The XDC Network is a highly scalable, delegated proof of stake consensus network (XDPoS), with near-zero gas fees and 2 second block time. Operating the XDC Network is a global infrastructure of Masternodes that completes a KYC and AML process before participating in network consensus. The network’s enterprise-grade architecture provides a high-performance, EVM-compatible blockchain suited to the needs of institutional use in trade finance, enterprise, and tokenization. As an open-source technology, the XDC ecosystem also thrives on a growing community of developers, contributors, and participants.
XDC is the underlying utility token of the XDC Network. Singapore-based XinFin launched the (public/private) mainnet XDC Network in 2019 with the goal of transforming real-world business processes, particularly in the global trade and finance markets. In Q1 2021, the XDC Foundation was established as a legal entity incorporated for the express purpose of supporting the XDC Network, and it relies on the input of community members in order to decentralize its influence. As part of its mission, the XDC Foundation seeks to encourage the development and use of the open-source XDC Network, which is currently being utilized by a variety of third-party operations.
Through its ecosystem of participants and tools, the XDC Network supports ISO20022 compatible messaging systems and provides interoperability with legacy systems, such as ERP, SWIFT, and others. Cross-chain Ethereum based tokens and projects, such as ERC-20 and ERC721, can be migrated to the network, vastly improving scalability, speed, and providing nearly non-existent gas fees. The XDC Network is well-positioned to be a bridge between public blockchain networks and legacy systems.
The XDC Network supports digital smart contracts, which, among other things, can facilitate cross-border transactions and real-time settlement at nearly no cost to the user. The network also allows for asset digitization and tokenization. Distributed Applications (DAPPS) can be leveraged for various applications and business processes in supply chain, financing, procurement, distribution, and settlement. For example, Tradefinex is a marketplace platform that connects global participants of the trade and finance industry, enabling global contracting, financing, payments, and settlements through authorized financial institutions.
A recently published whitepaper showcases the XDC Network’s proposed upgrade to its decentralized consensus engine (XDPoS 2.0). This protocol upgrade forecasts a network with forensics capabilities, accountability and attributability, creating the ability to identify malicious actors with cryptographic integrity directly from blockchain records.
| Document | Description |
|---|---|
| XDC Network Overview | Describes XDC Network key concepts and design principles. |
| Getting Started | Documentation for getting started with XDC Network. |
| Smart Contracts | Tools and resources for smart contract development. |
| Installation and Operation | Illustrates how to set up and operate nodes on the XDC Network. |
| dApp Developers | Development resources and references for dApp developers. This section contains XDC Network API references and provides end-to-end dApp development tutorials. |
Disclaimer: Some notes are derived from Ethereum documents as the XDC Network source code was forked from Ethereum. As the XDC Network evolves, XDC Community Docs will continue to be updated. Here are some websites for reference: