Friday, June 2, 2023
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us
BitScoop
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • METAVERSE
  • WEB3
  • ANALYSIS
  • REGULATIONS
  • SCAM ALERT
CRYPTO MARKETCAP
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • METAVERSE
  • WEB3
  • ANALYSIS
  • REGULATIONS
  • SCAM ALERT
CRYPTO MARKETCAP
BitScoop
No Result
View All Result
Home Crypto Updates

CEX.IO Highlight: XDC Community – Bitcoin & Crypto Buying and selling Weblog

by BitScoop
June 7, 2022
in Crypto Updates
Reading Time: 2 mins read
A A
0
CEX.IO Highlight: XDC Community – Bitcoin & Crypto Buying and selling Weblog
Share on FacebookShare on Twitter

[ad_1]

Picture Supply: thecurrencyanalytics.com

The XinFin Community’s Token: XDC

XDC is the XDC Community’s native token and can be the bottom utility token of the XDC hybrid blockchain. The XDC token additionally acts as a forex for settling dApps transactions constructed on the XDC hybrid blockchain. 

XDC stands for XinFin Digital Contract and this token is the native cryptocurrency that powers the XinFin blockchain. Consequently, it additionally permits builders to generate new varieties of XDC-based tokens that use good contracts to energy dApps. Understand that nearly all of XDC-based cryptocurrencies are based mostly on the XRC-20 token requirements. 

Concurrently, XinFin good contracts symbolize an important innovation in blockchain expertise. On the XinFin community, good contracts are self-executing contracts that implement, confirm, and facilitate transactions on the blockchain. 

Governance

As talked about above, the XDPoS Consensus doesn’t use miners, however fairly validators and nodes. Not like the PoW (Proof of Work) consensus mechanism, which makes use of vital sources and computational energy, the XDPoS Consensus mannequin is a sustainable and environmentally-friendly mechanism.

Securing the XinFin community takes place with the assistance of Masternodes and validator nodes. Validators reject or settle for transactions earlier than Masternodes can append them to the blockchain. Moreover, each validator should set up a UNL (Distinctive Node Record) for storing details about the nodes they work together with often.

Amongst different features, Masternodes exist to facilitate the community’s decentralized governance and append blocks of transactions to the blockchain.

Staking XDC

In case you are seeking to earn extra XDC — along with those you have already got — staking is usually a viable choice. You’ll be able to stake XDC as a community member (Masternode) and earn XDC rewards on the community.

Staking entails holding funds in a crypto pockets for the aim of supporting the blockchain community’s operations. In essence, this course of requires locking in your cryptocurrencies in change for receiving rewards. 

As an example, you may stake 10 million XDC out of your pockets and use a one-click installer to run a grasp node. Nonetheless, it’s best to be aware that the entire price of internet hosting a grasp node will rely on two elements. The primary is the price of internet hosting a grasp node on the server and the second issue is the market worth of 10 million XDC.

[ad_2]

Source link

Related articles

Hut 8’s BTC Production Dips 17% in February, Plans Sale to Fund Operations

Hut 8’s BTC Production Dips 17% in February, Plans Sale to Fund Operations

March 7, 2023
A Dozen Reasons Why the SEC Should Have Approved Grayscale’s Spot Bitcoin ETF

A Dozen Reasons Why the SEC Should Have Approved Grayscale’s Spot Bitcoin ETF

March 7, 2023
Tags: altcoinsBitcoinbitcoin pricebitcoin updatesbitscoopBlogCEXIOCryptocrypto newscrypto updateslatest bitcoin newsNetworkSpotlightTradingXDC
Share76Tweet47
Previous Post

Highlight on LatAm: Identification options for Govtech

Next Post

On-line Perpetrators Steal Ethereum And NFTs From Yuga Labs By Server Hack

Related Posts

Hut 8’s BTC Production Dips 17% in February, Plans Sale to Fund Operations

Hut 8’s BTC Production Dips 17% in February, Plans Sale to Fund Operations

by BitScoop
March 7, 2023
0

Hut 8 Mining, one of North America’s largest digital asset miners, released its February production figures on Tuesday, reporting an...

A Dozen Reasons Why the SEC Should Have Approved Grayscale’s Spot Bitcoin ETF

A Dozen Reasons Why the SEC Should Have Approved Grayscale’s Spot Bitcoin ETF

by BitScoop
March 7, 2023
0

The core argument in favor of approving a spot bitcoin ETF, at least at this time, is that the SEC’s...

