XDC Network is a decentralized blockchain platform designed for global trade and finance. It offers features for cross-border transactions, asset tokenization, and decentralized apps, emphasizing interoperability, speed, and low transaction fees.
XDC Network uses the XinFin Delegated Proof of Stake (XDPoS) consensus mechanism, which aims to create a highly scalable, secure, and nearly instant transaction environment. The native cryptocurrency of the XDC Network is the XDC token.
XinFin, the organization behind XDC Network, was co-founded by Atul Khekade and Ritesh Kakkad. The project's inception traces back to 2017 when the team aimed to combine the best attributes of public and private blockchains to create a hybrid architecture.
The public token sale for XDC took place in early 2018.
Since its launch, XDC Network has been focusing on enterprise use cases, particularly in the realms of trade, finance, and remittances. The platform has also been involved in various partnerships to foster global blockchain adoption in the financial sector.
Above are only for introduction, not intended as investment advice.