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Radium (RADS): Blockchains and Innovations
With 16.10$ per one unit, Radium coin is apparently doing something right. Regardless of the latest decrease that made the price drop by -5.26%, this digital currency is still carrying a flattering value per one unit. The reason for that might be the fact that Radium is using technology added to already existing blockchain based technology mechanism that no other digital currency uses at the moment. What is exactly that innovative technology and how does it support this digital coin?
Radium and SmartChain Core
Radium is primarily using a proof-of-stake method with hundreds of nodes being distributed throughout the blockchain this digital coin is using. Besides from having well-known technology that uses blockchain just like any other digital cryptocurrency, Radium’s creators probably decided to stand out from the crowd of other cryptocurrencies by adding a change to the way this digital coin is working. This improvement is added in form of the data layer. The technology being used to support blockchain technology and improve it by adding verification method for advanced functionality is known as SmartChain Core.
SmartChain Core is a data layer mechanism that is built on top of blockchain mechanism so that all users would have improved file verification for additional security and safe operating with RADS, while also providing the user with identity functionality. None other digital currency is using anything similar to SmartChain Core as they rely on blockchain technology as the only mechanism to support verification of identities and data. Along with verification and identity management, users are enabled to enjoy in a user-friendly interface that is specially designed to help all users get around more quickly and efficiently as user-friendly interface offers full transparency of controls and presents easy to use functions.
Maybe one the most critical features Radium is offering with SmartChain Core technology is identity management, a feature that provides all users with safe and secure identities that are based on blockchain technology and secured cryptographically for improved privacy and advanced safety. Another benefit of having SmartChain Core technology added to blockchain lies in file verification feature that serves the purpose of having wholly secured file transfers that are protected to prevent modifications of files and info without authorization. Only you are in charge of your data and information, and SmartChain Core with file verification is there to make sure that you are in full control of all your files and transactions.
Radium is also made as an open source blockchain based entity of value which means that developers around the world are enabled to contribute to the project with all changes being tracked publically through notifications. Judging by all the novelties implemented in this crypto coin, Radium is moving the boundaries of possible when it comes to developing already known blockchain technology that way to bring improvements to the table and standing out from the crowd of other crypto values.
Where is Radium at Now?
Radium has been through a slight decrease that goes a bit over -5%, making the current value settle at 16.10$ per one coin, which is still a flattering amount. People who have been investing in this cryptocurrency when the price was still a long way from a single dollar per one coin are probably enjoying the current value this digital coin has. The market cap of Radium is 55.2 million dollars with over 3 million RADS coins in circulation. Compared to other cryptocurrencies, except for only a few, circulation of RADS coins seems somewhat limited which makes this coin even more desirable. Although Radium is ranked at 276th place on the cryptocurrency ranking list, many people are using RADS coins believing that its features are making transactions and exchanges more accessible than ever thanks to the improved security with identity management and file verification.
The fact that SmartChain Core is still not as appreciated as it might be is possibly the product of having regular blockchain based security already extremely functional, so adding SmartChain Core probably looks excessive to many potential users that are interested in investing in Radium or using RAD coins for making transactions. Now that the price is over 16$ per one coin, bulk investments are less likely to be possible unless you are planning on investing more than just a couple of hundreds in this digital coin. Although it may seem that Radium is underappreciated with the ranking spot it has at the current moment, many users are enjoying the benefits of having user-friendly interface and features they get with SmartChain Core. Their safety is maximally granted thanks to this addition to the blockchain technology – and they have a good point.
Without any intention of jumping to conclusion and saying that Radium is operating with the safest technology currently available, this digital coin is nothing safer than regular blockchain based security operating with encryption used by other cryptocurrencies designed by the image of the original coin – Bitcoin. The fact that other coins are safe even without the additional security measures in form of SmartChain Core Radium is using, might be the reason behind having this digital coin still not appreciated the way RADS creators would want. Still, Radium is digging its way up to the top, hoping for new increases and fulfillment of positive predictions for the current year of 2018.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.
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