Buy XDC Network (XDC)
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:
- Trade Finance: Streamlines processes like letters of credit, invoicing, and supply chain management, reducing costs and mitigating risks.
- Supply Chain Management: Provides transparent tracking of goods to enhance visibility and reduce fraud.
- Cross-Border Payments: Enables fast, low-cost cross-border payments, reducing reliance on intermediaries.
- Tokenization: Facilitates the tokenization of real-world assets, increasing liquidity and accessibility.
- 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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Frequently Asked Questions (FAQs)
What is the current price of XDC Network (XDC)?
The XDC Network price is $0.11972917 AUD, representing a -0.88% from the day prior.
Where is the best place to buy XDC Network (XDC) in Australia?
The best place to buy XDC Network (XDC) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell XDC Network (XDC) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of XDC Network (XDC)?
The trading volume of XDC Network (XDC) is $47.9M AUD in the last 24hrs, representing a -0.88% from the day prior.
How can I buy XDC Network (XDC)?
XDC Network (XDC) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of XDC Network (XDC)?
The current market cap of XDC Network (XDC) is $1.8B AUD.
Can I convert XDC Network (XDC) to cash?
Yes - With Coinstash you can convert your XDC Network (XDC) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many XDC Network (XDC) are there?
The current circulating supply of XDC Network (XDC) is 14.9B.
Is Coinstash a safe place to buy XDC Network (XDC) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling XDC Network (XDC) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.