XDC is the native token of the Layer 1 blockchain, XDC Network. It is used to fuel transactions on the network and as a medium of exchange within the ecosystem.
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Published November 28, 2023.
Token name | XDC Network |
Ticker | XDC |
Website | https://xdc.org/ |
Network | XDC Network |
Overview of Network | The XDC Network is an enterprise grade, EVM-compatible, Layer 1 blockchain, designed to help bridge the multi-trillion dollar gap in trade finance. It uses a delegated proof-of-stake consensus engine that allows fast and reliable performance at a low cost to users. Although it was designed for enterprise, the XDC Network is developer-friendly and hosts a wide range of blockchain use cases. |
Circulating Supply | 13,874,682,393 (per CMC) |
Contract Address | N/A |
Pre-Mined Supply | 37,500,00,000 |
Blockchain | XDC Network |
Year in-corporated | June 2019 |
Who owns XDC Network?
The XDC Network is a decentralized, open-source technology that runs on a distributed network of masternodes owned and operated by many unassociated parties. It is not owned by a central authority and is open for everyone to build on and contribute to.
Recent Network Development
The XDC Network continues to see use and development in trade finance through third-party protocols which enable digital documentation and transfer solutions designed to increase access and liquidity within global trade. Participants on the network have used the technology to deploy tokenized assets such as USTY, a security token that tracks a multibillion-dollar U.S. Treasury ETF. Soon, the XDC Network will experience its biggest upgrade yet, XDC 2.0. This new consensus engine and forensics monitoring will make the XDC Network among the best performing and most trusted blockchain technologies in the industry.
To learn more about XDC, visit here.
