The XinFin Community Newsletter for February is here. Check it out now!
https://mailchi.mp/xinfin/xinfin-community-newsletter-28-feb-2019
XinFin brings Standardized DApps for you. So, get started without any delay with developer-friendly tools and guides. Join our online open Hackathon now.
https://github.com/XinFinOrg/Open-Hackathon
The Fastest, The Decentralized and The Energy Efficient Consensus is Here! XinFin Delegated Proof of Stake (XDPoS) is a consensus algorithm used to sustain digital democracy throughout the XinFin Hybrid Blockchain network.
Check out XinFin DPoS
https://www.xinfin.org/xinfin-consensus.php
XinFin extends open ‘plug and play’ APIs for customers and use case access. Speaking the language of core Banking, SWIFT, and ERP systems, our APIs allow enterprises to build, run, and deploy high-end dApps on our Blockchain Network. Explore here:
https://www.xinfin.org/xdc-utility.php
XinFin Private and Hybrid Network lets any kind of enterprises connect their legacy systems with a Blockchain Network using the XDC Protocol and messaging compatible with ISO20022 standard. Read more about ISO20022 standard here:
https://www.xinfin.org/ISO20022.php
Now, create smartcontracts without any programming expertise!!
http://Mycontract.co enables contract creation and token offering for crowdsale, ICOs, and asset tokenization with ERC standards like ERC20, ERC223, ERC721, and ERC888.
https://youtu.be/thR-pTpF7Sw
XinFin XDC Wallet address will now start with ‘XDC’ in place of ‘0x’.
XinFin today announced the new address prefix starting with XDC. With this implementation, XinFin Network will become distinguishable from other platforms which are also based on go-ethereum codebase. Developer team at XinFin performed a major change in Ethereum Virtual Machine to achieve the unique XDC address prefix. Developer team also changed the various libraries used for dApp.
Based on
Delegated Proof of State Consensus algorithm and
go-ethereum codebase, XinFin XDC Wallet address will now start with ‘XDC’ in place of ‘0x’. The unique address prefix will help users recognize XDC Wallet address instantly without even mentioning it.
Here is the address creation method used by XinFin. It begins with the private key, which uses ECDSA (Elliptic Curve Digital Signature Algorithm is the cryptographic algorithm in the core of addresses) to create a public key. The public key is then hashed using Keccak-256, which gives us a 32-byte string. XinFin drops the first 12 bytes, and the remaining 20 bytes yield a 40 character hexadecimal address, to which is added an XDC prefix. There’s no transformation to Base58, which means XinFin addresses remain hexadecimal.
“Replacing the ‘0x’ prefix with XDC will make our XDC Wallet addresses easily recognizable for users who often tend to misinterpret wallet addresses for another blockchain due to their ignorance and lack of technical knowledge. With XDC prefix implementation, users can easily perform transactions without losing their tokens. This XDC address prefix implementation was important to eliminate the challenges; a user faces while performing transactions and I am glad, our developer team achieved it”, said Atul Khekade, Ecosystem Development Head, XinFin.
XinFin TestNet is already live at
http://xinfin.network/ and LiveNet will be live within a few weeks after thorough testing.
About XinFin
XinFin is an open source enterprise-ready Hybrid Blockchain for Global Trade and Finance. It combines the power of Public and Private Blockchains with interoperable smart contracts. XinFin is fully EVM compatible. For more information on XinFin, please visit
www.xinfin.org or learn more about XinFin in this
video.
Developer Community Resource:
https://docs.xinfin.org/docsFollow XinFin on:
Twitter:
@XinFin_OfficialLinkedIn:
https://www.linkedin.com/company/xinfin/Telegram:
https://t.me/joinchat/IDjEOEUaNJNpbeM-c1YtZw
With the updated TradeFinex site, the entities can mitigate counter-party risks by making their digital bonds and invoices; liquid and interoperable.
The
TradeFinex website has recently undergone some significant changes. The redesigned site highlights; achieving liquidity and interoperability of financial instruments as the main objective. With the updated TradeFinex site, the entities can mitigate counter-party risks by making their digital bonds and invoices; liquid and interoperable.
Digital BondsBased on XinFin Hybrid Blockchain, TradeFinex will simplify and streamline the entire corporate bond lifecycle. TradeFinex will create a global bond standard by connecting traditional bond market with digital bond technology. Built-in KYC/AML regulations and standard features like profile creation for both organization and individual; makes TradeFinex, a real-life bond creation, and exchange platform.
