- XDC Network is a hybrid blockchain technology company that runs on the XDC protocol.
- The Network is compatible with the EVM and the ISO 20022 standard and has launched the XDCPay app, a web extension that simplifies the user experience.
XDC Network (XDC) is a hybrid blockchain technology company that concentrates on global trade and finance. It operates on the XDC protocol, which supports smart contracts, has high transaction speed (2000TPS), fast transaction confirmation (2 seconds), and implements KYC for Masternodes (Validator Nodes). The XinFin network aims to build a scalable, secure, permissioned, and commercially viable blockchain network. The network’s native coin, XDC, is the energy for the XDC ecosystem.
The Network was established by three co-founders: Atul Khekade, Ritesh Kakkad, and Karan Bhardwaj in 2017. They all have a lot of knowledge, experience, and expertise in blockchain technology.
What Makes XDC Network Different?
The XDC Network is a layer 1 blockchain that is compatible with the EVM and the global payment messaging standard, ISO 20022, making it a convenient platform for developers and financial institutions to build applications. The platform also launched the XDCPay app: a web extension that works with some popular browsers and claims to make the user experience easier for investors and businesses.
XDC wants to solve the problems that early blockchain networks could not solve: low network capacity, very high fees, and a bad experience for developers. The platform also supports smart contracts, so developers can create apps and protocols on the blockchain.
It enables the deployment of layer 2 digital assets (via Origin) and uses sharding to process transactions faster (over 2000 transactions per second).
The platform is an open-source hybrid blockchain for global trade and finance. Thanks to its hybrid design, XDC interacts with both public and private blockchains. The system provides hybrid relay bridges that transmit transactions to the public network.
Price History of XDC Network?
XDC tokens can be exchanged on centralized crypto platforms. The highest price for XDC is $0.1928, which was attained on Aug 21, 2021 (over 2 years ago). Corresponded to that, the current price is 78.54% below the all-time high price.
The lowest price for XDC Network is $0.0003953, which was registered on Jul 22, 2019. Compared to that, the current price is 10,365.50% higher than the all-time low price.
XDC has a market cap of $575.43 Million. The FDV of XinFin Network (XDC) is $1.57 Billion. This is a theoretical estimate of the maximum market cap, assuming all 38 Billion XDC tokens are in circulation today. It may take several years before FDV is achieved, depending on how the emission schedule of XDC tokens is designed.
Conclusion
XDC Network is a hybrid blockchain technology company that concentrates on global trade and finance. It works on the XDC protocol, which sustains smart contracts, high transaction speed, and KYC for Masternodes. The network aims to build a scalable, secure, permissioned, and commercially feasible blockchain network. The network’s native coin, XDC, is the fuel for the XDC ecosystem.
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions