What is Radium?
Radium is a verification protocol and software that helps investors, businesses and developers confirm the authenticity of the transactions, files, data and anything else that they come across online that is sharable.
The primary aim of building Radium was to allow users the benefit of integrating most, if not all of their financial transactions on the blockchain. This helps to overcome so many of the challenges that currently face the financial market.
There are several features that are offered on Radium, alongside the SmartChain services, to help the users interact with their peers, and carry out their transactions on the blockchain very easily.
These Radium features include:
- SmartChain Verify-Web: This helps to verify any function that is performed by a Windows or Linux platform, but running on a web-based app. This is ideal for anyone who likes to confirm the link before they proceed to download any file.
- SmartChain Verify Linux: This allows users to check local files against file hashes that are recorded on the Radium blockchain, but by making use of the Linux efficiencies.
- SmartChain Verify Windows: This allows users to check any local files against file hashes that have been recorded on the Radium blockchain.
For any user to implement any of these services on Radium, they would first have an unlocked Radium wallet.
What is the problem that Radium Solves?
The blockchain has given rise to a new protocol for validation and verification of data that eliminates the need for a trust system.
This is a process that was popularized by Bitcoin, creating a decentralized system that would authenticate and verify the history of financial transactions conducted on it.
Since Bitcoin, a lot of the development in blockchain technology and development has shifted focus to different forms of data validation. There is also the notion that blockchain technology and cryptocurrency is all about currency.
Most of the projects that have been designed simply address specific currency flaws in the traditional financial management and handling economy. However, cryptocurrency and blockchain technology is not all about cryptocurrency. There is so much more to it.
There are a lot of projects that are focusing on non-currency usage. This is a step in the right direction. The only difference is that most of these projects demand specific technical skill for users to be able to appreciate their functions and value. As a result, these projects, however, beneficial they might be, end up locking so many people out of their ranks because of the technical nature.
Many people are interested in investing in cryptocurrency, but the lack of knowledge keeps them out of the loop. They feel the technical nature of these projects would leave them as sitting ducks in the event of any eventuality that would need them to act in due diligence.
The Radium project was designed to address this specific challenge. It is a project aimed at exploring and coming up with a form of data validation that is not financial, and with that solution, provide an interface that would allow non-technical users to enjoy the use of these functions too.
Through this interface, Radium project users should be in a good position to enjoy access to a low of blockchain functions through a suite of information management, voting, and identity validation tools.
How does Radium Solve the problem?
Radium is a proof of stake blockchain. This is a better and energy efficient option compared to proof of work that is employed in Bitcoin. How are these two different?
In Bitcoin, blocks are generated by expending computational resources. In Radium, on the other hand, coins are generated by splitting different groups of coins into individual wallets. The more the balance in the wallets increases, the higher the chance of generating the next block in the chain, and at the same time, earning block rewards.
What makes Radium better than the competitors?
One of the main reasons why Radium is different from other projects that are offering the same or almost similar services is because of Radium SmartChain.
Radium SmartChain serves both as a software program and a protocol which is implemented by Radium users to make use of the distributed irreversibility feature on the blockchain.
This is a component of the Radium blockchain, an additional data layer that has all the functions and information for validation that are needed by any Radium application that is not financial in nature.
This information can be stored without necessarily having to worry about volatile memory use. Radium SmartChain has a number of components that help to achieve the ideal:
Identities
There are so many scammers, imposters, hackers and the like that are available online. What these individuals have in common is that they use fake profiles online, creating different identities all for different reasons.
This makes it very hard for anyone to trace them, but as time goes by and their scams advance, it becomes difficult to identify the authentic retailers or websites from the fake ones.
Through Radium Identities, users on the protocol are in a good position to manage their online presence, create a historical record of all the activities on the blockchain, and establish a level of trust with the people they interact with. With an identity created, users can now go ahead and use it with any functions they require online, including voting and signing.
File Signatures
The global environment today has a challenge when it comes to safe distribution of digital media, software, and files. Organizations have grappled with this for a very long time.
An unintentional or even intentional distribution of a malicious file can damage the reputation of an organization or an individual. This has in the past led to the loss or lack of trust.
Data validation methods in use are cumbersome and will often require a user to compare results and data manually. However, to remedy this situation, Radium uses blockchain signatures to validate any information.
By signing files with a known Radium identity, it becomes very easy to prove whether files shared are genuine.
Text Notes
Through Radium, users are able to insert text notes into the blockchain. This makes it easier for the users to share notes that can be used as endearments, making predictions, or any other type of public statement that would need security and the immutable function of the blockchain.
