantly on the further development of the project.
  • Until the big “Xi’an” update in 2023, the number of validators will be limited to 100. Until then, no more will be needed to guarantee the operability of the network, which is still scalable to a limited extent.
  • So-called “full nodes” can already be provided by anyone with their own computing resources, but only the nodes with the one hundred most stakes take part in the validation and thus also in the distributions.
Any questions?
Radix node

Why is Staatenlos participating?

Stake Radix together with our large community and help shape the future of the decentralized financial system (DeFi):

  • Staatenlos would like to draw the attention of its large and crypto-savvy community to this great project today, deliberately before it has already gone through all the media and has therefore possibly already entered completely different spheres in terms of price.
  • In our opinion, with this Layer 1 protocol, Radix has the potential to turn the entire crypto and in particular the DeFi world upside down.
  • Radix has what it takes to turn the world of finance upside down and to “offer” alternative decentralized financial products on its own network. Unlike Ethereum, Solana Cardano, IOTA, etc., the Radix network can even be scaled for all of humanity, with fees remaining slim and transactions fast.
  • In the future, there could be many exciting opportunities, especially for the stateless community who love to travel and think globally, to take global banking and life to a whole new level.
  • With this node we want to clearly express our long-term commitment to this network.
  • Already today the Telegram group ( https://t.me/radix_staatlos ) has grown to over 1000 active, helpful and enthusiastic members and this is just the beginning!
  • In just over two months after the start on October 1, 2021, an incredible 33 million XRD coins (over €9,000,000 as of December 7th, 2021) have already been staked and the first 25 places are already very close. Unbelievable! Thanks very much!
Any questions?
Radix node

Why is Staatenlos participating?

Stake Radix together with our large community and help shape the future of the decentralized financial system (DeFi):

  • Staatenlos would like to draw the attention of its large and crypto-savvy community to this great project today, deliberately before it has already gone through all the media and has therefore possibly already entered completely different spheres in terms of price.
  • In our opinion, with this Layer 1 protocol, Radix has the potential to turn the entire crypto and in particular the DeFi world upside down.
  • Radix has what it takes to turn the world of finance upside down and to “offer” alternative decentralized financial products on its own network. Unlike Ethereum, Solana Cardano, IOTA, etc., the Radix network can even be scaled for all of humanity, with fees remaining slim and transactions fast.
  • In the future, there could be many exciting opportunities, especially for the stateless community who love to travel and think globally, to take global banking and life to a whole new level.
  • With this node we want to clearly express our long-term commitment to this network.
  • Already today the Telegram group ( https://t.me/radix_staatlos ) has grown to over 1000 active, helpful and enthusiastic members and this is just the beginning!
  • In just over two months after the start on October 1, 2021, an incredible 33 million XRD coins (over €9,000,000 as of December 7th, 2021) have already been staked and the first 25 places are already very close. Unbelievable! Thanks very much!
Any questions?
Radix node

Staking

The stateless node

Stake Radix together with our large community and help shape the future of the decentralized financial system (DeFi):

ID:
rv1qtm32gr5dkhgmjjmhxn43yah6y59f5nx6qv3x44kg80mtaaffv39u9tylpu

  • Get started now $XRD – the worthy Ethereum successor
  • Get up to 12% additional Radix coins per year with the stateless node
  • Active and helpful Telegram community with over 1000 enthusiastic cyclists
  • Participate in future sweepstakes only as a staker on our node!
  • Buy and stake Radix now
Any questions?
Radix node

The currency

XRD

$XRD is the native radix token, $EXRD the token based on the Ethereum network. Both are always interchangeable at a ratio of 1:1. Staking is only possible with the native $XRD.

Any questions?
Radix node

The currency

XRD

$XRD is the native radix token, $EXRD the token based on the Ethereum network. Both are always interchangeable at a ratio of 1:1. Staking is only possible with the native $XRD.

Any questions?
Radix node

Lukas

The Staatenlos node

Lukas is the admin of the stateless node and also the community manager.

In this webinar, Lukas and Christoph present our Radix Staatenlos node. Radix (XRD) is one of the most promising Layer 1 crypto projects and technically far ahead of Ethereum, Cardano, Solana and Co

In the crypto sector, Christoph is currently exclusively invested in XRD and, together with Lukas, has set up his own validator node, which helps to further decentralize the network.

