The XDC Network, also known as the XinFin Network, is a blockchain platform that operates on a delegated proof of stake mechanism. It was launched in 2019 by Singapore's XinFin and has since been working to revolutionise business processes, particularly in global trade and finance. The XDC token is the native utility token of the XinFin Hybrid Blockchain, which serves as the settlement mechanism for decentralised applications built on the blockchain. While some sources suggest that XDC is a good investment, others argue that there are other coins that are better investments.
Characteristics | Values |
---|---|
Current Price | $0.04318 |
Price Prediction for 2024 | $0.069 - $0.074 |
Price Prediction for 2025 | $0.0646 - $0.108 |
Price Prediction for 2026 | $0.0911 - $0.153 |
Price Prediction for 2027 | $0.172 |
Price Prediction for 2028 | $0.184 - $0.313 |
Price Prediction for 2029 | $0.274 - $0.457 |
Price Prediction for 2030 | $0.404 - $0.660 |
Price Prediction for 2029 | $0.617 |
Price Prediction for 2030 | $0.8 |
Is XDC a Good Investment? | It is a risky investment but has a higher probability of going up than down. |
What You'll Learn
- XDC coin is part of the XinFin network, which focuses on international trade and finance
- The XDC network is a hybrid blockchain, combining public and private blockchains
- XDC coins are used to fund the tools and expansion of the XinFin network
- XDC is faster and greener than Ethereum
- XDC is a risky investment but has a higher probability of increasing in value
XDC coin is part of the XinFin network, which focuses on international trade and finance
The XDC coin is part of the XinFin network, which focuses on international trade and finance. XDC is the native token of the XDC network and is used to pay transaction fees and smart contract operations.
The XinFin network is a blockchain developed to support trade finance and the tokenization of real-world assets (RWAs). It is a highly optimized, EVM-compatible Layer 1 blockchain that reaches consensus through a delegated proof-of-stake (dPoS) mechanism. This allows for a transaction time of mere seconds, near-zero gas fees, and a high number of transactions per second (TPS).
The XDC network is a secure, scalable, and highly efficient blockchain that powers a wide range of novel blockchain use cases. It provides state-of-the-art infrastructure for enterprise-grade blockchain applications. The network is particularly well-suited for government agencies, financial institutions, and businesses that require dedicated blockchain environments for enhanced permissions and control.
The XDC network has been invited to join several initiatives and consortia focused on trade finance and digital negotiable instruments, including the Trade Finance Distribution Initiative (TFDi) and the ITFA's Digital Negotiable Instruments Initiative (DNI). It has also formed partnerships with organizations such as Tradeteq, Securitize, and SBI Holdings to expand its use cases in global economic activities, particularly in trade finance and cross-border payments.
The XDC coin is used to fund the tools and expansion of the XinFin network, encourage people to join the network, and allow holders to vote on changes to the network. It is currently available for purchase on several centralized crypto exchanges, including Gate.io, Bybit, and MEXC.
While XDC has faced competition from other similar cryptocurrencies and has seen fluctuations in its price since its inception, some analysts predict a long-term increase in its value. According to forecasts, the price of XDC could reach a maximum of $0.660 by 2030.
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The XDC network is a hybrid blockchain, combining public and private blockchains
The XDC Network functions on the basis of a delegated proof-of-stake (XDPoS) consensus mechanism. This mechanism enables hybrid relay bridges, spontaneous block finality, and interoperability for blockchain users. It has a developer-friendly, hybrid architecture that sets it apart from traditional private/permissioned blockchains and public blockchain technologies.
The XDC blockchain's public state is accessible to all network participants, while the private state, which contains a record of transactions, is only accessible to approved members. Smart contracts are kept in the blockchain's public state, and it can also be used to share fundamental account information. The XDC Network offers high-throughput and low-latency transactions, with a capacity of up to 2000 transactions per second.
The XDC Network is powered by the XDC01 protocol, which supports the smart contracts layer and the AML/KYC layer. The native token of the XDC Network is called XDC, and it serves as the base utility token for settling transactions of dApps built on the XDC hybrid blockchain.
