XDC Network News

The XDC Network, also known as XinFin, is at the forefront of changing global trade finance and enterprise functions using its hybrid blockchain, which helps it stand out among other traditional blockchain platforms. The platform aims to offer enterprise applications the advantages of decentralization through a public blockchain, including regulatory compliance and scalability. Through the XDC network, users can choose whether or not they want to use a private or public blockchain, depending on the data sensitivity level they require.

A major perk of the XDC network is its Delegated Proof of Stake (DPoS) consensus mechanism that allows for fast and energy-efficient transactions. This conservative energy use makes the XDC Network a preferred option to Proof of Work (PoW) blockchains like Bitcoin BTC $61 738 24h volatility: 1.6% Market cap: $1.22 T Vol. 24h: $26.92 B . Since the network can achieve near-instant finality with minimal energy, it has become one of the most eco-friendly enterprise options in the blockchain industry. 

Through the DPoS mechanism, the XDC Network powers several decentralized applications (dApps) that provide a range of services, including asset tokenization. Since it is dedicated to trade finance, the XDC Network facilitates the secure and real-time settlement of trade transactions by allowing financial institutions and other businesses to tokenize financial instruments. Through tokenization, companies can reduce costs and speed processes by trading documents like letters of credit, bills of lading, and invoices on the blockchain.

The XDC Network has its native token XDC $0.03 24h volatility: 0.8% Market cap: $424.85 M Vol. 24h: $3.74 M that is employed to settle transactions, facilitate smart contract executions, and incentivize participants to secure the network.

Explore the XDC Network guide for more details about the blockchain-based trade finance platform.