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XDC Network (XDC) is the 69th largest cryptocurrency in the world by market cap, valued at $1,115,691,326. The current price of XDC Network is $0.02959, which is 1.719% higher than yesterday. Prices have ranged between $0.02953636 and $0.02855568 over the past 24 hours. All prices are listed in US dollars and accurate as of February 03, 2023 09:02 UTC.
eXchange inFinite, better known as XinFin, is a delegated proof-of-stake (dPoS) blockchain network designed as a solution for international commerce, trade and finance. XinFin’s documentation highlights that the largest blockchain networks, Bitcoin and Ethereum, have always been plagued with slow transaction times, high transaction fees and high energy consumption.
eXchange inFinite developed a hybrid blockchain that contains both a public and private network.
The unique hybrid blockchain architecture allows the "highly-scalable, secure and commercial grade" network to tackle cross-border issues associated with global trade.
XDC, or XinFin Digital Contract, is the native token of eXchange inFinite. It is responsible for powering the protocol from an operational and economic perspective. XDC tokens can be used on integrated dApps to purchase goods and services internationally, and are a necessary requirement for users that wish to run master nodes on the network.
In 2021, XinFin entered into a number of partnerships with key players in the eCommerce industry. Shopping.io, a platform that lets users use crypto with eBay, Amazon and other online marketplaces, added XDC to their services. Furthemore, XinFin joined forces with DeFi security protocol HAPI, and was the first blockchain added to the global Trade Finance Distribution (TFD) initiative.
XinFin is also one of the first blockchain companies to launch a decentralized email system. It is known as LedgerMail and was released in August 2021, receiving over 50,000 signups within a week. LedgerMail is focused on vigilant security, encryption and protection against potential data breaches.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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