Xinfin Coin is a decentralized cryptocurrency that operates on the XDC Network, a high-performance blockchain platform. The XDC Network is designed to provide fast and secure transactions, with a focus on scalability and usability.
The XDC Network has a unique consensus algorithm that allows for high transaction speeds, with the ability to process over 1,000 transactions per second. This is made possible by the network's use of a Delegated Proof of Stake (DPoS) consensus mechanism.
Xinfin Coin has a total supply of 21 billion coins, with a circulating supply of around 10 billion coins. This is a significant factor in the coin's market capitalization.
The XDC Network has a strong focus on usability, with a user-friendly interface and a range of tools and services to support developers and users.
What Is XDC
XDC, short for XinFin Digital Contract, is the fuel token that powers the XDC hybrid blockchain network. It's used for paying transaction fees and smart contract operations.
The XDC token acts as a settlement mechanism for decentralized applications (dApps) built on The XDC Network. It's also used for staking to participate in XinFin's validator network and for deploying smart contracts.
XDC's headquarter is located in Singapore, which has a very favorable regulatory environment. This is a significant advantage for the platform.
The XinFin mainnet went live in June 2019, becoming one of the first smart-contract blockchains to use proof-of-stake (PoS) consensus. This milestone marked a significant achievement for the platform.
XDC can be easily staked to participate in XinFin's validator network and for deploying smart contracts. This feature allows users to be part of the network's decision-making process.
XDC is the fuel token that powers the XDC hybrid blockchain network, making it a crucial component for the platform's operations.
XDC Market Data
XDC is currently trading at $0.0960, with a 24-hour trading volume of $11,096,530.
The price has plummeted by 4.14% in the last day and decreased by 2.39% in the last 7 days.
XDC's market capitalization is $1,433,917,929, with a circulating supply of 14,932,919,360 coins.
It's currently ranked #64 on the market.
The XDC price is 50.47% below its all-time high, and 61,010.52% above its all-time low.
You can buy or sell XDC on popular exchanges like Binance, Kucoin, and Kraken.
XDC Price and Returns
The current price of XDC Network is $0.0960, which is a significant drop of 4.14% in the last day.
XDC Network's market capitalization is $1,433,917,929, making it a notable player in the market.
Its trading volume in the last 24 hours is $11,096,530, indicating moderate activity.
In the last 7 days, XDC price has decreased by 2.39%.
You can find XDC Network listed on popular exchanges like Binance, Kucoin, and Kraken.
Here's a summary of XDC Network's price and returns:
XDC Network's price is 50.47% below its all-time high, and 61,010.52% above its all-time low.
You can keep your XDC Network safe using secure hardware wallets like Ledger and Trezor.
Frequently Asked Questions
Does XDC have a max supply?
XDC has a maximum supply of 37.95 billion coins. This is the total number of XDC that will ever exist.
Featured Images: pexels.com
