Review on XinFin Network by Ogulnar Annamuhammedova

XinFin (XDC) is a hybrid blockchain technology company specializing in international trade and finance. We have developed a highly scalable, secure, commercial grade permissioned Blockchain architecture.

Over the past few years, an important innovation, colloquially known as "blockchain", has emerged as a potentially disruptive technology. At the heart of innovation is the concept of a distributed cryptographic database. A database, also called a ledger,

served by a network of computers.

The ledger allows the entire network to create, evolve, and track an immutable record of transactions. To date, the most successful blockchain application has been Satoshi Nakamoto's cryptocurrency known as Bitcoin, which he described in his seminal paper, Bitcoin: A Peer-to-Peer Electronic Money System, in 2008. This powerful technology is still implicated in numerous cryptocurrencies existing on the network. Financial institutions are just beginning to understand the potential applications of blockchain in traditionally regulated industries.

The Xinfin blockchain played an important role, especially during this period when decentralized finance - DeFi was a buzz in the blockchain and cryptocurrency ecosystem. Pappalage, a staunch supporter of the coin, tweeted.

Built as a hybrid blockchain for enterprises, Xinfin has become a great tool recognized by the trade finance industry. In addition to this, with XDCe, holders can participate in other Defi applications such as Bancor's liquidity pool to receive rewards.

Ruslan Wing, in a Medium article dated April 29, explained the reasons why Ethereum developers should migrate their Dapps to the Xinfin hybrid blockchain. Faster transactions, lower transaction fees, shorter block times and low power consumption consensus.

➖ Government authorities will obviously have to welcome this innovation so that XinFin can be used in any capacity. We constantly see governments revert to traditional ways of doing business, especially when it comes to finance and infrastructure financing. XinFin is best positioned to demonstrate to governments the benefits of blockchain technology for financial applications.

➖ There are no other worries here. A fantastic fintech app that could potentially help a lot of government agencies around the world if they decide to accept it. We often see blockchain technology as the big middle finger for government and the “establishment,” so it's nice to see a team that understands that government and blockchain can really go together.