A blockchain-powered platform, TradeFinex is fully secure and transparent and will always avoid the risk of single point of failure for its users. Not only will it make creating, managing, and liquidating bond instruments seamlessly easy but will also enable hassle-free automatic, instant, and efficient bond settlements for its users. Another major benefit would be the enhancement of secondary market liquidity by bringing brokers, dealers, and licensed entities on one single platform.
Interested institutions looking to conduct a PoC, please
click here.
Explore more about Digital Bonds
here.
InvoicesTradeFinex leverages the power of blockchain to help users get more financing options to their unpaid invoices.
InFactor is a platform for factoring trade instruments, mainly invoices. Designed on a global framework, XDC-I11 messaging and transaction ISO20022 standard using XinFin Hybrid Blockchain technology, InFactor will convert unpaid invoices to instant cash. Built-in XDC Wallet and smart contracts will make invoice factoring easier, transparent, and secure for its users.
Open ‘plug-and-play’ API access will enable easy and fast integration allowing users to create interoperable platforms and get access to a wider financial ecosystem. The underlying smart contracts will facilitate automatic repayment and settlement of invoices. Hence, companies receive cash instantly, customers live by friendly payment terms and investors earn profits in the form of factoring fees.
Interested institutions looking to conduct a PoC, please
click here.
Read more about Invoice Factoring/InFactor
here.
Coming Soon on The TradeFinex Site
R3 Corda BridgeAnother counter-party risk mitigation feature pending release on the TradeFinex website is R3 Corda Bridge. TradeFinex will enable users to connect R3 Corda Bridge State with Public Network by deploying Corda smart contracts to XinFin Network smart contracts using a relayer bridge. R3 Corda and XinFin Bridge connectivity will facilitate atomic swap which will completely revolutionize the money transfer system in the crypto world.
Explore more about R3 Corda Bridge
here.
The TradeFinex ConsortiumThe TradeFinex team has initiated a consortium with open invitations to address peer-to-peer trade finance and asset tokenization of real-world assets. TradeFinex invites Global Public Investors (GPIs), regulators, fintech companies, and financial & government institutions to be a part of the ecosystem who will introduce the right financial instruments, their standardization and will closely work with regulators for holistic business development. To be a part of this change as a consortium founding member, please
click here.
Click here to know more about the consortium event scheduled in June this year.
Click here to know more about the TradeFinex LinkedIn Group. Membership with invitation only.
About XinFinXinFin is an open source enterprise-ready Hybrid Blockchain for Global Trade and Finance. It combines the power of Public and Private Blockchains with interoperable smart contracts. XinFin is fully EVM compatible. For more information on XinFin, please visit
www.xinfin.org or learn more about XinFin in this
video.
Interested Institutions looking to setup KYC enforced Masternodes (TestNet), please
click here.
Follow XinFin on:Twitter: @XinFin_Official
LinkedIn:
https://www.linkedin.com/company/xinfin/Telegram:https://t.me/xinfintalk
XinFin will provide the live beta environment for pilot testing the creation, trading, and integration of tokenized bonds.
XinFin Network, an open source enterprise-friendly hybrid blockchain platform has partnered with London-based
AiX, a leading AI Trading Platform backed by a FINRA-registered Wall Street Brokerage Firm. AiX has a team of experienced inter-dealer brokers holding FINRA Series 7, 63, 55 and 24 designations in the US in addition to FCA registrations in the UK.
As a part of this partnership, XinFin will extend its platform and technology to AiX for the creation and trading of tokenized digital bonds. The AiX platform will leverage XinFin TestNet simulation for demonstration and integration of tokenized bonds. XinFin will provide continuous support to the AiX team for this simulation and integration of the project through to commercial production by deploying XinFin Public Network masternodes on TestNet that recently went live.
URL:
http://xinfin.network/#statsXinFin Public Network is an EVM compliant public network with KYC enforced masternodes with randomized Delegated Proof of Stake consensus that achieves decentralization with high throughput. The Hybrid architecture ensures the privacy of sensitive data and transaction information is operated in the private network while a limited set of data and transactions can be relayed on the XinFin Public Network.
Digital Bond Creation PoC link is available at
https://www.tradefinex.org/publicv/bond_createThe global infrastructure gap is projected to be $15 trillion by 2040 and XinFin’s focus is to bridge this gap by providing liquidity access to global institutional investors through investments in critical physical infrastructure projects including power, water, and transportation.
URL:
https://www.tradefinex.org/Sharing his excitement on formalizing AiX and XinFin collaboration, Joseph Appalsamy, Head of Business Development said, “We look forward to this exciting collaboration with AiX as we team up to help bridge the global infrastructure gap by delivering innovatively regulated infra asset and instrument tokenization trading and market making to unlock liquidity.”
