### What is XDC Network?

The XDC Network is a high-performance blockchain platform designed for enterprise use in trade finance and asset tokenization. It uses a hybrid blockchain protocol, which combines the features of public and private blockchains to meet the complex needs of enterprise applications. It is EVM-compatible, allowing seamless integration with Ethereum-based tokens and projects. The network is open-source, decentralized, and specializes in tokenization for real-world decentralized finance.

### How does XDC Network work?

The XDC Network operates using the XinFin Delegated Proof of Stake (XDPoS) consensus mechanism, a hybrid model combining Delegated Proof of Stake (DPoS) and masternodes. Validators perform a small amount of Proof of Work (PoW) when proposing a new block. To become a masternode, validators must stake 10 million XDC tokens. The network supports EVM-compatible smart contracts and integrates advanced blockchain tools for developers, making it highly efficient for enterprise applications.

### What are the potential use cases for XDC Network?

XDC Network has a variety of potential use cases including:

1. **Trade Finance**: Streamlines processes like letters of credit, invoicing, and supply chain management, reducing costs and mitigating risks.
2. **Supply Chain Management**: Provides transparent tracking of goods to enhance visibility and reduce fraud.
3. **Cross-Border Payments**: Enables fast, low-cost cross-border payments, reducing reliance on intermediaries.
4. **Tokenization**: Facilitates the tokenization of real-world assets, increasing liquidity and accessibility.
5. **DeFi**: Supports decentralized lending, staking, and yield farming with low transaction fees.

### What is the history of XDC Network?

The XDC Network was founded in 2017 with the aim of creating an enterprise-ready hybrid blockchain platform. A notable milestone was its integration with TradeTrust for electronic trade document exchange. In September 2024, the network upgraded to XDC 2.0, introducing significant improvements in scalability, security, and regulatory compliance. The XDC Foundation, established in 2021, serves as the community-driven backbone of the network. Throughout its history, the XDC Network has formed strategic partnerships to enhance its technology and market presence.

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