Convert XDC to CHF

XDC Network is a high-performance, enterprise-grade blockchain platform specifically designed to revolutionize global trade and finance.

Key takeaways

• XDC Network is a hybrid blockchain built for enterprise use, particularly in trade finance, combining the benefits of both public and private networks.
• It utilizes a unique consensus mechanism called XinFin Delegated Proof of Stake (XDPoS 2.0), which is energy-efficient and offers fast transaction finality.
• The network is ISO 20022 compliant, making it interoperable with existing global financial messaging standards and traditional banking systems.
• The native XDC token is used for paying transaction fees, staking to secure the network, and as a medium of exchange within its ecosystem.
• You can trade XDC tokens on major exchanges like BTCC via spot or perpetual contracts.

What is XDC Network? Key Specifications & Tokenomics

XDC Network is an open-source, enterprise-ready blockchain protocol that facilitates seamless, secure, and scalable transactions for international trade and financial applications.

Who created XDC Network (XDC)?

The XDC Network was founded by Atul Khekade and Ritesh Kakkad through the XinFin Fintech Foundation. The project was conceived to address inefficiencies in global trade finance by leveraging blockchain technology. The core team comprises veterans from the finance, technology, and enterprise sectors, aiming to bridge the gap between decentralized networks and traditional financial systems. The development is overseen by the community-driven XinFin DAO, ensuring decentralized governance over the protocol's future direction and upgrades.

How does XDC Network (XDC) work?

The XDC Network operates on a hybrid architecture, blending the transparency of a public blockchain with the permissioned controls needed for enterprise use. Its core engine is the XinFin Delegated Proof of Stake (XDPoS 2.0) consensus mechanism.

• Consensus & Security: In XDPoS, XDC holders stake their tokens to vote for trusted Masternodes. These elected Masternodes are responsible for validating transactions and producing blocks. This model is highly energy-efficient compared to Proof-of-Work and offers near-instant transaction finality (around 2 seconds), which is critical for financial settlements.
• Smart Contracts & Interoperability: The network is fully compatible with the Ethereum Virtual Machine (EVM), allowing developers to port existing Ethereum dApps seamlessly. Crucially, it is ISO 20022 compliant, meaning it can communicate directly with legacy banking systems like SWIFT, enabling asset tokenization and automated settlements.
• Transaction Processing: The network achieves high throughput (over 2000 TPS) with minimal gas fees, making it cost-effective for micro-transactions and large-scale trade finance operations alike.

What makes XDC Network (XDC) unique and valuable?

XDC Network's value proposition is deeply tied to its focus on real-world enterprise adoption, particularly in the multi-trillion-dollar trade finance sector.

• Enterprise-Grade Hybrid Design: Unlike purely public chains, XDC allows for private sub-networks where sensitive business data can be kept confidential while still settling on the public mainnet. This hybrid model is a key selling point for institutions.
• ISO 20022 Compliance: This is a major differentiator. By aligning with the global standard for financial messaging, XDC Network can act as a blockchain bridge for traditional finance, facilitating the tokenization of real-world assets (RWAs) like invoices, letters of credit, and carbon credits.
• Trade Finance Focus: The ecosystem is built with specific tools for trade, such as the TradeFinex platform and various dApps for supply chain finance, which target a market ripe for disruption due to its reliance on slow, paper-based processes.
• High Performance & Low Cost: The XDPoS 2.0 consensus provides the speed and finality required for financial transactions at a fraction of the cost of many other networks, removing a significant barrier to entry for businesses.

What is XDC Network (XDC) used for?

The XDC token is the utility and governance lifeline of the XDC Network ecosystem.

• Network Fees: XDC is used to pay for transaction fees (gas) and smart contract execution on the network.
• Staking & Security: Token holders can stake XDC to participate in network governance by voting for Masternodes or by running a Masternode themselves to earn block rewards, thereby securing the network.
• Medium of Exchange: Within the ecosystem, XDC is used as a payment token for trade finance dApps, settling invoices, and other financial instruments.
• Governance: XDC stakers have voting rights on key protocol upgrades and treasury management decisions through the XinFin DAO.

How Is the XDC Network (XDC) Ecosystem Developing?

The XDC ecosystem is rapidly expanding beyond its core trade finance roots.

• DeFi and dApps: A growing suite of decentralized applications is being built on XDC, including DEXs, lending protocols, and wallet services, broadening its use cases.
• Central Bank Digital Currency (CBDC) Partnerships: XDC Network is actively involved in several CBDC pilot projects and collaborations with financial institutions, exploring its infrastructure for digital currency issuance.
• Interoperability: Through bridges and partnerships, XDC connects with other major blockchains like Ethereum and Polygon, allowing cross-chain asset transfers and liquidity flow.
• Enterprise Adoption: Continued onboarding of banks, fintech companies, and trading platforms onto the network validates its enterprise proposition and drives demand for the XDC token.

How to mine XDC Network (XDC)?

XDC Network cannot be mined in the traditional Proof-of-Work sense. Instead, new XDC tokens are generated as block rewards for Masternodes who secure the network through the XDPoS consensus. To participate in this process, you must stake XDC tokens.

• Run a Masternode: This requires a significant commitment of 10 million XDC tokens as a stake. Masternodes are responsible for validating transactions and creating blocks, earning a portion of the block rewards.
• Delegate to a Masternode: For most users, the practical way to earn staking rewards is to delegate (stake) your XDC tokens to a trusted Masternode operator through the network's official wallet or a supporting platform. You share in the rewards based on your staked amount without the technical overhead of running a node.

How to keep your XDC Coin safe?

Securing your XDC tokens is paramount, given their value and utility within the network.

• Hardware Wallets: For long-term storage of significant amounts, a hardware wallet like Ledger (via third-party apps) or D'CENT is the gold standard. It keeps your private keys offline, immune to online hacks.
• Official Software Wallets: The XDC Wallet (formerly XinPay) is the official desktop wallet developed by the community. For mobile users, XDCPay is a reputable option. Always download wallets from official sources.
• Exchange Wallets: While convenient for trading, keeping large holdings on an exchange is not recommended. Use the secure wallet on a trusted platform like BTCC only for active trading purposes.
• Key Security: Never share your private keys or seed phrase with anyone. Store backups physically in multiple secure locations.

How to buy XDC Coin?

XDC is a popular cryptocurrency listed on many exchanges. However, it is recommended to trade on a major platform like BTCC exchange for higher liquidity and better customer support.

1. Register a BTCC Account: Sign up using your email or mobile number and complete the KYC verification to unlock more features and benefits of the platform.
2. Deposit Funds: Deposit fiat currency (via bank transfer, card, or third-party payment) or transfer USDT from an external wallet into your BTCC account. You can follow this guide.
3. Start Trading: Go to the trading page and search for the spot trading pair XDC/USDT or the perpetual contract XDC/USDT.
4. Place an Order: Enter the amount of XDC you wish to purchase and submit the order. For contract trading, you can also choose to go short (sell) and adjust the leverage multiplier according to your strategy and risk tolerance.
5. Confirm Your Purchase: For spot purchases, check your personal account to see if the coins have arrived. For contract trades, check the trading page to see if your order was filled successfully.