AiX will help XinFin in new market making and secondary trading of digital infrastructure bonds through tokenization of IAC (Infrastructure as an Asset Class) and matching of price-points, risk and return profiles.
AiX will extend its latest technological tools and platform to XinFin for newer/secondary markets generation and for integration with XinFin TestNet. AiX will connect syndicate leads led by market makers, dealers, brokers, banks and institutional investors over their AI trading platform. XinFin will use AiX platform for OTC Trading and will get continuous support from AiX technology and hybrid institutional broking team.
Jos Evans, CEO, AiX said, “AiX is thrilled to be a part of this brave new world in finance. We are firm believers in the future of the security token ecosystem and will work tirelessly with the XinFin team to ensure the best execution for these new products by using our unique AI broker service to source liquidity globally.”
About AiX:
AiX platform uses AI to connect traders across Financial Markets. AiX provides instant, trader-to-trader interaction, removing the need for inter-dealer-brokerage through groundbreaking AI. Underpinned by award-winning cognitive reasoning technology and the power of blockchain technology, AiX connects traders across markets and provides unprecedented insight and control. AiX makes trading simpler, smoother and more secure, boosting profits in the process. AiX team of experienced inter-dealer brokers hold FINRA Series 7, 63, 55 and 24 designations in the US and FCA registered in the UK. Ombrello Solutions is a trading name of Arian Financial LLP [FCA registration number 415230] – an established London based Inter-Dealer Broker which has been providing liquidity across all asset classes, in the Institutional market for 18 years.
Website:
https://aixtrade.com/About XinFin Network:
XinFin is an open source Hybrid Blockchain protocol initiated out of Singapore.
XinFin Network[XDCE] is a utility network that lets enterprises deploy real-world applications on the Hybrid Blockchain Protocol in a conducive, compliant, and regulation-friendly environment for diverse use cases in trade, finance, remittance, supply chain, healthcare, and other industrial areas to improve business efficiency. The XDC Dev Environment encourages developers to build DAPPs using smart contracts. The XinFin community derives its success from the ecosystem comprising of developers, network utility, and long-term backers.
Website:
https://www.xinfin.org/Slack:
https://launchpass.com/xinfin-publicTelegram:
https://t.me/joinchat/IDjEOEUaNJNpbeM-c1YtZwTwitter:
https://twitter.com/XinFin_OfficialLinkedin:
https://linkedin.com/company/xinfin/Subscribe to the XinFin Community Newsletter by clicking
here.
QuickBooks users get more financing options to unpaid invoices with InFactor.
XinFin, built on an interoperable XDC protocol, today announced that QuickBooks users will be able to connect their invoices seamlessly with InFactor, a blockchain-based invoice factoring application developed by TradeFinex Dev team. InFactor is highly interoperable with legacy systems and other blockchain platforms which makes it easier for QuickBooks users to get more financing options to their unpaid invoices without shifting invoices between multiple systems.
QuickBooks is an accounting software package developed and marketed by Intuit. QuickBooks products are geared mainly towards small and medium-sized businesses and offer on-premises accounting applications as well as cloud-based versions that accept business payments, manage and pay bills and perform reports generation.
“The seamless connectivity and interoperability of InFactor application with QuickBooks will allow small businesses to improve their liquidity by saving them the trouble of uploading every single invoice for factoring on InFactor. InFactor will capture the existing data sets from QuickBooks and map them automatically onto its app enabling small businesses to connect with global financiers quickly; giving them access to a larger market for factoring”, said Can Inac, Ecosystem Partner, XinFin.
Here’s a step by step guide to QuickBooks integration:
https://github.com/XinFinOrg/Developer-Resource/blob/master/docs/dapp/infactor.io/quickbook-integration.md*Please note that it’s a TestNet PoC URL and will go into production once XinFin MainNet gets launched.
For troubleshooting, please join XinFin Public Slack Channel and XinFin Telegram Developer Community.
XinFin Hybrid Blockchain Network employs Delegated Proof of Stake (DPoS) Consensus which brings singularity of validator nodes (full nodes) into the picture, making the whole network more democratic, more trustworthy, more stable, and more self-sustainable. Masternodes are benefitted in the form of reputation building, enhanced reliability, increased incentive gains, and capability to deploy their own dApp/use case on the network.
Interested Institutions looking to setup KYC enforced XinFin (TestNet) Masternodes, please
click here.
