XDC Network is considered one of the later blockchain platforms and has made a positive change, overcoming the disadvantages that the old blockchain exists, so it has also received a lot of attention from the crypto community.
What is XDC Network?
XDC network is a hybrid blockchain platform, made for multinational business and finance, highly interoperable, supporting global trade and finance, helping to promote automation and transparency in risk distribution and commercial assets.
What is the project trying to achieve?
The XDC network was founded by eXchange inFinite (XinFin) in 2017. Consistency, double validation, random validation, and strong masternode architecture, are among the key determinants of popularity. growing XDC network.
The XDC network has combined the best characteristics of public and private blockchains to create a revolutionary, enterprise-ready hybrid network that promises to disrupt the industry.
The main goal of the XDC network is to enhance the security and transparency of global transactions. In this respect, the XDC network leverages a wide range of decentralized solutions, while facilitating the development of other open-access, enterprise-grade solutions for the industry.
To ensure a democratic foundation, the network implements a Delegated Proof of Stake (XDPoS) consensus, thus enhancing security and privacy instantly. Along with the underlying hybrid blockchain, the XDC network solves some of the key pain points of the blockchain industry such as resource optimization, transaction fee minimization, anonymity, and scalability.
What is unique selling point?
There are 3 main problems that the XDC network aims to solve:
- Network congestion on Ethereum with long transaction times.
- High transaction fees on Ethereum
- Most other blockchains are highly centralized and or not interoperable with the Ethereum network.
Read Full Article: CLICK HERE