XinFin Network or XDC Network is an enterprise-ready hybrid blockchain that can support interoperable smart contracts and run decentralized applications (dApps) in the finance and global trade sectors. XinFin leverages a Delegated Proof of Stake (XDPoS) consensus mechanism.
The interoperable blockchain network supports Hybrid Relay Bridges for cross-chain communication and interoperability with other blockchain networks. It also enjoys an instant block finality and is among the most energy-efficient blockchain networks in the world, thanks to its public DPoS consensus algorithm.
In addition, the XinFin Protocol enjoys interoperability with legacy systems and blockchain networks. This makes it extremely easy to use for deploying applications related to core banking, ERP, and SWIFT systems.
XDC is the native token that powers the XinFin Network ecosystem. The utility token is used to pay transaction fees, execute smart contracts, and interact with dApps on the blockchain. XDC can also be staked by nodes who wish to participate in the consensus mechanism to help secure the network and validate transactions.