TradeFinex, a dApp based on top of the XinFin Hybrid Blockchain Network, is an open standard protocol for global trade and finance aiming to mitigate counterparty risks by enabling financial instruments to be more interoperable and liquid. An Open API platform ready to connect, TradeFinex has initiated a consortium with open invitations to address peer-to-peer trade finance and asset tokenization of real-world assets. TradeFinex invites Global Public Investors (GPIs), regulators, fintech companies, and financial & government institutions for the same.
To be a part of this change as a Consortium founding member, please
click here.
About XinFin:XinFin is an open source enterprise-ready Hybrid Blockchain for Global Trade and Finance. It combines the power of Public and Private Blockchains with interoperable smart contracts. XinFin is fully EVM compatible. For more information on XinFin, please visit
www.xinfin.org or learn more about XinFin in this video.
Follow XinFin on:Twitter: ( @ ) XinFin_Official
LinkedIn:
https://www.linkedin.com/company/xinfin/Telegram:
https://t.me/xinfintalk
Transformer will help financial institutions convert their traditional messaging formats for financial instruments into a blockchain recorded identity that enables counterparty risk mitigation through secondary market channels.
Trace Financial, a leading financial messaging and integration provider for major global financial institutions and an integration partner for SWIFT MT-MX messages has signed a partnership agreement with the XinFin Network through its Abu Dhabi Global Markets (ADGM) Sandbox Entity.
As a part of this partnership, TradeFinex Tech Ltd. will offer Trace Financial’s flagship product, Transformer, through XinFin Network Masternodes. Transformer performs financial message mappings using any format including financial standards such as SWIFT MT-MX, ISO 8583, MT1X, MT5X, MT7X, etc.
During the PoC stages, XinFin will extend Transformer to financial institutions that run XinFin Network Masternodes in the TestNet Environment. Financial institutions will be able to make use of Mycontract.co platform built over XinFin Network to relay legacy financial messaging to a blockchain identity in the form of a smart contract that enables counterparty risk mitigation of different type of financial instruments through secondary markets.
Explore XinFin TestNet here:
http://xinfin.network/#statsGoing forward, the Transformer will help financial institutions convert their traditional messaging formats for financial instruments into a blockchain recorded identity that enables counterparty risk mitigation through secondary market channels.
Excited over the partnership, Paul Ruskin, Director of Business Development at Trace Financial said, “Transformer is used extensively by financial institutions for their financial instruments messaging transformations. We are happy to engage in a partnership with ADGM regulated TradeFinex Tech Ltd. that will blockchain-enable the traditional financial messaging on an ISO20022 standard; mapped as a digital identity on KYC-enforced XinFin Network.”
Atul Khekade, Director of TradeFinex Tech Ltd. and Co-Founder of XinFin Network said, “We are excited to partner with one of the leading companies in financial instruments messaging. XinFin Network will complement the legacy financial instruments messaging by making it interoperable with XinFin Network, an enterprise-friendly blockchain network focused towards solving problem points in global trade and finance. Counterparty risk mitigation remains a challenge for financial instruments globally and we need to set up an easy-to-use platform in a compliant environment for financial institutions to quickly go through PoC and Pilot projects via our sandbox environment with Abu Dhabi Global Markets.”
XinFin Hybrid Blockchain Network employs Delegated Proof of Stake (DPoS) Consensus which brings singularity of validator nodes (full nodes) into the picture, making the whole network more democratic, more trustworthy, more stable, and more self-sustainable. Masternodes are benefitted in the form of reputation building, enhanced reliability, increased incentive gains, and capability to deploy their own dApp/use case on the network. Interested Institutions looking to setup KYC enforced XinFin (TestNet) Masternodes, please click
here.
TradeFinex, a dApp based on top of the XinFin Hybrid Blockchain Network, is an open standard protocol for global trade and finance aiming to mitigate counterparty risks by enabling financial instruments to be more interoperable and liquid. An Open API platform ready to connect, TradeFinex has initiated a consortium with open invitations to address peer-to-peer trade finance and asset tokenization of real-world assets. TradeFinex invites Global Public Investors (GPIs), regulators, fintech companies, and financial & government institutions for the same.
To be a part of this change as a Consortium founding member, please click
here.
Click
here to join TradeFinex LinkedIn Group. Membership with invitation only.
About Trace Financial
Trace Financial Limited is a company based close to the City of London which supplies software solutions to the financial industry across the UK, Europe, and globally for over 30 years. Their clients include major financial institutions, service providers, and application vendors. The company holds business and technical expertise in SWIFT messaging and securities industry.
