A member of The Internet Society & the Bitcoin Community, he is also a blogger on Steemit. His experience with cryptocurrencies including Bitcoin, Dash, Smartcash & Steemit will help him create awareness about XDC Network & its use cases across local African community. Deploy smart contracts, interact with the network, and build innovative dApps usingour comprehensive tools and protocols. Since its origins in 2017, the XDC Network has seen a distributed community of developers, early adopters and advocates serve as champions for the adoption of XDC’s blockchain technology. Named after the galaxy buy bitcoins in the uk for gbp online by a community of XDC developers, the XDPoS consensus protocol upgrade, Andromeda, was implemented in December of 2021.
Staking is open to all, letting holders earn rewards for contributing to network security and transaction validation. Tokenization is another benefit the XDC Network offers — allowing assets like property, commodities, and securities to be represented digitally. These tokens, what is the easiest programming language to learn in 2022 tradable on XDC Network and other compatible blockchains, boost liquidity and accessibility. From day one, XDC Network was built with the long-term purpose of being a reliable, scalable, and secure blockchain upon which users of all shapes and sizes can build their projects. The Ethereum Virtual Machine (EVM) acts as a virtual computer or processor for the Ethereum blockchain. As transactions and functions are executed, the EVM translates data and information for processing.
Low gas fees
As a decentralized public ledger, the Layer 1 XDC Network enables information transparency and provides a distributed, universal ledger of truth – unburdened by central administrative controls or a single point of failure. With XDC serving as the primary brand identity mark, there are many uses for it in writing. He has spent the last 10 years working in the online marketing arena and was the CMO for a large FX brokerage.
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- A software & blockchain developer with Aftica’s biggest exchanges called Golix & Bitpaya, he is also a Community Manager at HouseAfrica.
- His consulting and outsourcing assignments have saved millions of dollars for his clients.
- He is dedicated towards developing alliances and investor management, and aims to bridge the $5 trillion Government infrastructure gap, using XDC Network’s Blockchain applications.
- The primary mission of the XDC Network is to contribute to the growth of the global GDP.
- XinFin’s XDC01 is a hybrid protocol that takes the best parts of Ethereum and IBM’s Quorum platform to provide a solution to the inefficiencies in the global financial markets.
Unprecedented security is critical as the XDC Network continues to add institutional users who may be coinbase exchange shakes up rules as it looks to boost cryptocurrency listings crypto-adverse. Because business interests worldwide may be wary of blockchain technology, the bar for security is even higher. Ahead of its time, XDC 2.0 meets that mark as the first network protocol to include forensic monitoring, outpacing protocols even in the early stages of development. Even Web2 outages, such as the 2021 Meta outage or the more recent CrowdStrike outage that affected business operations worldwide, should concern the blockchain industry.
How Does XinFin Work?
It is a global, open-source, delegated proof of stake consensus network (XDPoS), which enables hybrid relay bridges, instant block finality and interoperability with ISO financial messaging standards. The network’s hybrid (private/public) architecture is designed to support institutional use in trade finance and asset tokenization. Featuring interoperable smart contracts, 2,000 transactions per second, and Ethereum Virtual Machine compatibility, the XDC Network provides a scalable infrastructure for enterprises and independent community contributors. XDC Network is the global, open-source blockchain technology solution built by XinFin. Using a delegated proof of stake consensus (XDPoS), XDC Network supports instant block finality, near-zero gas fees, and smart contracts to support institutional use in trade finance, asset tokenization, and various blockchain based solutions.
The links below will help you connect with the foundation, orient with the supportive XDC community, and offer several ways to learn more about developing on the XDC Network. Roland graduated from Arizona State University with a degree in Computer Programming in 2020. Known in the blockchain space as Quincy Jones, he became somewhat of a “crypto celebrity” from sharing his knowledge and skill on social media and YouTube. His ability to educate and articulate has contributed to his popularity in the crypto space. XDC Network participants maintain top-tier relationships across industries, conducting cutting edge research and software development, so the XDC Network can be first-to-market with innovative concepts and unprecedented use cases.
The trade finance gap has reached $1.7 trillion and small-to-medium-sized enterprises (SMEs) are disproportionately affected. Discover how blockchain technology can enable the transformation of trade finance assets into profitable capital market products. XinFin’s hybrid architecture enables it to support public, private and consortium chains that can be tasked for practically any purpose.
Then, the convenience of a physical card that you can carry anywhere and use with any NFC-enabled smartphone. Block creators are chosen in a circular and sequential order, ensuring every Masternode holder has an equal opportunity to create and sign a block. In the current XDPoS implementation, if a Masternode fails to create a block, there’s a 10-second delay before the next Masternode in the sequence takes its turn. XDC 2.0’s security upgrade will act as judge, jury, and executioner regarding malignant node activity, adding another obstacle for malicious actors hoping to reach that one-third threshold. CoinMarketCap takes a deep dive into a project that aims to tackle some of the most common challenges in blockchain. As of April 25, 2024, there are 312 XDC Network validator masternode candidates, of which 108 actively operate as validator masternodes, and the remainder are standby masternodes.
Its subnets architecture also provides the tools for would-be blockchain users, who have previously been wary of the technology and can now confidently explore its benefits. These subnets will be more secure even than the upgraded XDC Network, as a malicious actor would have to compromise both the XDC mainnet and the subnet to revise the subnet ledger. Since the subnet block header only contains metadata, the subnet block bodies are not checkpointed, and no account or transaction data will become public, even if a subnet were compromised. XDC 2.0 further improves on its earlier version — taking all blockchain security into unprecedented territory — by implementing a systematic forensic monitoring system that includes slashing rogue nodes. “Trade finance is an underappreciated asset class underpinning trillions in goods and services traded…every year. Blockchain technology is uniquely suited to power the financial rails of cross-border trade, and jurisdictions globally are taking notice.”
