XinFin is an open-source hybrid blockchain platform that utilizes a Delegated Proof of Stake (XDPoS) consensus mechanism to enable secure and efficient smart contract execution for trade finance and payment applications. The XDC Network addresses the need for high-throughput, low-latency transactions, achieving over 2000 transactions per second with minimal fees, thereby enhancing liquidity and interoperability in financial systems.
Funding
$35.3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional trade finance and payment systems suffer from inefficiencies, high costs, and lack of transparency, hindering seamless transactions and liquidity, particularly in cross-border scenarios. Existing systems often struggle with slow processing times, limited interoperability, and reliance on intermediaries, creating friction for businesses.
Solution
The XDC Network is a decentralized, open-source, enterprise-grade blockchain designed to facilitate efficient and secure smart contract execution for trade finance and payment applications. Utilizing a Delegated Proof of Stake (XDPoS) consensus mechanism, the network achieves high throughput and low latency, enabling over 2000 transactions per second with near-zero transaction fees. By tokenizing real-world assets and financial instruments, XDC Network enhances liquidity and interoperability, streamlining processes for businesses and financial institutions. The platform's EVM-compatibility allows developers to build and deploy decentralized applications (dApps) with ease.
Target Audience
The primary target audience includes enterprises, financial institutions, and developers seeking a secure, scalable, and efficient blockchain platform for trade finance, payments, and decentralized applications.
Features
- Delegated Proof of Stake (XDPoS) consensus mechanism for high throughput and energy efficiency
- Support for 2000+ transactions per second with low transaction fees
- EVM-compatible smart contract execution
- ISO 20022 compliant messaging for interoperability with legacy systems
- Tools for secure smart contract deployment and asset tokenization
- Interoperability via Corda and Wanchain bridges
- Comprehensive API documentation for developers