What is XDC Network (XDC)?
About XDC Network
XDC Network (formerly known as XinFin Network) is a mixed (public/private) blockchain platform that combines the clarity of public blockchains with the speed and security of individual grids.
Together with the support of blockchain technological processes as well as the current infrastructure, the plan is going to provide users with highly orderly economic services.
In the software of the protocol, together with the unclosed initial code, a Delegated-Proof-of-Stake (XDPoS) consensus system is used, which guarantees transaction speed, comparability, and cybersecurity.
The line can process 2000 transactions per second (TPS), and because of the comparability of smart contracts and the Ethereum conditional mechanism (EVM), users have a chance to scale their plans more easily.
Who exactly are the founders of the XDC bond?
XinFin was formed in 2017 and is also based in Singapore. Ritesh Kakkad, Atul Khekade, as well as Karan Bhardwaj, are considered the founders of the platform. But in 2018, Bhardwaj left the firm to allocate more period to his startup Elatior Tech.
Ritesh Kakkad is a science and technology businessman along with a huge skill activity in the blockchain industry.
He acquired his Bachelor’s degree in Commerce, Accounting, and also Capital from the Mumbai Institute in India.
Before joining XinFin, he supported the formation of IndSoft Systems, a research and development firm.
Atul Khekade is a competent computer designer and software developer, forming previously unknown scientific and technical companies and also guaranteeing subsidization of emerging platforms in XDC.
He has played an important role in the formation of the company MonetaGo, which specializes in economic development and also fights together with cheating on the Internet. In addition, someone took part in the formation of Airnetz, a mixed online travel agency.
He graduated from the Sardar Patel Institute of Technology in Hindustan in the profession of “information technology”.
What makes XDC Network (XDC) unique?
XDC Network is a 1st-degree blockchain, jointly with EVM, which is connected with the ISO 20022 payment notification exchange standard, which makes it a comfortable platform in which creators and economic institutions have all chances to form additions.
In addition, the platform has thrown the XDCPay add-on – a web extension together with the help of certain common browsers, which is caused to facilitate the general user experience for traders as well as companies.
XDC wants to solve the difficulties, together with which the initial blockchain networks have not coped in any way: low bandwidth, unreasonably high fees, and low skill for creators.
The platform also holds smart contracts, for this reason, the creators have a chance to form additions and also works (scientific society) in the base of the blockchain.
It is the one that gives the possibility to place numerical assets of the 2nd degree (through Origin) and also applies to shards with the purpose of the most rapid processing of transactions (more than 2000 transactions in one second).
The platform assumes a mixed blockchain together with an unclosed initial code for worldwide trade and also capital. Because of its mixed system, XDC interacts with public blockchains as well as with individual blockchains.
The concept gives mixed relay bridges, which relay transactions to the public line.
How many XDC Network (XDC) coins are in rotation?
Its blockchain token, XDC, guarantees transactional work as well as smart contracts in the bond and also facilitates cross-border selling. The token powers the whole ecosystem and also represents payment and computed resources.
Users need XDC tokens to process transactions and also to pay for gas in XDC. They have a chance to place their tokens and also to acquire XDC fees in exchange for transaction processing and also to invest in the security of the bond.
Scattered add-ons or dApps created in the platform also use XDC as a necessary token.
According to the caprice in the month of 2023 the single reserve of XDC is 37 705 012 699 coins and the opposite reserve is 13 828 679 553 coins. The tokens are distributed in the following way: fees for the participants of the bond (32. 5%); collective (25%); system (50%); hedge pool (10%); advance placement and also recommendation of tokens (10%); philanthropic companies (5%); reserves (2.5%).
Where is it possible to buy XDC Network?
XDC tokens can be traded in concentrated crypto exchanges.
Bitfinex is considered to be the most famous exchange for buying and trading XDC Network, where the more intense XDC/USD pair of traders has a sales size of $40,013.66 because of the past 24 minutes.
Other common types contain KuCoin as well as Bybit.
What is XDC Network (XDC)’s daily sales size?
The sales size of XDC Network (XDC) because of the past 24 minutes has collected $30,262,672, which is 47.20% more than the period ago, and also indicates a recent increase in trading activity.
What is the all-historical maximum for XDC Network (XDC)?
The highest value paid because of XDC Network (XDC) is $0.1928, which was fixed on 21 majestic 2021 (almost 2 years).
Relatively, the present value of 73.1% is further than the value of the all-time high.
What is the all-historical as a minimum with the purpose of XDC Network (XDC)?
The lowest value paid because of XDC Network (XDC) is $0.0003953, which existed fixed on July 22, 2019 (almost 4 years).
Relatively, the present cost of 13,033.87% earlier than the lowest cost because of all without exception period.
What is the bazaar capital transformation of XDC Network (XDC)?
XDC Network (XDC)’s bazaar capital turnover is $721,589,635 and also it currently captures 97 roles in CoinGecko.
The bazaar capitalization is determined by the line of multiplication of the token value into the used recommendation of XDC tokens (Fourteen billion tokens traded to date).
What is the fully diluted analysis of XDC Network (XDC)?
The entire diluted analysis (FDV) of XDC Network (XDC) is $1,967,824,576. This statistical understanding of the highest bazaar price is the presence of the circumstance that today the largest number of XDC tokens is in circulation – 38 billion.
In this regard, as well as the plan to issue XDC tokens will be collected, can go several years, in the first place before the FDV will be fulfilled.
