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XDC Network

XDC Network XDC

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What Is XDC Network (XDC)?

The XDC Network is a blockchain developed to support trade finance and the tokenization of real-world assets (RWAs). An EVM-compatible blockchain, XDC Network utilizes a state-of-the-art Delegated Proof of Stake (DPoS) consensus engine to provide high-level security, fast transaction times and improved scalability. The network features a Layer-2 subnet system allowing users to launch sovereign and privacy-preserving side chains that inherit the security of the XDC mainnet. This system makes XDC Network uniquely equipped to support those who require dedicated blockchain environments for enhanced permissions and control, such as government agencies, financial institutions, and businesses.

As of Jan 6, 2025, there are 300+ XDC Network validator masternode candidates, of which 108 actively operate as validator masternodes, and the remainder operate as standby masternodes. Each masternode operator is required to stake 10M XDC.

In Q4 2024, the XDC mainnet successfully upgraded to XDC 2.0. XDC 2.0 incorporates the theoretical maximum Byzantine fault tolerance security and novel forensics monitoring system into the consensus mechanism. Developed by an expert protocol team led by Professor Pramod Viswanath from Princeton University, XDC 2.0’s cutting-edge compliance technology ensures unprecedented Byzantine fault tolerance (BFT) by holding validators accountable for their actions on an automated yet discretionary basis.

Who Are the Founders of XDC Network?

XinFin, a Singapore-based fintech company providing enterprise-grade blockchain solutions for international trade and finance, was established in 2017 by Ritesh Kakkad and Atul Khekade. XinFin launched the XDC Network. The XDC mainnet went live in 2019.

Kakkad is a serial tech entrepreneur with decades of experience in cloud computing. Khekade, a computer engineer by training, played the leading role at MonetaGo in creating the first permissioned blockchain network for a consortium of the most prominent Indian banks.

Kakkad and Khekade set out to build an enterprise-ready blockchain uniquely suited to liquifying global trade finance. With that overarching goal in mind, they engaged André Casterman, who, after spending 20+ years at SWIFT, now serves in a prominent leadership role for the XDC Network and drives innovation by shepherding various network use cases across traditional finance.

What Makes XDC Network (XDC) Unique?

The XDC Network sets itself apart through its community of participants who make ongoing contributions to its position within the Real World Assets (RWA) and Trade Finance industries.

Notably, XDC Network was the first and only blockchain invited to join the Trade Finance Distribution Initiative(TFDi), a consortium of the world's leading banks and non-bank financial institutions established to bridge the $5 trillion trade finance gap. It was also invited to join the ITFA's Digital Negotiable Instruments Initiative(DNI). Tradeteq was responsible for the world's first trade finance-based non-fungible token(NFT) issuance on the XDC Network in late 2021. In 2023, through the efforts of Tradeteq and Securitize, the XDC Network rolled out its first compliant U.S. Treasury token, USTY, representing blockchain-based versions of shares in a U.S. Treasury bond exchange-traded fund (ETF).

Additional contributions of note include those of SBI Holdings, which entered into a joint venture with TradeFinex, an institutional grade ISO20022 compliant non-custodial protocol for Trade Finance, to expand XDC Network use cases in global economic activities, particularly in trade finance and cross-border payments. TradeTrust, a platform developed by the IMDA in Singapore, also leverages the XDC Network to bring advanced document authentication through a framework that complies with the Model Law on Electronic Transferable Records (MLETR) to enhance the security, transparency, and efficiency of cross-border transactions.

Going forward, XDC Network is positioned to support a suite of RWA products that will make trade finance assets widely accessible to capital markets while enabling finance-starved MSMEs to access the financing they need.

Various teams supporting and utilizing the XDC Network posit that trade finance is the definitive use case for blockchain technology and that public blockchain networks, like the XDC Network, are the vehicle for industry transformation.

AI Analysis

Analyzed on March 1, 2026

What is the XDC Network (XDC) cryptocurrency good for? What are its main use cases?

The XDC Network (XDC) is a hybrid blockchain designed for enterprise-grade applications, combining the benefits of public and private blockchains. It is optimized for high throughput, low fees, and fast finality, making it suitable for businesses, DeFi, and cross-border transactions.

