XinFin (XDCE) was created by the open-source Ethereum platform with the goal of providing a blockchain solution platform. It is marketed to help build and trade global infrastructure.
XinFin is a non-profit organization working with the government to close the $ 5 trillion budget deficit worldwide. The organization was created due to the need to help governments fund infrastructure projects using XDC tokens.
The platform is supported by Xchange Infinite Development Contract (XDC) tokens that allow users to enjoy the privileges of cryptocurrency trading activities through the consolidation of smart contracts of financiers, who seller and buyer. Another advantage is that the market will accelerate cross-border transactions instantly using XDC.
What is XDCE?
XinFin has issued a redeemable token as a security token, XDCE. Token issuance: ERC20 has many benefits for traders, private investors, as well as institutional level partners. XDCE tokens will largely be for traders who compete with other ERC20 tokens on exchanges making XinFin’s range more flexible in the Crypto market and it can be exchanged with standard XDC tokens. Currently, XDCE tokens will be available and will be traded on most exchanges. This means that investors will get the benefit of large volumes and trade quickly through multiple exchanges. Traders, using the XDCE token, will allow the XDC01 token (XDC) to be used primarily for institutional level partners. Most importantly, this will also allow the XDC01 to grow seriously from use cases, all while keeping the traders, using XDCE.
Features of XinFin
Truly Democratic Process
XinFin’s XDPoS has proven to be the most democratic process due to the fact that even a normally configured machine can carry itself as a validator node. The prospect of serving horizontal scale by adding new nodes is well supported by the algorithm design of XinFin XDPoS.
Environment Friendly
XinFin’s XDPoS algorithm has passed the ‘environmentally friendly’ test. There is absolutely no high energy requirement for placing XDC tokens. This is underpinned by the fact that a regular computer can be used to place an XDC token.
Equipped with KYC enforcement
XinFin public XDPoS consensus algorithm (XDC) is equipped with KYC implementation on the nodes themselves, thus solving significant problems with traditional enterprise KYC providers. This will help streamline business adoption. The Self-KYC feature of consensus allows business customers to create and manage their own identities by uploading all the necessary details and documents and allowing participants access to the KYC data. This adds a KYC standard that is friendly to both enterprise participants and regulators.
Agile and alacritous
XinFin’s blockchain is very agile and alacritous. XinFin ‘s hybrid chain has recorded transaction speeds of up to 2000 TPS on the public chain with unlimited horizontal ratios due to multiple private chains running at the same time. Such numbers create an enhanced user experience, currently missing in the ecosystem.
Reduced manifold
Upcoming sharding will bring some changes in the blockchain ecosystem. For example, managing chain data will be simpler than ever. The entire cost of keeping in sync with the entire blockchain history will be split and, as a result, will reduce diversity.
Provision for light nodes / regulatory nodes
If a peer node does not want to participate in consensus still in the network, they can act as “light nodes” or “regulatory nodes”. These nodes do not hold the entire blockchain’s data chain. XinFin’s hybrid Blockchain architecture allows light nodes / regulatory nodes to work smoothly.
Team
Ankit Patel – Director
Ankit, a young and skillful talent with a knack for research and innovation, has made a tremendous contribution as a Java Developer. His area of expertise is XDC research and development. Despite his years of limited experience, he is well versed in blockchain technology and is currently working on cross-border payments through XDC.
Ritesh Kakkad – Co-founder, Blockchain strategist
As a serial entrepreneur working on the idea and development of cloud hosting services and web infrastructure company, Ritesh’s work has been recognized by Microsoft and BBC. For more than 20 years, Ritesh has accumulated a wealth of experience in the areas of Cloud Hosting, Cloud Setup and Internet-Architectural. Ritesh is currently leveraging its experience at XinFin in the areas of Blockchain and protocol setup.
Atul Khekade – Early Investor & Ecosystem Development
With over 14 years of technology experience, Atul has played an important role in conceptualizing and demonstrating the first authorized Blockchain system for the group of leading Asian banks. He is dedicated to developing alliances and investor management, and aims to close the Government’s infrastructure gap of $ 5 trillion, using XinFin Blockchain applications.
Similar to Dharap – Vice President, Blockchain Application
With over 13 years of experience in Management Consulting & Transaction Consulting with KPMG & PwC, Sameer has led consulting commitments in Strategy, Supply Chain, Performance Improvement and Transaction Consulting for 500 customers, PE players and government facilities. He has worked on 20 industries, project management skills and the ability to understand strategic goals that will help XinFin form a solid foundation for an application-based business model.
Conclusion
The core idea behind XinFin’s initiative is to make transactions safer and more transparent between parties involved in a cross-border transaction. XinFin, as an organization, believing in setting up an environment will help businesses thrive without having to worry about the hassle of international fund transfer.
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