XDC Network (XDC): A Hybrid Blockchain Platform Optimized for Trade Finance and Asset Tokenization

With the ever-growing volume of transactions and activity in the global trade finance industry, businesses are looking for ways to settle their cross-border payments as efficiently, affordably and securely as possible. This is, however, often more a wish than a reality.

XDC Network (XDC) is a blockchain platform optimized for trade finance and asset tokenization use cases. It combines elements of public and private blockchain access, with the main XDC chain being a public network. However, businesses can launch their own private subnets and customize the level of access to specific data and operations.

The platform's native token, XDC, is used for gas fee payments, staking/stake delegation, validator reward payouts and governance. Masternodes, all of whom need to stake 10 million XDC on the network, can participate in the voting process to determine the direction of the platform's ecosystem development and its operational rules. The wider XDC community indirectly participates in these governance processes via stake delegation.

XDC has a total supply of nearly 38 billion, with no maximum cap specified. You can store and use XDC tokens with one of the many wallet apps supported by the platform, including XDC Web Wallet, XDC Pay, Guarda, MathWallet, MyEtherWallet and more. The industry's two leading hardware wallets, Trezor and Ledger, are also supported, and the Ledger Nano S Plus model can be connected to the XDC Web Wallet.

For an added level of enterprise-grade security, XDC also supports three multisig wallets (a type of wallet that requires multiple signatures for transaction approval).

The XDC token is available on Bybit as a Spot swap pair (XDC/USDT) with the USDT stablecoin. If you don't have an account on Bybit, you can easily register for one to take advantage of trading opportunities across our Spot and Derivatives markets.