Visit the website:
https://www.tracefinancial.com/About TradeFinex
TradeFinex is an ADGM-regulated entity which helps financial institutions achieve liquidity and interoperability of financial instruments like digital bonds and invoices leading to counterparty risk mitigation.
Visit the website:
https://www.tradefinex.org/About XinFin
XinFin is an open source enterprise-ready Hybrid Blockchain for Global Trade and Finance. It combines the power of Public and Private Blockchains with interoperable smart contracts. XinFin is fully EVM compatible. For more information on XinFin, please visit
www.xinfin.org or learn more about XinFin in this video
https://www.youtube.com/watch?v=K-tHZkV6zAs.
Follow XinFin on:
Twitter: ( @ ) XinFin_Official
LinkedIn:
https://www.linkedin.com/company/xinfin/Telegram:
https://t.me/xinfintalk
XinFin, a hybrid enterprise blockchain for global trade and finance, announced its new feature to help enterprises create loyalty tokens or Reward Points. This announcement comes at a time when the use cases of blockchain for enterprises seemed to have started reaching a saturation point. What’s exciting is that enterprises can now setup decentralized loyalty tokens on the XinFin Network completely hasslefree, and in a matter of a few clicks. This also provides a universal solution for businesses who are planning to embark on a robust lead building program instead of cost-generating programs all based on simple loyalty.
Along with this, XinFin also promises an easy plug-in for the Customer Loyalty Programs into an existing ERP or CRM system. This feature ensures the ease of interoperability and integration of existing ERP and CRM system with the XinFin blockchain, which means that it cuts down the cost and time to build a new system around the existing one.
The creation and deployment of customer rewards program have never been easier, nor has been the integration of an existing system with a blockchain.
The step by step guide to create and deploy loyalty tokens:
- Go to mycontract.co/ to create and deploy a loyalty smart contract on a public network
- Set up a XinFin Masternode by following the steps mentioned here : github.com/XinFinOrg/XinFin-Node
- Install Dependencies. Download Nodejs and npm {docs.npmjs.com/getting-started/installing-node} if you don’t have them
- Download Ready Script File, Learn API Command to Manage Loyalty Token with your ERP/CRM System.
XinFin Masternodes
XinFin is a hybrid, interoperable, and liquid enterprise-ready network that aims at reducing the cost of running a network or building private sub-networks. It is backed by Delegated proof of Stake (DPoS) consensus that establishes singularity of validator/full nodes. This makes XinFin a more democratic, trustworthy, self-sustainable, and stable network. Masternodes on the network can
build a reputation
enhance their reliability
add up on their incentive gains and
attain the capability to develop their own DApp or use case on the network
Institutions looking forward to reaping these benefits can setup KYC enforced XinFin (TestNet) Masternodes by clicking here
TradeFinexXinFin Hybrid Blockchain Network harnesses the power of its dApp, TradeFinex, an open standard protocol for global trade and finance. It enables the interoperability and liquidity of financial instruments, hence reducing counterparty risks. It is an Open API platform that has initiated a consortium with open invitations to address peer-to-peer trade finance and tokenization of real-world assets. TradeFinex invites Global Public Investors (GPIs), regulators, fintech companies, and financial & government institutions for the same.
To be a part of this change as a Proof-of-Concept Consortium founding member, please click here: tradefinex.org/publicv/consortium
About XinFin:XinFin is an open source enterprise-ready Hybrid Blockchain for Global Trade and Finance.
XinFin network capabilities allow all types of enterprises to connect their legacy systems with a Blockchain Network via XDC Protocol and messaging compatible with ISO20022 standard. It combines the power of Public and Private Blockchains with interoperable smart contracts. XinFin is fully EVM compatible. For more information on XinFin, please visit xinfin.org or learn more about XinFin in this video.
Follow XinFin on:Twitter: ( @ ) XinFin_Official
LinkedIn: linkedin.com/company/xinfin/
Telegram: t.me/xinfintalk
Github: github.com/XinFinOrg/Loyalty-Token
XinFin, an R3 Corda partner participated at a webinar hosted by Corda. Joseph Appalsamy and Atul Khekade from XinFin discussed largely around bond tokenization and bond standardization using XinFin blockchain platform and application like MyContract and AI and R3 Corda Relay Bridge. Bob Velez from AiX (XinFin Partner), Jeff Cooperstein, R3 Director, Gavin Thomas from Corda, LuRae Lumpkin, Jack Malinowski & Kamil Podgajniak from Blockchain 4 Media, and Katie Escoto from Latest Training News were other participants at the webinar.
To tune into the R3 Showcase Webinar, please click
here.
