XDC Network: everyting you need to know about XDC

What is XDC Network?

XDC Network (XDC) is a hybrid blockchain that has both a private and a public component. It is designed to address issues in international trade and finance. With its XDPoS (Delegated Proof-of-Stake) consensus mechanism, the network offers fast transaction processing and improved interoperability between different blockchain components.

How does XDC Network work?

XDC Network uses a unique hybrid blockchain architecture that combines the benefits of both private and public blockchains.

The heart of the XDC Network is the XinFin Delegated Proof of Stake (XDPoS) consensus mechanism. This mechanism ensures that transactions are processed quickly and energy-efficiently, with a capacity of approximately 2000 transactions per second.

In the XDC Network, users can create and execute smart contracts, enabling a wide range of applications, from automating processes to creating decentralized applications (dApps).

Another important aspect of XDC Network is its interoperability with other blockchain networks. This is achieved by complying with the ISO20022 standard, allowing the network to seamlessly communicate and integrate with other financial systems and blockchain platforms.

The XDC token

The native token of the XDC Network is XDC. This token is used to pay for transaction fees and for staking for network security. Approximately 14 million euros were raised during the ICO in 2018, with 10% of the total token supply being sold. As a utility token, XDC is used to pay for transaction fees on the network.

In addition, the XDC token is used in the staking process, where token holders have the opportunity to stake their tokens for network validation, contributing to the security and stability of the network through the XDPoS (XinFin Delegated Proof of Stake) consensus mechanism.

The technology behind XDC

XDC Network uses a hybrid blockchain architecture, making it suitable for both public and private applications. It supports smart contracts and provides a platform for developers to build applications and protocols.

Benefits of XDC Network

The XDC Network distinguishes itself in the world of blockchain and cryptocurrencies by a range of unique advantages it offers. These benefits make the network attractive for both developers and users.

• Hybrid blockchain architecture: XDC Network combines the benefits of both private and public blockchains. This creates a flexible and efficient environment in which companies and individuals can operate.
• High transaction speed: With the capacity to process thousands of transactions per second, XDC Network offers one of the fastest transaction processing speeds in the blockchain world. This is essential for scalability and usability in real-world applications, especially in the financial sector.
• Energy-efficient consensus mechanism: In contrast to traditional Proof-of-Work (PoW) systems, XDC Network uses the Delegated Proof of Stake (XDPoS) mechanism, which consumes significantly less energy. This not only makes the network more environmentally friendly but also results in lower transaction costs.
• Interoperability: XDC Network is designed to seamlessly work with other blockchain networks. This interoperability is crucial for enabling cross-border transactions and integrating different technologies and platforms, making the network an attractive option for a wide range of applications.

Disadvantages of XDC Network

Although XDC Network offers many benefits, there are also some disadvantages and challenges that potential users and investors need to take into account.

• Complexity of the hybrid architecture: Although the hybrid architecture of XDC Network offers many benefits, it can also be complex for new users and developers. This can be a barrier to the acceptance of the coin.

Who is the founder of XDC Network?

XDC Network was founded by a group of experienced professionals with a strong background in the world of finance, blockchain, and technology. The most prominent figure among the founders is Atul Khekade, who has played a key role in the development and growth of the network. Atul Khekade is known for his expertise in blockchain technology and his efforts to provide innovative solutions to challenges in global trade and finance.

In addition to Atul Khekade, the team of founders and leaders of XDC Network consists of other experienced professionals, including Ritesh Kakkad and Peter Yeo.

Expectations for the near future

Experts expect a minimum price of €0.2200 in 2026 and a minimum price of €0.7200 in 2031.

Frequently asked questions