About XDC Network
XDC Network is an enterprise-focused, hybrid Layer-1 blockchain designed to digitize and streamline global trade finance, cross-border payments, and real-world asset tokenization. It combines public transparency with private, permissioned elements to meet the needs of institutions, governments, and businesses that require both openness and data privacy. The network uses a Delegated Proof-of-Stake (XDPoS) consensus mechanism and supports Ethereum Virtual Machine (EVM) compatibility, allowing developers to deploy and migrate smart contracts using familiar tools.
The native token XDC serves as the utility and settlement asset: it pays for transaction fees, incentivizes validators, secures governance mechanisms, and acts as a foundational crypto for decentralized applications (dApps) built on the chain.