Tradeteq was responsible for the world’s first trade finance-based non-fungible token(NFT) issuance on the XDC Network in late 2021. In 2023, through the efforts of Tradeteq and Securitize, the XDC Network rolled out its first compliant U.S. The XDC Network is a blockchain developed to support trade finance and the tokenization of real-world assets (RWAs). An EVM-compatible blockchain, XDC Network utilizes a state-of-the-art Delegated Proof of Stake (DPoS) consensus engine to provide high-level security, fast transaction times and improved scalability.
XinFin Coin Markets
- Various teams supporting and utilizing the XDC Network posit that trade finance is the definitive use case for blockchain technology and that public blockchain networks, like the XDC Network, are the vehicle for industry transformation.
- The next upgrade will focus on integrating more decentralized finance (DeFi) applications, aligning with the community’s goal of expanding use cases in trade finance and supply chain solutions.
- Notably, XDC Network was the first and only blockchain invited to join the Trade Finance Distribution Initiative(TFDi), a consortium of the world’s leading banks and non-bank financial institutions established to bridge the $5 trillion trade finance gap.
- Khekade, a computer engineer by training, played the leading role at MonetaGo in creating the first permissioned blockchain network for a consortium of the most prominent Indian banks.
The cryptocurrency market is also highly volatile, which means it may not be suitable for investors with a low risk tolerance. Various teams supporting and utilizing the XDC Network posit that trade finance is the definitive use case for blockchain technology and that public blockchain networks, like the XDC Network, are the vehicle for industry transformation. Kakkad and Khekade set out to build an enterprise-ready blockchain uniquely suited to liquifying global trade finance. With that overarching goal in mind, they engaged André Casterman, who, after spending 20+ years at SWIFT, now serves in a prominent leadership role for the XDC Network and drives innovation by shepherding various network use cases across traditional finance.
Kakkad is a serial tech entrepreneur with decades of experience in cloud computing. Khekade, a computer engineer by training, played the leading role at MonetaGo in creating the first permissioned blockchain network for a consortium of the most prominent Indian banks. As of Nov 20, XinFin Network has a market capitalization of $612.5 Million and is ranked #90 among all cryptocurrencies. After the token’s launch on Jan 29, 2018, on the Ethereum platform, over 4,564 wallets have acquired XDCE, with a recorded total of 147,181 successful token transactions to date.
- The project is still traded on several exchanges, indicating a sustained interest from the community.
- In 2023, through the efforts of Tradeteq and Securitize, the XDC Network rolled out its first compliant U.S.
- We have developed a highly scalable, secure, permissioned and commercial grade Blockchain architecture.
- It refers to the percentage of the total supply of the cryptocurrency held by the top wallet addresses.
- Overall, it maintains an active presence, with a dedicated user base and continuous engagement in its ecosystem.
With transaction speeds of over 2000 transactions per second (TPS) and minimal transaction fees, XinFin Network offers a scalable and cost-effective solution for businesses. Its energy-efficient consensus mechanism, XDPoS, leverages stakeholder approval voting to resolve consensus issues fairly and democratically. XinFin’s interoperability with legacy systems, other blockchain platforms, and messaging standards make it the language of core banking systems, ERP systems, and more. Historical Market Depth is showing the history of liquidity from the markets for a given asset.
What is XinFin Network?
The XinFin Network’s developer-friendly hybrid architecture provides features such as hybrid relay bridges and an open-source wallet. The XDC Protocol, an interoperable global trade and finance blockchain network, powers it. The network enables digitization, tokenization, and instant settlement of trade transactions, reducing reliance on complex foreign exchange infrastructures. XinFin Network (XDCE) was launched in 2018, created by a team of blockchain enthusiasts led by co-founders Atul Khekade and Rajesh Dhuddu. The project aims to bridge the gap between traditional finance and blockchain technology, focusing on enterprise solutions and cross-border trade.
What was XinFin Coin (XDCE) used for?
This indicates strong performance in XDCE’s price action relative to the broader market momentum. XinFin Network (XDCE) is built for businesses and enterprises looking to leverage blockchain technology for efficient, scalable, and secure transactions. Its target audience includes developers seeking to create decentralized applications (dApps) and DeFi users interested in utilizing its hybrid blockchain infrastructure.
XinFin Network Historical Stats
Going forward, XDC Network is positioned to support a suite of RWA products that will make trade finance assets widely accessible to capital markets while enabling finance-starved MSMEs to access the financing they need. Before engaging in crypto trading, please consult with a financial advisor to ensure it aligns with your financial goals and risk tolerance. Compared to other crypto coins which started the same year as XinFin Network it has above-average trading volume, average volume for the other 804 coins started in 2018 is $14M while XDCE has $23M. XDC is up 12.20% against Ethereum and up 1.52% against Bitcoin in the last 1 month.
What’s the price of XinFin Network now?
You can quickly compare the XinFin price USD rate between five popular exchanges in the table above.View all exchanges XinFin Network (XDCE) is an enterprise-ready hybrid global trade and finance blockchain. It combines the power of public and private blockchains with interoperable smart contracts, making it a highly efficient and flexible solution for businesses. The network is built on a Delegated Proof of Stake (XDPoS) consensus mechanism, which enables instant block finality and interoperability with ISO20022 messaging standards. XinFin Network (XDCE) is widely available on centralized and decentralized cryptocurrency exchanges.
Wealth distribution is an important factor to consider when researching a cryptocurrency. It refers to the percentage of the total supply of the cryptocurrency held by the xdce price top wallet addresses.
The platform aims to bridge the gap between traditional finance and blockchain technology, making it an essential tool for businesses seeking to optimize their operations. By running on its own hybrid blockchain, XinFin combines the benefits of public and private networks, enhancing scalability and security for users. Complete cryptocurrency market coverage with live coin prices, charts and crypto market cap featuring coins on 964 exchanges. CoinCodex tracks 44,000+ cryptocurrencies on 400+ exchanges, offering live prices, price predictions, and financial tools for crypto, stocks, and forex traders. XinFin is a Blockchain technology company focused on international trade and finance.
XinFin Network (XDCE) is poised for significant advancements in its roadmap, with upcoming features aimed at enhancing interoperability and scalability. The next upgrade will focus on integrating more decentralized finance (DeFi) applications, aligning with the community’s goal of expanding use cases in trade finance and supply chain solutions. Additionally, XinFin plans to bolster its partnerships to facilitate broader adoption, further positioning itself as a leading blockchain for enterprise solutions. As the network evolves, it aims to empower businesses with efficient and cost-effective blockchain solutions, driving innovation in various sectors. Please note that technical indicators don’t provide a full representation of what’s happening in the cryptocurrency market. Before making the decision to buy or sell any cryptocurrency, you should carefully consider both technical and fundamental factors, as well as your financial situation.
Additionally, XDCE supports the creation and trading of NFTs, enhancing its utility across diverse digital assets. XinFin Network (XDC) stands out due to its hybrid blockchain technology, which combines the benefits of both public and private blockchains, enabling seamless interoperability. Unlike many cryptocurrencies, XinFin focuses on real-world use cases in trade finance and supply chain management, offering a unique consensus mechanism called XDPoS (XDC Delegated Proof of Stake) that enhances scalability and transaction speed. Its tokenomics is designed to facilitate low-cost transactions, making it a practical solution for businesses seeking efficient blockchain integration. There are 0 cryptocurrency exchanges tracked by CoinCodex where you can convert XDCE to USD.