XDC Network is currently trading at $0.0268, after a price change of 1.70% in the last 24 hours.
Ranked as cryptocurrency #87 by capitalization today, XDC market cap is valued at $329,958,763. XDC trading volume reached $3,193,437 in the last 24 hours. We track cryptocurrency data live in real-time. Make your own forecast on XDC coin price prediction page.
What is XDC Network?
XDC is a cryptocurrency based on the XinFin protocol. XinFin is a hybrid blockchain that combines public and private chains with interoperable smart contracts. The platform is EVM compatible and developed for global trade and Finance. The EVM compatibility allows developers to deploy smart contracts on XDC Chain without many adjustments.
XinFin is secured with the XinFin Delegated proof-of-stake consensus model that powers Hybrid Relay Bridges, instant block finality, and chain interoperability. The algorithm uses stakeholder voting to reach consensus transparently. XDPoS has an in-built KYC feature that vets public masternode holders before participation in the consensus model. XinFin aims to enable investors to channel funds to different infrastructure projects across the globe. The project makes cross-border transactions more efficient while enhancing public and private use cases.
XDC is used in settling transactions in decentralized applications. The token can be staked in the XinFin validator network and is used to deploy smart contracts. There are 12.31 billion circulating XDC tokens from an uncapped supply of 37,705,012,699.
Atul Khekade, Ritesh Kakkad, and Karan Bhardwaj co-founded XinFin in 2017.