XDC Network(XDC)

What Is XDC Network?

The XDC Network is a blockchain created to enhance trade finance and the tokenization of real-world assets (RWAs). It's a high-performance, Ethereum Virtual Machine-compatible Layer 1 blockchain, meaning it can work seamlessly with Ethereum-based applications. 

Using a delegated proof-of-stake (dPoS) mechanism, the XDC Network offers several key advantages: incredibly fast transaction times, almost negligible gas fees, and a high number of transactions per second (TPS).

The XDC Network's structure makes it secure, scalable, and efficient, perfect for enterprise-grade blockchain applications. It can support a variety of blockchain use cases. One unique feature is its ability to create sovereign sub-networks. This means specific entities, like government agencies or financial institutions, can have dedicated blockchain environments with enhanced permissions and control.

What Is XDC Coin?

The XDC coin is the native cryptocurrency of the XDC Network. It's vital for the network’s operations. Users need XDC coins to pay for transaction fees and to participate in staking. Staking involves holding a certain amount of XDC to support the network's security and operations, which in turn earns rewards.

The XDC coin plays a crucial role in maintaining the network's efficiency and reliability. With its help, the network can process transactions swiftly and securely. Plus, holding and using XDC coins can give you a say in the network's future through staking and governance.

What Network Is XDC?

XDC operates on its unique XDC Network. This network is specifically designed to revolutionize trade finance and asset tokenization. The network’s architecture allows it to handle complex financial transactions and manage digital assets efficiently.

With its EVM compatibility, developers can deploy and interact with decentralized applications (dApps) easily. This means the XDC Network can integrate with existing Ethereum-based solutions, which offers flexibility and scalability that many other blockchains can't match.

What Chain Is XDC On?

XDC is on the XDC Network. This blockchain stands out due to its optimization for trade finance. It's designed to handle large volumes of transactions quickly and securely. The EVM compatibility also means it can interact with a wide range of Ethereum tools and dApps.

The XDC Blockchain's delegated proof-of-stake (dPoS) mechanism ensures that transactions are validated efficiently, reducing the risk of congestion and high fees. This makes it an attractive option for businesses looking to integrate blockchain technology into their operations.

Who Is the Owner of XDC?

The XDC Network was launched by XinFin, a fintech company based in Singapore. XinFin was founded by Ritesh Kakkad and Atul Khekade in 2017. They aimed to provide enterprise-grade blockchain solutions for international trade and finance. The XDC mainnet went live in 2019.

Ritesh Kakkad is a tech entrepreneur with extensive experience in cloud computing, while Atul Khekade, a computer engineer, played a significant role in developing the first permissioned blockchain network for major Asian banks. Together, they created the XDC Network to address the unique needs of global trade finance.

Is XDC a Stable Coin?

No, XDC is not a stablecoin. Stablecoins are cryptocurrencies designed to maintain a stable value, often pegged to a fiat currency like the US dollar. XDC, on the other hand, is a utility token used within the XDC Network. Its value can fluctuate based on market demand and other factors.

As a utility token, XDC is used for transaction fees, staking, and other activities on the network. Its value can rise or fall, making it subject to the same market dynamics as other cryptocurrencies.

Is XDC Coin a Good Investment?

Investing in XDC can be promising, but it's essential to weigh the pros and cons. Here’s a closer look:

Should I Invest in XDC?