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What is XDC Network all about
XinFin (eXchange inFinite), also known as XDC Network, is a next-generation hybrid blockchain network. It operates on a delegated Proof-of-Stake consensus mechanism, called XDPoS. The network operates in two states. The public state is the general state shared by all participants. Private states can be set up by the network participants. The public state can be used to share basic data transparently on the entire network. Meanwhile, the private state can be utilized to protect important and sensitive data from unwanted parties.
XinFin is compatible with the ISO20022 standardized messaging system. This allows enterprises to connect their systems when operating on the XDC private network. XDC is also highly efficient. Finalizing a transaction on XinFin takes approximately 2 seconds. The network allows for 2000 transactions per second and the gas fees are nominal at about 0.00001 USD. The network supports smart contracts and its energy consumption is much lower than that of PoW blockchains.
XDC - XinFin Digital Contract - is the utility token of the platform. It serves to power the blockchain itself, as well as the dApp environment around it. These decentralized applications include MyContract, TradeFinex, Kramaa, Land Registry, iFactor, Blockdegree, and TurantPay. There are also other dApps that utilize the XDC token. These include, but are not limited to Travala, XcelTrip, and Impel. XDC token is tradeable on over 40 crypto exchanges and storable on multiple wallets.
The maximum supply of XDC was initially fixed at 100 billion tokens but got reduced to 37.5 billion for the mainnet launch. XDC is also essential to securing the XinFin network. 10 million tokens are needed to set up a validator masternode. The XDC token also exists on the Ethereum blockchain as the XDCE token. The two tokens are interchangeable with a 1:1 ratio.
The supporting body of the XDC network is known as the XDC foundation. The foundation serves three primary goals. It ensures transparency, encourages development, and engages third parties to enhance network infrastructure.
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XDC Questions & Answers
What was the highest price of XDC Network to date?
The price of XDC Network reached its highest point on 2021-08-21, at 0.16 Euro.
Is XDC Network going to cost more in half a year?
There is no easy way to make an accurate long-term prediction, however based on our price prediction algorithm we estimate that XDC Network's value will reach between €0 and €0.03340314 six months from now.
What is the popularity of XDC Network online?
9324 people engaged in an online discussion on Reddit about XDC Network in the last 48 hours. XDC Network's Twitter profile currently is followed by 90226 people.
What is XDC Network's current price?
Today's price of XDC Network is at 0.03136133 Euro.
What price will XDC Network reach in 1 month?
Using our price prediction algorithm we estimate that the value of XDC Network will be anywhere between €0 and €0.03340314 in one month time.
What will XDC Network be worth 90 days from now?
On the basis of our prediction we expect that XDC Network's cost is likely going to be between €0 and €0.03340314 90 days from now.
10 days XDC Network price forecast
Long term XDC Network price prediction