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What is XinFin coin (XDC) and how does it work?

by Financial Economy

XinFin is a hybrid and decentralized blockchain network for global trade and financial transactions. Crafted for enterprise use, this network combines public and private blockchain networks with smart contracts. The XDC token is the underlying asset used in the network. Detailed information about what is XinFin coin XDC, how does it work, how much it costs, how to buy, etc. is in the continuation of the content. You can browse here for information about Band Protocol coin (BAND).

What is XinFin coin (XDC) and how does it work?

XDC Network created by eXchange inFinite (XinFin) is proof of a delegated stake consensus network (XDPoS) that provides hybrid transit bridges, instant block certainty, and interoperability with ISO 20022 financial messaging standards, making XinFin’s Hybrid Architecture developer-friendly. XinFin Digital Contract (XDC) is the digital asset that powers the XDC hybrid blockchain network. The XDC token acts as a resolution mechanism for decentralized applications (dApps) built on the XDC Network.

XinFin uses the XDPos consensus mechanism for commercial use as well as scalability and security considerations. With XDPos, it is also aimed for the community to reach consensus and make fair decisions. Network with ISO20022 standard; It can work in harmony with systems such as SWIFT, TWIST and various banking systems.

The XDC token is the underlying asset used on the network. The staked XDC provides the power needed for decentralized applications built on the network. In addition, XDC tokens are used on platforms such as TradeFinex, MyContract, iFactor, TurantPay.

How much is the XDC price? How to buy XDC token?

The price of XinFin coin (XDC) is around $0.12 as of September 12, 2021. The circulating supply of XDC is 12,294,363,514 units, while the total supply of XDC is 37,694,363,514 units. XDC coin can be purchased from listed cryptocurrency exchanges. But it is necessary to make sure that the stock market is “trusted”.

Caution: The information contained in this content is for informational purposes only. It is not investment advice.

For information about crypto currency: https://en.wikipedia.org/wiki/Cryptocurrency

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