XRP, MATIC Rebound on Tuesday, Following Recent Lows – Market Updates Bitcoin News

XRP, MATIC Rebound on Tuesday, Following Recent Lows – Market Updates Bitcoin News

by BitScoop
March 7, 2023
0

Xrp rose higher in Tuesday’s session, as prices continued to move away from a long-term support point. Overall, sentiment in...

New Layer-2 Network May Include AML measures, Coinbase CEO Says

New Layer-2 Network May Include AML measures, Coinbase CEO Says

by BitScoop
March 7, 2023
0

Due to this increased watch over the crypto space, many firms have been scrutinized and found non-compliant with specific rules....

Kraken to Open Crypto Bank Amid US Regulatory Dispute

Kraken to Open Crypto Bank Amid US Regulatory Dispute

by BitScoop
March 7, 2023
0

Kraken, one of the major cryptocurrency exchanges, confirmed its plans to launch a crypto banking suite in the foreseeable future....

Load More
Next Post
On-line Perpetrators Steal Ethereum And NFTs From Yuga Labs By Server Hack

On-line Perpetrators Steal Ethereum And NFTs From Yuga Labs By Server Hack

24% American Households Bought NFTs or Crypto, Examine Reveals

24% American Households Bought NFTs or Crypto, Examine Reveals

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
Hut 8’s BTC Production Dips 17% in February, Plans Sale to Fund Operations

Hut 8’s BTC Production Dips 17% in February, Plans Sale to Fund Operations

March 7, 2023
Crypto Projects Are Taking Advantage of Shibarium Hype, Warns Lead Shiba Inu Developer

Crypto Projects Are Taking Advantage of Shibarium Hype, Warns Lead Shiba Inu Developer

March 7, 2023
Guide to Using Multisig Wallets to Secure Your Crypto [2023]

Guide to Using Multisig Wallets to Secure Your Crypto [2023]

March 7, 2023
Argo Blockchain Continues To Increase Bitcoin Mining, Outpacing Difficulty Growth

Argo Blockchain Continues To Increase Bitcoin Mining, Outpacing Difficulty Growth

March 7, 2023
The 2023 Guide to Avalanche’s Fuji Testnet & Avalanche Faucets

The 2023 Guide to Avalanche’s Fuji Testnet & Avalanche Faucets

January 10, 2023
How to Pay a BitPay Invoice with Polygon

How to Pay a BitPay Invoice with Polygon

November 8, 2022
Crypto Projects Are Taking Advantage of Shibarium Hype, Warns Lead Shiba Inu Developer

Crypto Projects Are Taking Advantage of Shibarium Hype, Warns Lead Shiba Inu Developer

March 7, 2023
Hut 8’s BTC Production Dips 17% in February, Plans Sale to Fund Operations

Hut 8’s BTC Production Dips 17% in February, Plans Sale to Fund Operations

March 7, 2023
Guide to Using Multisig Wallets to Secure Your Crypto [2023]

Guide to Using Multisig Wallets to Secure Your Crypto [2023]

March 7, 2023
Argo Blockchain Continues To Increase Bitcoin Mining, Outpacing Difficulty Growth

Argo Blockchain Continues To Increase Bitcoin Mining, Outpacing Difficulty Growth

March 7, 2023
A Dozen Reasons Why the SEC Should Have Approved Grayscale’s Spot Bitcoin ETF

A Dozen Reasons Why the SEC Should Have Approved Grayscale’s Spot Bitcoin ETF

March 7, 2023
Judges Consider Grayscale’s Arguments In Bitcoin ETF Hearing Against SEC

Judges Consider Grayscale’s Arguments In Bitcoin ETF Hearing Against SEC

March 7, 2023
Facebook Twitter LinkedIn Tumblr
BitScoop

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at Bitscoop

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • Mining
  • NFT
  • Regulations
  • Scam Alert
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Bitscoop.
Bitscoop is not responsible for the content of external sites.

No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • METAVERSE
  • WEB3
  • ANALYSIS
  • REGULATIONS
  • SCAM ALERT

Copyright © 2022 - Bitscoop.
Bitscoop is not responsible for the content of external sites.