XDC Network (XDC) Price Forecast for 2022 - 2030. Should You Buy It Now?

What is XinFin?

The XDC Network cryptocurrency is an ERC-20 token, which is the main asset for network management and serves as a settlement mechanism for dApps (Distributed Applications - distributed applications that run inside the blockchain itself. They work on a supercomputer consisting of mining machines), built on the hybrid blockchain XinFin. It is also a hybrid protocol that uses the best elements of the Ethereum and IBM Quorum platforms.

XDC is a hybrid blockchain platform that aims to modernize the global commercial and financial sector with an affordable, efficient and highly versatile decentralized infrastructure solution.

XDC aims to complement the existing financial ecosystem by providing an active blockchain that governments, businesses and private companies can use to modernize their technology stack and apply a number of new use cases.

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Features of XDC Coins

First, let's see the main stats of the token.

The creators position XDC as a decentralized, hybrid, functionally capable and seamless network. The XDC blockchain is based on the XDC protocol, which is built on a first-of-its-kind hybrid blockchain architecture to eliminate inefficiencies in global trade and finance and allows institutions to make payments in real time and conclude cross-border smart contracts.

The XDC protocol is aimed at supporting smart contract levels, KYC/AML levels and price stability using hedge pooling (insurance focused on maximizing profits at a given risk or minimizing risk at a given profit) for existing cryptocurrencies BTC, LiteCoin, Ripple. The XDC protocol also supports fiat payment methods and will support future domestic cryptocurrencies.

The main goal of XDC is to minimize the global infrastructure gap by providing peer-to-peer financing between governments, corporations, buyers and suppliers for efficient capital allocation and project implementation.

According to XDC, the entire XDC network consumes about 74 One hundred thousandths TWh of electricity to maintain consensus, while the networks are reported to consume BTC 71.12 TWh and ETH 20.61 TWh respectively to achieve the same result. This makes XDC Network one of the most environmentally friendly blockchains currently in operation.

The ultra-efficient consensus mechanism also allows transactions to be carried out in less than 2 seconds with virtually zero transaction fees.

A functional blockchain network for global trade and finance, providing digitization, tokenization and instant settlement of trade transactions, increases efficiency and reduces dependence on complex currency infrastructure, providing financial institutions with greater flexibility in managing liquidity.

How the XDC Network algorithm works

The platform allows organizations to participate in the global trading market with minimal costs thanks to high-performance smart contracts and real-time settlement capabilities. XinFin believes that this will make cross-border transactions much more efficient, providing the possibility of both public and partial use.

XDC uses the ISO20022 financial messaging standard to ensure compatibility between hybrid blockchain and legacy financial systems, allowing companies and governments to easily transform their centralized systems into a more secure, decentralized network using the capabilities of XinFin Digital Contract smart contracts.

Thanks to compatibility with EVM (Ethereum Virtual Machine), developers can easily deploy ETH smart contracts on the XDC chain without any modifications.

One of the most important points is that the XDC architecture allows you to support public, private and consortium chains that can be used for almost any purpose. Until now, XinFin has been used for money transfer and peer-to-peer trading platforms, blockchain-based insurance, online identification, etc.

Since its launch, XDC has implemented the MainNet public network, expanded its ecosystem of partners and products, and released the first stable SGDg and EURg coins. For the rest of 2021, the network team has been establishing relations with digital asset repositories, integrating R3 Cordite and introducing Multi-Sig capabilities into the platform. (Multi-sig is a type of digital signature that allows two or more users to sign documents together as a group).

Coin Prospects

Created as a hybrid blockchain for business, XDC has become an excellent tool recognized by the trade finance industry. Additionally, with XDC, holders can participate in other DeFi applications such as "liquidity pools" to receive rewards.
Currently, it offers rewards to developers who launch and implement interesting, reliable smart contracts online. This opens up the possibility for DeFi developers to run their Dapps on a blockchain that is better than Ethereum.

Currently, the platform has a rapidly growing ecosystem of applications. The XDC MainNet token is supported by an ecosystem of wallets and exchanges, including the first-level exchange. Anyone who wants to interact with Dapps on the XinFin network can buy XDC on open markets. This attracts many users to invest in the coin, hence the price will rise due to demand.

How to mine and buy XDC

Mining on the XDC Network (XDC) is not possible. The XinFin network is protected by a common PoS (Proof-of-Stake) consensus. Thus, token mining cannot be carried out using computer power. Instead, mining is conducted using the betting method.

Alternatively, the XDC can simply be purchased for USDT or FIAT. The best exchanges for trading XinFin are currently Bitfinex, KuCoin, HitBTC, Binance, etc.

If we talk about buying a coin, then this cryptocurrency is very cheap, and you can buy it, but not for much. Although XDC Network is among the 150 coins with the largest market capitalization, investors should be careful. In addition, XDC was released only 3 years ago, so XDC needs further development. 

XDC price prediction for 2022 - 2030

The XDC price has started to go through a series of spikes in April of 2020 but the real rally began in January 2021. Since that time, the coin proved the ability for the huge growths.

Experts are very optimistic about the nearest future of XDC. Even by the moderate accounts, the price should reach $0.08 on average by the end of 2022. In 2023, it will gain some more reaching $0.13 at best. By the end of 2024, the token is expected to touch the 20 cents per token mark. In the next year, it the price can grow by 10 cents more. Exoerts expect the steady yet slow growth of the XDC token in the following years. By the end of 2030, the price can reach up to $2 per token.