Cryptocurrency Q&A
What network is XDC on?
What network is XDC on?
CryptoWizardry
Sat Jun 29 2024
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7 answers
1444
Could you please elaborate on the network that XDC, or XinFin Digital Contract, is currently operating on? I'm curious to understand the underlying infrastructure that supports this cryptocurrency and its transactions. Is it a public blockchain? If so, which consensus mechanism does it utilize? Additionally, how does it compare to other popular blockchain networks in terms of scalability, transaction speed, and cost-efficiency? Understanding the network foundation of XDC is crucial for assessing its potential and evaluating its position in the cryptocurrency market.
7 answers
KatanaSharpened
Mon Jul 01 2024
By ensuring the security of transactions, it creates a trusted environment for businesses and individuals to conduct financial transactions.
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Lucia
Mon Jul 01 2024
The XDC Network stands as the foundational blockchain within the XinFin ecosystem, tailored specifically for its operations.
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KatanaSwordsmanshipSkill
Mon Jul 01 2024
As the native blockchain, it utilizes XDC as its core utility token, enabling a wide range of functionalities.
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Maria
Mon Jul 01 2024
The network's primary focus is to provide secure transaction solutions for global trade and finance.
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Michele
Sun Jun 30 2024
The scalability of the XDC Network ensures that it can handle a large number of transactions with minimal latency.
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