XDC Network Xdc Price USD

The XDC Network, which used to be called XinFin Network, is an enterprise-grade blockchain that works with EVM and has smart contracts that can be used with other blockchains. The XDC Network is a highly optimised, custom-built fork of Ethereum. It uses a delegated proof-of-stake (dPoS) mechanism to reach consensus, which allows transactions to take less than two seconds, have almost no gas fees, and handle more than 2,000 transactions per second (TPS).

Even though the proof-of-stake consensus mechanism uses almost no energy, validators have to do a small amount of proof-of-work (PoW) when proposing a new block. This makes the network very hard to spam.

On the XDC Network, XDC is the fuel that makes transactions and smart contracts work. At the same time, users have to stake their XDC in order to run validators and help make blocks. This keeps the network safe and secure.

In the next versions of the XDC Network, the security of the consensus mechanism will be improved even more, and a new "judiciary branch" will be added to the consensus mechanism. Pramod Viswanath of Princeton University and Fisher Yu of Hash Laboratories, both of whom are senior advisors to the XDC Foundation, worked with their teams to create cutting-edge compliance technology. This technology will ensure unprecedented Byzantine fault tolerance (BFT) by holding validators accountable for their actions in an automated but still flexible way.

To know more about the XDC Network price prediction, install the top cryptocurrency app CoinGabbar today!