In the webinar you will learn everything about Radix, how you can invest most easily and how you can “stake” with us in the end. Staking via the Staatenlos Validator Node will have many benefits which we will introduce.

To the webinar
Radix node

The goal

Secure, decentralized and scalable

Dan also recognized early on why the early Layer 1 protocols and DeFi (“Decentralized Finance”) projects will sooner or later fail. From the very beginning he therefore looked for solutions to solve the so-called “trilemma”.

DLTs – Distributed Ledger Technologies – all struggle with this trilemma of being secure, decentralized and scalable at the same time. Widespread DLTs – such as Bitcoin, Ethereum,… – try very hard to be decentralized and therefore relatively secure, otherwise nobody would use them. But they are all difficult to scale. As a rule, more nodes or nodes do not result in more throughput.

Any questions?
Radix node

“Cassandra”

Radix has proven itself

Centralized systems (e.g. PayPal, Visa, Ripple,…) often achieve a high throughput. Either you save on the consensus logic (public or private permissioned blockchain or databases) or you throw hardware-eating resources at the problem (see Solana).

This also promotes – at least with today’s technology – centralization again. The trilemma is the “litmus test” for DLTs, so to speak, and cracking this trilemma is the “holy grail.” Radix was able to provide this proof completely within the “Cassandra” test environment.

Any questions?
Radix node

Telegram

Join our Staatenlos node community.
Telegram Community

Stay up to date with the Telegram channel, where the most important updates about Radix are sent.
Telegram channel

Any questions?
Radix node

FAQ

Questions and answers

introduction
Just as we think globally, we will continue to spread our high-performance servers according to the flag theory. Starting with 2x Germany and Finland (AMD Ryzen Octa-Core, 64GB ECC, NVMe SSDs) many more will follow! This allows us to guarantee maximum reliability with many backup servers + DDoS protection measures.
.
  • Stake jetzt mit uns und nehme an Verlosungen teil z.B. für Beratungen zur Krypto-Steueroptimierung oder für eine Tour mit dem Staatenlos-Katamaran über die Weltmeere.
  • Mit Deinem Stake schützt Du das Radix-Netzwerk und erhältst jährlich sogar noch bis zu 12% an XRD-Coins auf deine Radix-Desktop-Wallet gutgeschrieben.
  • Wir beginnen für 5 Wochen mit 0,5 % Gebühren und bleiben dann bei 2,5 %, weil die Zahl 5 die Freiheit symbolisiert.
  • Bleibe auf dem Laufenden und diskutiere mit uns auf Telegram, wir sind bereits über 650 Mitglieder, um Radix endlich die Aufmerksamkeit zu schenken, die es verdient hat!
What is Radix (XRD) and how to buy and stake?

You also want to be invested early in the revolution of the decentralized financial system (DeFi)?

Be honest: The will to succeed is the greatest motivator of humans and that is why riding the crypto wave has been so incredibly profitable for the last 10 years!

So how do you become financially independent, like the Quandts, Hortens or Oetkers of this world? Through passive income! Only this offers a stable income and growing prosperity for your future and that of your descendants over generations.

What does all this have to do with Radix and how can this project possibly make it possible for me?

Layer 1 technology is analogous to the TCP/IP protocol of the Internet and should be understood as the basis for future global and decentralized financial transactions.

So who is building this massively wide and extremely branched highway of the future?
Who can deliver these complex requirements without ending up in a massive traffic jam (keyword Ethereum and fee explosion)?

"Atomic Composability" is the networking of the motorway lanes with each other, so there is a new exit almost every meter. This is enormously heavy and expensive to build and deliver. That's why no one has done it yet. Ethereum, Solana and Co. only build classic exits and motorway junctions every 8 kilometers, so they are inflexible and slow.

Radix manages to scale as desired and quickly provide roads where they are needed. The construction workers build the road and the necessary connections between you in real time in front of your eyes, so to speak, at full speed.

Despite this enormous scaling, the radix protocol knows where all the road nodes and courses are at all times. All this without traffic jams and only with slim tolls. Willful destroyers of the road (spammers) are severely punished by the toll.

