XinFin Price Chart with XDCE News

Today's XinFin Price Summary

XinFin's price today is $0.03 USD, with a 24-hour trading volume of $9,479,703 USD. XDCE is up 1.47% in the last 24 hours. XinFin is currently ranked #173 with a market capitalization of $418,442,668 USD.

About XinFin

XinFin Network (XDC) is a unique blockchain platform that offers commercial-grade decentralized services. It combines an open blockchain structure with permissioned smart contracts, aiming to address inefficiencies in the trade finance sector. The network's primary objective is to reduce technical barriers that prevent the integration of decentralized services into existing business models.

Compatibility and Integration

One of XinFin's standout features is its compatibility with ISO20022 messaging standards. This compatibility allows it to seamlessly integrate into legacy banking systems, Enterprise Resource Planning (ERP) systems, and SWIFT systems. This flexibility makes XinFin one of the most adaptable enterprise-grade blockchains available today.

Institutional Adoption

XinFin provides large institutions with a regulatory-approved and KYC-integrated network for conducting decentralized operations. Its primary market consists of institutional investment firms looking to incorporate asset tokenization into their business models.

XinFin's Scalability and Energy Efficiency

In terms of scalability, XinFin stands out by providing users with instant block finality and settlement of trade transactions at an impressive rate of 2000 transactions per second (TPS). The network achieves this high performance using a Delegated-Proof-Of-Stake (DPoS) hybrid system.

This DPoS system not only improves scalability but also significantly reduces energy consumption compared to earlier Proof-of-stake and Proof-of-Work networks. By eliminating miners from the equation, XinFin’s PoS system requires just 1/10th of the energy needed to secure Ethereum-based PoW mining operations.

XDC Utility Token

The XDC utility token plays a crucial role within the XinFin Network. It enables developers to execute smart contracts and interact with various network features. Furthermore, XDC serves as a fast cryptocurrency for cross-border transactions and rewards Validators within the network. XinFin also incorporates an ERC-20 version of XDC, known as XDCE, to enable interoperability within Ethereum's DeFi ecosystem.