●The XDC Network is a scalable blockchain technology solution, which supports a variety of use cases, including trade finance asset distribution, tokenization, international payments, non fungible asset creation, decentralised email and decentralised storage.
●The XDC token is the underlying utility token that powers XinFin's Hybrid Blockchain. The XDC token acts as a settlement mechanism for DApps built on the XinFin Hybrid Blockchain.
To date, use cases built around XinFin's XDC utility token are: MyContract, TradeFinex, Kramaa, Land Registry, iFactor, Blockdegree and TurantPay.
● What is XinFin?
XinFin (www.XinFin.org) is a Hybrid Blockchain Network Platform focused on international trade and finance. We have developed a highly scalable, secure, permissioned, and commercial-grade Blockchain architecture. XinFin blockchain is powered by XDC01 protocol, which is built over the first of its kind Hybrid Blockchain architecture to eliminate the inefficiencies in global trade and financing and to enable institutions to provide real-time settlement as well as enabling cross border smart contracts. XDC protocol is architected to support smart contracts layer, KYC/AML layer, and price stability using its hedge pool for existing cryptocurrencies like Bitcoin BTC, Bitcoin cash BCH, Litecoin LTC, and Ripple XRP on its tradefinex.org platform. The XDC protocol also supports FIAT payment methods and will support upcoming nationally issued cryptocurrencies.
● XDC Specifications
XinFin (XDC) has derived a fork out of Ethereum blockchain to enable the following features :
Specifications
Hashing Algorithm: same as in Ethereum, keccak-256
Dev Language : Go, Java, NodeJs
Block time: 2 seconds
Type: XDPoS
Difficulty re-targets each block
ERC 20 compliant token to evolve into its own XDC01 standard with security and scalability
Fully Auditable
One coin is divisible down to 5 decimal places (divisible up to 10-5)
Total coins: 37,500,000,000 XDC
Pre-mine : 100% (80% in Escrow)
Features
Gerant Nodes/Master nodes for quick processing
Lite Nodes/Wallet
Multi-Sig Contracts
API connectivity to IoT devices
Lowest latency times upto a few seconds
Hybrid Public/Private architecture with connectivity to Ethereum and Bitcoin public blockchains
Topic: XinFin Network (Read 53 times)
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