

The blockchain technology, over the last few years has emerged as an innovative development which has the potential to launch a marked improvement in the way we carry out several activities. However, just like every other major innovation before it, the technology is still embedded with several shortcomings which will definitely be addressed in parts over time. One of the major shortcomings in question is the fact that enterprises still find it difficult to completely incorporate blockchain technology into their everyday activities due to the fact that a single blockchain cannot satisfy all their needs, especially when sensitive information is involved.

In an attempt to enable enterprises enjoy all the benefits of blockchain technology, the team behind XinFin have developed a hybrid blockchain which leverages on the advantages of both the public and private blockchains.

Introducing XinFin

The platform is a first of it's kind hybrid blockchain (combination of the best features of both the public and private blockchains) which will enable enterprises to operate both a private and public state blockchain with the aim of ensuring that dealings are transparent and sensitive information can still be kept secure. The hybrid architecture of the XDC protocol which has been forked from Quorum and the Ethereum blockchains addresses the shortcomings that private and public blockchains have when they are viewed in isolation. The XDC protocol combines the best features of the public blockchain (transparency and decentralization) and private blockchain (security and privacy) in order to ensure that enterprises can maximize the blockchain technology.

Tokenomics of the XinFin platform

The official token of the XinFin platform has a ticker “XDC" with a total supply of 100 billion tokens which are all pre-mined. The allocation of XDC tokens for different purposes is as follows;



Conclusion

There is no denying the fact that enterprises still find it difficult to incorporate blockchain technology into their daily tasks due to the inability of the technology to absolutely satisfy their needs. With XinFin, we are in line to have all the best features of blockchain technology delivered to our doorstep in order to enhance the efficiency of our output.

If you intend to learn more about the XinFin protocol, you can visit any of the links listed below;

Website: https://xinfin.org

Telegram: https://t.me/xinfin

Medium: https://medium.com/xinfin

Twitter: https://twitter.com/XinFin_Official

LinkedIn: https://www.linkedin.com/company/xinfin/

YouTube: https://www.youtube.com/channel/UCQaL6FixEQ80RJC0B2egX6g

Github: https://github.com/xinfinorg

Authors name: Tomi Bosede

XDC address: 0x78885f7852abeadbaca617c4bc1ff0d12c968379