Radicle (RAD) is an open-source network that allows developers to collaborate in a peer-to-peer and decentralised manner. Like coding collaboration platforms like GitHub and GitLab, Radicle enables developers to write code and create Dapps in a common format. It also has a peer-to-peer software copying protocol called Radicle Link, which maximizes efficiency for developers on the platform.
Furthermore, Radicle Link’s decentralised data storage feature allows users to share excess data and copies on their computers on the network. Through the “gossip” system, users have access to features such as funding and managing projects initiated by other users.
The project, launched in November 2020, continues to develop as an alternative to GitHub. So, what is Radicle? We will explain in this article of Zatrun.com.
What is Radicle (RAD)?
Radicle (RAD) is a platform that operates as an open-source protocol. It enables peer-to-peer (P2P) and decentralised collaborations among developers. It works similarly to centralised coding collaboration platforms like GitHub and GitLab.
Therefore, developers can work together in a common format on the platform to write code and create Dapps. The peer-to-peer software copying protocol called Radicle Link comes into play for this purpose. Link maintains the efficiency of a GitHub-like coding platform while also allowing for decentralised data storage.
The platform allows users to share their additional copies and local data on the network using the “Gossip” system. At the same time, users have advantages such as funding and managing projects initiated by others. The project calls this “pick and match” type of collaboration model “market-style partnership.”
The platform released a beta version supported by MacOS and Linux operating systems in November 2020. In February 2021, the platform announced its integration with Ethereum. This brought protocol governance and smart contracts to the ecosystem.
How Does Radicle Work?
Radicle provides a decentralised, third-party free, and globally authorised network. This sets it apart from centralised rival platforms. The ecosystem incentivises developers to have more integration with blockchain technology and collaborate with projects built on the Ethereum network. Unlike centralised platforms, Radicle’s P2P structure and public-key encryption enable it to function without intermediaries.
Radicle, running on the Ethereum blockchain, has features that will advance the software collaboration goal. RAD Orgs, which are mini organizations, allow communities to benefit from the unique features of the project.
With the project’s authentication system, users can link their identities in the project to their Ethereum addresses, providing directory service. The Link protocol allows data and code to be stored in a decentralised environment. The project, managed by a DAO, also has NFT support.
What is RAD? Is It a Good Investment?
The Radicle ecosystem operates with an ERC-20 token known as RAD. This cryptocurrency serves as the governance token of the DAO, ensuring the decentralization of the ecosystem. RAD coin holders can participate in decision-making by joining the DAO and casting their votes, much like shareholders in a company.
In addition, RAD coin allows users to benefit from discounted and free access to the protocols within the ecosystem. While non-RAD holders can still use the protocols, they are required to pay higher gas fees.
Radicle aims to decentralise open-source software projects, similar to how Bitcoin revolutionised finance. Decentralised projects eliminate gatekeepers, allowing users to freely share online content without permission. Through its Seeders program, the ecosystem has partnered with many projects, including big names like Aave, Uniswap, Synthetix, and The Graph. The platform also supports NFTs and is currently expanding towards the DeFi space.
In April 2021, RAD coin reached an all-time high of $16.88. Afterward, the token traded within the $10-20 range from September 2021 to January 2022. However, like other cryptocurrencies, RAD experienced a significant drop in value during the major crypto downturn of 2022. The asset is currently trading at $1.95 and has a market cap of $95.2 million. In the last 24 hours.
