Question 1

What is the latest price of XDC Network (XDC)?

Accepted Answer

The current price of XDC Network's native token, XDC, is £ 0.24509665.

Question 2

What is the XDC Network?

Accepted Answer

XDC Network is an enterprise-grade blockchain solution particularly optimized for the sectors of international trade and finance. The network is powered by a native coin referred to as XDC. The platform is structured to support advanced features such as smart contracts, rapid transaction times of about 2 seconds, and a highly scalable throughput of 2000 transactions per second (TPS). Moreover, the XDC Network has integrated a Know-Your-Customer (KYC) process to its validator nodes, also known as Masternodes.

Question 3

Who created the XDC Network?

Accepted Answer

The XDC Network was developed and is maintained by XinFin, a software company focusing on blockchain technology. XinFin is spearheading the development of a hybrid blockchain ecosystem that seeks to blend the best features of public and private blockchains to create a secure, efficient, and scalable platform.

Question 4

How Does XDC Network Work?

Accepted Answer

The XDC Network operates on the XinFin Delegated Proof of Stake (XDPoS) consensus mechanism. This mechanism aims to create a 'highly-scalable, secure, permissioned and commercial-grade' blockchain system. It also supports the issuing and trading of the native mainnet token, XDC, and accommodates various real-world use-cases, such as TradeFinex.org. TradeFinex.org assists small-to-medium businesses and institutions to structure their financial requirements in a digital and thoroughly structured way, enabling them to distribute these requirements to bank or non-bank funders using a standard distribution protocol.

Question 5

What Makes XDC Network Unique?

Accepted Answer

XDC Network stands out due to its focus on optimizing international trade and finance through the use of blockchain technology. Its high scalability, fast transaction speed, and support for smart contracts make it particularly suitable in these sectors. This network also sets it apart by implementing a KYC process for its Masternodes, enhancing its security and trustworthiness. Furthermore, the platform's compatibility with real-world use cases, as exhibited by the TradeFinex.org application, adds to its uniqueness.

Question 6

How Is the XDC Network Secured?

Accepted Answer

The XDC Network is secured through the XinFin Delegated Proof of Stake (XDPoS) consensus mechanism. This mechanism enhances the network's security by reducing the chances of malicious activities on the platform. The incorporated KYC process for the Masternodes also plays a crucial role in ensuring a safe and secure network.

Question 7

How much XDC Network is in Circulation?

Accepted Answer

The current circulating supply of XDC, the native coin of XDC Network, is 19.9B out of a total supply of 38.1B.

Question 8

Where Can You Buy XDC Network (XDC)?

Accepted Answer

XDC, the native token of XDC Network, can be bought from the following exchanges: KuCoin, Kraken, Bitstamp, Gate.io. Please remember to carry out due diligence before proceeding with any transaction.

Convert XDC to GBP

Try our Crypto Pro app