HomeNewscoinquora.comXinFin Network (XDC) Moves Above 45% in the Past Week

XinFin Network (XDC) Moves Above 45% in the Past Week

- Advertisement -


  • XinFin Network (XDC) has gone up 45% in the past week.
  • The blockchain is phasing out its XDCe ERC-20 token
  • Also, XDC will soon be interoperable with Ethereum compatibility.

XinFin Network’s XDC token has moved up 12.36% in the last 24 hours and 45% over the last week.

At the time of writing, XDC is trading at $0.08113 with a trading volume of $7,569,696.14 according to CoinMarketCap.

XinFin is an enterprise-ready hybrid blockchain. The platform combines the power of public and private blockchains with interoperable smart contracts. Also, the blockchain uses Delegated Proof of Stake (XDPoS).

Of note, XinFin aims to use blockchain to improve the overall deficit in global infrastructure. The protocol uses peer-to-peer transactions driven by community digital assets on an open-source platform. As such, XinFin makes cross-border transactions more secure and transparent.

In addition, XinFin works with governments to eliminate inequalities in global infrastructure development. As a result, the blockchain helps to finance global infrastructure projects that governments are unable to sponsor.

With XinFin investors will be able to bid to finance different infrastructure projects. Also, the blockchain will be able to connect developers and investors allowing them to transact against secured digital assets.

XDC is XinFin’s native token. As such, XDC is the underlying utility that powers XinFin. XDC can be used to settle mechanisms for dApps on the hybrid blockchain. In addition, the token can also be used for  MyContract, TradeFinex, Kramaa, Land Registry, iFactor, Blockdegree, and TurantPay.

Recently, the XinFin community voted to burn 500 million XDCe tokens. The burn will further reduce the circulating supply of XDCe tokens after a 2.1 billion, 300 million, and 200 million token burn.

The next burn is set to reduce the XDCe supply from 2.4 billion to 1.9 billion tokens. However, this is a step towards completing eliminating the XDCe contract. As such, the community was encouraging XDCe token holders to swap them for XDC.

To clarify, XDCe is an ERC-20 token pegged against XDC at 1:1. However, as of December 6 2021, XDCe will no longer be supported by the XDC ecosystem. At the same time, XinFin developers are working to make XDC interoperable. Specifically, XDC will be compatible with the Ethereum ecosystem.

As such, the crypto market is clearly responding positively to all the news and developments around XDC.



Source link

- Advertisement -
profile logo 500x500
Mr Bitcointehttps://www.bitcointe.com/
“Fact You Need To Know About Cryptocurrency - The first Bitcoin purchase was for pizza.” ― Mohsin Jameel
462FansLike
76FollowersFollow
4,567FollowersFollow
5,261FollowersFollow
1,495FollowersFollow
2,230SubscribersSubscribe

Most Popular

bitcoin
Bitcoin (BTC) $ 43,375.00
ethereum
Ethereum (ETH) $ 3,015.81
tether
Tether (USDT) $ 1.00
bitcoin-cash
Bitcoin Cash (BCH) $ 515.61
litecoin
Litecoin (LTC) $ 151.97
eos
EOS (EOS) $ 4.06
okb
OKB (OKB) $ 13.55
tezos
Tezos (XTZ) $ 6.83
leo-token
LEO Token (LEO) $ 2.82
cardano
Cardano (ADA) $ 2.27
monero
Monero (XMR) $ 234.33
stellar
Stellar (XLM) $ 0.279661
chainlink
Chainlink (LINK) $ 24.79
huobi-token
Huobi Token (HT) $ 7.41
tron
TRON (TRX) $ 0.088843
usd-coin
USD Coin (USDC) $ 1.00
dash
Dash (DASH) $ 163.71
neo
NEO (NEO) $ 38.67
iota
IOTA (MIOTA) $ 1.21
nem
NEM (XEM) $ 0.147933
zcash
Zcash (ZEC) $ 112.36
maker
Maker (MKR) $ 2,397.93
paxos-standard
Pax Dollar (USDP) $ 1.00
ethereum-classic
Ethereum Classic (ETC) $ 47.40
vechain
VeChain (VET) $ 0.092073
true-usd
TrueUSD (TUSD) $ 1.00
ftx-token
FTX Token (FTT) $ 56.88
kucoin-shares
KuCoin Token (KCS) $ 10.57
waves
Waves (WAVES) $ 24.06