HomeCoinsRealTWhat is xDaichain?. xDaichain is a stable payment… | by RealT |...

What is xDaichain?. xDaichain is a stable payment… | by RealT | RealT | Feb, 2021

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RealT

xDaichain is a stable payment blockchain designed for fast and inexpensive stable transactions. xDai is used for transactions, payments, and fees, and STAKE is used to support Proof-of-Stake consensus.

xDai is the ideal cryptocurrency for everyday payments and transactions. The fees are extremely low, the payments are very fast, and the value remains stable at US $1 per xDai (like Dai on Ethereum).

STAKE is a multi-chain staking token designed to secure the payment solution. Staking allows validators on the blockchain to provide transaction consensus and receive staking rewards when they validate transactions.

To put it simply, it’s like Ethereum but faster and cheaper! xDai also allows the use of decentralized exchanges like Levinswap, Honeyswap (swap, yield farming, everything is there!), and soon Agaave.

To do this, several solutions exist to allow everyone to use the functionalities deployed on Ethereum: layer 2 or second layer solutions. To put it simply, it is like building a road above the road with an unrestricted infrastructure, faster and above all less expensive. But to be able to use it, you have to take a bridge in order to cross your cryptocurrencies on the secondary chain.

You will therefore notice that your wallet address on the xDai network is exactly the same as your Ethereum address, this is quite normal since the overlay is created on top of Ethereum. On the other hand, you must imperatively “bridge” your cryptocurrencies in one direction or the other under penalty of never seeing them arrive on your wallet.

In order to fully fulfill RealT’s initial promise to pay daily rent to investors, it has therefore become essential to develop the rental distribution system by switching to a faster and above all much cheaper solution.

MetaMask

By default, MetaMask is configured only on the main Ethereum network. However, with a short and simple manipulation, you can even configure the xDai network to your MetaMask wallet.

1 — Open MetaMask

2 — Click on “Main Ethereum Network” then on Custom RPC

3 — Enter the information of the xDai network in this order:

4 — Finally, save and connect by changing Ethereum mainnet to xDai

AlphaWallet

Even more choices!

And of course in very little time, the official RealT wallet compatible with ETH, xDai, and other L2 implementations!

To do this, go to https://blockscout.com/poa/xdai/faucet, then enter your wallet address and validate. It’s that simple!

2 — Select the quantity of DAI to send to xDai

3 — Validate the transaction

4 — The DAI have been bridged!

OmniBridge — Any type of ERC-20 tokens

And here’s a video recap:

Note that if you choose to claim your rents on Ethereum, the gas (transaction) costs will be at your expense.

Selection menu in your portfolio
Informative message before confirming your choice to receive your rents on xDai
Informative message before confirming your choice to reinvest your rents on the reinvestment property



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