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XinFin or eXchange inFinite is a decentralised, hybrid, interoperable and liquid network. This Delegated Proof-of-Stake Network (XDPoS) provides Hybrid Relay Bridges, Interoperability with ISO20022 messaging standards, and Instant Block Finality to make this hybrid architecture developer-friendly.
To learn what XinFin Network is and what it does quickly, check out this video.
XinFin Network was co-founded by Atul Khekade, Ritesh Kakkad and Karan Bhardwaj, whose work experience and history have been intertwined with the blockchain and crypto.
XinFin Network aims to overcome the following main issues faced in the Ethereum ecosystem:
XDC Token fuels the XDC blockchain and is the utility token that enables users to access global trade by streamlining transactions and supporting various use cases via non-tokenized and tokenised solutions.
Child chains on the XDC01 Protocol let industries build utility tokens. XDC tokens are available on many reputable exchanges, and currently, you can trade XDC Network on Bybit, Gate.io, and Huobi Global.
The XDC token is the utility token of XinFin's Hybrid Blockchain. The XDC token is used as a settlement mechanism for Decentralised Applications generated on the XinFin Hybrid Blockchain.
Another Ethereum-based token of the XinFin Network is called XDCE, which can be traded with XDC at a 1:1 ratio. These two tokens let the token holders feel free to hold tokens in either form for utility.
The following pie chart visualises XDC Tokenomics.
XinFin Network has released its roadmap from 2017 to 2020. However, it’s not been updated since then. Let’s check out the details of XinFin Network's roadmap from 2017 to 2020.
XinFin Network was developed to bring solutions to the problems of traditional finance by creating a permissioned blockchain. It aims to be a solution to the problem of scalability faced in Ethereum and other blockchain platforms.
XinFin Network is based on a system of 108 Masternodes with XinFin Delegated Proof of stake (XDPoS) consensus to provide low transaction fees and 2-second transactions. Processes like double validation, staking through smart contracts and true randomisation ensure security, stability and chain finality.
XinFin has provided a permissioned blockchain platform to streamline trade and payment operations worldwide. The functionality of the XinFin blockchain is based on the public Ethereum (ETH) blockchain and the private Quorum blockchain.
While XinFin Network strives to develop its own ecosystem, it provides unique features regarding its technology and products.
Using the above technology helps XinFin provide the following:
XinFin technology enables the Network to produce the following:
The following table visualises the comparison between XDC and Bitcoin/ Ethereum.
XinFin blockchain has developed the XDC Wallet to enable real-time payment and settlement. Designed on XDC01 Protocol, this wallet provides secure and high transaction throughput to facilitate storing the coins of the XinFin Network, XDC and XCDE.
The users of this wallet, which include retailers, developers and institutions, can get an XDC address and create private keys. The wallet is used to swap or send their XDC or other tokens, buy ENS domains, interact with smart contracts, etc.
To sign-up for the XDC Wallet, you can use Google Play Store, Apple Store or this link: https://ewallet.xinfin.org. Read all about XDC Wallet: The Wallet You Are Looking For!
On a PoS blockchain like the XDC blockchain, staking involves participating in transaction validation. Staking XDC Coins lets users take part in decision-making, which includes voting and generating income.
It’s so easy to stake XDC.
You can buy the XinFin token XDC by following four steps:
The future of the XDC Coin is tightly related to its performance and price. Here’s XDC Coin Price Prediction: Is XDC Network A Good Investment?
XinFin Network has developed a hybrid blockchain to solve the problems with the Ethereum Network and provide faster transactions, lower fees, decentralisation and interoperability. XinFin blockchain relies on Masternodes and an XDPoS consensus to provide its solutions. To learn more about XinFin and the top 1500 crypto projects, visit Cryptologist.
In the following, you can find answers to the frequently asked questions regarding XinFin Network and its native token, XDC.
The paradigm of consortium blockchains is home to the XDC Blockchain. XinFin’s architecture is different from traditional private and public blockchains. XinFin Network’s blockchain is built on the Ethereum codebase to handle the system state, not transaction blocks.
There are various predictions about the price of each XDC token, but here you can get a clear picture of XDC coin price prediction.
Yes, Xinfin Network is the platform developing the XDC token and the XDC Network.
According to crypto experts, analytical charts, and short-term price predictions, XEC is predicted to be a good investment. Remember that it is not investment advice, and you need to do your own research prior to making any investment decisions in a volatile market like crypto.
No. XDC is a mining-free network and does not require intensive mining.