XDC network is coming with a BIG upgrade!
XDC network is coming with a BIG upgrade!
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The XDC Network is a blockchain developed to support trade finance and the tokenization of RWAs. A highly optimized, EVM-compatible Layer 1 blockchain, XDC Network reaches consensus through a delegated proof-of-stake (dPoS) mechanism, which allows for a transaction time of mere seconds, near zero gas fees, and a high number of transactions per second (TPS).

XDC is now getting a major upgrade as XDC 2.0 is going live on the mainnet. This critical upgrade brings key enhancements including improved security, scalability, and faster transaction speeds, all designed to elevate user experience and strengthen XDC’s position as a leading enterprise blockchain.

Security meets accountability

For the first time in blockchain, XDC 2.0 introduces forensic monitoring that can catch bad actors in real time. It’s like having a built-in detective ensuring the network’s safety. Through a Byzantine fault-tolerant consensus system that disincentivizes malicious activity. Imagine blockchain as a space where security isn’t just about trust, but about accountability.

Subnets

 XDC Network is getting smarter. With XDC 2.0, you’ll be able to spin up subnets. Think of them as customizable mini-blockchains. Each subnet is as secure as the XDC mainnet, but you get full control over privacy & data. Ideal for enterprises & sensitive industries. These will allow organizations to create permissioned blockchain environments - retaining XDC's mainnet security with the benefit of forensic monitoring.

Subnets come with a full toolkit:
- Subnet Generator to spin them up
- Subnet Manager for easy management
- Subswap to move assets across subnets
- XDC Zero for seamless cross-chain interoperability

Payments 

XDC 2.0 will enhance the payment ecosystem by providing secure, efficient, & scalable infrastructure for cross-border payments. With its enhanced architecture, financial institutions will have a powerful blockchain option to rely on.

With its forensic monitoring, subnets, & advanced security features, XDC 2.0 is set to elevate the network’s capability in ways that few other blockchains can match.

Disclaimer: 
This article is sponsored by XDC Network and Giottus Crypto Platform advises readers to verify the accuracy of information independently before engaging with any advertised products or services. Please do your own research.

 

Published on: 25th September, 2024
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