XDC
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XDC

XinFin Network
Cryptocurrency
Website https://xinfin.org/
Browser
OTH RELPs
White Paper
XDC Avg Price
0.00%
1D

$ 0.0593 USD

$ 0.0593 USD

Market Cap

$ 862.824 million USD

$ 862.824m USD

24h trading volume

$ 38.376 million USD

$ 38.376m USD

7d Vol

$ 265.675 million USD

$ 265.675m USD

Circulating supply

14.9329 billion XDC

Related information

Issue Time

2000-01-01

Platform pertained to

--

Current price

$0.0593USD

Market Cap

$862.824mUSD

Volume of Transaction

24h

$38.376mUSD

Circulating supply

14.9329bXDC

Volume of Transaction

7d

$265.675mUSD

Change

24h

0.00%

Number of Markets

115

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XDC Price Chart

Introduction

Markets

3H

0.00%

1D

0.00%

1W

0.00%

1M

+98.02%

1Y

+14.17%

All

+567.22%

No data
AspectInformation
Short NameXDC
Full NameXinFin Digital Contract
Founded Year2017
Main FoundersRitesh Kakkad, Atul Khekade
Support ExchangesBitfinex, Hotbit, Alphaex, STEX, Indodax
Storage WalletXinFin XDC Wallet, Guarda Wallet, MyEtherWallet (MEW)

Overview of XDC

XDC, also known as XinFin Digital Contract, is a type of cryptocurrency that was founded in 2017. It was developed by main founders Ritesh Kakkad and Atul Khekade. XDC can be exchanged on various platforms, including Bitfinex, Hotbit, Alphaex, STEX, and Indodax. The cryptocurrency can also be stored in a few different types of wallets, such as the XinFin XDC Wallet, Guarda Wallet, or MyEtherWallet (MEW). In its nature, XDC is similar to other cryptocurrencies as it is a decentralized digital asset.

Overview

Pros and Cons

ProsCons
Supported by multiple exchangesNot accepted by all exchanges
Multiple wallet optionsWallet compatibility issues
DecentralizedAssociated technology risks
Established in 2017Relatively new compared to some other cryptocurrencies

What Makes XDC Unique?

XDC, or XinFin Digital Contract, stands out in the crowded field of cryptocurrencies through its unique hybrid blockchain technology. While most cryptocurrencies operate on either a public or private blockchain, XDC operates on a hybrid blockchain, which is a combined network of private and public blockchains. This unique infrastructure allows for a balance between transparency and security, as it can offer the privacy of a private network while also providing the transparency and security of a public one.

Another differentiator of XDC is its focus on providing blockchain solutions for global trade and finance. It aims to bridge the gap between decentralized and centralized entities by enabling instant cross-border transactions and reducing the complexity of global trade processes. These are practical applications that some cryptocurrencies forego, opting instead for a more theoretical focus on decentralization and currency.

Moreover, XDC is designed for energy efficiency. Unlike other cryptocurrencies, such as Bitcoin and Ethereum, that use a Proof-of-Work (PoW) consensus mechanism, XDC uses a more energy-efficient consensus mechanism known as XinFin Delegated Proof of Stake (XDPoS), which helps minimize its environmental impact.

How Does XDC Work?

XinFin Digital Contract (XDC) operates under a unique hybrid blockchain technology which combines the advantages of both private and public blockchains. This is different from the majority of cryptocurrencies, which tend to operate exclusively on either a private or public blockchain.

The working mode of XDC is best understood in two parts: the underlying blockchain infrastructure and the consensus mechanism it utilizes.

At the infrastructure level, the hybrid blockchain technology means that XDC transactions can be processed privately on the network's private state, and the hash of these transactions are subsequently stored on the public state. This gives users the option to maintain privacy for their transactions, while still benefiting from the security and transparency of the public network.

