What's the point of turning Radium into Radon instead of just using Radium to pay for blockchain services? I'm sure there is one, just curious about what's going on there.
When you turn
Radium(coin) into
Radon(asset), you are pre-paying a fee (via a high fee transaction ) to those supporting the blockchain by staking. The
Radon(asset) received acts as a pre-paid token the owner can then spend to pay for blockchain based services. Using this method, the fee handling is 100% decentralized, and is randomly distributed among the stakes. There is no need for specialized masternodes to handle fee distribution, as it is all handled directly in the chain. As the use of the SmartChain increases, and more people are turning
Radium(coin) into
Radon(asset), the stakers will earn more rewards, as the blocks will include not only the staking reward, but also
Radium(coin) from the fees paid by those making
Radon(asset).
Please let me know if that needs more clarification. To the best of my knowledge, Radium SmartChain is the only project to use such a system, so there is not much to draw a comparison to.
Peace!
JJ