With this structure, Radix can make the entire banking system - as we know it today - superfluous. DeFi offers the solution to shift all banking activities from a vulnerable middleman to a decentralized structure. You no longer have to entrust your money to anyone and a major cost factor simply disappears without replacement. Account management fees and negative interest? In retrospect, that's only worth a smile.

So you also want to drive on the Radix Autobahn without a speed limit? Then just follow our instructions to get closer to this big goal step by step. At the end there is even the insider tip to get 13% annual “interest” in the form of radix coins automatically with our node – in addition to the possible price gain.

Short sample calculation: Assuming it is the year 2023 and you have staked 100,000 XRD on your wallet at the stateless node. The Radix course would then be at a conservatively estimated $3 and the APY would have settled at 8% by then. This gave you the equivalent of an incredible €1700 a month in XRD coins on top of that, regardless of the possible price increase!

The Euro Gateway: Interface between Fiat and Crypto

Those who are not entirely new to the crypto world can skip the first step. Otherwise, we would be happy to show you a few ways in which you can exchange your money for cryptocurrencies!

Anyone who currently has a lot of fiat money (euros, dollars,...) with zero or even negative interest in their account is certainly looking for more attractive investment opportunities. You would at least like to have compensated for the currently quite high inflation with negative interest rates, right?

!!! Important NOTE !!! Save the links to the trading venues shown here under your bookmarks or favorites in the browser and NEVER go to these websites via the search engine or any other way. Otherwise there is a real phishing danger!

Simple ways to exchange your euros into cryptos are:

bit stamp

Bitstamp is not quite as well known as Coinbase, but offers you a more attractive fee model overall. In addition, you will also receive 20$ cash for free via our link if you buy at least the equivalent of 100$ (currently approx. 86€) in cryptocurrencies. Here, too, Coinbase would give you “only” €8 in Bitcoin.

The best way to handle the entire process is via your smartphone browser, which guarantees the smoothest implementation. Register via our link with your name and e-mail address, then confirm the registration in your e-mail inbox:

Assign a password, store it securely (keyword password manager), then save the "User ID" that is then displayed as well. In the next step you have to verify yourself as a natural person:
ie request for your place of residence; phone number (with SMS confirmation); ID, driver’s license or passport (just take a photo with the smartphone camera from the front and back); then you have to identify yourself as a person by voice and selfie video recording. If you are verified, you can then use the more convenient iOS or Android app for this. In the profile settings, it is highly recommended to activate two-factor authentication right away, for additional protection! In the app you can then deposit euros using the "Buy with card" option for credit cards, or "Deposit" for bank transfers. With a credit card, the transaction is immediate with a small fee, or slower by bank transfer, but even free of charge (according to experience, 1- 2 workdays). As soon as the money has been received, you can use it to buy Bitcoin, for example, and then send it out (“Withdraw”) – for example to Bitfinex – in order to exchange the Bitcoin for XRDs there (see next step). Savings tip: If you buy XRP at Bitstamp (Ripple) or XLMs (Stellar), you still save fees and the transaction to the exchange of your choice (e.g. Bitfinex) goes through much faster!
Coinbase

If you prefer to trust the big “Dino” of the payment interfaces, you won’t go wrong with Coinbase either. 8€ in Bitcoin with a minimum investment of 85€ in cryptos are waiting for you via our link! Here, too, the verification is similar and then Bitcoin (or Stellar [XLM] for bargain hunters) can be bought and then sent out – for example to Bitfinex – to buy XRDs there (see next step).

octopuses

Kraken is a payment interface and exchange in one. Unfortunately, Radix is ​​not listed here at the moment, so you have to send the (stable) coins to another exchange (e.g. Bitfinex) in the second step. Overall, this platform is more for advanced users, so we are only showing you another way to buy cryptos directly by credit card with a more attractive fee model than Coinbase, for example.

Bitcoin ATM

Finally, an interesting and probably the most anonymous method is to deposit the money directly in cash in a so-called Bitcoin ATM. For example, on "coinatmradar.com" you will find all locations worldwide, the link will take you straight to the German locations. A small disadvantage of anonymity are the often poorer exchange rates (Bitcoin/Euro) and high fees that you incur with it. The ATM pays the euros you have paid in to your specified paper wallet in bitcoin. From the wallet you can then send it out to the exchange of your choice (see next step).

