PRELIMINARY
Before we continue into the topic of the day I’ll love to inform the newbies amongst the basics so as not to get them disorganized, the study and research of cryptocurrency has seen a rapid increase since bitcoin touched $20,000 in the fourth quarter of the year 2017, it has gained a huge popularity and interest of most individuals. Everyone wants to get rich with this invention but the mistakes most adopters make is that they don’t do thorough research to learn about all pros and cons before sailing, most people get burnt and blame others for their mistakes.
First I’ll give a brief explanation of what digital asset mostly called cryptocurrency means, a digital asset is any text or media which was configured into a binary source with an added right to use it. Satoshi Nakamoto created the very first digital asset known to man called bitcoin cryptocurrencies to make use of an encryption protocol that pedals the generation of units and authenticates the transfer of digital assets in a matter of seconds, unlike the traditional banking which can take days sometimes months to deliver. Traditional banking payment methods are faced with various problems which include a long transfer time frame, charge-back fraud amongst others.
The advantages of using cryptocurrencies are numerous but I’ll mention a few as we proceed, adopting the blockchain technology is very necessary but one problem is that the old and elderly who do not have a high level of education might find it very difficult to maximize its usage. Not forgetting the children and youths who might have access to functioning mobile phones, laptops or internet connections to send and receive digital assets.
INTRODUCING XINFIN HYBRID NETWORK
#xinfin is a hybrid network created on the blockchain technology, below are token use cases, wallet, benefits, and information about this innovation. The blockchain technology was chosen for this invention because of its seamlessness, decentralization, security, fast nature and transparency.
XDC TOKEN USE CASES
♦ Staking: Holders of #xdc can stake any portion of their holdings they dim fit, all they need it to is deposit xdc with the staking contract.
♦ Voting: Every user in the #xdc network can partake during voting exercise, they can vote for an eligible validator.
♦ Withdrawal: At any point in time platform users can decide to withdraw their pre-deposited coins, and all they need do is alert any delegate to remove their votes.
♦ Delegating: Nominators can vote for any validator with the coins staked, they can choose to delegate to numerous validators but they’ll have to divide their stakes into numerous accounts as registered nominators.
XDC WALLET
#xinfin created a decentralized wallet to hold both #xdc and #xdce, a link for a personal wallet is below this paragraph. The wallet is very important to users of the xinfin ecosystem.
GET A FREE XINFIN WEB WALLET
XDCE & XDC COIN
#xdce is the primary coin on the #xinfin platform, it was built on the ethereum blockchain technology hence its erc-20 compliant. It is the standard and default payment when paying for anything on xinfin. The team members already have set protocols in place to conserve the demand, value, and adoption of xdc.
The #xinfin network has 2 coins fueling its ecosystem, the #xdce token serves as a payment gateway for decentralized applications (DApps) built on the network while the #xdc is an erc-20 compliant and can they both can be swapped on AlphaEx at a ratio of 1:1.
BENEFITS
♦ High-tech infrastructure.
♦ External integration.
♦ Payment gateway.
♦ Cloud data storage.
♦ High-end security.
♦ Privacy of users.
♦ Professional Network.
XINFIN CONTACT INFORMATION FOR LATEST & NEWS UPDATES