Joseph started off by discussing how XinFin has developed an R3 Corda relay bridge between Corda Private Network and XinFin Public Network. This will enable financial institutions using R3 Corda to run distributed applications on a combination of private and public (Hybrid) blockchain architecture in a sandbox environment. The bridge will create the ability to relay a limited set of data and transactions from privacy channels to the public network. Applications already deployed on the R3 Corda marketplace will be able to connect seamlessly to XinFin’s Public Network.
Read more about XinFin-R3 Corda partnership
here.
Joseph Appalsamy, Head of Business Development, XinFin said, “XinFin team has been continuously working with R3 and to deploy R3 Corda bridge, XinFin development team has created a TestNet version of the digital bond which is currently live on TradeFinex website.”
Joseph presented the digital bond creation demo and discussed how entities can mitigate counter-party risks by making their digital bonds liquid and interoperable. Based on XinFin Hybrid Blockchain, TradeFinex will simplify and streamline the entire corporate bond lifecycle. TradeFinex will create a global bond standard by connecting traditional bond market with digital bond technology. Built-in KYC/AML regulations and standard features like profile creation for both organization and individual; makes TradeFinex, a real-life bond creation, and exchange platform.
While TradeFinex will avoid the risk of a single point of failure, it will enable the seamless creation, management, and liquidation of bond instruments resulting in hassle-free automatic, instant, and efficient bond settlement. Another benefit that comes coupled with it is the enhancement of secondary market liquidity by bringing brokers, dealers, and licensed entities on one single platform.
Interested institutions looking to conduct a PoC, please click
here.
Explore more about Digital Bonds
here.
Atul Khekade, Co-Founder of XinFin and TradeFinex said, “MyContract basically gives enterprises interoperability between their legacy financial messaging and they are able to map the same kind of specifications on the smart contract. So, basically for the bond instrument, XinFin uses the ISO20022 standard security message as a reference data and hash it on the bond details. Therefore, this tool can be listed in multiple secondary markets for greater access to liquidity.”
Watch this
video to learn how to generate a smart contract using MyContract.
Bob Velez, Head of Business Development Sales, AiX said, “In this venture with XinFin and R3, AiX will be the trading platform for the digital bonds. AiX will be the platform for both the issuance of the bonds and the secondary trading of bonds. Additionally, AiX will be the leading syndicate of investors, investment firms, market-makers, hedge funds for secondary markets.”
Read more about XinFin-AiX partnership here.
XinFin Hybrid Blockchain Network employs Delegated Proof of Stake (DPoS) Consensus which brings singularity of validator nodes (full nodes) into the picture, making the whole network more democratic, more trustworthy, more stable, and more self-sustainable. Masternodes are benefitted in the form of reputation building, enhanced reliability, increased incentive gains, and capability to deploy their own dApp/use case on the network. Interested Institutions looking to setup KYC-enforced XinFin(TestNet) Masternodes, please click
here.
TradeFinex is an open standard protocol for global trade and finance which reduces counterparty risks for institutions by making financial instruments more interoperable and liquid. TradeFinex is an
Open API platform and has also initiated a consortium with open invitations to address peer-to-peer trade finance and tokenization of real-world assets. TradeFinex invites Global Public Investors (GPIs), regulators, fintech companies, and financial & government institutions for the same.
To be a part of this change as a Consortium founding member, please click
here.
Click
here to join TradeFinex LinkedIn Group. Membership with invitation only.
About TradeFinex
TradeFinex is an open standard platform for global trade and finance built on an interoperable XDC protocol. TradeFinex helps financial institutions achieve liquidity and interoperability of financial instruments which also results in reducing counter-party risks. For more information on TradeFinex, please visit
https://www.tradefinex.org/About XinFin
XinFin is an open source enterprise-ready hybrid blockchain for global trade and finance. Combining the power of public and private blockchain and interoperable smart contracts, XinFin utility network allows enterprises to deploy real-world applications over XDC protocol in a conducive, compliant, and regulatory-friendly environment for diverse use cases. The interoperable hybrid blockchain protocol and ISO20022-compatible messaging standard enable XinFin Network to connect with both legacy and other blockchain platforms. For more information on XinFin, please visit
www.xinfin.org or learn more about XinFin in this video
https://www.youtube.com/watch?v=K-tHZkV6zAsFollow XinFin
Twitter: ( @ ) XinFin_Official
LinkedIn:
https://www.linkedin.com/company/xinfin/Telegram:
https://t.me/xinfintalk
The bug bounty program will enable participants to earn rewards by running and testing an “Apothem Network” (XinFin TestNet) masternode and by using wallet products.