How can Radium be categorized?
Radium is a distributed blockchain with nodes all over the world. It is readily available and accessible to investors on different platforms, from Linux, Windows and Mac OSX. It is a project that was designed specifically to run without resource constraints, and can thus be operated even on a low-end ARM device.
What’s Radium’s vision on Security?
Radium keeps all the hash functions of user files. This is done to make sure that the file is not tampered with at any given point in time, thereby making sure that the pathways for accessing files are always secure.
Building on this, Radium has placed a lot of emphasis on the non-conventional use of cryptocurrency, making it a platform where people can interact and engage even in non-financial transactions.
Through the unlocked Radium wallet, users can actually link addresses, verify identity and transactions, and generate proof of existence or ownership of the same.
Examples of Radium use cases/applications
Over the course of the development and beyond, Radium has attracted a number of partnerships, projects that are currently running and benefitting from implementing Radium. Here are some of the key partners:
XWEBHosting, LLC
This is a top-tier multi-platform web hosting provider. They offer a lot of options for anyone who would love to use either shared hosting services or reseller services.
XWEB understands the fact that each user has unique needs whenever they are on their computers. Whether they are individuals, medium-size entities, small startups or web developers, everyone has something specific that he or she needs to make their internet experience enjoyable.
XWEB works hard to make sure that all users are able to enjoy the services they need and at an affordable price too. To make this happen, they must provide a reliable hosting platform for all the users. Whether you are running JSP, Tomcat, MySQL, PHP, Cold Fusion, ASP.NET or even IIS, XWEB has got you covered.
By partnering with Radium, XWEB has managed to integrate traditional web hosting services on a blockchain platform, ushering in a new age of web-based management experiences and interfaces. As an end-user, this is good news because you can look forward to the best services, at a fraction of the going market rate.
Kenshin Holding Company
This is a company that was built to support and contribute to growth in different global economies. Kenshin addresses businesses in a focused approach, in order to grow the shareholding value.
Smartchain Software Solutions, LLC
By bringing Radium on board, Smartchain is looking to spark a revolution in the integrity of data that they handle. This is, particularly in verification and validation. Smartchain is building the future, today.
Through a decentralized platform like Radium, Smartchain is able to encourage trust and transparency, which are integral to a community that is constantly driving technology especially with the use of blockchain technology.
McIntyre, Donohue, Accardi, Salmonson & Riordan, MDASR, LLP
This is a legal firm that has served residents of Long Island and New York for more than 60 years. In light of the recent advancements in the world of technology, MDASR is making an effort to advance the practice to a new frontier, giving their clients nothing but the best experience. By partnering with Radium, the law firm is in a good position to enhance the client experience, through an apt technical and legal prowess.
Mitigating Website Hacks
The Linux Mint website was hacked in 2016. During the hack, the hackers managed to gain access to the iso files and replaced the checksums on the downloaded iso files.
This means that anyone who would have downloaded the file on that day would not have had the best experience with the file, and risked infecting their machines. With Radium, this could have been avoided.
This is because Radium can record a checksum onto the blockchain. Anything that is recorded on the blockchain is impossible to manipulate. This also makes it easier for the users to verify the integrity of the file before they download it.
Vendor or Employee Accountability
This is important, and applicable to many business situations. The Smartchain identities make it possible for these entities to make sure that all the vendors and employees are held accountable for the decisions that they make.
Since these identities are binding to an individual, any data that is modified, accessed or created will be stored in a safe way, that cannot be tampered with, for future reference.
Proof of Ownership
There are a lot of people who infringe on the rights of ownership to intellectual property, technology art and other forms of invention. The Radium Smartchain makes it easier for creatives to go about their business without worrying about people infringing on their rights to property ownership. What this means, therefore, is that creatives can now go about building their art, and do not have to worry about anyone faking ownership of the same.
Elections
The Smartchain Election protocol that is employed by Radium can also be used in a voting or an election process.
This, combined with the Smartchain Identities makes it an ideal option for a national election process, especially because of the indisputable and immutable accuracy of blockchain technology.
Therefore, since the results are trustworthy and can be verified, this would bring back an element of confidence in elections that have been lacking for the longest time.
Microsoft Office Suite
There are several items in the Microsoft Office Suite that can benefit from the Radium protocol.
One of these is Microsoft Outlook. Outlook can use the Smartchain identities to sign, validate, and verify IPFS encryption.
This is applicable not only for files but also for email contents, which is a good way of promoting accountability and legitimacy in the workplace.