What Is XinFin (XDC)?
XinFin is a hybrid blockchain platform that is built to modernize the global trade and finance sector through an accessible, efficient, and highly versatile decentralized infrastructure solution.
XinFin is designed to complement the legacy financial ecosystem by providing a permissioned blockchain that governments, enterprises and private firms can use to overhaul their tech stack and power a range of novel use cases.
The platform was funded through an initial coin offering (ICO) in March 2018, which raised $15 million. The XinFin mainnet went live just over a year later in June 2019, becoming one of the first smart-contract blockchains to use proof-of-stake (PoS) consensus.
XDC is the fuel token of the XinFin network. Much like Ethereum’s Ether (ETH), it is used for paying transaction fees and smart contract operations. It can also be staked to participate in XinFin’s validator network and for deploying smart contracts.
XinFin’s XDC is a hybrid protocol that takes the best parts of Ethereum and IBM’s Quorum platform to provide a solution to the inefficiencies in the global financial markets.
SERIAS FINTECH supports XINFIN by holding XDC and further POS/XDPOS