Is XDC going to replace Ripple?
XDC is everywhere
When I open YouTube, I get at least two recommended video's about XDC. Up until two weeks ago, I had never even heard about XDC. But after a bit of research, I found out that it has some really promising potential. At least, when we talk about crypto currency collaborating with banks. As XRP or Ripple was said to be the crypto of the banks a few years ago, now there is XDC. And there are multiple reasons for that. First of all, it works fast, as a bespoke fork of Ethereum, with a delegated Proof Of Stake mechanism, there is only two second transaction time, with very low gas fees. And it can handle 2000 transactions per second.
Validators have to perform a small Proof Of Work, have to stake 10 milliond XDC and do KYC to become validators. At this time over 210 validators are candidate, only 108 are actively necessary.
Trade Finance Distribution Initiave
The TDFi, a group of the biggest banks in the world together with non-financial institutions invited XDC network to join the group. Which is a major leap for a crypto project. And that is because of the immense growth XDC network has gone through the last 12 months. Over 900000 accounts were added, 4000 smart contracts and more than 100 masternodes.
XDC network was therefor mentioned in the latest report of the World Trade Organization, "The promise of Tradetech". Together with the news of the Bank of International Settlements to allow banks to hold 2 % of their reserves in crypto or stablecoins, XDC seems to be one of the major crypto currencies for banks to be involved in...
It all is a bit early, but XDC network could be the new and better XRP.
To be continued...
Sincerely,
Pele23
Posted Using LeoFinance Beta
I heard about it yesterday for the first time funny enough. 2000TPS is my only worry however as COTI is 100K TPS so 50 x more. Maybe they can scale up so I will definitely look into this.
It handled 2 thousand transection per second. I think this good for users. I think this coin achievements is valuable and people's going to buy this coin for 10 to 20x profit. Thanks for sharing this valuable review about this coin.
Dear @pele23, sorry to jump in a bit off topic but may I ask you to support the HiveSQL proposal?
Your help would be much appreciated to keep the HiveSQL service free for the Hive community.
You can do it on Peakd, Ecency, Hive.blog or using HiveSigner.
Thank you for your support!
I think it's good in terms of transaction speed but I just wonder how much we can trust it if the WTO believes in it. I know the biggest banks have been investing some funds into crypto but I don't think I have heard any of them talk about XDC.
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