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XDC Network priceXDC
XDC Network price calculator
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About XDC Network (XDC)
What is XDC Network?
The XDC Network, formerly known as XinFin Network, is a hybrid blockchain platform designed to combine the benefits of both public and private blockchains. Established in 2017 in Singapore by founders Ritesh Kakkad, Atul Khekade, and Karan Bhardwaj, the platform aims to solve problems such as high transaction costs, slow network speeds, and difficult developer experiences that have hindered previous blockchain networks. The network primarily focuses on enhancing financial services and offers a smooth user experience through cutting-edge technology and infrastructure.
Resources
Official Whitepaper: https://xinfin.org/docs/whitepaper-tech.pdf
Official Website: https://xdc.org/
How Does XDC Network Work?
The XDC Network operates on the XinFin Delegated Proof-of-Stake (XDPoS) consensus algorithm. This technology allows the network to handle an impressive 2,000 transactions per second (TPS). In addition to speeding up transactions, XDPoS also improves cybersecurity and allows for interoperability with other blockchain platforms. The network's use of sharding technology further boosts transaction speed, exceeding the 2,000 TPS limit. The XDC Network also supports smart contracts compatible with the Ethereum Virtual Machine (EVM), simplifying the development process for creators.
One standout feature is the network's compliance with the ISO 20022 global payment messaging standard, making it easier for developers and financial institutions to build compliant applications.
What is XDC Network Token (XDC)?
The XDC Network's native cryptocurrency is the XDC token. This token plays a crucial role in validating transactions and governing the network. It serves multiple purposes, allowing users to make transactions, deploy smart contracts, and engage in governance decisions. It essentially fuels all activities within the platform.
Which Factors Affect XDC Network Token (XDC) Price?
The price of the XDC token is influenced by a variety of factors:
- Supply and Demand: As more users join the network and demand for XDC tokens increases, its value is likely to rise.
- Network Development: Technological improvements and updates can have a positive impact on the token's price.
- Market Sentiment: Public opinion can significantly affect the token's value. Positive news can drive up prices, while negative news can have the opposite effect.
- Regulatory Factors: Regulatory changes in the financial sector can impact the token's price.
- Adoption: Institutional and enterprise adoption of the XDC Network can also affect its valuation.
XDC Network's Impact on Finance
The XDC Network is poised to significantly disrupt the financial industry. It offers high-speed transactions, strong security measures, and easy interoperability with global financial standards like ISO 20022. Its features, including its capacity for over 2,000 TPS and low fees, present a superior alternative to conventional financial systems. These attributes make the network highly appealing for adoption among financial institutions, potentially revolutionizing global trade and financial transactions.
Conclusion
In summary, the XDC Network aspires to be a game-changer in the evolving world of global finance and trade. Its blend of speed, security, and interoperability makes it a promising platform for the future of financial services.
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XDC Network Social Data
In the last 24 hours, the social media sentiment score for XDC Network was 3, and the social media sentiment towards XDC Network price trend was Bullish. The overall XDC Network social media score was 2,125, which ranks 470 among all cryptocurrencies.
According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,058,120 times, with XDC Network being mentioned with a frequency ratio of 0.01%, ranking 159 among all cryptocurrencies.
In the last 24 hours, there were a total of 390 unique users discussing XDC Network, with a total of XDC Network mentions of 150. However, compared to the previous 24-hour period, the number of unique users increase by 5%, and the total number of mentions has decrease by 9%.
On Twitter, there were a total of 3 tweets mentioning XDC Network in the last 24 hours. Among them, 0% are bullish on XDC Network, 0% are bearish on XDC Network, and 100% are neutral on XDC Network.
On Reddit, there were 1 posts mentioning XDC Network in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 0% .
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