(E)XRD trading on centralized or decentralized exchanges

 

Bitfinex (Central – XRD/USD and XRD/BTC)

An important note for the travelers among you, never use Bitfinex WITH a USA IP address!

To deposit at Bitfinex, it is worthwhile to deposit with coins, which are particularly cheap in terms of transaction fees. These include Tether via TRC20 (Tron network), Ripple (XRP) or Stellar (XLM). The problem with Bitfinex is that you cannot deposit so-called stablecoins such as Tether or USDC without verification.

So you either go through the verification process or there is a brief risk of price fluctuations by buying Bitcoin or XRP, for example, and then depositing them and then exchanging them in Radix accordingly. With XLM or XRP you have far fewer fees and it's faster, but then you have to exchange them for USD on Bitfinex and then for XRDs:

1. XRP/USD or XLM/USD and then 2. XRD/USD (simply exchange XRD/BTC directly for Bitcoin)

You would also have to exchange tether from USDT to USD first, even after verification. Always make sure the correct network is selected before sending out. With Tether (USDT), for example, there are many options, such as the Ethereum or Tron network. Transmitter and receiver platforms must support this network! It's all a bit complicated, but it will be worth it in the long run! Made it! In the next step, we send the XRDs to the home desktop wallet.

Alternative trading platforms with EXRD pair:

Uniswap with Metamask Plugin (Decentralized – EXRD/USDC)
KuCoin (Central – EXRD/USDT)
Gate.io (Central – EXRD/USDT and EXRD/ETH)
Optional for EXRD coins:

Swap into "real" XRD via Bitfinex or Instabridge

EXRD (e-Radix) is simply the ERC20 token variant on the Ethereum network. The native XRD coins are on the “correct” native Radix network. You can exchange your EXRDs for free at any time in a 1:1 ratio to XRDs and vice versa.

If you have bought EXRDs via the platforms mentioned above (i.e. currently Uniswap, KuCoin or Gate.io), it is no problem to exchange them for XRDs afterwards. Only with the native XRDs can you also use the Radix desktop wallet and with it the staking function to generate additional income and secure the Radix network.

To exchange these EXRDs for XRDs, you currently either have to send them KYC-free to Bitfinex and can exchange them there, or with KYC using Radix’s in-house tool called “Instabridge”:

Bitfinex:
Instabridge and InstaPass:
Our optional tip for more security: Two-factor protection with the Ledger Nano S

Download and use the official Radix desktop wallet

You can find the current version of the official Radix wallet for PC, Mac and Linux at any time under the following link: https://wallet.radixdlt.com/ (Note: mobile wallets for iOS and Android are not planned in the near future)

Stake: Hold the radix at the stateless node and receive an additional 13% annual return on XRD coins

Our Validator ID is: rv1qtm32gr5dkhgmjjmhxn43yah6y59f5nx6qv3x44kg80mtaaffv39u9tylpu

Before staking, always make sure that enough XRDs remain unstaked. Around 50 XRDs are recommended here in order to be able to serve the fees for unstaking later.

Conclusion: The fastest way is currently to deposit on Bitstamp Euros by credit card - Buy Bitcoin there - Deposit at Bitfinex - Buy XRD for BTC there - Withdraw XRD to the Radix desktop wallet (optional with connected Ledger Nano S for additional security) - On stake the stateless node to secure the network & secure up to 13% returns!

 

Why Radix (XRD) is so much better

DLTs – Distributed Ledger Technologies – all struggle with the trilemma of being secure, decentralized and scalable at the same time.

Widespread DLTs - such as Bitcoin, Ethereum,... - try very hard to be decentralized and therefore relatively secure, otherwise nobody would use them. Except maybe for quantum computer-assisted attacks. But they are all difficult to scale. As a rule, more nodes do not result in more throughput.

