Radix was founded by Dan Hughes, a UK-based developer who discovered Bitcoin in 2012. After researching Bitcoin for a year, he started eMunie (later renamed Radix) in May 2013. For the next five years, Hughes focused on solving the scalability problem, inventing and testing multiple consensus architectures. In 2017, Piers Ridyard joined as CEO, the project was renamed Radix, and funding was raised from various sources. The breakthrough of Cerberus in 2020 created a cross-shard atomically composable consensus protocol. The first iteration of the Radix Public Network, “Olympia”, went live in July 2021, and the DeFi development language, Scrypto, was released in early access form in December 2021.