Piers Ridyard from Radix on how to scale blockchains and the future of DeFi – CryptoSlate

Piers Ridyard from Radix on how to scale blockchains and the future of DeFi – CryptoSlate

Bybit

Layer-1 blockchains are having somewhat of their own internal war in crypto circles these days, with the likes (and communities) of Ethereum, Solana, Cardano, Elrond, NEAR, and several others going at it on Twitter and Discord daily.

A bit away from the action—and with its own fan following—is Radix, another layer-1 blockchain in development since 2018. During tests in that year, Radix demonstrated 1.4 million transactions per second (TPS), making it one of the fastest and most scalable blockchains to do so.

Today, joining Cryptonites host Alex Fazel on his podcast is Radix CEO Piers Ridyard. Ridyard has spent over five in the cryptocurrency space, going from mining on the genesis block of Ethereum in early 2015 to building and exiting a YCombinator company that built decentralized deal-room software for insurance companies in 2017. 

Ridyard today discussed his plans for Radix, the future of DeFi and public consensus, and how crypto benefits the unbanked in underdeveloped economies. The episode’s not one to miss!

Here are some insights from the show.

The maturation of DeFi

“Some of the highlights of DeFi in 2021 have just been the maturity the maturing of the space, right. Like there was this early like Cambrian explosion of ideas that came out in DeFi Summer. It went from very solid projects that have been building for a very long time, like Aave or MakerDAO. And then there this sudden understanding
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