XinFin Network (XDC) Price

XDC Token

XDC (XinFin Digital Contract) is the native token of the XinFin Network, serving as the reserve cryptocurrency for all third-party apps on the network. It acts as the protocol token for the XDC Network infrastructure, making it essential for anyone utilizing the network to build apps or integrate cryptographic tokens.

One significant feature of the XDC cryptocurrency is its fixed and non-inflationary total supply, ensuring its stability and long-term value. XDC has a max supply of 37,7B coins, with a current circulating supply of 13,8B coins.

As an integral part of the XinFin Network, XDC is used to fund the development of the network and its ecosystem, including XinFin Scan, XinFin Master, and XinFin Web Wallet.

XDC also plays a crucial role in incentivizing the building of the XinFin Network engine and ecosystem. It serves as a decentralized governance instrument, enabling stakeholders to participate in decision-making processes that shape the network's future.

The XDC coin cannot be mined but can be generated by masternodes, which are responsible for creating, verifying, and finalizing blocks within an epoch. Masternodes are paid with block rewards for their contribution.

Block rewards in XDC are paid out every epoch, which lasts approximately 30 minutes based on the two-second block time.

Unlike Ethereum-based tokens, XDC is not an ERC-20 digital asset, but the native coin of the XinFin Network blockchain, operating under the XDC01 Protocol.

To store XDC, you can utilize the XinFin Web and XDC Android wallet. These crypto wallet products offer secure storage and enable users to send and receive XDC easily.

Masternodes

A XinFin Network masternode acts as a server, contributing computing power to the network by creating and signing blocks. In return, masternodes receive rewards in XDC coins. Running a masternode offers incentives in the form of significant block rewards, which can often exceed the operational costs.

However, to run a masternode, one needs to invest in the XinFin Network by depositing at least 10,000,000 XDC for the long term. Masternode operators are rewarded every epoch (a 900-block period of 2-second block confirmation time, which is approximately 30 minutes).

Smart Contract Capabilities

The XDC protocol supports digital smart contracts for cross-border transactions and real-time settlement at minimal cost. Its capability for asset digitization and tokenization opens up new possibilities for applications in areas such as supply chain, financing, procurement, distribution, and settlement.

For developers, the XDC Network offers a range of tools and resources to facilitate development of decentralized applications (dapps), compatible with EVM – the Ethereum Virtual Machine.

Hybrid Relay Bridges

The XDC Network is a blockchain platform designed to bridge the gap between public blockchain networks and legacy banking systems.

With its focus on interoperability and enterprise adoption, XDC Network aims to facilitate seamless integration between decentralized finance (DeFi) ecosystems and traditional financial systems like ERP (Enterprise Resource Planning), SWIFT (Society for Worldwide Interbank Financial Telecommunication), and other classic banking networks.

By acting as a bridge, the XDC Network enables the transfer and exchange of digital assets and financial data between different blockchain networks and traditional banking systems. This interoperability opens up possibilities for businesses to leverage the benefits of blockchain technology while still being able to interact with existing banking infrastructures.

The XDC Network's approach offers several advantages, such as increased efficiency, transparency, and security in cross-border transactions, supply chain management, trade finance, and other financial activities. It provides a reliable and decentralized platform for businesses to connect with traditional financial institutions, enhancing collaboration and streamlining operations.

XDC Foundation

The XDC Foundation was established in Q1 2021 to support and decentralize influence over the network. The foundation ensures the long-term stability and sustainability of the XDC Network, making it a reliable choice for businesses seeking secure and efficient solutions.

The live XDC Network price is presented on the interactive chart above, allowing you to access the current XDC price statistics and XDC price history. Changelly is also a secure and simple cryptocurrency exchange platform where you can easily buy XDC network tokens with fiat currency or swap your digital assets for other cryptocurrencies.

XDC Network Purpose

The XDC (XinFin) Network is on a mission to solve several problems in the blockchain industry. These problems include network congestion and high transaction fees on the Ethereum blockchain, along with the lack of interoperability with other blockchains.

Additionally, many existing blockchains are highly centralized, which goes against the decentralized nature of the blockchain technology.

Blockchain technology has the potential to revolutionize various industries, including finance, supply chain management, and smart-contracts. However, in order for blockchain to truly compete with mainstream technologies like Visa and MasterCard processors, it needs to handle a high volume of transactions. Currently, Bitcoin can only process around 7 transactions per second, while Ethereum can handle about 15. In comparison, Visa and MasterCard can handle thousands of transactions per second.

To address these limitations, the XinFin Network is actively researching and implementing scaling solutions. One potential solution is on-chain scaling, which involves implementing techniques like sharding and Proof-of-Stake-based consensus. These approaches aim to significantly improve transaction processing speed while ensuring the security requirements of the system are met.

