What does XDC Network do?
XDC Network (CRYPTO:XDC) is a hybrid blockchain platform that combines the best features of public and private blockchains. It is designed to be enterprise-grade, scalable, and secure. XDC Network uses a unique consensus mechanism called Delegated Proof-of-Stake (XDPoS) to achieve high transaction throughput and low transaction fees.
XDC Network is used for a variety of applications, including trade finance, supply chain management, and digital payments. Some of the most notable projects on XDC Network include Trade Finance Protocol: A decentralized protocol for trade finance transactions, XinFin Supply Chain Platform: A platform for managing supply chains using blockchain technology and xRapid: A cross-border payment solution that uses XDC tokens to settle payments quickly and securely.
The XDC token is the native cryptocurrency of the XDC Network. It is used to pay transaction fees, secure the network, and participate in governance.