Moving on to the XDC consensus mechanism, it uses the XinFin Delegated Proof of Stake (XDPoS) system. XDPoS is a development on the original Proof of Stake model, in which node operators are chosen based on the number of tokens they hold and are willing to 'stake' as collateral. It's designed to provide high transaction throughput, fast transaction times, and energy efficiency. Being delegated, the model adds an additional layer, authorizing certain nodes to validate transactions and create new blocks based on token holders' votes.

Exchanges to Buy XDC

1. Bitfinex: Bitfinex supports XDC/USD and XDC/ETH pairs, allowing users to buy XinFin Digital Contract with US Dollars or Ethereum.

2. Hotbit: At Hotbit, users can trade XDC with Bitcoin and USDT, therefore, it supports XDC/BTC and XDC/USDT pairs.

3. Alphaex: Alphaex provides users a platform to buy or sell XDC using XRP, hence, it supports XDC/XRP pair.

4. STEX: At STEX, XDC can be paired with Ethereum and Bitcoin, hence, it supports XDC/ETH and XDC/BTC pairs.

5. Indodax: At Indodax, users can buy XDC using Indonesian Rupiah, hence, it supports the XDC/IDR pair.

How to Store XDC?

Storing XDC tokens involves sending them to a digital wallet designed to hold cryptocurrencies. A digital wallet is a software application that allows users to securely store, send, and receive digital currencies. To store XDC tokens, you need to use a wallet that supports this type of cryptocurrency.

Here are some wallet options for XDC: XinFin XDC Wallet\Guarda Wallet\MyEtherWallet (MEW)\Ledger Wallet\Metamask.

How to store?

Should You Buy XDC?

The XinFin Digital Contract (XDC) is suited for various types of investors with different objectives. However, it may particularly appeal to those who:

1. Believe in the Potential of Hybrid Blockchain Technology: XDC's unique hybrid blockchain combines the transparency, security of public blockchains with the privacy and speed of private ones. Those who seek to invest in innovative, differentiated technology may find XDC attractive.

2. Invest in Energy-efficient Blockchain Solutions: XDC's XinFin Delegated Proof of Stake (XDPoS) consensus mechanism is more energy-efficient compared to cryptocurrencies that use Proof of Work. If the environmental impact of cryptocurrencies is a concern, XDC offers a more sustainable alternative.

3. Want Exposure to Crypto Space: XDC can be one way to gain exposure to the digital asset class. However, as with all cryptocurrency investments, it should ideally form only a part of a diversified investment portfolio.

User Reviews

More

5 ratings

Participate in evaluation
leofrost
In my personal review of XinFin Digital Contract (XDC), I find its hybrid blockchain platform intriguing, targeting both enterprise and public applications. XinFin aims to provide fast and cost-effective transactions for global trade and finance. The use of delegated proof-of-stake (DPoS) consensus and the focus on interoperability enhance its versatility. Staying informed about XinFin's partnerships, real-world adoption, and developments in the blockchain space can provide valuable insights into XDC's ongoing relevance.
2023-11-24 12:32
5
Dazzling Dust
The XDC (XDC) network is secured with an environmentally friendly and highly efficient dPoS consensus algorithm called XinFin Authorized Proof of Stake (XDPoS). It is more advanced and more secure than other algorithms because it exploits the mechanics of nodes and generates blocks more efficiently. The algorithm also has automatic KYC functionality and KYC implementation on nodes.
2023-09-08 07:12
6
Windowlight
XDC, the native token of the XinFin network, emphasizes enterprise use cases and efficient cross-border transactions. It's an interesting blockchain project, but its adoption in the business sector and partnerships will be crucial to its long-term success.
2023-11-06 02:33
4
Dory724
XDC aims for hybrid blockchain solutions. It caters to trade finance but contends with broader enterprise blockchain options. Adoption is key to its success.
2023-11-28 18:11
9
Ochid007
$ XDC big ticket gem next bull run . Even from here easy 10X
2023-10-29 10:26
7