Centralized systems (e.g. PayPal, Visa, Ripple,...) often achieve a high throughput. Either you save on the consensus logic (public or private permissioned blockchain or databases) or you throw hardware-eating resources at the problem (see Solana). This also promotes – at least with today's technology – centralization again. The trilemma is the litmus test for DLTs, so to speak, and cracking this trilemma is the "holy grail."

There are different approaches to achieve scalability without giving up decentralization. However, many of the approaches currently being discussed shift the problem to Layer 2, i.e. "off-chain" next to or above Layer 1 (state channels, roll-ups, sidechains).

Each of these approaches attempts to offload the processing and computation of transactions. This would also noticeably increase throughput and can also reduce on-chain transaction fees. A blockchain would be relieved a lot and would be many times smaller. However, you then have the problem that it is more difficult to bring together different "off-chain" transactions (e.g. cross-rollup transactions). Solutions for this are also being worked on, but they again bring their own problems with them. In the end, however, you usually fail because of the train and hotel problem.

Another approach is to find "on-chain" solutions for scaling. In the past, attempts were made to achieve a speed advantage by increasing the block size in blockchains. This makes the chain a little faster, but it doesn't scale. This is why sharding is an attempt to split the ledger across different nodes. Ethereum is said to run through ETH2 with 64 different shards.

But here, too, one has the problem (see above) of linking transactions from different shards: "to compose". Attempts with "semi-asynchronous messages" that may roll back transactions on different shards are also more of a crutch. Accordingly, you would have to cancel the taxi, train and hotel after booking because the flight could not be booked. All of these measures cost transaction fees and also take time.

Quote from the wiki linked above:
"With cross-shard synchronous transactions, the [train-and-hotel] problem is easier, but the challenge of creating a sharding solution capable of making cross-shard atomic synchronous transactions is itself decidedly nontrivial"

And that's exactly where Dan Hughes starts with Radix, where it becomes nontrivial. At Radix, a massively splintered ledger is the norm - not just 64 large shards! Transactions can reference different shards and process them synchronously within a transaction (atomic).

This is the revolution: "atomic cross-shard composability". In addition, transactions are cheap and you even have a very short finality, without waiting for confirmations. Things that do not belong together are not processed together and can run in parallel. As a result, the radix ledger scales linearly: more nodes result in more transactions per second.

Instances and shards can also show full "atomic composability" on layer 2, but the interoperability between the various layer 2 instances - as well as the interaction of layers 1 and 2 - works more badly than well. But it also doesn't make sense to put things that belong together in the same instance or the same shard. Then you can also use a separate chain. As soon as it goes to another layer 2 or shard, the problems start all over again.

And with the Scrypto programming language, someone is finally tackling the abysses of Solidity, which (hopefully) means the days of audited-yet-hacked code are over. Then you get a modular system with auditable components, from which the developers can even earn something.

Finally, it should be mentioned that in principle it is also conceivable to combine "on-chain" and "off-chain" scaling. And yes, Dan has already dabbled with zk proofs - and Twitter is already running decentralized on Cassandra with over 40TB of data!

Any questions?
Radix node

FAQ

Questions and answers

introduction
Just as we think globally, we will continue to spread our high-performance servers according to the flag theory. Starting with 2x Germany and Finland (AMD Ryzen Octa-Core, 64GB ECC, NVMe SSDs) many more will follow! This allows us to guarantee maximum reliability with many backup servers + DDoS protection measures.
.
  • Stake jetzt mit uns und nehme an Verlosungen teil z.B. für Beratungen zur Krypto-Steueroptimierung oder für eine Tour mit dem Staatenlos-Katamaran über die Weltmeere.
  • Mit Deinem Stake schützt Du das Radix-Netzwerk und erhältst jährlich sogar noch bis zu 12% an XRD-Coins auf deine Radix-Desktop-Wallet gutgeschrieben.
  • Wir beginnen für 5 Wochen mit 0,5 % Gebühren und bleiben dann bei 2,5 %, weil die Zahl 5 die Freiheit symbolisiert.
  • Bleibe auf dem Laufenden und diskutiere mit uns auf Telegram, wir sind bereits über 650 Mitglieder, um Radix endlich die Aufmerksamkeit zu schenken, die es verdient hat!
What is Radix (XRD) and how to buy and stake?

You also want to be invested early in the revolution of the decentralized financial system (DeFi)?

