XDC is a hybrid blockchain network that uses a delegated proof-of-stake (XDPoS) consensus mechanism. It supports smart contracts and powers decentralized apps (dApps). The network’s native token is called XDC.
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What is the XDC Network?
XDC is a hybrid blockchain network that supports smart contracts using a delegated proof-of-stake (XDPoS) consensus mechanism. This network has a native token called XDC. You can use the XDC token to transact with numerous decentralized apps built on the XDC hybrid blockchain.
There are currently over 12 billion XDC tokens in circulation, and the token has a total market capitalization of about $300 million, according to CoinMarketCap.
### What is XDC Used For?
You can use XDC to transact with apps built on the XDC blockchain. Examples of such apps include Turant Pay, a remittance app, and TradeFinex, a decentralized B2B financing platform.
You can also stake XDC tokens that you already own to earn more tokens as a reward for verifying transactions on the blockchain.
FAQ
No, XDC is not hosted on the Ethereum blockchain. There was previously an ERC-20 token pegged 1:1 to XDC but the team behind the XDC network phased it out in 2021.
You can use XDC tokens for various purposes within the XDC blockchain ecosystem. They are commonly used to make payments across decentralized applications (dApps) built on the network, such as Turant Pay, a remittance platform, and TradeFinex, a decentralized B2B financing solution. Additionally, you can stake XDC tokens to help validate transactions on the blockchain and earn rewards in return.
Yes, the XDC cryptocurrency is fully available for selling and swapping via ChangeNOW.
To help you trade with the lowest fees and get the most out of our service, we offer two options: the classic rate and the fixed one. The classic rate will display the expected amount with the view of the current market situation. However, the actual amount you’ll receive may differ due to the price fluctuations and overall XDC volatility. The fixed-rate option shows the actual amount you are about to receive, and ChangeNOW deals with all risks in this case. Generally, the fixed rate is a bit lower than the classic rate, but you can know the exact numbers before you click the Exchange button!
Feel free to check out our news section below or visit ChangeNOW Blog for the most recent updates in the crypto world.
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