Frequently Asked Questions
What Is XDC Network (XDC)?Read More
XDC Network (formerly known as XinFin Network) is a hybrid (public / private) blockchain platform that combines the transparency of public blockchains with the speed and security of private networks. With the help of blockchain technology and state-of-the-art infrastructure, the project intends to provide streamlined financial services to its users.
The protocol’s open-source software uses a delegated-Proof-of-Stake (XDPoS) consensus mechanism, which facilitates fast transactions, interoperability, and cybersecurity. The network can process 2000 transactions per second (TPS), and thanks to interoperable smart contracts and Ethereum Virtual Machine (EVM) compatibility, users can more easily scale their projects.
Who Are the Founders of XDC Network?Read More
XinFin was founded in 2017 and is based in Singapore. The platform's founders are Ritesh Kakkad, Atul Khekade and Karan Bhardwaj. In 2018, however, Bhardwaj resigned to devote more time to his own startup, Elatior Tech.
Ritesh Kakkad is a tech entrepreneur with extensive experience in the blockchain industry. He earned his bachelor's degree in commerce, accounting, and finance from the University of Mumbai in India. Before joining XinFin, he helped establish the solutions and application development firm IndSoft Systems.
Atul Khekade is a skilled computer engineer and programmer who establishes new technology companies and provides funding for emerging platforms on XDC. He was instrumental in the development of MonetaGo, a financial technology firm that works to combat online fraud. On top of that, he was instrumental in the development of Airnetz, a hybrid online-offline travel agency. He graduated from India's Sardar Patel College of Engineering with a degree in IT.
What Makes XDC Network (XDC) Unique?Read More
The XDC Network is an EVM-compatible, layer 1 blockchain that is compatible with the global payment messaging standard, ISO 20022, making it a convenient platform onto which developers and financial institutions can build applications. Additionally, the platform launched the XDCPay app: a web extension with support for some popular browsers, which claims to simplify the user experience for investors and businesses.
XDC wants to address the challenges that early blockchain networks failed to address: low network bandwidth, unreasonably high fees and a poor experience for developers. The platform also supports smart contracts, so developers have the option of building apps and protocols on the blockchain.
It allows for the deployment of layer 2 digital assets (via Origin), and employs sharding to process transactions faster (over 2000 transactions per second).
The platform is an open-source hybrid blockchain for global trade and finance. Thanks to its hybrid design, XDC interacts with both public and private blockchains. The system provides hybrid relay bridges that retransmit transactions into the public network.
How Many XDC Network (XDC) Coins Are There in Circulation?Read More
The blockchain’s native token, XDC, fuels transactional activities and smart contracts on the network, and facilitates cross-border trade. It powers the whole ecosystem and acts as a payment and settlement facility.
Users need XDC tokens to process transactions and pay gas fees on XDC. They can stake their tokens and receive XDC rewards in exchange for processing transactions and contributing to the network’s security. Decentralized applications, or dApps, developed on the platform use XDC as a utility token as well.
XDC has a total supply of 37,705,012,699 coins and a circulating supply of 13,828,679,553 coins, as of April 2023. The token distribution is as follows: rewards for network participants (32.5%); team (25%); ecosystem (15%); hedge pool (10%); pre-placement and token offering (10%); charities (5%); reserves (2.5%).
How Is the XDC Network Secured?Read More
XDC Network (XDC) is secured through an environmentally friendly and highly efficient dPoS consensus algorithm known as XinFin delegated Proof-of-Stake (XDPoS). It’s more advanced and secure than other algorithms, as it leverages the node mechanism and produces blocks more efficiently. The algorithm also features a self-KYC feature, and has KYC implementation on the nodes.
Where Can You Buy XDC Network (XDC)?Read More
Download the CMC mobile app to track the price of XDC in real-time.
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What is the all-time high price of XDC Network (XDC)?Read More
The all-time high of XDC was 0.19387438 USD on 2021-08-21, from which the coin is now down 78.7731014500214%. The all-time high price of XDC Network (XDC) is 0.19387438. The current price of XDC is down 78.7731014500214% from its all-time high.
How much XDC Network (XDC) is there in circulation?Read More
, there is currently 13.90Bn XDC in circulation. XDC has a maximum supply of 0.
What is the market cap of XDC Network (XDC)?Read More
The current market cap of XDC is 572.07M. It is calculated by multiplying the current supply of XDC by its real-time market price of 0.041153517957.
What is the all-time low price of XDC Network (XDC)?Read More
The all-time low of XDC was 0.00015713
, from which the coin is now up 26090.745215426716%. The all-time low price of XDC Network (XDC) is 0.00015713. The current price of XDC is up 26090.745215426716% from its all-time low.
Is XDC Network (XDC) a good investment?Read More
XDC Network (XDC) has a market capitalization of $572.07M and is ranked #142 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze XDC Network (XDC) price trends and patterns to find the best time to purchase XDC.