The XDC Network focuses on international trade and finance, aiming to create more secure transactions and enable transparency between various parties for interoperable cross-border trade. It has developed a highly secure, permissioned, and scalable commercial-grade architecture, providing financial industries with instant and real-time settlement via smart contracts.
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XDC coins are used to fund the tools and expansion of the XinFin network
The XDC coin is native to the XinFin network and is used to pay transaction fees and facilitate smart contract operations. The network supports smart contracts that enable cross-border transactions and real-time settlements at minimal costs. It also has a high transaction speed, capable of handling up to 2000 transactions per second, catering to businesses that require quick and efficient transaction processing.
The XinFin network is made up of masternodes scattered around the world, which are similar to crypto miners as they confirm transactions. However, becoming a masternode candidate requires a deposit of 10,000,000 XDC, which is a significant amount. The network also features a double validation process, where a transaction is sent to one masternode candidate, and after confirmation, the network chooses another masternode to validate the transaction again. This ensures security and stability and prevents nodes from banding together and dominating the network.
The XDC coin is an integral part of the XinFin network and its operations, and by holding these coins, users can vote on changes to the network.
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XDC is faster and greener than Ethereum
XDC is a delegated proof-of-stake (dPoS) cryptocurrency that improves on Ethereum's features. It is faster and greener than Ethereum, addressing the high cost and slow speed of ETH transactions. Ethereum can only process roughly 15 exchanges per second, while existing tools like Visa and Mastercard can handle 5,000 to 6,000.
The XDC Network is a fast-growing blockchain ecosystem that provides Ethereum-scalable solutions and encourages developers to build real-world decentralised applications and tokenise assets on the most sustainable and energy-efficient networks. It is a perfect scalable smart-contract public blockchain for decentralised apps, token issuances, and token integrations for small and large organisations.
XDC Network is a public Delegated proof of stake network with more than 2000 TPS, addressing Ethereum's major problems while preserving its fundamental protocols. It is compatible with EVM, enticing Ethereum developers and decentralised applications to switch to XDC.
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XDC is a risky investment but has a higher probability of increasing in value
XDC is the native token of the XDC network, a worldwide, open-source blockchain platform that operates on a delegated proof of stake (XDPoS) mechanism. It was launched in 2019 by Singapore's XinFin and aims to revolutionise business processes, especially in global trade and finance.
XDC is a risky investment due to the volatile nature of the cryptocurrency market and the presence of numerous other similar coins. Additionally, the XDC network has fewer use cases when compared to other cryptocurrencies.
However, XDC has a higher probability of increasing in value due to several factors. Firstly, it addresses the high cost and slow speed of ETH transactions, making it faster and more efficient than Ethereum. Secondly, it has a good use case, well-designed tokenomics, an active community, and a solid team behind it. The XDC network also combines the best of both public and private blockchains, making it ideal for institutional applications in trade finance and asset tokenization. Moreover, it has a high transaction speed, capable of handling up to 2,000 transactions per second.
The price predictions for XDC vary, with some sources claiming it could reach a maximum of $0.14 by 2026, while others predict it could go as high as $0.660 by 2030. Wallet Investor predicts that with a 5-year investment, the revenue is expected to be around +517.16%, resulting in a $100 investment being worth $617.16 in 2029.
In conclusion, while XDC is a risky investment, it has a higher probability of increasing in value due to its unique features, strong fundamentals, and positive price predictions.
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Frequently asked questions
XDC is a risky investment, just like any other cryptocurrency. However, it has a higher probability of increasing in value due to its good use case, well-designed tokenomics, active community, and solid team.
XDC is a native utility token that powers the XinFin Hybrid Blockchain. It is used to settle decentralised applications built on the blockchain.
As of August 2024, the price of XDC is around $0.04318.
According to various predictions, the price of XDC in 2025 could be between $0.0646 and $0.108, with an average of $0.0884. By 2030, the price is expected to be around $0.660, with a maximum of $0.8 and a minimum of $0.404.