ایکس‌دی‌سی XDC / XDC Network

What Is XDC Network (XDC)?

The XDC Network is a blockchain developed to support trade finance and the tokenization of real-world assets (RWAs). An EVM-compatible blockchain, XDC Network utilizes a state-of-the-art Delegated Proof of Stake (DPoS) consensus engine to provide high-level security, fast transaction times and improved scalability. The network features a Layer-2 subnet system allowing users to launch sovereign and privacy-preserving side chains that inherit the security of the XDC mainnet. This system makes XDC Network uniquely equipped to support those who require dedicated blockchain environments for enhanced permissions and control, such as government agencies, financial institutions, and businesses.

As of Jan 6, 2025, there are 300+ XDC Network validator masternode candidates, of which 108 actively operate as validator masternodes, and the remainder operate as standby masternodes. Each masternode operator is required to stake 10M XDC. In Q4 2024, the XDC mainnet successfully upgraded to XDC 2.0. XDC 2.0 incorporates the theoretical maximum Byzantine fault tolerance security and novel forensics monitoring system into the consensus mechanism. Developed by an expert protocol team led by Professor Pramod Viswanath from Princeton University, XDC 2.0’s cutting-edge compliance technology ensures unprecedented Byzantine fault tolerance (BFT) by holding validators accountable for their actions on an automated yet discretionary basis.

Who Are the Founders of XDC Network?

XinFin, a Singapore-based fintech company providing enterprise-grade blockchain solutions for international trade and finance, was established in 2017 by Ritesh Kakkad and Atul Khekade. XinFin launched the XDC Network. The XDC mainnet went live in 2019.

Kakkad is a serial tech entrepreneur with decades of experience in cloud computing. Khekade, a computer engineer by training, played the leading role at MonetaGo in creating the first permissioned blockchain network for a consortium of the most prominent Indian banks. Kakkad and Khekade set out to build an enterprise-ready blockchain uniquely suited to liquifying global trade finance. With that overarching goal in mind, they engaged André Casterman, who, after spending 20+ years at SWIFT, now serves in a prominent leadership role for the XDC Network and drives innovation by shepherding various network use cases across traditional finance.

What Makes XDC Network (XDC) Unique?

The XDC Network sets itself apart through its community of participants who make ongoing contributions to its position within the Real World Assets (RWA) and Trade Finance industries.