Cryptocurrency Q&A
What chain is XDC on?
What chain is XDC on?
SumoStrength
Fri Jun 28 2024
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7 answers
1514
Could you please elaborate on the specific blockchain network that the cryptocurrency XDC, or XinFin Digital Contract, is based on? I'm interested in understanding the underlying technology that powers this digital asset and how it integrates with other blockchain ecosystems. Is it a standalone blockchain or is it built on an existing platform like Ethereum or Bitcoin? Furthermore, what are the key technical characteristics and advantages of the XDC blockchain that set it apart from other blockchain solutions? Thank you for your insights.
7 answers
Bianca
Sun Jun 30 2024
This optimization enables it to achieve consensus efficiently through a delegated proof-of-stake (dPoS) mechanism.
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KpopStarletShineBrightness
Sun Jun 30 2024
The dPoS consensus mechanism ensures that transactions on the XDC Network are processed within mere seconds.
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EchoPulse
Sun Jun 30 2024
A notable aspect of the XDC Network is its near-zero gas fees. This means that users can enjoy seamless transactions without significant monetary overhead.
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CryptoLegend
Sun Jun 30 2024
The XDC Network stands as a cutting-edge Layer 1 blockchain, boasting compatibility with the EVM (Ethereum Virtual Machine).
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BlockchainLegend
Sun Jun 30 2024
In addition to swift transactions and minimal costs, the XDC Network also boasts a high number of transactions per second (TPS).
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