Be honest: The will to succeed is the greatest motivator of humans and that is why riding the crypto wave has been so incredibly profitable for the last 10 years!

So how do you become financially independent, like the Quandts, Hortens or Oetkers of this world? Through passive income! Only this offers a stable income and growing prosperity for your future and that of your descendants over generations.

What does all this have to do with Radix and how can this project possibly make it possible for me?

Layer 1 technology is analogous to the TCP/IP protocol of the Internet and should be understood as the basis for future global and decentralized financial transactions.

So who is building this massively wide and extremely branched highway of the future?
Who can deliver these complex requirements without ending up in a massive traffic jam (keyword Ethereum and fee explosion)?

"Atomic Composability" is the networking of the motorway lanes with each other, so there is a new exit almost every meter. This is enormously heavy and expensive to build and deliver. That's why no one has done it yet. Ethereum, Solana and Co. only build classic exits and motorway junctions every 8 kilometers, so they are inflexible and slow.

Radix manages to scale as desired and quickly provide roads where they are needed. The construction workers build the road and the necessary connections between you in real time in front of your eyes, so to speak, at full speed.

Despite this enormous scaling, the radix protocol knows where all the road nodes and courses are at all times. All this without traffic jams and only with slim tolls. Willful destroyers of the road (spammers) are severely punished by the toll.

With this structure, Radix can make the entire banking system - as we know it today - superfluous. DeFi offers the solution to shift all banking activities from a vulnerable middleman to a decentralized structure. You no longer have to entrust your money to anyone and a major cost factor simply disappears without replacement. Account management fees and negative interest? In retrospect, that's only worth a smile.

So you also want to drive on the Radix Autobahn without a speed limit? Then just follow our instructions to get closer to this big goal step by step. At the end there is even the insider tip to get 13% annual “interest” in the form of radix coins automatically with our node – in addition to the possible price gain.

Short sample calculation: Assuming it is the year 2023 and you have staked 100,000 XRD on your wallet at the stateless node. The Radix course would then be at a conservatively estimated $3 and the APY would have settled at 8% by then. This gave you the equivalent of an incredible €1700 a month in XRD coins on top of that, regardless of the possible price increase!

The Euro Gateway: Interface between Fiat and Crypto

Those who are not entirely new to the crypto world can skip the first step. Otherwise, we would be happy to show you a few ways in which you can exchange your money for cryptocurrencies!

Anyone who currently has a lot of fiat money (euros, dollars,...) with zero or even negative interest in their account is certainly looking for more attractive investment opportunities. You would at least like to have compensated for the currently quite high inflation with negative interest rates, right?

!!! Important NOTE !!! Save the links to the trading venues shown here under your bookmarks or favorites in the browser and NEVER go to these websites via the search engine or any other way. Otherwise there is a real phishing danger!

Simple ways to exchange your euros into cryptos are:

bit stamp

Bitstamp is not quite as well known as Coinbase, but offers you a more attractive fee model overall. In addition, you will also receive 20$ cash for free via our link if you buy at least the equivalent of 100$ (currently approx. 86€) in cryptocurrencies. Here, too, Coinbase would give you “only” €8 in Bitcoin.

The best way to handle the entire process is via your smartphone browser, which guarantees the smoothest implementation. Register via our link with your name and e-mail address, then confirm the registration in your e-mail inbox:

Assign a password, store it securely (keyword password manager), then save the "User ID" that is then displayed as well. In the next step you have to verify yourself as a natural person:
ie request for your place of residence; phone number (with SMS confirmation); ID, driver’s license or passport (just take a photo with the smartphone camera from the front and back); then you have to identify yourself as a person by voice and selfie video recording. If you are verified, you can then use the more convenient iOS or Android app for this. In the profile settings, it is highly recommended to activate two-factor authentication right away, for additional protection! In the app you can then deposit euros using the "Buy with card" option for credit cards, or "Deposit" for bank transfers. With a credit card, the transaction is immediate with a small fee, or slower by bank transfer, but even free of charge (according to experience, 1- 2 workdays). As soon as the money has been received, you can use it to buy Bitcoin, for example, and then send it out (“Withdraw”) – for example to Bitfinex – in order to exchange the Bitcoin for XRDs there (see next step). Savings tip: If you buy XRP at Bitstamp (Ripple) or XLMs (Stellar), you still save fees and the transaction to the exchange of your choice (e.g. Bitfinex) goes through much faster!
Coinbase

