Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n Hello Satoshi Club community ! We are pleased to announce\ntoday AMA with XINFIN <\/p>\n\n\n\n Pavel P<\/strong><\/p>\n\n\n\n Welcome everyone! Let’s meet out guests from XinFin! <\/p>\n\n\n\n Sarthak<\/strong><\/p>\n\n\n\n Hello everyone!<\/p>\n\n\n\n Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n Today our special guests are <\/p>\n\n\n\n @sarthakbakshi_Dimo @bhavesh_thakkar_dimo @WalterBlueu and @Mr_Blockchain22<\/p>\n\n\n\n Pavel P<\/strong><\/p>\n\n\n\n @sarthakbakshi_Dimo<\/p>\n\n\n\n @bhavesh_thakkar_dimo<\/p>\n\n\n\n @WalterBlueu<\/p>\n\n\n\n @Mr_Blockchain22<\/p>\n\n\n\n Welcome to Satoshi Club!<\/p>\n\n\n\n Bhavesh Thakkar<\/strong><\/p>\n\n\n\n Hello there!!<\/p>\n\n\n\n Pavel P<\/strong><\/p>\n\n\n\n Happy to see you, guys, here! How are you doing?<\/p>\n\n\n\n Sarthak<\/strong><\/p>\n\n\n\n Hello everyone!<\/p>\n\n\n\n We’re great, thanks pavel<\/p>\n\n\n\n Have a lot of exciting things to talk about<\/p>\n\n\n\n Bhavesh Thakkar<\/strong><\/p>\n\n\n\n All good!! Thanks for joining the AMA<\/p>\n\n\n\n Pavel P<\/strong><\/p>\n\n\n\n Are we expecting someone else to join from your side?<\/p>\n\n\n\n Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n We are also very excited to do AMA with XINFIN<\/p>\n\n\n\n Robocop | Satoshi Club<\/strong>Do\nMr @WalterBlueu and<\/p>\n\n\n\n @Mr_Blockchain22 also join here with us ?<\/p>\n\n\n\n Sarthak<\/strong><\/p>\n\n\n\n Yes they will b joining in too<\/p>\n\n\n\n Lets begin the session<\/p>\n\n\n\n Pavel P<\/strong><\/p>\n\n\n\n Perfect! Let’s start!<\/p>\n\n\n\n Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n Sure, Let’s start our AMA<\/p>\n\n\n\n Pavel P<\/strong><\/p>\n\n\n\n Please introduce yourself, how you got involved in crypto\nand how XinFin started?<\/p>\n\n\n\n Bhavesh Thakkar<\/strong><\/p>\n\n\n\n Myself, Bhavesh Thakkar, Co Founder & Ceo of Dimo & XDSea NFT Marketplace. An ecosystem partner to XinFin<\/p>\n\n\n\n Sarthak<\/strong><\/p>\n\n\n\n Hey there, iam sarthak<\/strong> co-founder of\nDIMO , XDSea and eco-system partners at XinFin<\/p>\n\n\n\n Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n Great ! Can you please introduce to us what is XinFin ?<\/p>\n\n\n\n Sarthak<\/strong><\/p>\n\n\n\n Yes ofc!<\/p>\n\n\n\n XinFin is a hybrid blockchain platform that is built to\nmodernize and revolutionize the global\ntrade and finance sector through an accessible, efficient, and highly versatile\ndecentralized infrastructure solution.<\/p>\n\n\n\n The network not only has a high TPS but also one of the very\nlowest gas fees in the entire market!<\/p>\n\n\n\n Pavel P<\/strong><\/p>\n\n\n\n WOW! That is smth really in demand nowadays!<\/p>\n\n\n\n Sarthak<\/strong><\/p>\n\n\n\n It most certainly is<\/p>\n\n\n\n Pavel P<\/strong><\/p>\n\n\n\n How many people are currently working on XinFin?<\/p>\n\n\n\n Gold Rocket | Satoshi Club<\/p>\n\n\n\n @WalterBlueu welcome to Satoshi club<\/p>\n\n\n\n Walter Blueu<\/p>\n\n\n\n Thank you, glad to be here<\/p>\n\n\n\n Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n Hello welcome @WalterBlueu <\/p>\n\n\n\n Pavel P<\/strong><\/p>\n\n\n\n Let’s welcome one more guest! <\/p>\n\n\n\n MrBlockchain22 #WeAreXDC<\/p>\n\n\n\n Hello everyone glad to be here!<\/p>\n\n\n\n Bhavesh Thakkar<\/strong><\/p>\n\n\n\n Welcome @Mr_Blockchain22 & @WalterBlueu to the AMA<\/p>\n\n\n\n Pavel P<\/strong><\/p>\n\n\n\n So, we have 4 XinFin team members here with us today! Who\nelse is working to make dream reality? <\/p>\n\n\n\n MrBlockchain22 #WeAreXDC<\/p>\n\n\n\n Thank you @bhavesh_thakkar_dimo it is our pleasure to be\nhere!<\/p>\n\n\n\n Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n Hello welcome @Mr_Blockchain22 & @WalterBlueu, kindly to\nintroduce about yourself ?