Key Use Cases of XDC Network (XDC):

  1. Enterprise & Business Solutions

    • Smart Contracts & Automation: Businesses can use XDC for automated contracts, supply chain tracking, and digital identity verification.
    • Interoperability: XDC supports cross-chain transactions, allowing seamless integration with other blockchains (e.g., Ethereum, Binance Smart Chain).
    • Regulatory Compliance: The network is designed to meet financial regulations, making it ideal for banks, fintech, and government use cases.

  2. Decentralized Finance (DeFi)

    • Low-Cost Transactions: XDC offers near-zero fees, making it attractive for DeFi applications like lending, borrowing, and trading.
    • Stablecoin & Tokenization: Businesses can issue stablecoins or tokenize assets (e.g., real estate, commodities) on XDC.
    • Decentralized Exchanges (DEXs): XDC supports fast, low-cost trading on platforms like XDC Swap.

  3. Cross-Border Payments & Remittances

    • Fast & Cheap Transactions: XDC enables instant, low-cost cross-border payments, reducing reliance on traditional banking systems.
    • Banking & Fintech Integration: Financial institutions can use XDC for real-time settlements and remittance services.

  4. Supply Chain & Logistics

    • Transparent Tracking: Companies can use XDC to track goods in real-time, ensuring authenticity and reducing fraud.
    • Smart Contracts for Logistics: Automate payments and verify shipments using self-executing contracts.

  5. Government & Public Sector

    • Voting Systems: XDC can be used for secure, transparent voting in elections.
    • Land Registry & Identity Management: Governments can leverage XDC for tamper-proof records and digital identity solutions.

Why Choose XDC Over Other Blockchains?

✅ Hybrid Model: Combines public transparency with private enterprise solutions.
✅ High Throughput: Processes 2,000+ TPS (transactions per second).
✅ Low Fees: Transactions cost fractions of a cent.
✅ EVM Compatibility: Supports Ethereum smart contracts, making it easy for developers to migrate.
✅ Regulatory-Friendly: Designed for compliance with financial laws.

Conclusion

XDC Network is a versatile blockchain that bridges enterprise needs and decentralized finance, offering speed, scalability, and low costs. It is particularly useful for businesses, DeFi, cross-border payments, and supply chain management.

Would you like details on how to use XDC for a specific use case?

Answered by mistral-small-latest (mistral)

What blockchain does XDC Network use? Is it its own blockchain or built on top of another?

The XDC Network operates on its own independent blockchain, not as a layer built on top of another blockchain. It is a public, permissionless, and enterprise-grade blockchain designed for high throughput, low latency, and cross-border transactions.

Key Features of XDC Network:

  1. Native Blockchain: XDC Network is a standalone blockchain, not a sidechain or layer-2 solution.
  2. Hybrid Consensus Mechanism: Uses a Proof-of-Stake (PoS) consensus with a Delegated Proof-of-Stake (DPoS) model for efficiency and security.
  3. Enterprise-Grade: Optimized for B2B and cross-border trade finance, with compliance features.
  4. Interoperability: Supports cross-chain transactions and integrates with other blockchains via bridges.
  5. XDC Token: The native cryptocurrency used for transactions, staking, and governance.

Comparison with Other Blockchains:

  • Unlike Ethereum (Layer 1), XDC is not built on top of another blockchain.
  • Unlike Polygon (Layer 2), it is not a scaling solution for another chain.
  • Unlike Binance Smart Chain (BSC), it is not a fork of Ethereum but a custom-built blockchain.

Use Cases:

  • Trade Finance (via XinFin’s solutions)
  • Smart Contracts & DeFi
  • Cross-Border Payments

So, in summary, XDC Network is its own blockchain, not built on top of another.

Answered by mistral-small-latest (mistral)

Is XDC Network programmable? Does it support smart contracts or decentralized applications?

Yes, the XDC Network is programmable and supports smart contracts and decentralized applications (dApps). Here’s a breakdown of its capabilities:

1. Smart Contracts

  • XDC Network is built on a modified version of Ethereum’s EVM (Ethereum Virtual Machine), meaning it is fully compatible with Ethereum smart contracts.
  • Developers can write, deploy, and execute smart contracts using Solidity (the same language used on Ethereum).
  • The network supports ERC-20, ERC-721, and other Ethereum-compatible token standards.

