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Short Review XDC Network
Crypto project XDC Network (XDC) is classified as a Blockchain. XDC Network is a Utility token that is hosted on the Ethereum Network. The current total supply is 37.82 B XDC (Circulating Supply + Tokens yet to be released - Burned Tokens).
(XDC)
XDC Price Chart
The launch of XDC token trading took place on 13 April 2018.
Fundraising Rounds
Total amount of funds raised by the XDC Network project is $50.00 M.
| Investment Round | Date | Price | Funds Raised |
| Funding Round | October 3, 2022 | -- | $50.00 M |
XDC Network Investors
XDC Network (XDC) cryptocurrency
The XDC Network is an open-source hybrid blockchain. It specializes in tokenization and is optimized for decentralized finance and international trade. XDC is the main utility cryptocurrency of the XDC network. XDC Coin is a settlement mechanism for DApps built on the XDC network. This cryptocurrency helps small and medium-sized businesses or institutions create their own financial needs in a digital, fully structured manner. Thus, such enterprises can distribute information about their needs to banks or non-bank sponsors using a common distribution standard.
History of the XDC Network project
The XDC Network project was founded back in 2017 in Singapore. The XDC Network Foundation team is represented by people with extensive experience, known and respected in the crypto community. It includes:
- Alan Lai, blockchain engineer at the University of California, Berkeley;
- Ankit Patel, director and responsible for research and development;
- Atul Hekade, an early investor with experience in ecosystem development.
It also includes Ritesh Kakkad, a renowned blockchain strategist, and Sameer Dharap, Vice -President and expert on blockchain applications. Other members of the team are Emerson Sanfilippo, Minu Sarin, Tadashi Yoshida and Confidence Nyirenda.
Advantages of XDC Network
- Hybrid network. The XDC Network is a network that provides hybrid relay bridges, instant block completeness, and compatibility with ISO 20022 messaging standards, making it suitable for hybrid architecture.
- The Consortium's Blockchain Paradigm. This distinguishes the XDC network from both private and public blockchains. The XDC Network offers both. In other words, institutions can connect their private network to the XDC network, but their transactions are verified on the public network.
- High transaction speeds and low fees. The transaction speed on the XDC network is more than 2000 per second, and the commission does not exceed 0.00001 USD.
Disadvantages of the XDC Network
- Incomplete decentralization.The XDC Network project strives to be completely decentralized, but their potential clients are tied to centralization.