<\/p>\n\n\n\n Sarthak<\/strong><\/p>\n\n\n\n Hello, would like to introduce everyone to @Mr_Blockchain22\nand @WalterBlueu they are key guys driving the innovation at XinFin<\/p>\n\n\n\n Walter Blueu<\/p>\n\n\n\n As an introduction, I work for the XDC Foundation, which is\na non-profit organization focused on building up the ecosystem of tooling on\nthe XDC Network to make it simpler for others to come build and deploy their\napplications and projects on the XDC \nnetwork.<\/p>\n\n\n\n My title at the XDC Foundation is Smart Contract Architect\nand my main day-to-day duties include acting as Product Owner for lots of our\nproducts, including Origin, Observatory, XDCPay, Network Stats and others<\/p>\n\n\n\n One note, the XDC Foundation and XinFin are separate\nentities, XinFin being a for profit entity focused on the global trade finance\nuse case on top of the XDC Network.<\/p>\n\n\n\n MrBlockchain22 #WeAreXDC<\/p>\n\n\n\n I work as one of the project managers at the XDC Foundation\nand I have been working for the Foundation since Jun last year. My current duty\nis Lead Project Manager and work along side a great team that make it\nhappen. My name is Sal but I go by\nMrBlockchain22 in the crypto space.<\/p>\n\n\n\n There are several products that we all manage and keep\ndriving innovation and adding new features to the dapps we have released and\nthat the community request.<\/p>\n\n\n\n Pavel P<\/strong><\/p>\n\n\n\n What a dream team we have here with us today! <\/p>\n\n\n\n Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n Thank you for the great introduction by the way how big are XinFin team right now?\ncan you please introduce to us?<\/p>\n\n\n\n MrBlockchain22 #WeAreXDC<\/p>\n\n\n\n Thank you for the kind words!<\/p>\n\n\n\n Walter Blueu<\/p>\n\n\n\n On the XDC Foundation side you can check out our team at our new website: https:\/\/www.xdc.org\/community<\/a><\/p>\n\n\n\n Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n Thank you for sharing. <\/p>\n\n\n\n We have collected 6 community questions for part 1 from\nSatoshi Club community, <\/p>\n\n\n\n ready to proceed?<\/p>\n\n\n\n Sarthak<\/strong><\/p>\n\n\n\n Yes let’s go<\/p>\n\n\n\n MrBlockchain22 #WeAreXDC<\/p>\n\n\n\n We have the founders of the XDC Network Atul Khekade, Ritesh\nKakkad, and the Executive Director Billy Sebel. \nThe Directors of the foundation are Matthew Weisenthal as the Director\nof Tech, Salvatore Marotta as the Director of Communications and Nick Rejeili\nas the Director of Finance. As @WalterBlueu you can visit our website and get\nfamiliar with everyone there.<\/p>\n\n\n\n Pavel P<\/strong><\/p>\n\n\n\n Q1 From Telegram User @Lestmarisv13<\/em><\/p>\n\n\n\n The XDC token is the underlying utility token that powers the XinFin hybrid blockchain. The XDC token acts as a settlement mechanism for DApps built on the XinFin Hybrid Blockchain. XinFin also launched an Ethereum token called XDCE that can be exchanged with the utility token XDC in a 1:1 ratio. What is the utility of XDC and XDCE tokens? Toke economics? Why hold either XDC and XDCE tokens long-term? Advantages?<\/em><\/p>\n\n\n\n MrBlockchain22 #WeAreXDC<\/p>\n\n\n\n I’ll take this question.<\/p>\n\n\n\n The XDC token is the underlying utility token that powers\nXDC Network Hybrid Blockchain. The XDC token acts as a settlement mechanism for\nDApps built on the XDC Hybrid Blockchain. XDCe was the token that was built as\na layer 2 on the Ethereum network but we launched our mainnet and we’ve been\nlive since Jun of 2019. The XDC token was\n1:1 to the XDCe token but XDCe has already been phased out and no longer in\ncirculation or tradable. We have been\nworking on releasing a paper with the breakdown of our tokenomics. We can’t tell people to hold XDC for any\nreason. We concentrate on developing and\ngrowing the network ecosystem by developing dapps that will allow our users to\ninteract with our network in a very easy and efficient way.