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Overview

RADR is a widely distributed and decentralized system committing to impossible system breakdowns. All technical details and codes made in RADR are made public and transparent so everyone will be able to access and check it at any time. RADR makes the breaks the monopoly of our world’s traditional financial system like what only shopping did to the traditional retail industry.

Participants of RADR include:

Members
All users who divulge in currency exchange, payments and monetary transfers.
Gateway
Medium of transfer between users allowing deposit and withdrawal functions at the best rates
Market maker
Gain profits through exchange spreads by setting up channels between gateways
Merchants
Collects all RADR payments globally and is not limited to any currency or location
Institutions
RADR optimizes banking services of financial institutions with less time and lower cost

Common Users

RADR easily allows all users to participate in global transfers, payments, currency exchanges, collections and withdrawals.

Sign up

Sign up in trade:https://t.radarnetwork.org

Trust

If you want to use a specific currency in your RADR wallet other than what you have, add the gateway of this new currency on the “TRUST” list of your wallet. RADR automatically adds the same gateways to a new user as those existing to its referrer and will guide all new users on the gateway.

  • 1

    Click “Trust” after login

  • 2

    Choose a gateway in the sidebar, and then click “Add”

  • 3

    Confirm

Scenarios

Deposit

Users place funds in their trusted gateways and the same type of currency is automatically added in the users RADR wallet.

Remittance, payment

When making a transfer, users need to input destination address and the amount. System will help to choose best exchange rates if involving cross-currency payments. Confirm the exchange rate and complete the transaction.

Currency Exchange

To exchange currencies, trust gateways of both currencies. Then follow the prompts to make orders and trade in currencies needed in “Currency Exchange”.

Receipt & Withdraw

First trust a gateway and then you can receive payments from others with your RADR address. Follow the operation steps to make redeem request in gateway’s website if you intended to redeem the issuances.

Gateway

Medium of transfer between users allowing deposit and withdrawal functions at the best rates. Gateway is a term used to describe businesses that deposit money into the Radr network. Your deposits are placed into your Radr wallet by the gateway. The gateway also processes withdraws from the network back to your bank account.

Deposit

Users place funds in their trusted gateways and the same type of currency is automatically added in the users RADR wallet.

  • 1

    Click gateway address to enter

  • 2

    Click “Deposit” on the top left

  • 3

    Input amount, choose bank and click “Submit”

  • 4

    Click to enter the payment page

Withdraw

The process of withdrawal means that users transfer the currency of that gateway in RADR wallet back to that gateway, and the gateway needs to cash the same type of currency to the users.

  • 1

    Click “Withdraw” on the top right

  • 2

    Enter the page, and copy "Address"

  • 3

    Enter RadarTrade, and input the amount to confirm.

Market maker

Market makers are the main bodies to achieve exchange among different currencies. They trust several gateways and provide currency exchange channels among gateways, gaining profits through exchange spreads.

Currency Exchange

In addition to features enjoyed by members (e.e. log-in’s and trust gateways), market makers can generate OFFER’s including prices, amount, and sums of exchanging currencies. RADR’s exchange system automatically chooses the OFFER of the best transaction price to complete it.

Scenarios

For example, Market Maker A trusts both CNY and USD gateways. When it makes a 1USD to 6.5CNY offer for currency exchange, the system will automatically match the offer if there is a request to transact. Market Maker A now gets a higher exchange spread than with other common exchange rates (6.2CNY per USD).

Merchants

Merchants collect customer payments through RADR anywhere as long as they are connected to the internet. Since RADR users are found globally, merchants will be able to secure their payments automatically or at a timely basis at almost no cost.
This is more beneficial in comparison to PAYPAL services as the said system will require a higher pay per transaction and the length of time it will make to complete transactions and transfers is far longer compared to the RADR system.

Compared to the traditional collection mode, RADR has great advantages:

real-time payments (in 20 seconds)

Lower costs

Globally Acceptable via the Internet

Financial Institutions

RADR can facilitate financial institutions to provide more excellent banking services with less time and lower cost. Banks can achieve rapid international remittance and international settlement services through RADR.

To deal with payment information, Banks and other financial institutions usually depend on intermediary organizations such as house clearings, bank agents and swift bank settlements (but not limited to) making the fund costly and the risks high charging the excessive bulk of payments to its customers.

Banks can take RADR as the general ledger, to make settlement and real-time payment in the lowest cost.

Please read the Gateway Guide document and APIs document.

Technology

RADR is a decentralized value exchange platform based on the RTXP principle allowing independent systems to connect with each other the way email systems work making it similar to emails which has no central power control. It operates on an open source server on a public ledger updated every few seconds accessible through RADR.

The public ledger on RADR is jointly managed by all its users and gateways enabling processes to perform in just a few seconds. Consensus algorithm is used to make necessary changes to its ledger and is only pushed through if majority of the validator nodes would agree that the payment or transfer is valid and legitimate. In order for changes to be made on the general ledger data, trusted nodes and validators work together to confirm digital signatures every ledger period and updates on local database follows if found to be true. This provides consistency all the time for users. If consensus is not reached, the validator node continuously processes the transactions until it is proven to be true, if found otherwise, transaction will be rejected.

Trends

In 1969, there were only four computers connected in America, but now billions of terminals are in connection. People can greet their friends at distance by emails at any time (instant communication). They can see the familiar and beautiful faces of their beloved ones as long as they turn on the video mode (video). They can live a difference life in the virtual game world (online games). They can share their splendid moments with their friends through FACEBOOK, QQ and Moments (social networking software). They can easily select their favorite commodities in EBAY, Taobao, Amazon and other e-commerce platforms!

The internet has overthrown one industry after another, and the financial industry will be the next one. People are complaining the high transfer fee, too long arrival time, long waiting at banks and complex procedures, and they are in urgent need of more efficient, low and rapid financial services. RADR is a financial innovation under the context of internet. It supports various currencies, including virtual currency and fiat money. It makes the internet payment as easy as Email.

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