What Is Cryptocurrency XDC?
Cryptocurrency XDC is the native token of the XinFin Network, a hybrid blockchain platform designed to bridge the gap between public and private blockchains. Launched in 2018, XinFin focuses on optimizing global trade, finance, and supply chain management through decentralized solutions. XDC serves as the fuel for transactions, smart contracts, and network governance, offering enterprises a scalable, energy-efficient alternative to traditional financial systems.
How Does XDC Work?
XinFin’s blockchain combines the transparency of public blockchains with the privacy features of permissioned networks. Here’s how it works:
- Hybrid Consensus: Uses XinFin Delegated Proof of Stake (XDPoS) for fast, low-cost transactions (2-second block time).
- Interoperability: Supports cross-chain compatibility with Ethereum, Bitcoin, and other networks via bridges.
- Smart Contracts: Enables automated agreements for trade finance, invoicing, and supply chain tracking.
Key Features of XDC
- Hybrid Architecture: Balances transparency and enterprise-grade privacy.
- Low Fees: Transactions cost a fraction of a cent.
- Eco-Friendly: XDPoS consumes 99% less energy than Bitcoin’s Proof of Work.
- Enterprise Focus: Tailored for trade finance, DeFi, and IoT integration.
Benefits of Using XDC
- For Businesses: Streamlines cross-border payments, reduces fraud, and enhances supply chain transparency.
- For Investors: Offers staking rewards (up to 12% APY) and exposure to a $30T+ global trade market.
How to Buy and Store XDC
- Buy: Purchase XDC on exchanges like Bitrue, KuCoin, or HitBTC using BTC, ETH, or fiat.
- Store: Use the XDC Wallet, Ledger (via XinPay), or Trust Wallet for secure holdings.
The Future of XDC
XinFin has partnered with R3 Corda, Mastercard, and Airbus to expand its trade finance ecosystem. As regulatory clarity improves, XDC could become a cornerstone for institutional blockchain adoption.
FAQ About Cryptocurrency XDC
- What is XDC used for? Paying transaction fees, staking, and powering trade finance dApps.
- How to stake XDC? Use XinFin-approved wallets like XDC Web Wallet for passive income.
- Is XDC a good investment? High potential due to real-world utility, but volatile like all cryptos.
- XDC vs. XRP? Both target cross-border payments, but XDC focuses on hybrid blockchain solutions.