If you prefer to trust the big “Dino” of the payment interfaces, you won’t go wrong with Coinbase either. 8€ in Bitcoin with a minimum investment of 85€ in cryptos are waiting for you via our link! Here, too, the verification is similar and then Bitcoin (or Stellar [XLM] for bargain hunters) can be bought and then sent out – for example to Bitfinex – to buy XRDs there (see next step).

octopuses

Kraken is a payment interface and exchange in one. Unfortunately, Radix is ​​not listed here at the moment, so you have to send the (stable) coins to another exchange (e.g. Bitfinex) in the second step. Overall, this platform is more for advanced users, so we are only showing you another way to buy cryptos directly by credit card with a more attractive fee model than Coinbase, for example.

Bitcoin ATM

Finally, an interesting and probably the most anonymous method is to deposit the money directly in cash in a so-called Bitcoin ATM. For example, on "coinatmradar.com" you will find all locations worldwide, the link will take you straight to the German locations. A small disadvantage of anonymity are the often poorer exchange rates (Bitcoin/Euro) and high fees that you incur with it. The ATM pays the euros you have paid in to your specified paper wallet in bitcoin. From the wallet you can then send it out to the exchange of your choice (see next step).

(E)XRD trading on centralized or decentralized exchanges

 

Bitfinex (Central – XRD/USD and XRD/BTC)

An important note for the travelers among you, never use Bitfinex WITH a USA IP address!

To deposit at Bitfinex, it is worthwhile to deposit with coins, which are particularly cheap in terms of transaction fees. These include Tether via TRC20 (Tron network), Ripple (XRP) or Stellar (XLM). The problem with Bitfinex is that you cannot deposit so-called stablecoins such as Tether or USDC without verification.

So you either go through the verification process or there is a brief risk of price fluctuations by buying Bitcoin or XRP, for example, and then depositing them and then exchanging them in Radix accordingly. With XLM or XRP you have far fewer fees and it's faster, but then you have to exchange them for USD on Bitfinex and then for XRDs:

1. XRP/USD or XLM/USD and then 2. XRD/USD (simply exchange XRD/BTC directly for Bitcoin)

You would also have to exchange tether from USDT to USD first, even after verification. Always make sure the correct network is selected before sending out. With Tether (USDT), for example, there are many options, such as the Ethereum or Tron network. Transmitter and receiver platforms must support this network! It's all a bit complicated, but it will be worth it in the long run! Made it! In the next step, we send the XRDs to the home desktop wallet.

Alternative trading platforms with EXRD pair:

Uniswap with Metamask Plugin (Decentralized – EXRD/USDC)
KuCoin (Central – EXRD/USDT)
Gate.io (Central – EXRD/USDT and EXRD/ETH)
Optional for EXRD coins:

Swap into "real" XRD via Bitfinex or Instabridge

EXRD (e-Radix) is simply the ERC20 token variant on the Ethereum network. The native XRD coins are on the “correct” native Radix network. You can exchange your EXRDs for free at any time in a 1:1 ratio to XRDs and vice versa.

If you have bought EXRDs via the platforms mentioned above (i.e. currently Uniswap, KuCoin or Gate.io), it is no problem to exchange them for XRDs afterwards. Only with the native XRDs can you also use the Radix desktop wallet and with it the staking function to generate additional income and secure the Radix network.

To exchange these EXRDs for XRDs, you currently either have to send them KYC-free to Bitfinex and can exchange them there, or with KYC using Radix’s in-house tool called “Instabridge”:

Bitfinex:
Instabridge and InstaPass:
Our optional tip for more security: Two-factor protection with the Ledger Nano S

Download and use the official Radix desktop wallet

You can find the current version of the official Radix wallet for PC, Mac and Linux at any time under the following link: https://wallet.radixdlt.com/ (Note: mobile wallets for iOS and Android are not planned in the near future)

Stake: Hold the radix at the stateless node and receive an additional 13% annual return on XRD coins

Our Validator ID is: rv1qtm32gr5dkhgmjjmhxn43yah6y59f5nx6qv3x44kg80mtaaffv39u9tylpu

Before staking, always make sure that enough XRDs remain unstaked. Around 50 XRDs are recommended here in order to be able to serve the fees for unstaking later.

