The Radium codebase upgrade (+ wallet) is 85% complete and is expected to be released later this year. It will include:
Decreased syncing times
Less orphan blocks
Atomic Swaps
Staking reward tracker
Backwards compatible
...
Hey thanks for the update! Always nice to see tech improvements.
Maybe you can also shed some light on any new partnerships or listings?
Well, we are talking to several exchanges and other service platforms like swap services and fiat gateways, but we avoid fake volume exchanges and/or exchanges that ask excessive listing fees.
We noticed that on the smaller exchanges that listed Rads over the last year, there is hardly any liquidity. One of the reasons for that is that most liquidity is sitting on Bittrex and people are comfortable with that. We can understand, Bittrex is a very reputable exchange. Another reason is that we have a loyal staking community that prefers to stake with their coins rather than putting them on smaller exchanges, which makes sense so those community members don't want to offer liquidity.
So we changed our strategy and are now aiming to get as many Bittrex partners as possible that share the Bittrex's order book. That way we can spread awareness of Radium into other regions in the world like eg Asia and guide more people to the Bittrex market in the hope to increase liquidity and trading activity.
So far three Bittrex partners joined and listed Radium:
- VCC (Vietnam)
- Bitmonex (Mongolia)
- Bitvoicex (Taiwan)
Swap services (SimpleSwap, StealthEX) and fiat gateways (Litebit.EU and Cryptomate) also use the Bittrex book.
Our 2nd biggest 'family' if we can call it like like that is Upbit which is another real volume exchange. Radium is listed on Upbit Korea and Upbit Indonesia. Unfortuantely the Radium wallet has been down for many months as they are rebuilding their legacy system after the exchange got hacked at the end of last year. We are in contact with them and the wallet should come back online later this month or next month, according to them. We also requested a RADS/KRW pair for Upbit Korea as a RADS/BTC pair is not that useful over there. A KRW pair will create much more trading activity and thus volume which might increase liquidity as well.
We will have to wait and see if Upbit can deliver.
We have a few very strong partnerships going like Mycointainer (staking pool) and StakeSafe (sells preconfigured Radium PI). They have been very reliable and productive partners. We are also working together with another official partner: the University of Texas at Arlington, to work on the layer 2 solution (The Smartchain) to combat fraud with eg the diploma use-case, but the pandemic has slowed things down for the moment on that front. It gives us time though to finish the mainchain code base upgrade which is needed as it was getting outdated. Once that's done we will put more focus on the layer 2 again.
There's another partnership in the making that I can't talk much about yet, we will release an announcement and blog post when the time has come.
And we are looking into forming an alliance, more on that later as well.
EDIT: Forgot to add, the new codebase supports atomic swaps so we should be able to get on a few more DEX. Talks with eg Block DX Exchange have already been started and have been positive so far.