Review on XinFin Network by francis fernandez
XinFin Network: integrating blockchain technology to companies
XinFin is a platform whose native currency is XDC, with a maximum issue of XDC 37,610,977,309.
XinFin is a mixed blockchain network that offers e-commerce services to companies both internationally and locally. It is considered a hybrid network because it combines the benefits of private blockchains and public blockchains.
What is the protocol used by XinFin?
XDC infrastructure supports smart contracts, 2 second time per transaction, 2000 TPS, KYC Masternodes validator.
This platform employs XinFin's Proof of Stake Delegation (XDPOS) consensus mechanism in order to develop a highly scalable, secure, reliable and marketable blockchain network.
The XDPOS protocol brings important advances to the blockchain by allowing agility in consensus and power optimization.
Other benefits of the XDC protocol is to achieve high network operability with the programming of central banking systems, SWIFT, among others; making it compatible with ISO 20022 messaging.
XinFin also has the support of Official Organizations and important digital allies such as: the World Trade Organization, International Chamber of Commerce, R3, Circle, Temasek, ramco, Aix, among others.
XinFin, through the use of its XDC token, also allows trading digital assets; allowing small businesses to obtain financial income in this way.
Pros
- Combine public and private blockchain technology to allow you to get the best of each.
- It offers the possibility of designing smart contracts based on the use of its platform.
- Employs XDPOS consensus protocol to speed up block completion instantly and achieve inter-network operability.
Cons
- The maximum issue of XDC is relatively high compared to other cryptocurrencies on the market; which could turn it into an inflationary digital currency.
