XDC Network (XDC)
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About XDC
XDC Network (XDC) is a hybrid blockchain and a technology company optimized for international trade and finance, renowned for its enterprise-ready, secure, and scalable nature. Created to support smart contracts, high transaction speeds, and secure transactions, XDC Network operates on a decentralized, EVM-compatible Layer 1 blockchain, ensuring transparent and secure transactions that offer users unparalleled control over their assets. With its Delegated Proof of Stake (dPoS) consensus mechanism, XDC Network enables fast transaction times, near zero gas fees, and a TPS of 2000 transactions per second, making it an attractive option for businesses and individuals looking to use blockchain technology. XDC Network's architecture also enables the creation of sovereign sub-networks, allowing for dedicated blockchain environments for enhanced permissions and control, making it suitable for government agencies, financial institutions, and businesses. With its cutting-edge compliance technology and novel 'judiciary branch' in its forthcoming upgrade, XDC 2.0, XDC Network is poised to revolutionize the blockchain industry with its secure, scalable, and highly efficient platform.
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Frequently Asked Questions about XDC Network
What is XDC Network (XDC)?
XDC Network (XDC) is a hybrid blockchain platform that combines the benefits of public and private blockchains. It was formerly known as XinFin and is designed to support a wide range of use cases, including smart contracts and decentralized applications
What is the consensus mechanism used by XDC Network?
XDC Network uses a Delegated Proof of Stake (DPoS) consensus mechanism, which is a more energy-efficient and faster alternative to traditional Proof of Work (PoW) mechanisms. This allows for faster transaction processing and higher scalability.
What are the key features of the XDC Network?
The XDC Network is a highly optimized, EVM-compatible Layer 1 blockchain that features speeds as high as 2000 transactions per second (TPS), and a 2-second transaction time. It also has Know Your Customer (KYC) requirements for Masternodes (Validator Nodes) and utilizes XinFin Delegated Proof of Stake (XDPoS) for a highly scalable, secure, permissioned, and commercial-grade blockchain network.
What is the architecture of the XDC Network?
The XDC Network is a highly optimized, EVM-compatible Layer 1 blockchain that enables the creation of sovereign sub-networks. This architecture allows for dedicated blockchain environments for enhanced permissions and control, making it suitable for government agencies, financial institutions, and businesses.
What is the total supply of XDC tokens?
The total supply of XDC tokens is 37,500,000,000. This supply is fixed and will not be increased, making XDC a scarce asset.
Where can I buy and trade XDC tokens?
You can buy, sell, and trade XDC tokens on major cryptocurrency exchanges, such as Bitfinex, KuCoin, and others.
What are the benefits of using XDC Network?
XDC Network offers users a fast, secure, and scalable blockchain platform that supports a wide range of use cases. It also has low transaction fees, making it an attractive option for businesses and individuals looking to use blockchain technology, but concerned about gas fees.
How can I store my XDC tokens securely?
To store XDC tokens securely, use a reputable cryptocurrency wallet that supports XDC, such as Guarda or SafePal's mobile app. You can also store XDC in a hardware wallet like Ledger or Trezor for added security.
What is the XDC Network's vision for the future?
The XDC Network's vision is to create a decentralized, blockchain-based ecosystem that supports a wide range of use cases and enables businesses and individuals to build, deploy, and manage their own blockchain applications.
What is XDC 2.0 and how will it impact the XDC Network?
XDC 2.0 is a forthcoming upgrade to the consensus mechanism that will further enhance the security of the consensus mechanism and incorporate a novel 'judiciary branch' into the consensus mechanism. It will ensure unprecedented Byzantine fault tolerance (BFT) by holding validators accountable for their actions on an automated yet discretionary basis.
What is the purpose of the 'judiciary branch' in XDC 2.0?
The 'judiciary branch' in XDC 2.0 is a novel feature that will ensure unprecedented Byzantine fault tolerance (BFT) by holding validators accountable for their actions on an automated yet discretionary basis.
What is the minimum stake required to operate a masternode on the XDC Network?
Each masternode operator is required to stake 10M XDC to operate a masternode on the XDC Network.
Is XDC Network a good investment?
XDC Network has a strong potential for growth and adoption, given its unique features and use cases. However, as with any investment, it's essential to do your own research and consider your own risk tolerance before investing in XDC tokens.