XDC Trading Competition link

Event Duration: 31 March 2021, 17:00 KST — 12 April 2021, 23:00 KST

Prize Pool: 763,116 XDC

Event eligibility requirement: A minimum of 100 PROB must be staked in order to be eligible for this event and staked PROB can’t be decreased during the competition duration.

Stake PROB: https://www.probit.com/en-us/stake/PROB

Staking guide: https://support.probit.com/hc/en-us/articles/360039717011-How-to-Stake-PROB

⯈ Trade XDC, Earn XDC

A trading competition will be held for XDC/KRW, XDC/USDT and XDC/ETH trading pairs. A total of 763,116 XDC will be distributed to the Top 20 volume traders in this order.

• 1st place: 47,313.19 XDC
• 2nd place: 46,359.29 XDC
• 3rd place: 45,405.40 XDC
• 4th place: 44,451.50 XDC
• 5th place: 43,497.61 XDC
• 6th place: 42,543.71 XDC
• 7th place: 41,589.82 XDC
• 8th place: 40,635.92 XDC
• 9th place: 39,682.03 XDC
• 10th place: 38,728.13 XDC
• 11th place: 37,774.24 XDC
• 12th place: 36,820.34 XDC
• 13th place: 35,866.45 XDC
• 14th place: 34,912.55 XDC
• 15th place: 33,958.66 XDC
• 16th place: 33,004.76 XDC
• 17th place: 32,050.87 XDC
• 18th place: 31,096.97 XDC
• 19th place: 30,143.08 XDC
• 20th place:27,281.39 XDC

*Earn lower trading fees by staking PROB

Read original article in detail: https://medium.com/probit-exchange/xinfin-xdc-trading-competition-2194e52dcef5

XDC Token Utility

At its core, XDC is the native fuel of The XDC Network. It is like ETH on Ethereum. XDC acts as a staking mechanism to run validator masternodes. XDC powers all applications deployed on the network and acts as a utility settlement token for those apps. XDC is the basic fuel for smart contracts, applications, payment confirmations.

For example, many applications, including BlockDegree, use payment in the XDC token to store immutable educational exam certificates with their identity on the networkwhile providing actual storage on IPFS. The TradeFinex protocol uses XDC tokens to record smart contract payment obligations. It covers risk and acts as collateral for tokenized invoices or other instruments related to international trade finance. XDC is used as a utility settlement token for any contract deployed through MyContract and is also used for contract creation fees.

Beyond this, many Ethereum-based applications can deploy their smart contracts on The XDC Network as a part of their multi-chain strategy. All those contracts would use XDC as the native fuel. XDC utility page.

About XinFin

XinFin Network, an enterprise-ready hybrid Blockchain Network optimized for international trade and finance. The XinFin network is powered by the native coin called XDC. The XDC protocol is designed to support smart contracts,near-zero GAS fees, 2,000 transactions per second (tps), 2 seconds transaction time, KYC to Masternodes (Validator Nodes) more to provide a powerful platform for both enterprise and retail use cases. 95%+ Network Nodes run by the Community members makes the Network fully Decentralized. XinFin Network is a partner of the R3 Corda Network, building a bridge with the Corda ecosystem. Similarly, launching Ethereum network bridge enables creating all Ethereum based wrapped assets. Wrapped token assets are minted 1:1 with an actual peg to the asset. This feature enables leveraging the Ethereum network effect and leverage benefits of the XDC network like near-zero fees and instant transaction time.

Where can you buy XDC?

XDC is now available for instant purchase via trading or Quick Exchange where Visa cards are accepted globally. Currently, available trading pairs are XDC/BTC, XDC/USDT, XDC/SGD.

Learn more about XinFin via https://xinfin.org/.

Read the original article: https://blog.liquid.com/buy-xdc-on-liquid-exchange

Special event for XDC integration at D’CENT Wallet

Today we are happy to announce a very special event to celebrate the first hardware wallet supports XDC. Starting from now, D’CENT will give XDC to the “limited” customers who purchase D’CENT Biometric Wallet.

The Airdrop are as follows:
First 100 registered customers: $89 USD worth of XDCs
Next 100 registered customers : $50 USD worth of XDCs

Where to buy?
D’CENT Official Shop (for XDC customers only)

How to claim the reward?
Please fill in and submit Google Registration Form including order number (will be sent via email from D’CENT Official Shop)
After verification, we will send guide to registered e-mail for you to send XDC address created on D’CENT Biometric wallet.

