XDC Network
C
Crypto
Decentralised Networks
USD 0.051+3.84%
XDC Network
UMushroom community rating:
About
Decentralised Networks
CategoryProof Of Stake
Consensus MechanismL1
L1/L2Other
Sub-cateegoryn/a
Ecosystem2019
Year of creation
Description
XDC Network (C) is a Decentralised Networks crypto coin. The coins can be earned through the process of staking and validating. XDC Network`s origin block was generated on 2019-06-01. More information can be found at https://www.xinfin.org/.
Key Technical Advantages:
XinFinÕs Delegated Proof of Stake (XDPoS) consensus: XinFin Network employs a Delegated Proof of Stake (XDPoS) consensus algorithm, which is a Proof-of-Stake (PoS)-based blockchain protocol. XDPoS offers rigorous security guarantees and fast finality, addressing issues such as transaction inefficiency, long confirmation times, and high energy consumption. Double Validation: XinFin Network uses a double validation process to strengthen security and reduce the likelihood of forks. This feature mitigates common vulnerabilities found in classic blockchains like Bitcoin and Ethereum. Randomization: The XinFin Network consensus protocol incorporates randomization to ensure fairness and prevent handshaking attacks. This enhances the overall security of the network. Fast confirmation time and efficient checkpoints: XinFin Network's consensus algorithm offers fast confirmation times and efficient checkpoints for finality or rebase, addressing the slow confirmation times experienced in traditional blockchains such as Bitcoin and Ethereum. Self-KYC (Know Your Customer) layer for Network Nodes: XinFin Network provides a self-KYC layer when setting up network nodes, which addresses the anonymity issues associated with classic blockchain nodes. This layer helps in maintaining regulatory compliance and ensuring more secure transactions. Content summarized by AI chatbotSource:
https://xinfin.org/docs/whitepaper-tech.pdfKey figures
2.05%1Y
106%3Y
465%5Y
Performance
0/ 01D
0/ 01M
0/ 01Y
Highs/ Lows
30.08.2022
USD 0.18
All Time High
27.68%
% of All Time High
-88.85%All Time
-68.59%1 year
Max drawdown
#67
Ranking by Market Cap
922.91 M
Market cap (USD)
0.00%
% of Market
780.918 B
Category Market Cap (USD)
0.12%
% of Category
38034589286
Circulating Supply
18519012157
Liquid Supply
48.69%
Liquid/ Circulating Supply
N/A
Not Available Currently
Max Supply
N/A
Not Available Currently
Circulating/ Max Supply
47928658
Volume Traded
5.95%
Volume Traded/ Market Cap
Ratings & reviews
Performance:
4.00
Innovation:
5.00
Society:
5.00
Nature:
5.00
Daniel Hornby
Another great ISO 20022 crypto pick. ISO 20022 cryptos tend to follow the price of XRP. However, XDC has largely underperformed XRP over the last year and a half despite being a close substitute. This makes me believe that XDC is undervalued relative to XRP. XDC also facilitates RWA tokenisation.
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