XinFin Mainnet to roll out by 1 June 2019.
XinFin Network announces a new bug bounty program to set up and run TestNet called “Apothem” masternodes and to use web wallet on TestNet. The bounty program will enable participants to earn rewards by:
a. Setup and Run Masternode on Testnet called “Apothem” upto 31st May, 2019
https://www.xinfin.org/setup-masternode.phpb. running and testing a masternode for any errors, bugs, and weaknesses on XinFin TestNet.
https://www.xinfin.org/setup-masternode.phpc. using and testing web wallet and related features (like deploying smart contracts and interacting with them) for any bugs, errors, and vulnerabilities.
http://xinfin.network/#webWalletRead more about the bug bounty program here:
http://xinfin.org/bounty.php .
The new bug bounty program will allow XinFin Dev Team to discover and resolve all the bugs, pertaining to exploits and vulnerabilities in TestNet Apothem; before XinFin rolls out its MainNet. The bounty program will help in the SEO optimization of XinFin products and will also create awareness about XinFin TestNet, which is currently running live at
http://xinfin.network/#stats.
Atul Khekade, XinFin Ecosystem Development Head said, “We chose to announce the bug bounty program seeing the interest and curiosity of community members who wanted to know more about XinFin masternodes. The community wanted to set-up, run, and test XinFin TestNet nodes themselves. So, we decided to launch a new bounty program to encourage active community involvement surrounding TestNet masternodes. We believe the community will help us boost XinFin TestNet and iron out all the network’s inaccuracies before we switch to XinFin MainNet which we are planning to roll out on 1st June, 2019”
a) XinFin TestNet “Apothem” Masternode Bounty
Before discussing how to set up a XinFin masternode, let’s know what is a XinFin Masternode and the prerequisites to perform the task:
XinFin Masternode
XinFin’s token XDC supplants proof-of-work consensus algorithm with a randomized delegated proof-of-stake (rDPoS) consensus algorithm, fundamentally using the concept of “validators”. Validators are special (full) nodes which get incentivized for validating each transaction which may be accepted or rejected by the validator. Setting up masternodes on XDC protocol makes the decentralized blockchain network more trusted, more stable, and more self-sustainable. Masternodes are benefitted in the form of reputation building, enhanced reliability, increased incentive gains, and capability to deploy their own dApp/use case on the network.
Things Needed To Set Up A Masternode
· A minimum of 10, 000,000 XDC stake by masternode holder
· Wallet (preferably hardware) to store XDC tokens
· Dedicated and stable hardware
· Dedicated static public IP address
· 100% IDC Network uptime
· A minimum of Tier 3 IDC Network
· Virtual Private Server (VPS)
· Cloud services
How To Set Up A XinFin-XDC Masternode?
Below mentioned are the steps to set up a XinFin-XDC Masternode on different Operating Systems:
a) Ubuntu 16.04 64-bit or higher
Users are required to visit
https://github.com/XinFinOrg/XinFin-Node and click on ‘Clone or Download’ to download code. Or, they can clone the repository by using git clone
https://github.com/XinFinOrg/XinFin-Node.git command.
A ‘XinFin Node’ folder will be downloaded. Enter XinFin-Node directory by using cd XinFin-Node command.
Install docker & docker-compose using sudo ./install_docker.sh command.
Now, users are required to update .env file with details.
a. Firstly, they need to create .env file by using the sample .env.example file.
b. Users can either enter their company/product name under INSTANCE_NAME and email address in CONTACT_DETAILS fields, respectively.
c. Using cp env.example .env command users can copy updated details in the main folder with which their masternode name will be displayed.
d. nano .env will reconfirm users details by displaying them once again to users.
5. Users can start their masternode by running this command sudo docker-compose -f docker-services.yml up -d
6. Users should be able to see their nodes listed on
http://xinfin.network/#stats7. Users can stop their node if they encounter any issues by using the command sudo docker-compose -f docker-services.yml down
Users need to use the below-given commands if they make any change to the code:
sudo docker-compose -f docker-services.yml down
sudo ./upgrade.sh
sudo docker-compose -f docker-services.yml up -d
b) Windows 64-bit
Users are required to visit
https://github.com/XinFinOrg/XinFin-Node and click on ‘Clone or Download’ to download code. Or, they can clone the repository by using git clone
https://github.com/XinFinOrg/XinFin-Node.git command.
A ‘XinFin-Node’ folder will be downloaded.
Enter win64 directory by using the cd XinFin-Node/win64/one-click-installer command.
Now, users can run their masternode by using setup.exe command. This will install the XDC binary in C:\Program Files (x86)\XinFin with all the options including start menu, desktop icons, and uninstaller.
