Review on XinFin Network by Alex Martakov

Name: XinFin Network
Item: XinFin Network
Rating: 5

March 23, 2019

More importantly, this network has achieved what Ripple, Ethereum and Bitcoin…

More importantly, this network has achieved what Ripple, Ethereum and Bitcoin are still working on. The developers of XinFin managed to create a blockchain Protocol that combines smart contracts and normal transactions between users. In addition, XinFin were able to do this with cheaper and faster transactions, offering users a hybrid network with cross-chain functionality. I like this project, we'll see how it develops and how it will gain momentum! Good luck
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Pros

The XinFin platform (XDCE) is a next-generation financial system created, according to the developers, to Supplement, not replace, the current financial ecosystem. XinFin (XDCE) is an extremely secure, scalable, expert – approved blockchain network that is essentially a fork of two fundamental blockchains: Ethereum (ETH) and Quorum (supported by JPMorgan). XinFin was developed based on the XDC01 Protocol, which supports both smart contracts and the KYC/AML approach. The platform uses two digital tokens. The first, the" native " erc20 token, is called XDC (XinFin Digital Contract) and is required for user participation in the network. Looking at the young project XinFin (XDCE), you can see with the naked eye all its advantages over its more popular competitors. For example, Bitcoin (BTC) is stupid at the stage of transaction confirmation, as a result of which transaction confirmation can take too much time. Confirmation from Ethereum (ETH) is an average of 14 seconds, which is much better than in the case of Bitcoin. However, Ethereum (ETH), in turn, has scaling issues. Total Ethereum confirm only 3-7 transactions per second. XinFin (XDCE) is clearly ahead of these popular platforms. The network is able to confirm 300 transactions per second, allows the use of smart contracts (as opposed to Bitcoin), ensures the confidentiality of transactions (as opposed to Ethereum) and supports the ability to interact with other blockchain networks (as opposed to Ripple).

Cons