NOTE:

• Every Friday (Korea Standard Time), D’CENT will transfer the rewards to XDC wallet address.
• In case submitted information needs clarification or you are not entitled to get the reward, a separate e-mail will be sent to the registered e-mail.
• Any local tax or tariff will be responsible by customers

Source of Announcement: https://medium.com/dcentwallet/special-event-for-xdc-integration-at-dcent-wallet-a5d6f3716f97

Watch Atul Khekade and Andre Casterman in the Replay webcast of "Alternative Token: Tokenisation & Digital Assets" held on 2 September 2020 by the WOA community.

Link: https://youtu.be/_6dHXr7K6w4

To support the innovation of Community, XinFin Plans to run memes bounty. Memes need to be informative & attractive. Read all the rules carefully.

For more details about the bounty, visit: https://xinfin.org/bounty

To many, blockchain still remains an alien technology after more than a decade of its existence. Some find it unfathomable while others scare away from it due to some of its lacking or existing features, such as low scalability and high anonymity respectively. With this being the reality, the question arises, can the blockchain industry realize the dream of an all-inclusive adoption of the blockchain technology?

Certainly, there are companies trying best to bring as much of the world on blockchain as possible, but that will keep from coming true if only we leave aside the enterprise sector.

Today, we compare an enterprise-focused blockchain XinFin with the peer-to-peer network and the Bitcoin sibling dubbed Litecoin.

The comparison entails the explanation as to why the pioneer blockchains, which are the most widely recognized, do not necessarily fit the blockchain demands of the enterprise sector.


Drawbacks of Litecoin and How XinFin Solves the Issue

Considering the newly evolving, enterprise-focused blockchains, there are quite a few drawbacks of Litecoin that set it behind them in terms of being used by enterprises.

Permissionless and Permissioned Blockchain

Permissionless blockchains are those blockchains where are transaction details are stored publicly and anyone on the network can easily view them. Litecoin is one such blockchain that allows the storage of transaction data in a public ledger. This isn’t a real drawback of any blockchain, but when considered from the perspective of enterprises, who might want to keep their transactions secret and unavailable to the public, it’s unfit for use.

XinFin blockchain is a combination of both, a permissionless and a permissioned blockchain, also known as a Hybrid blockchain. It allows XinFin blockchain users to use the network as per their need, and decide themselves whether or not they want the transaction data to be stored publicly.

This bears the potential to make XinFin a reliable blockchain for the enterprises.

Blockchain Protocol a.k.a Consensus Mechanism

First and foremost, the Litecoin network deploys the Proof-of-Work (PoW) consensus mechanism to validate transactions and create the blocs. PoW, being the first-ever blockchain protocol to be implemented, has a considerable number of drawbacks. The first of this is the energy inefficiency that comes bound to it.

PoW protocol requires miners to use huge amounts of electricity to run powerful CPUs. This helps in solving complex mathematical problems for the purpose of validating transactions and creating blocks.

Putting this in contrast with the XinFin Delegated Proof-of-Stake (XDPoS) protocol, which is highly energy efficient, makes the protocol not only environment-friendly but also expeditious.

Transaction Speed a.k.a Scalability

The protocol used by a blockchain directly relates to the transaction speed it is able to produce. While there surely can be variations between the scalability of two blockchains using the same protocol depending on how both blockchains put it to use, DPoS is capable of delivering quite a high transaction speed.

Due to using the PoW protocol, the Litecoin network has so far delivered a record transaction speed of 56 transactions per second. Though this is faster than the transaction speed of Bitcoin and Ethereum, which use the same protocol and produce 7 TPS and 15 TPS respectively, enterprises need more scalable solutions.

By using the DPoS protocol, XinFin Network has so far been able to deliver a transaction speed between 2,000 to 3,000 per second. This makes the XinFin blockchain one of the most scalable blockchains in existence and a perfect match for those enterprise players looking to hop into using the technology.

Block Creation Time and Block Reward

Transaction speed brings us to block creation time. The more the number of transactions per second, the smaller is the block creation time.

In the case of Litecoin, one block may take as much as 150 seconds, while for XinFin blockchain it’s only 2 seconds.

Miners, who are responsible for validating transactions and creating blocks on a blockchain, are rewarded in the native blockchain tokens as compensation for the work they put in. At the given time, Litecoin rewards its miners 25 LTC for mining one block, with one LTC being priced at $138.43 at the time of writing.

However, as we cross the 1,680,000 block count on the Litecoin network, miners will have to bear with what is called Litecoin Halving. Due 53 days from the day of writing, the event will cut the mining reward to half and make it to 12.5 LTC for mining each block.

On the contrary, XinFin network rewards 5000 XDC tokens to its miners, with each XDC valued at $0.000575 at the time of writing.

It can be questioned that the block reward for mining is lower in the case of XinFin as compared to Litecoin, but let’s not forget that the block creation time, and hence the energy consumed to create one block on XinFin is far lesser than that of Litecoin.

