The XDC Network, launched by the XinFin Foundation, adopts a hybrid blockchain design that combines the openness of public chains with the privacy protection of private chains, focusing on serving international trade, financial settlement, and supply chain management. Its native token XDC is used for paying transaction fees, deploying smart contracts, and staking, supporting the efficient operation of small and medium-sized enterprises globally.
XDC adopts a hybrid architecture, allowing enterprises to deploy private sub-chains to protect data privacy; it uses Delegated Proof of Stake (DPoS) consensus, with fast transaction confirmation speeds and TPS exceeding 2,000 transactions; it is compatible with the Ethereum Virtual Machine (EVM), allowing developers to directly use Solidity to write smart contracts; transaction fees are extremely low, approximately one ten-thousandth of a dollar, making it suitable for a large number of cross-border transactions; it also supports cross-chain interoperability with chains like Ethereum and Bitcoin.
XDC Network focuses on practical implementation and covers important scenarios in the global trade finance sector:
Recently, XDC has accelerated its integration with the R3 Corda platform, being included in the list of multiple compliant custody service providers, and promoting XDC-based B2B financial solutions in Singapore and the UAE, marking a gradual expansion of its commercial applications.