What is XinFin Network?
eXchange inFinite (XinFin), is a Delegated Proof of Stake Consensus network (XDPoS), enabling Hybrid Relay Bridges, Instant Block Finality and Interoperability with ISO20022 messaging standards, making XinFin's Hybrid Architecture Developer friendly.
XinFin XDPoS Hybrid Network, Powered by XDC Protocol
Interoperable Blockchain Network for Global Trade & Finance which enables Digitization, Tokenization and instant settlement of trade transactions, increases efficiency and reduces reliance on complex FX infrastructures, allowing for increased flexibility in liquidity management for financial institutions.
XinFin (XDC) Public XDPoS Consensus
Delegated Proof of Stake (also known as XDPoS) is a consensus algorithm used to sustain digital democracy throughout the XinFin (XDC) Hybrid Blockchain Network.
XinFin's XDPoS mechanism is a decentralized way of validating transactions that occur on XinFin's (XDC) Hybrid Blockchain and appending those to the truth ledger. Unlike alternative consensus algorithms, XinFin's Delegated Proof of Stake uses of real-time voting to elect a pool of validators (or delegates).
The network validators are responsible for preserving the sanctity of XinFin's (XDC) Hybrid Blockchain Network. The robust nexus ensures the security of the Blockchain.
• Validators are responsible to validate and convert the transactions created by the producers into legitimate blocks.
• Validators are responsible for broadcasting these blocks throughout the Hybrid Blockchain network.
• Validators must keep their node in sync with the Hybrid Blockchain network at all times.
• Validators are responsible for solving any unforeseen network issues in a manner that is free, fair and democratic.
• Validators are responsible for keeping the network secure by operating in accordance to the above-mentioned expectations.
XDC Utility
The XDC token is the underlying utility token that powers XinFin's Hybrid Blockchain. The XDC token acts as a settlement mechanism for DApps built on the XinFin Hybrid Blockchain.
To date, use cases built around XinFin's XDC utility token are: MyContract, TradeFinex, Kramaa, Land Registry, iFactor, Blockdegree and TurantPay.
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About XinFin Network
XinFin Network is an enterprise ready hybrid blockchain for global trade and finance. Combining the power of Public & Private blockchains with Interoperable Smart Contracts. To learn more about XinFin Network, please visit their website, follow their Twitter and join their Telegram.
