XDC Network (XDC)
Rank #71
Market snapshot
- Price
- $0.027807
- Market cap
- $584.5M
- 24h volume
- $9.7M
- Circulating supply
- 21,020,510,251.25
- Total supply
- 38,089,726,050.3
- Max supply
- N/A
What is XDC Network?
XDC Network is a secure Layer-1 blockchain that supports the development of applications for various use cases, including AI agent commerce and real-world asset tokenization. It aims to enhance transaction efficiency and transparency across multiple industries through its utility tokens.
How XDC Network works
XDC Network operates as a decentralized platform that allows developers to deploy smart contracts and interact with its blockchain. It facilitates machine-to-machine commerce with programmable blockchain payments, enabling seamless integration with existing systems. The network utilizes a Delegated Proof of Stake (XDPoS) consensus mechanism, ensuring efficient transaction processing and security.
Key information
- Symbol
- XDC
- CMC rank
- #71
- Network / platforms
XDC Network
- Categories
- Proof of stake
- Date added
- Apr 12, 2018
Key characteristics
XDC Network features an open-source design, enabling developers to build innovative solutions. It supports the deployment of smart contracts and offers tools for integrating with existing systems. The network is categorized under smart contracts, layer-1, enterprise solutions, and proof-of-stake by CoinMarketCap.
Documented uses
Utility tokens from the XDC Network are designed to improve efficiency, security, and transparency of transactions across several industries.
Official resources
Risks
Digital asset prices can be volatile and can change materially. Users should verify the contract address and network before transferring assets. Self-custody requires secure private-key and recovery-phrase handling. Centralized platforms can involve operational, custody, and counterparty risk. Availability and regulatory treatment can vary by jurisdiction. Transaction finality and reversibility can differ by network.
Transfer and custody notes
Verify the asset name, network, and the destination details before transferring. Verify destination address and network before sending assets. Review the custody method, including self-custody versus a third-party platform. Understand that transfers may be irreversible and that CoinLoom does not confirm exchange availability.
FAQ
- What is XDC Network?
- XDC Network is a Layer-1 blockchain designed for AI agent commerce, programmable stablecoin settlement, and real-world asset tokenization.
- How does XDC Network operate?
- XDC Network allows developers to deploy smart contracts and interact with its blockchain, facilitating machine-to-machine commerce with programmable payments.
- What are the technical features of XDC Network?
- XDC Network features an open-source design, supports smart contract deployment, and is categorized under various tags by CoinMarketCap.
- What are the risks associated with transferring XDC?
- Digital asset prices can be volatile. Users should verify asset and network before transferring assets.
- How can I verify the acquisition of XDC?
- Verify the asset name, network, and destination details before transferring and understand the custody method.
- Where can I find official resources for XDC Network?
- Official resources for XDC Network can be found on their website and GitHub repository.