Conclusion: The fastest way is currently to deposit on Bitstamp Euros by credit card - Buy Bitcoin there - Deposit at Bitfinex - Buy XRD for BTC there - Withdraw XRD to the Radix desktop wallet (optional with connected Ledger Nano S for additional security) - On stake the stateless node to secure the network & secure up to 13% returns!

 

Why Radix (XRD) is so much better

DLTs – Distributed Ledger Technologies – all struggle with the trilemma of being secure, decentralized and scalable at the same time.

Widespread DLTs - such as Bitcoin, Ethereum,... - try very hard to be decentralized and therefore relatively secure, otherwise nobody would use them. Except maybe for quantum computer-assisted attacks. But they are all difficult to scale. As a rule, more nodes do not result in more throughput.

Centralized systems (e.g. PayPal, Visa, Ripple,...) often achieve a high throughput. Either you save on the consensus logic (public or private permissioned blockchain or databases) or you throw hardware-eating resources at the problem (see Solana). This also promotes – at least with today's technology – centralization again. The trilemma is the litmus test for DLTs, so to speak, and cracking this trilemma is the "holy grail."

There are different approaches to achieve scalability without giving up decentralization. However, many of the approaches currently being discussed shift the problem to Layer 2, i.e. "off-chain" next to or above Layer 1 (state channels, roll-ups, sidechains).

Each of these approaches attempts to offload the processing and computation of transactions. This would also noticeably increase throughput and can also reduce on-chain transaction fees. A blockchain would be relieved a lot and would be many times smaller. However, you then have the problem that it is more difficult to bring together different "off-chain" transactions (e.g. cross-rollup transactions). Solutions for this are also being worked on, but they again bring their own problems with them. In the end, however, you usually fail because of the train and hotel problem.

Another approach is to find "on-chain" solutions for scaling. In the past, attempts were made to achieve a speed advantage by increasing the block size in blockchains. This makes the chain a little faster, but it doesn't scale. This is why sharding is an attempt to split the ledger across different nodes. Ethereum is said to run through ETH2 with 64 different shards.

But here, too, one has the problem (see above) of linking transactions from different shards: "to compose". Attempts with "semi-asynchronous messages" that may roll back transactions on different shards are also more of a crutch. Accordingly, you would have to cancel the taxi, train and hotel after booking because the flight could not be booked. All of these measures cost transaction fees and also take time.

Quote from the wiki linked above:
"With cross-shard synchronous transactions, the [train-and-hotel] problem is easier, but the challenge of creating a sharding solution capable of making cross-shard atomic synchronous transactions is itself decidedly nontrivial"

And that's exactly where Dan Hughes starts with Radix, where it becomes nontrivial. At Radix, a massively splintered ledger is the norm - not just 64 large shards! Transactions can reference different shards and process them synchronously within a transaction (atomic).

This is the revolution: "atomic cross-shard composability". In addition, transactions are cheap and you even have a very short finality, without waiting for confirmations. Things that do not belong together are not processed together and can run in parallel. As a result, the radix ledger scales linearly: more nodes result in more transactions per second.

Instances and shards can also show full "atomic composability" on layer 2, but the interoperability between the various layer 2 instances - as well as the interaction of layers 1 and 2 - works more badly than well. But it also doesn't make sense to put things that belong together in the same instance or the same shard. Then you can also use a separate chain. As soon as it goes to another layer 2 or shard, the problems start all over again.

And with the Scrypto programming language, someone is finally tackling the abysses of Solidity, which (hopefully) means the days of audited-yet-hacked code are over. Then you get a modular system with auditable components, from which the developers can even earn something.

Finally, it should be mentioned that in principle it is also conceivable to combine "on-chain" and "off-chain" scaling. And yes, Dan has already dabbled with zk proofs - and Twitter is already running decentralized on Cassandra with over 40TB of data!

Any questions?

Known from: