XDC Network XDC Price

What is XDC Network (XDC)?

Empowering Global Trade and Finance with XDC Network

XDC Network emerges as a pioneering force in the blockchain landscape, offering a unique hybrid platform that seamlessly integrates the transparency of public blockchains with the security and rapidity of private networks. At its core lies the XinFin Delegated Proof-of-Stake (XDPoS) consensus mechanism, a cutting-edge algorithm ensuring robust security through a network of masternodes. This innovative mechanism introduces double validation for enhanced security, randomization for fairness, and lightning-fast confirmation times, fortifying the network's integrity.

However, XDC's capabilities extend far beyond its security features. This blockchain marvel boasts a substantial transaction processing capacity, addressing historical challenges such as slow speeds and high fees that plagued earlier blockchain iterations. Its compatibility with Ethereum Virtual Machine (EVM) empowers developers to seamlessly port applications from Ethereum into the XDC ecosystem, expanding its potential use cases. Moreover, the platform's support for EVM-compatible smart contracts opens doors for developers to scale their projects effortlessly.

The XDC token serves as the lifeblood of the XinFin ecosystem, functioning as a fundamental unit of exchange and powering the network's functionalities. Notably, the platform offers a suite of complementary products: XinFinScan for comprehensive network insights, XinFinMaster for monitoring masternode performance, and Xdcwallet for secure token storage and transactions. This multifaceted approach emphasizes user accessibility and convenience, ensuring a streamlined experience for investors and businesses alike.

At its core, XDC Network is more than just a blockchain—it stands as a catalyst for revolutionizing global trade and finance. Its hybrid nature seamlessly interacts with both public and private blockchains, fostering interoperability and propelling the digitization and tokenization of trade transactions. With a programming language that complements its robust infrastructure, XDC Network empowers developers and financial institutions to create innovative applications, simplifying processes and reshaping the landscape of financial services.

What is unique about XDC Network (XDC)?

XDC Network stands out for its hybrid platform, seamlessly merging public blockchain transparency with private network security. It employs the XinFin Delegated Proof-of-Stake (XDPoS) consensus mechanism, offering enhanced security, fairness, and rapid transaction confirmation.

Who are the founders of XDC Network (XDC)?

Ritesh Kakkad, Atul Khekade and Karan Bhardwaj are co-founders of XDC Network.

Who are the backers/investors of XDC Network (XDC)?

Generally, XinFin, the company behind XDC Network, has collaborated with various entities across global trade and finance sectors.

What is the consensus mechanism of XDC Network (XDC)?

XDC Network employs the XinFin Delegated Proof-of-Stake (XDPoS) consensus mechanism, leveraging a network of masternodes to ensure robust security, fairness, and high-speed transactions.

Where can I buy XDC Network (XDC)?

You can buy XDC Network (XDC) on Bitget, Gate.io, Bybit, MEXCHTX cryptocurrency exchanges.