Users can right-click on the XinFin-XDC Masternode icon on the desktop and click on “Run as administrator” to launch their masternode.
c) MAC (using Vagrant Environments)
Firstly, users need to download and install below-mentioned three software.
a. Oracle VirtualBox
b. Vagrant
c. GIT
*Users are advised to restart their systems post installation.
2. Now, launch “command prompt” and follow the below-given commands:
a. Clone the repository by using git clone
https://github.com/XinFinOrg/XinFin-Node.git command. (or, users can alternatively visit
https://github.com/XinFinOrg/XinFin-Node and click on ‘Clone or Download’ to download code.
b. Using the cd XinFin-Node command, users will get path access to the XinFin-Node.
c. vagrant up and vagrant ssh commands will up and run the masternodes for users on Vagrant software.
3. XinFin-Node is automatically copied to /home/vagrant/ by following steps in point 1. and point 2.
4. Users can shut down the vagrant instant by running vagrant suspend and delete it by running vagrant destroy.
b) XinFin Web Wallet Bounty
Before discussing how to create a XinFin Web Wallet, let’s know what is a XinFin Web Wallet.
XinFin Web Wallet
With a free, client-side interface, XinFin Web Wallet helps users interact seamlessly with the XinFin blockchain. XinFin’s easy-to-use and open-source platform enable users to generate wallets effortlessly using Mnemonic Phrase, Keystore File, or Private Key. Users can deploy and interact with smart contracts and can also do so much more with XinFin Web Wallet.
How to create a XinFin Web Wallet?
Users can create XinFin Web Wallet using Mnemonic Phrase and Keystore File.
Visit XinFin Web Wallet here
https://xinfin.network/#webWallet.
2. Click on ‘Create a New Wallet’ button.
3. The window will have two options. Get a new wallet either ‘By Mnemonic Phrase’ or ‘By Keystore File’.
a) Using Mnemonic Phrase
a. Type-in a strong password and click ‘Next’.
b. Write down the Mnemonic Phrase key.
c. Now click on ‘I wrote down my Mnemonic Phrase’.
d. Users are required to fill out empty places to verify their Mnemonic Phrase key and click ‘Verify’.
e.Users will get a pop-up saying that they have created their wallet successfully. Click ‘Unlock Wallet’.
f. Users can access their wallet by clicking on ‘Software’ button.
g. Click ‘Mnemonic Phrase’ on access by software window. Click ‘Continue’.
h. Now, type-in Mnemonic phrase and click ‘Continue’.
i. Type-in password, pick any address to interact with. Tick the ‘Accept Terms’ button and click ‘Access My Wallet’.
j. XinFin Web Wallet is created. Users can now add Test XDC to their Web Wallet or send tokens to other wallets. They can also deploy smart contracts and interact with them.
b) Using Keystore File
a. Type-in a strong password and click ‘Next’.
b. Click ‘Download Keystore File’.
c. A pop-up will appear asking users to save the Keystore File starting with ‘UTC’.
d. Click ‘Access My Wallet’.
e. Users can access their wallet by clicking on ‘Software’ button.
f. Click ‘Keystore File’ on access by software window. Click ‘Continue’. Upload the downloaded Keystore File.
g. Type-in password and click ‘Continue’.
h. XinFin Web Wallet is created. Users can now add Test XDC to their Web Wallet or send tokens to other wallets. They can also deploy smart contracts and interact with them.
c) Using Private Key
Users can also access XinFin Web Wallet using the private key.
a. After logging in using either of the two options, users are required to click the ‘Print’ button just below the XinFin wallet address.
b. A pop-up will appear mentioning wallet address and private key.
c. Either ‘Print’ or ‘Copy’ private key. In this case, copy the private key.
d. Log out of the current wallet.
e. Click ‘Software’ to access the wallet.
f. Click ‘Private Key’ and ‘Continue’.
g. Copy-paste the private key and click ‘Access Wallet’.
h. Users will be able to use their wallet now.
About XinFin
XinFin is an open source enterprise-ready Hybrid Blockchain for Global Trade and Finance. It combines the power of Public and Private Blockchains with interoperable smart contracts. XinFin is fully EVM compatible. For more information on XinFin, please visit
www.xinfin.org or learn more about XinFin in this video
https://www.youtube.com/watch?v=K-tHZkV6zAs.
Follow XinFin on:
Twitter: ( @ ) XinFin_Official
LinkedIn:
https://www.linkedin.com/company/xinfin/Telegram:
https://t.me/xinfintalk
