Olympia [ /oʊˈlɪmpiə/ ] was was the initial release of the Radix Public Network and introduced the core node software, desktop wallet, staking, and the Radix Explorer. Olympia did not have a runtime environment for decentralized applications.
With the introduction of Olympia, the native Radix token - $XRD - was launched, marking the first major milestone on the Radix roadmap.
DEVELOPMENT | |
Launch Date | 2021-07-28 |
Official Announcement | |
Antecedent | |
Postcedent | |
Code Repository | |
License | |
LEDGER | |
State Model | Unsharded |
Sybil Protection | Delegated Proof of Stake |
Consensus Protocol | |
Execution Environment | Radix Engine v1 |
Validator Node Cap | 100 |
Release Components
The Olympia release provided the core components of the Radix ecosystem, which continued to expand with future releases. Key components included:
Radix Node software
Implemented the core Radix protocol, including Radix Engine v1 and unsharded Cerberus consensus.
The Radix Engine
The first version of Radix's replacement for the Ethereum Virtual Machine, designed to eventually run full DeFi applications.
RADIX token - $XRD
The native RADIX token, used for staking, network security, and transaction fees.
Simple Token Creation
Allowed new tokens to be created, named, minted, burned, and transacted via the JSON-RPC Radix Node API.