XDC Network (XDC)
XDC Network is a blockchain technology company designed to cater to the needs of international trade and finance. It offers a hybrid blockchain solution that combines the best of both public and private blockchains, providing a robust infrastructure for financial transactions. At the heart of the XDC Network is its native coin, XDC, which powers the various applications and services within the ecosystem.
Architecture and protocol
XDC protocol
The XDC protocol is a cornerstone of the XDC Network, built to enhance transaction efficiency and security. It supports smart contracts, enabling automated and self-executing contracts with the terms of the agreement directly written into code. The protocol is capable of processing 2000 transactions per second (TPS), ensuring high throughput and rapid transaction times, with an average confirmation time of just 2 seconds.
| Ticker | XDC |
| Category | Finance / Banking |
| Website | https://xinfin.org |
| @XinFin_Official | |
| Telegram | xinfintalk |
| https://www.reddit.com/r/xinfin/ |
XinFin Digital Contract (XDC Chain)
The XDC Chain, also known as the XinFin Digital Contract, leverages the XinFin Delegated Proof of Stake (XDPoS) consensus mechanism. This innovative approach is designed to balance scalability, security, and decentralization. The XDPoS system involves validator nodes, known as Masternodes, which are subject to Know Your Customer (KYC) processes, ensuring a secure and trusted network environment.
Features of XDC Network
Scalability and security
XDC Network is designed to be highly scalable, capable of handling a large number of transactions efficiently. The network's security is reinforced through its XDPoS consensus mechanism and the use of KYC-compliant Masternodes, which help maintain a trusted and reliable blockchain environment.
Permissioned and commercial-grade capabilities
The XDC Network is built to be both permissioned and commercial-grade, making it suitable for enterprise applications. This hybrid approach allows for private transactions within a secure framework, while still benefiting from the transparency and immutability of a blockchain.
Real-world applications
TradeFinex.org
One of the standout applications of the XDC Network is TradeFinex.org. This platform is designed to assist small and medium-sized businesses in structuring their financial requirements digitally. By using TradeFinex.org, these businesses can easily distribute financial instruments to banks or non-bank funders, leveraging a common distribution standard. This innovative use case demonstrates the network's potential to streamline and enhance international trade and finance processes.
Enterprise solutions
Beyond TradeFinex.org, the XDC Network offers a range of enterprise solutions tailored to meet the needs of businesses engaged in global trade. By providing a blockchain infrastructure optimized for efficiency and security, XDC Network empowers companies to conduct transactions with greater confidence and reduced operational costs.