XDC Network - the native cryptocurrency of an open source hybrid blockchain, specialized in tokenization for real decentralized finance. XinFin is positioned by developers as a decentralized, hybrid, interoperable and liquid network.
Contents:
Description of XDC Network
XinFin - a Blockchain enterprise hybrid technology company, optimized for international trade and finance. The XinFin network runs on its own coin, called XDC. XDC protocol supports smart contracts, 2000 transactions per second, transaction time 2 seconds, KYC for masternodes (validator nodes). XDC Chain (XinFin Digital Contract) uses XinFin Delegated Proof of Stake (XDPoS) with the intention of building a highly scalable, secure, permissive and commercial grade blockchain network.
Project uniqueness
A functional blockchain network for global trade and finance that enables digitization, tokenization and instant settlement of trade transactions, improves efficiency and reduces dependency on complex FX infrastructures, providing increased liquidity management flexibility for financial institutions.
What is the advantage of the platform:
| Message exchange | Higher compatibility with legacy systems and other blockchain platforms makes the XinFin (XDC) protocol the language of major banking systems, ERP systems, SWIFT systems, and more. |
| Fast and power efficient XDPoS consensus | Delegated Proof of Stake (also known as XDPoS) is a consensus algorithm, used to maintain digital democracy throughout the XinFin Hybrid Blockchain Network (XDC). It uses the power of stakeholder approval to resolve consensus issues in a fair and democratic way. |
Network validators are responsible for maintaining the integrity of the XinFin Hybrid Blockchain Network (XDC). Reliable communication ensures the security of the block chain. Validators are responsible for validating and converting transactions, created by producers, into legitimate blocks. Moreover, they are responsible for broadcasting these blocks throughout the hybrid blockchain network. They must keep their node in sync with the hybrid blockchain network at all times.
Buying and selling coins
The XinFin XDC mainnet token enables real XinFin use cases such as TradeFinex.org to help small and medium businesses or institutions to create their own financial requirements in a digital, fully structured way so that they can distribute them to banks or non-bank sponsors, using a common distribution standard. The best cryptocurrency exchanges to trade XDC Network shares currently are:
- Bybit;
- KuCoin;
- Gate.io;
- HitBTC;
- FMFW.io.
To date, the following use cases have been created, based on the XinFin utility token XDC: MyContract, TradeFinex, Kramaa, Land Registry, iFactor, Blockdegree and TurantPay.