By addressing these issues, the XinFin Network aims to create a more efficient and scalable blockchain infrastructure that can compete with mainstream technologies and support the growing demand for decentralized applications.

Hybrid Design

The XinFin Network is called a hybrid blockchain network because it combines the best features of both private and public blockchain solutions. It operates in a closed ecosystem, providing companies and organizations with the ability to work securely without the risk of information leakage. Additionally, the rules of the blockchain can be changed when necessary, allowing for increased flexibility.

The network is also robust against 51% attacks, as hackers are unable to access the network to carry out such attacks. Furthermore, the XDC chain allows for privacy protection while still enabling communication with the outside world, making it ideal for companies who need to interact with both private stakeholders and the public.

Lastly, the use of hybrid blockchain technology results in low transaction costs, as fewer nodes are required to verify transactions compared to public blockchains. This can significantly reduce transaction fee prices to as low as $0.01 per transaction.

How XDC Blockchain Works

The XDC (XinFin) Network employs a unique architecture and consensus mechanism known as XinFin Delegated Proof of Stake (XDPoS). This system is supported by a network of 108 Masternodes, which ensures security, stability, and chain finality.

Unlike Ethereum, the XDC Network offers significantly lower transaction fees, approximately 1/100 of the fees on the Ethereum network. Additionally, the Network boasts quick transaction confirmation times, with transactions being confirmed within just 2 seconds.

XDPoS, at its core, allows the XDC Network to function as an EVM-compatible and scalable public blockchain. The Network is compatible with all EVM-based smart contracts, protocols, and atomic cross-chain token transfers. As a result, smart contracts and dApps designed for Ethereum can be effortlessly transferred to the XDC (XinFin) Network. At the same time, the XDC Network runs on its own blockchain, which has been live since June 1, 2019.

Dapp developers can create interoperable smart contracts and decentralized software, using both Ethereum and XinFin blockchains within a single product. This is feasible because the XinFin blockchain supports EVM and shares a common architecture with Ethereum, making deployment relatively straightforward.

XDC Consensus Model

The XDPoS consensus mechanism operates through a unique Masternode architecture. To become a Masternode, token holders must deposit 10,000,000 XDC tokens. Within each epoch, which is a specific period of time, Masternodes are selected to create blocks in a round-robin manner, with each Masternode taking turns every 2 seconds.

To ensure security, the double validation technique is employed, where a block is only considered valid if it is signed off by 3/4 of the Masternodes. This reinforces the overall security of the network. At the end of each epoch, Masternodes that have signed off on finalized blocks are rewarded for their contributions.

XDC Network Ecosystem

The XinFin Network has partnered with a variety of companies across different industries, including those in agriculture, robotics, gaming, IT solutions, advertising, pharmaceutical tracking, education and research, payment, communication, name service, food traceability, and tourism.

Brief History of XDC Network

The XDC Network, also known as XinFin, was founded in 2017 by Ritesh Kakkad and Atul Khekade. The project gained traction with its vision to address the inefficiencies in global trade and finance through blockchain technology.

In 2018, XinFin conducted its initial coin offering (ICO), raising funds to further develop its hybrid blockchain platform. The team actively engaged in building partnerships and expanding its network, collaborating with organizations like Ramco Systems and Aeries Blockchain Corporation.

In 2020, XinFin launched the XDC Network and its native token, XDC, to facilitate seamless cross-border transactions, supply chain management, and infrastructure development. With a focus on interoperability and enterprise adoption, XinFin continues to evolve and innovate, offering practical blockchain solutions for real-world use cases.

Historic and current data regarding the XinFin Network price is presented on our interactive chart above.

Current Price of XDC Network Today

XDC is the utility token that fuels XinFin's hybrid blockchain. It acts as a settlement mechanism for decentralized software tools built on the blockchain, and helps in paying transaction fees and in smart contract operations.

Changelly’s interactive chart shows the current price of the XDC Network today, with a 24-hour trading volume, recent price change, current market cap (market capitalization), and overall rank at the crypto market.

Our XDC-USD price chart is updated in real time. We also offer an XDC converter that allows users to easily convert XDC to other cryptocurrencies like Binance Coin or Bitcoin Cash or fiat currencies like USD or EUR.

Changelly provides a secure and efficient platform for buying, selling, and exchanging XDC and other cryptocurrencies at a great exchange rate and immediate order executions.

It's important to note that making accurate price forecasts for cryptocurrencies like the XDC Network coin is challenging and highly speculative. Buying XDC or other cryptocurrencies is risky. It is up to you to decide whether XinFin is a good investment for you.

The cryptocurrency market is influenced by various factors, such as market trends, investor sentiment, regulatory changes, and overall market conditions. Therefore, it is advisable to conduct thorough research, consult financial experts, and use multiple sources of information before making any investment choices or price predictions.