What is XDC Network?

Symbol: XDC · Market cap rank: #92

Short answer

XDC Network (XDC) is a cryptocurrency currently ranked #92 by market capitalisation. It is classified as L1, RWA.

Source: isthiscoinascam.com

Overview

XDC Network is a hybrid blockchain technology designed for international trade and finance, utilizing the native coin XDC. It supports smart contracts and is capable of processing 2,000 transactions per second with a transaction time of two seconds. The protocol employs a delegated proof of stake model known as XinFin Delegated Proof of Stake (XDPoS) to ensure scalability and security.

The XDC Chain facilitates various real-world applications, aiming to assist small and medium businesses in managing their financial requirements efficiently. By leveraging platforms like TradeFinex.org, it enables these businesses to connect with bank and non-bank funders through a standardized distribution method. The governance model is based on the involvement of validator nodes within its ecosystem.

Launched: 2019

Headquarters: Singapore

Scam-risk analysis

XDC Network is rated B on isthiscoinascam.com. Is XDC Network a scam?

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