Equally, how do the price characteristics of XDC Network correlate with its analogs?
Together with the increase in value of 1.10% because of the past 7 days, XDC Network (XDC) breaks away from global cryptocurrency trading, which increased by 5.20%, and also breaks away according to the comparison together with similar cryptocurrency smart contracts platforms, which increased in Eleven.30%.
Equally how to add XDC Network (XDC) to MetaMask?
By adding XDC Network (XDC) to MetaMask, you will be able to watch your tokens, trade in scattered exchanges, and almost everything else.
To supplement them, you need to import XDC as well as a token. You can make a copy of the XDC contract locationand also import it manually. ant. automatic, or, in case you have defined MetaMask augmentation for chrome, augment XDC in MetaMask with one click in CoinGecko.
XDC Network blockchain protocol
What is XDC Network (XDC)
XDC Network (XDC) is a blockchain protocol designed for enterprise use, with a focus on providing fast, secure, and cost-effective solutions for global payments and trade finance.
It uses a hybrid consensus mechanism that combines proof of stake and practical Byzantine fault tolerance, and features interoperability with other blockchain networks. XDC Network also offers smart contract functionality, decentralized data storage, and various other features designed to support enterprise-level use cases.
The history of XDC
XDC Network (XDC) was launched in 2018 by XinFin Fintech Pte. Ltd., a Singapore-based company focused on developing blockchain solutions for the finance and trade industries. The project was initially developed on the Ethereum blockchain, but later moved to its own proprietary blockchain in order to better meet the needs of enterprise users.
Since its launch, XDC Network has focused on building partnerships and expanding its use cases, with a particular emphasis on trade finance and supply chain management. Notable partnerships and collaborations include agreements with several major banks, as well as partnerships with the government of Telangana in India, the Abu Dhabi Global Market, and other organizations.
XDC Network has also been actively involved in the development of industry standards, including the Token Taxonomy Framework and the InterWork Alliance, which are aimed at promoting interoperability between different blockchain platforms.
Overall, XDC Network has continued to grow and expand its offerings since its launch, with a focus on providing fast, secure, and cost-effective blockchain solutions for enterprise users.
How XDC Network (XDC) works
XDC Network (XDC) is a blockchain protocol that uses a hybrid consensus mechanism, combining proof of stake and practical Byzantine fault tolerance (PBFT), to achieve fast transaction speeds and high network security. Here is a simplified overview of how XDC Network works:
- Validators stake XDC tokens to participate in network consensus and earn block rewards.
- Transactions are verified and grouped into blocks by a small subset of trusted validators, using the PBFT consensus mechanism.
- Once a block is verified, it is added to the blockchain, which is replicated across all nodes in the network.
- Smart contracts can be created and executed on the XDC blockchain using Solidity, the same programming language used on the Ethereum blockchain.
- XDC Network also supports decentralized data storage through its XDC Storage feature, which allows users to securely store and share data across the network.
XDC Network also features interoperability with other blockchain networks, allowing users to exchange assets and data across different platforms. Additionally, XDC Network has developed various tools and features to support enterprise-level use cases, such as trade finance and supply chain management, including digital identity verification, smart invoicing, and automated payment processing.
Can XDC be trsuted
As a blockchain protocol, XDC is designed to be decentralized, transparent, and secure, which are some of the key qualities that make blockchain technology trustworthy. However, like any blockchain platform, the trustworthiness of XDC Network ultimately depends on the integrity and security of the network’s validators and users.
XDC Network has implemented a hybrid consensus mechanism that combines proof of stake and practical Byzantine fault tolerance (PBFT) to achieve fast transaction speeds and high network security. The use of PBFT consensus ensures that transactions are verified by a subset of trusted validators, which adds an additional layer of security to the network. In addition, XDC Network has implemented various features designed to enhance network security, such as multi-signature wallets, smart contract audits, and real-time network monitoring.
Furthermore, XDC Network has developed partnerships and collaborations with several major banks, as well as partnerships with government organizations and industry associations. These partnerships can help to build trust in the platform and promote the adoption of XDC Network for enterprise use cases.
Overall, while no blockchain platform can be 100% immune to security threats or fraudulent activities, XDC Network appears to be designed with security and trustworthiness in mind, and has taken steps to enhance network security and build partnerships to support its growth and adoption.
How to get XDC Network (XDC)
Here is a step-by-step guide on how to get XDC:
- Set up a wallet that supports XDC. XDC Network has its own wallet, called XDC Wallet, which can be downloaded from the XDC Network website. Alternatively, you can use other wallets that support XDC, such as MyEtherWallet, Ledger, or Trezor.
- Purchase XDC from a cryptocurrency exchange that supports XDC trading. XDC can be purchased from several exchanges, including Wellcoinex, KuCoin, and ProBit. To purchase XDC, you will need to create an account on the exchange, complete the verification process, and fund your account with a cryptocurrency or fiat currency.
- Transfer the purchased XDC to your XDC wallet. Once you have purchased XDC on an exchange, you can transfer the XDC to your XDC wallet. To do this, you will need to obtain your XDC wallet address from your XDC wallet and provide it to the exchange when making the withdrawal.
- Alternatively, you can earn XDC by staking your XDC tokens. To do this, you can participate in the XDC Network staking program, which allows users to earn rewards by staking their XDC tokens to help validate transactions on the network.
It’s important to note that cryptocurrency investment can be risky and prices can be volatile. It’s always recommended to do your own research and invest only what you can afford to lose.
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