Price of XDC Network (XDC) today
Unfortunately, there is no pricing data available for XDC Network (XDC) at the moment.
About XDC Network (XDC)
The XDC Network, created by eXchange inFinite (XinFin), is an enterprise-ready, open source, hybrid blockchain protocol specializing in tokenization for real-world decentralized finance. The network operates on a delegated proof of stake consensus model, enabling hybrid relay bridges, instant block finality, and interoperability with ISO 20022 financial messaging standards. The XDC token serves as the digital asset powering the XDC hybrid blockchain network, acting as a settlement mechanism for decentralized applications (dApps) built on the network.
Key features of the XinFin Network include being a public EVM-compatible blockchain with advantages such as low transaction fees (near zero), low energy consumption, fast confirmation times, double validation, and randomization for security guarantees. The network also utilizes XinFin Delegated Proof of Stake (XDPoS) consensus, a Proof-of-Stake-based blockchain protocol with rigorous security guarantees and fast finality. These features make XinFin's Hybrid Architecture developer-friendly and suitable for various decentralized finance applications.
Overall, the XDC Network offers a secure and efficient blockchain solution for tokenization and decentralized finance applications. With its focus on interoperability, low transaction fees, and fast confirmation times, the network provides a reliable platform for developers to build and deploy dApps. The XDC token plays a crucial role in facilitating transactions and settlements within the network, making it a key component of XinFin's ecosystem.
How does XDC Network work?
XDC Network is a decentralized blockchain platform that facilitates peer-to-peer transactions through its native cryptocurrency XDC. Built on the XinFin Hybrid Blockchain, XDC Network utilizes a proof-of-stake consensus mechanism to validate transactions and secure the network. This technology allows for fast and cost-effective cross-border transactions, making it ideal for international trade and finance. XDC Network also offers smart contract functionality, enabling automated and secure agreements between parties. Its unique features include interoperability with existing financial systems and the ability to tokenize assets for increased liquidity. With applications in supply chain management, trade finance, and decentralized finance, XDC Network provides a versatile and efficient solution for various industries seeking to leverage blockchain technology for improved transparency and efficiency.
How to keep your XDC Network (XDC) safe?
To keep your XDC Network (XDC) safe, it is recommended to utilize hardware wallets such as Ledger for enhanced security. These wallets store your private keys offline, making it nearly impossible for hackers to access your funds. Additionally, using trusted platforms like Uphold can provide an extra layer of security through their advanced security measures and protocols. By diversifying your security measures and utilizing reputable platforms, you can better protect your XDC assets from potential threats.
