Table of Contents
After the successful launch of the XinFin mainnet on Jun 1, 2019, XDC Network introduced the XDC Wallet. This wallet is aimed to be a free, client-side interface enabling the users to connect with the XinFin blockchain.
Using this easy-to-use, open-source platform, the users will generate wallets, and interact with smart contracts, to name but a few of its use cases.
XDC stands For XinFin Digital Contract, which is the digital asset powering XinFin or XDC Network. XDC network is a hybrid blockchain that functions based on delegated Proof-of-Stake (XDPoS) consensus mechanism.
Supporting a variety of use cases, including tokenisation, international payments, non-fungible asset creation, and decentralised email and storage, XDC Network provides a scalable infrastructure for enterprises and independents.
XDC token fuels the XDC network and is the base utility token of the XDC hybrid blockchain. It is worth $.031 while holding the rank #97 of the largest cryptocurrency by market cap.
XinFin (XDC Network) is an enterprise-ready hybrid blockchain with open-source codes optimised for international trade and finance.
XinFin Integrates the power of public and private blockchains with interoperable smart contracts and is completely compatible with EVM. The CDX Network is fuelled by the native coins XDC and XDCE. Learn all about the XDC Network, the XDC Wallet creator.
Retailers can use XDC Wallet to trade by following three simple steps:
Using the XDC Wallet, developers will have access to the following
Using the XDC Wallet, institutions can
XDC Wallet defines itself as a decentralised wallet prioritising security. The following are its most significant features.
A blockchain wallet is a tool by which you can send, receive and manage your cryptocurrencies. It also enables you to store private keys and keep your crypto safe and accessible. If you are new to the crypto space, you can easily find answers to “What are blockchain wallets and how to use them?”.
One of the most secure software wallets (Hot Wallet) to store, manage, monitor and transact your XDC coins is the XDC network wallet.
Currently, the XDC wallet can be used to store:
You can also monitor your XDC tokens by using other wallets listed below.
The new version of the XDC Wallet introduces some changes, including UI/UX and wallet functions. The other prominent features are as follows.
To download the XDC Wallet, Android users can get the app from the Google Play Store. The following image shows what the application looks like on Google Play Store.
Also, you can download the application from the App Store or install a desktop wallet.
XDC Wallet is the official mobile wallet for XinFin and can currently be used for storing two main tokens of the XDC Network, i.e., XDC (the native token of XinFin) and XDCE (an ERC-20 token). After downloading and installing the XDC wallet, depending on your device type, here are a few steps you need to take to use the XDC wallet.
There is something super important you need to be careful about when using the XDC Wallet. You are responsible for getting a backup from your private key and storing it safely to prevent losing your tokens.
XinFin takes no responsibility whatsoever if you lose your tokens, in case you don’t store your private key.
XinFin (XDC) is an easy-to-use, open-source platform providing users with a decentralised and highly secure blockchain wallet.
Since the XDC wallet is not keeping your data and will never manage accounts with sensitive information, such as passwords, private keys, or email addresses, you have control of your data, passwords, and private keys.
XDC Wallet is another decentralised wallet introduced to facilitate access to the XinFin blockchain, storing XDC and XDCE tokens and all the XDC Network offers.
Before using the wallet, you need to learn all about the XDC Network, the platform creating this wallet. Also, check out Cryptologi.st to stay updated about the crypto sphere's ins and outs!
That's all about the XDC wallet you need to know. Now you can find the answer to all your questions about this wallet!
Apart from the XDC, which is the underlying utility token of the XinFin hybrid blockchain, the XDC Network also benefits from another token named XDCE. XDCE is an Ethereum-based token that can be traded with XDC utility tokens at a 1:1 ratio.
Since the Coinbase wallet has not listed and supported XDC tokens, currently, you cannot receive or trade for any XDC tokens.
XDC, a utility token within XinFin's Hybrid Blockchain, may serve as the reserve cryptocurrency for all third-party apps running on the XDC Network.
XDC token fuels the XDC network and comes with a wide range of use cases, including the following.
Not yet. Currently, Trust Wallet does not support XDC tokens, and it only accepts XDCE and other ERC-20 tokens.
You can trade XDC on Bitfinex, Bitrue, Homiex, Stex, Indodax, Hotbit and Mercatox.
Currently, on Oct 30, 2022, each XDC token is worth about $0.031 with a live market cap of 382,104,219 USD and a circulating supply of 12,305,012,699 XDC coins. XDC’s maximum supply is not available.
According to the XDC's latest data, some experts believe each XDC token could be traded at a maximum level of $0.037 with an average price of $0.034 throughout 2022. Check out the XDC coin price prediction from 2022 to 2030.
Yes, it is. Since the XDC network runs an EVM (Ethereum Virtual Machine), all wallets that can add manual EVMs, can also support the XDC crypto network.
MetaMask is used to connect with the Ethereum blockchain, and here are the four easy steps to connect MetaMask to XinFin Network Mainnet (XDC).
Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation, or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation, and legal advice.
© 2022 - Created by Cryptologi.st