Welcome to the Radix Babylon Tech Docs
This site is specifically for documentation for the Babylon version of the Radix Network and associated tools. Babylon will not move to the Radix mainnet until its full release in Q2 2023. Until then, the Radix Network remains on its Olympia version and associated tools. For Olympia documentation, please see our main documentation site.
About the Radix Public Network
Radix is the first decentralized ledger platform designed to be suitable for a world of developers to build, deploy, and scale an unlimited number of robust Web3 and DeFi applications. Many years of research, experimentation, and development work have gone into an interrelated set of open source technologies that will make this possible.
The Radix Public Network launched on 28 July, 2021 with the release of the first version of the Radix Node to the world. This first release is called Olympia (click here to visit the Olympia network tech docs), and is proving out foundational elements of the Radix technology roadmap on a live, open network. It includes a simplified form of our unique Cerberus consensus protocol, simple token features via Radix Engine v1, transaction finality time less than 5 seconds, low transaction fees, and ample throughput for today’s needs. Release 1.1.0 of Olympia followed in January 2022, launching the Network Gateway and updated Radix APIs.
The following release, Alexandria, was released on 15 December, 2021. Alexandria was NOT an update to the Radix Node or Network, instead, it provided early access a developer toolchain for the intended smart contract language of Radix: Scrypto.
The Babylon release is expected to go live in Q2 2023, and will be a substantial update to the mainnet Radix Network to allow deployment of Scrypto-based smart contracts, and includes a wide variety of new technologies and features like Radix Engine v2 virtual machine, "transaction manifest" style of transactions, "smart" account components, a decentralized royalty system and an on-ledger catalogue of Scrypto-based "blueprints".
Until then, test networks (starting with Betanet and then RCnet) will be available so developers can begin working with Babylon features. This tech docs site is specific to that Babylon version.
Then a Xi’an release will implement the complete Cerberus consensus protocol, able to provide unlimited parallelization of transactions and application execution. This will enable the Radix network to scale limitlessly to the needs of global finance rebuilt by a world of developers.