KYC Compliance

Anonymity is great to have while on the internet. But it’s not required by all and at all times. Some blockchains, like Litecoin itself, are highly anonymous networks and hence unsuitable for enterprises that like to know and keep a record of who is validating what transactions.

XinFin, for that purpose, has made itself KYC compliant. Every masternode on the network that sets itself up for mining the XinFin blocks and validating its transaction will have to upload the KYC documents before proceeding.

Knowing who is able to validate what transactions assures enterprises that their data is secure within trusted parties.

Conclusion

Public or permissionless blockchains undoubtedly create the brain and the soul of the blockchain industry. But the fact that the existence of only permissionless blockchains will keep the enterprises cut off from the potential that blockchain promises cannot be disregarded.

This is the reason why a blockchain such as XinFin, which renders the features of a permissioned or private as well as a permissionless blockchain, is important to exist and bring the enterprise sector into the blockchain industry.

Such an initiative is what holds the potential to make blockchain mainstream, without outcasting any particular industrial sector from leveraging the blockchain technology.

Today, development and blockchain seem to be synonymous words. From solopreneurs to international entities, everyone is implementing highly beneficial use cases of blockchain to their work ecosystem. Companies in the blockchain industry are doing best to help the blockchain-hungry world to leverage the technology and make the most out of it.

Similar to all revolutionary ideas that ever changed the world, blockchain too is facing some scepticism. However, innovation is nowhere close to being canned.

In this blog, we’ll be talking about two different blockchain ecosystems, namely Cosmos and XinFin. While both the names do not suggest much about what the blockchains are aligned to serve, here we lay down a brief comparison of the two blockchains (a blockchain network in case of Cosmos) while also explaining what purpose they’re meant to serve.

Cosmos
Interoperability of blockchains was an unanswered problem until Cosmos was created. Transactions from one blockchain to the other was far from possible. As an independent network of parallel, interoperable blockchains working over the Tendermint Byzantine Fault Tolerance consensus mechanism, Cosmos delivers an ecosystem integrated with all the necessary tools and equipment required by developers to build blockchains.

The speciality with Cosmos is that every blockchain coded over the Cosmos network is interoperable, which means that two different blockchains can transact with each other. By doing so, Cosmos has brought the world closer to highly scalable blockchains and also to a decentralized internet of blockchains.

XinFin
XinFin Network has a more industry-specific goal of disrupting the trade and finance industry. It is an enterprise-focused hybrid blockchain that brings the benefits of both, a private and a public blockchain into one place. Its network architecture is built with a fork from Quorum and Ethereum blockchain making it suitable for both, public and private transactions. The network runs on the delegated proof-of-stake mechanism, rendering it highly energy efficient while also making transactions over XinFin trusted and expeditious.

Considering the vastness of the financial industry, XinFin has a huge market to disrupt and a scalable solution with a great market tendency. Hooking up the financial players with the blockchain industry can revolutionize the way most of the world today looks at finance.


Technical Specifications
The open source development tools platform and the network of parallel blockchains, Cosmos, functions with an average block creation time of six to seven seconds. This is comparatively higher when juxtaposed with that of XinFin Network that boasts of an average block creation time of two seconds.

As the transaction rate of a blockchain, often termed as scalability, is directly related to the block creation time of a blockchain, it is clearly evident that XinFin network harnesses a faster transaction rate.

In terms of consensus mechanism, both Byzantine Fault Tolerance consensus and XinFin Delegated Proof-of-Stake consensus are energy efficient and scalable. Though BFT is said to be only workable with permissioned blockchains, Tendermint Core engine promises that developers can create both private and public blockchains using their BFT mechanism. XinFin, on the other hand, makes the interoperability of private and public blockchain using the XDPoS consensus mechanism.

Coming to masternodes, XinFin has an upper hand as it offers KYC enabled masternode functionality while Cosmos does not.

Market Specification
Cosmos ecosystem is fueled by the ATOM token which is currently valued $6.04. XinFin, whose mainnet launch was scheduled on June 1, 2019, functions with the XDC tokens and possesses a value of $0.000547.

Cosmos and XinFin’s market capitalization according to CoinMarketCap data is $1.15 billion and $2.1 million respectively.

* Coin Price and Market Capital values are as per CoinMarketCap value on June 6, 2019

Parting Words
Cosmos and XinFin differ largely in terms of their core motives and end goals. Both the XinFin blockchain and the Cosmos blockchain network possess their own set of pros and cons.

While Cosmos is sure to make blockchains a more worldly thing by making them interoperable, XinFin will bring financial players into the ecosystem, who then will help spread the technology to the parties related to them — including the masses.

Do you think blockchain technology is mature enough for the major financial players to step in and reap its benefits? Let us know your thoughts in the comments below.