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XDC Network is an open-source blockchain protocol launched in 2019 designed to facilitate trade finance, asset tokenisation and decentralised applications (dApps). Its blockchain was designed as a hybrid model that integrates elements from public (permissionless) and private (permissioned) networks, offering transparency while protecting sensitive financial data.
The XDC Network uses a consensus mechanism that’s quite different from most other blockchains. The protocol is called XinFin Delegated Proof of Stake (XDPoS), and it can achieve over 2,000 transactions per second (TPS), near-zero transaction fees and military-grade security.
XDC Network also leverages ISO 20022, a global standard for financial messaging that creates a unified language and structure for electronic data exchange between financial institutions and international payments. This model allows XDC Network to enhance its interoperability with traditional financial systems by providing a compliant and secure system for cross-border transactions.
That said, XDC has several applications in both traditional and on-chain industries, including supply chain management, asset tokenisation, decentralised finance (DeFi), cross-border payments and trade finance.
The XDC token powers the XDC ecosystem, with a total supply of over 37.9 billion tokens. It’s used for transaction fees and network governance and can be staked to support the blockchain’s operations and earn additional rewards.
