What is XDC Network?
Large blockchains like Ethereum can only handle 15 transactions per second. Visa or Mastercard using Swift technologies can accommodate up to 6,000 transactions per second. XinFin aims to solve interoperability and scalability problems with the Ethereum blockchain, including network congestion, lengthy wait time for transaction validation, and high transaction fees.
Interoperability refers to the ability of Ethereum to connect with other blockchains in order to have cross-chain interaction. Blockchains need to have a way to work together to realize their potential. XinFin is striving to solve the scalability problem by using sharding technology. XinFin blockchain provides up to 2,000+ transactions per second, 2-second transaction times, and low transaction fees. XinFin Hybrid Blockchain can be used to create decentralized applications (DApp), and support other common blockchain use cases such as decentralized value transactions. XinFin uses the consensus mechanism called XinFin Delegated Proof of Stake (XDPoS).XDC Network Website