XDC Network Price(XDC)

People Also Ask: Other Questions About XDC

1. What Does XDC Stand For?

   XDC officially stands for XinFin Digital Contract.

2. What is XDC Used For?

   XDC is used to power network operations on the XinFin platform, as well as for gas fees, to process transactions made on the XinFin network. At the same time, it is used to expand network operations to further its ecosystem of utility, which is focused on innovating the global trade and finance sectors. With a myriad utilities, the latest XinFin price can be monitored real-time on Binance.

   In the DPoS consensus mechanism consistent with the XinFin network, XDC is also staked by validators tasked with the following responsibilities on the network:

   • Converting transactions into blocks.

   • Block broadcasting to the entire network.

   • Staying in sync with the rest of the network.

   • Solving sudden problems that may arise.

3. How Do Network Consensus and Validation Work on XinFin?

   The consensus model called DPoS, an evolved proof-of-stake (Pos) model that democratizes the popular consensus mechanism by allowing all token holders to vote for delegators. These delegators then make decisions that can impact the direction of the entire network. This is why DPoS is seen as the most evolved consensus mechanism, with its support of further scalability and sustainability across the blockchain industry.

4. Who is the XinFin Founder?

   XinFin was founded by three tech entrepreneurs, who launched it in 2018. Atul Khekade, Ritesh Kakkad and Karan Bhardwaj each had their own documented history in blockchain and tech before coming together to form the XinFin network. The Initial Coin Offering (ICO) was deemed a success and the network later launched in 2019. By that time, however, Karan Bhardwaj had already departed to establish a solo tech start-up.

5. What is the Maximum Token Supply of XDC?

   The max total supply of XDC is capped at 37,500,000,000 tokens. At time of writing, 12,305,012,699 XDC coins are in active circulation. 40% of the total supply was initially allocated to the founders, community, core team, and XinFin project advisors. Since its inception, 3% has been released to this group annually, according to the vesting periods. Additionally, 26.7% of the total supply is dedicated to ecosystem and platform development.

6. What Makes XinFin Different From Other Decentralized Networks?

   XinFin was developed to be compatible with legacy financial systems in order to present governments, financial firms and institutions with options to convert to decentralized protocols through the XinFin platform. This assists XinFin in accomplishing its goal of innovating global trade and finance. These and other factors could affect XDC price and other metrics, as the movement of the coin within the network affects its demand.

7. How to Buy XDC?

   Live XDC price is updated in real-time on Binance. XinFin (XDC) is not listed on Binance for trade or service.