
Radix Publishing, a decentralized ledger platform, has celebrated the completion of its long-anticipated Babylon mainnet upgrade. The Babylon upgrade represents the end of Olympia and has been hailed as a game-changing moment for Web3 and the wider DeFi community.
The Babylon mainnet upgrade has been described as a substantial update to the Radix Network mainnet, enabling the deployment of Scrypto-based smart contracts and a broad spectrum of new technologies and features, most notably the Radix Mobile Wallet.
RDX Works' CEO, Piers Ridyard, said the company's CEO, John P. Ridyard, was not immediately available for comment.
The refinements supported by Babylon include the Radix Engine v2 virtual machine, DeFi transaction previews that are human readable, a decentralized royalty system for developers and smart account components, and an on-ledger catalog of Scrypto-based blueprints.
The Babylon upgrade brings with it five new products, The Radix Mobile Wallet, which provides a secure means to manage accounts and hold assets like tokens or NFTs on Radix. On desktop browsers, Radix Connect allows users to connect their Radix Wallet to dApps using a secure peer-to-peer connection with the Radix browser extension. The Radix Dashboard, a comprehensive explorer for the Radix Network and functionalities to stake, unstake, and claim XRD from validators and the Developer Console, provides functionalities that will be useful for developers to deploy packages to the network, ensuring a streamlined integration of new software components. The dApp Sandbox, a developer tool that makes it easy for a developer to experiment with the kinds of requests that a dApp frontend could make to the Radix Wallet, and see the results in the wallet and format of responses.
The arrival of Babylon's mainnet upgrade will enhance user experience for web3 developers, many of whom have already learned about the incoming features through their use of the Betanet and RCnet testnets. Babylon is an open, self-incentivizing DeFi dApp ecosystem where developers can build and deploy impactful decentralized applications at scale.
With its full-stack, layer-1 smart contract platform, Radix is the only platform that offers a radically improved experience for both users and developers. With Radix, users can confidently use Web3 and DeFi to manage their assets and identities, while for developers, Scrypto and Radix Engine provide a powerful and secure asset-oriented programming paradigm thatenables builders to intuitively go from idea to production-ready dApps that their users will love.
The code security and release of code associated with the Radix platform is managed by Radix Publishing.