Introduction to Radix at Babylon

The Radix Public Network is a Layer-1 Decentralized-Finance (DeFi) platform. Radix has been designed and built from the ground up over many years to be a full-stack for the mainstream adoption of DeFi. This is most easily understood by watching our RadFi keynote, which explains the problems we see with DeFi right now, and how the Radix platform can enable:

• A mainstream-ready user experience
• A bespoke programming language and execution engine which allows for simple building of secure decentralized applications
• A network which can support unlimited scalability at our Xi’an release

There are three key milestones in the Radix journey:

• Olympia - Released in July 2021, but now has ended, with all data migrated to Babylon.
  • Simple UTXO-based state/transaction model supporting fungible resources, accounts, validators and staking.
• Babylon - Released September 27 2023. Currently live.
  • A complete rework of the network’s state and transaction model, using a more intuitive account-based state model and intent-based transaction model, with support for offline transaction construction.
  • This release brings full smart-contract style functionality, built to run in the Radix Engine. The Radix Engine is an execution environment built from scratch for DeFi, which is not EVM compatible - a decision which enables it to be tailored for DeFi security, user experience, and network throughput.
• Xi’an - Planned as the next major milestone after Babylon.
  • Xi’an will bring infinitely scalable, multi-sharded consensus to the Radix network with the Cerberus consensus protocol.

This guide will help you to prepare for an integration with the Radix Babylon Network.

Given that Olympia is no longer live, most integrators do not need to worry about Olympia. In which case, you should start at Babylon Technical Concepts. Some integrators (e.g. auditors, tax integrations, etc) may also care about ingesting data from Olympia, please also see the Integrations with the historic Olympia ledger section if this applies to you.