1) In this post we will provide a brief overview on #XDC so there is greater understanding of what it is. But first, we want to clarify what it isn’t. The cryptocurrency landscape is replete with hype and wild claims. There is no such thing as a better #Bitcoin and there is no

2) #Ethereum-killer. Those making such claims either do not fully understand the scope of these assets or are trying to intentionally mislead to profit off new market participants. XDC that was developed by XinFin (a team of developers based in Singapore) is addressing a critical

3) need. Buying and holding XDC is completely unrelated to Bitcoin or any other digital asset. It is as different as investing in real estate and buying Google shares. As you can probably imagine, in corporate boardrooms at institutions around the world the fear is palpable. They

4) are facing a mass extinction event due to unprecedented technological disruption. If you have ever used DeFi protocols, the writing on the wall is obvious. It is difficult to see a future in which anyone would need a bank account or any bank services at all. This is an adapt

5) or die environment for traditional finance. Hence there is a very clear and urgent need to bridge legacy systems with the capabilities of blockchain and smart contract protocols to remain relevant and to offer customers completely frictionless, instant, and cost effective

6) services. However, institutions also cannot use public protocols because some data must be kept private. For this reason XDC is a permissioned protocol allowing a private chain to run along with the permissionless decentralized chain. Interoperability allows centralized

7) components of an institution to work seamlessly with a decentralized blockchain. Any smart contract developed for Ethereum can run on XDC allowing for the most sophisticated DeFi features while the private chain prevents sensitive private data from leaking from inside

8) the organization. This makes XDC a consortium blockchain where anyone can participate on the public blockchain whereas the private chain is accessible only by authorized individuals. XDC nodes that validate transactions, require a significant investment to operate and penalize

9) anyone who tries to compromise the network via a smart contract. Although it is fully Ethereum compatible and uses Solidity for programming, XDC transaction fees are about 99% lower. Every part of the XDC infrastructure has been built specifically for institutional adoption

10) which includes allowing only fully audited smart contracts to run, stringent KYC & vetting process to operate a node, signing of blocks by the node that created it, and applies English Common Law in the event of disputes among many other features. XDC started out by helping

11) various banks run SWIFT more efficiently and was built in this environment. In its November 2020 report the World Trade Organization described XDC as “network-of-networks” that includes participants like Validus, Enigio, Ramco, ITFA, and WOA. Finally, the use of Bitfi 2

12) technology is the final step to ensure that interactions with this protocol is secure due to Bitfi’s innovative security and track record as the only wallet where no user has ever experienced a loss due to a hack or exploit. As you can see, XDC is completely unrelated to

13) Bitcoin and other digital assets and is not attempting to compete with any of them. This above is just a brief overview and we will post more content in the near future.