• Reports say that the XDC Network, through community engagement, expanded upon its predecessor’s vision for a scalable, decentralized ecosystem.
• XDC Network can be used to create innovative solutions in Trade Finance and Remittances.
• Therefore, many people have come to regard XDC Network as the new “Ethereum-killer”.

Many blockchain projects, including its technology, have been created since the creation of blockchain. They offer alternatives to the Bitcoin store-of-value and disrupt the status quo. Many emerging blockchain projects seek to improve on their predecessors’ technology. The XDC Network is a growing blockchain platform that has improved upon its predecessor’s, Ethereum’s, vision for a decentralized, blockchain-powered ecosystem that features code-enforceable smart contracts. XDC Network can be used as a Virtual Machine (EVM), which allows it to attract a wide community of Ethereum developers. It also encourages Dapps that are already built on Ethereum Network to move to XDC. Other factors making it appealing to develop on XDC Network include near zero gas fees and a 2 second transaction speed.

People are becoming more aware of the fact that XinFin (and the XDC Ecosystem) have established a worldwide network to connect users to decentralized application marketplaces. These dApps, moreover, offer unparalleled efficiency, security, and user control through the XDC Network’s fundamental technology. The network offers developers easy-to-use on-ramps that allow them to quickly and easily build apps on top of XDC. XDC Network, a standout technology that is transforming utility into a mainstream platform, acknowledges its potential.

XinFin Head of North America Ecosystem Development — Billy Adams, said in an article,

XDC teams are working diligently to optimize the network’s technology offerings and provide the resources needed for developers to easily build on the XDC Network. Developers who are experienced and those with utility will feel at home in our network. Our ecosystem includes many tools to help developers save time, effort and money as they embark on the adoption process.

Comprehensive review of XDC Network reveals a wide range of uses for XDC Network. Notably, the network’s native currency — XinFin Digital Contract (XDC) powers the entire network. This allows developers to develop new types of XDC tokens that can be used as the basis for smart contracts. These smart contracts are self-executing — they facilitate and enforce transactions on the blockchain.

XDC, a permissionless cryptocurrency, allows developers the freedom to build and maintain applications, without the need for a central authority. Currently there are many dApps that have been developed on XDC Network. These apps generate thousands of dollars and millions of users.

With that said, let’s take a look at the major decentralized use-cases of XDC Network so far.

The first is StorX — a distributed cloud storage that is powered by XDC Network. The cloud storage network allows users to securely store and protect data on the internet.

XinFin also partnered up with Tradeteq in order to offer tokenized trade finance products to investors. Tradeteq provides technology for the distribution of trade finance assets. Moreover, Tradeteq’s platform, which operates on the XDC Network, enables originators to package trade finance products into standardized investments that can be bought and sold through private distribution networks.

Next is Plugin — a decentralized oracle platform. This provides cost-effective solutions that can be used to build smart contracts within the XDC environment. The Plugin also collects data and gathers it from various sources. This ensures the correct values are provided to users.

Another is LedgerMail — it is the world’s first decentralized email service that has the power of blockchain and XDPoS consensus, as well as cryptographic algorithms and a zero-trust mechanism. It works on the XDC Network.

XinFin, Butterfly Protocol and Butterfly Protocol recently announced that the Butterfly Protocol Blockchain Domain System will be using a XDC Network specific domain system.

Additionally, there’s WadzPay, a prominent blockchain-based payments platform that partnered with XinFin. Wadzpay’s offerings in Trade Finance and in the Buy Now Pay Later (BNPL), products will be enhanced by XinFin.

GLOBIANCE also recently introduced fiat-pegged stablecoins on XDC Network (SGDG, EURG). To take advantage of the speed and near-zero transaction times, the stable coins were issued via XDC Network. Two other stable coins STASIS EURO, and USNota were issued recently on XDC Blockchain Network.

Globiance, XSWAP and the Decentralized Exchange side released a DEX in support of the XRC20 tokens on the XDC Network.

The myriad use cases for the XDC Network show how the blockchain network is able to provide solutions that are beneficial to many sectors and industries. In fact, these advantages make a clear case for how the XDC Network can become known as an “Ethereum-killer.” Ultimately, Ethereum has many gaps that XDC Network is well-suited to fill in the blockchain industry, especially regarding transaction cost and speed.

The future for XDC Network looks bright, and we are eager to see what happens.

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