2. Decentralized Applications (dApps)

  • Since XDC is EVM-compatible, developers can port existing Ethereum dApps to the XDC Network with minimal changes.
  • The network supports DeFi, NFTs, DAOs, and other decentralized applications.
  • Popular tools like Remix IDE, Hardhat, and Truffle can be used for dApp development.

3. Developer Tools & Ecosystem

  • XDC DevNet & TestNet: Available for testing smart contracts before mainnet deployment.
  • XDC Explorer: For tracking transactions and smart contract interactions.
  • XDC Wallet: Supports smart contract interactions.
  • XDC Bridge: Allows cross-chain asset transfers between XDC and other blockchains.

4. Consensus Mechanism & Performance

  • XDC uses a hybrid PoS (Proof-of-Stake) consensus (XDPoS), which is faster and more energy-efficient than Ethereum’s PoW.
  • It offers low transaction fees and high throughput, making it suitable for enterprise and DeFi applications.

Conclusion

Yes, XDC Network is programmable and fully supports smart contracts and dApps, making it a viable alternative to Ethereum for developers looking for lower fees and faster transactions.

Would you like guidance on deploying a smart contract on XDC? 🚀

Answered by mistral-small-latest (mistral)

How fast are XDC Network transactions? What is the typical confirmation time and throughput (transactions per second)?

The XDC Network is designed for high-speed, low-cost transactions, making it suitable for enterprise-grade applications. Here’s a breakdown of its performance metrics:

Transaction Speed & Confirmation Time

  • Typical Confirmation Time: ~2 to 5 seconds (varies based on network congestion).
  • Finality: Transactions are considered final after ~10 seconds (depending on consensus).

Throughput (Transactions Per Second - TPS)

  • Theoretical Max TPS: 2,000+ TPS (under optimal conditions).
  • Real-World TPS: Typically 500–1,000 TPS (depending on network load and node participation).

Key Factors Affecting Performance

  1. Consensus Mechanism: XDC uses a Delegated Proof of Stake (DPoS) model, which ensures fast finality.
  2. Network Congestion: During peak times, confirmation times may slightly increase.
  3. Node Participation: More active validators improve throughput and speed.

Comparison with Other Blockchains

  • Faster than Ethereum (15–30 sec avg. confirmation, ~15–30 TPS).
  • Slower than Solana (~400–65K TPS) but more decentralized.
  • Competitive with Binance Smart Chain (~3 sec confirmation, ~100–300 TPS).

Use Cases Optimized for Speed

  • Supply Chain & Trade Finance (fast settlements).
  • DeFi & Tokenization (low-latency transactions).
  • Enterprise Solutions (high throughput for business applications).

Would you like details on gas fees or specific use cases?

Answered by mistral-small-latest (mistral)

How much data can I store on the XDC Network blockchain? Does it support on-chain data storage?

The XDC Network (formerly known as XinFin Network) is a hybrid blockchain that combines the benefits of public and private blockchains, focusing on enterprise-grade solutions for trade finance, supply chain, and DeFi.

On-Chain Data Storage on XDC Network

  1. Smart Contract Storage

    • XDC supports smart contracts (written in Solidity, similar to Ethereum).
    • Data stored in smart contracts is immutable and persistent on the blockchain.
    • However, storage costs are higher than off-chain solutions, so it's best for critical, small-sized data.

  2. Transaction Data

    • Each transaction on XDC has a limited data field (similar to Ethereum’s data field in transactions).
    • This is useful for storing small amounts of data (e.g., hashes, references, or metadata).

  3. IPFS & Off-Chain Storage

    • For large files, XDC recommends using IPFS (InterPlanetary File System) or decentralized storage solutions like Filecoin.
    • The blockchain can store hashes of the data, ensuring integrity while keeping costs low.

  4. Storage Limits

    • There is no strict limit on the amount of data stored in smart contracts, but gas costs increase with storage usage.
    • For large-scale data, off-chain storage with on-chain verification is more efficient.

Best Practices for Data Storage on XDC

  • Small, critical data → Store directly in smart contracts.
  • Large files → Use IPFS/Filecoin and store only the hash on-chain.
  • Metadata & references → Use transaction data fields.

Conclusion

XDC supports on-chain data storage but is optimized for enterprise use cases rather than massive decentralized storage. For large datasets, a hybrid approach (on-chain hashes + off-chain storage) is recommended.

Would you like help with a specific use case? 🚀

Answered by mistral-small-latest (mistral)

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