<\/p>\n\n\n\n Pavel P<\/strong><\/p>\n\n\n\n Could you share with us the tokenomics of XDC?<\/p>\n\n\n\n MrBlockchain22 #WeAreXDC<\/p>\n\n\n\n We will share that once it’s finalized.<\/p>\n\n\n\n Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n How do we possible to buy XDC token? Can you share link or\nwhere we can buy them?<\/p>\n\n\n\n Pavel P<\/strong><\/p>\n\n\n\n Thank you for your answers! Ready to proceed to the next\nquestion?<\/p>\n\n\n\n Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n Thank you for the detail answer <\/p>\n\n\n\n MrBlockchain22 #WeAreXDC<\/p>\n\n\n\n My pleasure. Yes, lets continue<\/p>\n\n\n\n Pavel P<\/strong><\/p>\n\n\n\n Q2 From Telegram User @Cheriemike<\/em><\/p>\n\n\n\n I am very much attracted to XinFin XDPoS mechanism,which is a way of validating transactions that occur on XinFin\u2019s (XDC) Hybrid Blockchain and appending those to the truth ledger.You also said that XinFin\u2019s Delegated Proof of Stake uses of real-time voting to elect a pool of validators (or delegates). So can you explain to us when say you make use of real-time voting to elect a pool of validators? How is XinFin XDPoS mechanism different from alternative consensus algorithm?How many delegates or validators are chosen for each block ?It is also said that the network validators are responsible for preserving the sanctity of XinFin\u2019s (XDC) Hybrid Blockchain Network. So what if along the line a validator acts in a dishonest way, are there some kind of penalty meted on him\/her? Can users vote on delegates by pooling their token into a staking pool and linking them to a particular delegates? Please provide more info on your XDPoS mechanism.Thank<\/em><\/p>\n\n\n\n Walter Blueu<\/p>\n\n\n\n I will take this one<\/p>\n\n\n\n Walter Blueu<\/p>\n\n\n\n XDPoS relies on the architecture of 108 validating\nmasternodes, and up to 192 standby masternodes. \nEvery block two of the 108 validating masternodes are randomly selected,\none masternode creates the new block and the second masternode validates\nit. These two masternodes are chosen on\na random round-robin schedule. All\nvalidating masternodes share the 5.5 XDC minted as a reward each block. Standby nodes are rotated into the validating\npool when a validating node is rotated out for a liveness violation or is\nstriked from the pool due to malicious activity.<\/p>\n\n\n\n With our new XDP0S 2.0 consensus we are able to guarantee\nzero forking in block creation when adversarial nodes (bad actors) make up less\nthan 1\/3 of the validating node pool. In\nthe unlikely case that adversarial nodes take over more than 1\/3 of the\nvalidating node pool the XDPoS 2.0 forensic monitoring built into the consensus\nalgorithm will irrefutably identify the adversarial nodes and punish them by\nslashing them from the node list. This\npunishment is severe because slashing of an adversarial node involves the\nburning of some or all of the 10M XDC that the node owner staked to join the\nnode pool.<\/p>\n\n\n\n Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n Thank you for the great answer! I believe @Cheriemike\nsatisfied with the answer <\/p>\n\n\n\n Pavel P<\/strong><\/p>\n\n\n\n Have you already done or planning any audits?<\/p>\n\n\n\n Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n Thank you for sharing, do you want to add anything or we can\ngo to next question?<\/p>\n\n\n\n MrBlockchain22 #WeAreXDC<\/p>\n\n\n\n We can go to the next question<\/p>\n\n\n\n Pavel P<\/strong><\/p>\n\n\n\n Q3 From Telegram User @sunny_steel<\/em><\/p>\n\n\n\n Among the beneficiaries of XinFin product are governments, local bodies, communities, corporates, financial institutions and end users. WTO & ICC are already mentioning XinFin in its reports. So, what are their outputs on XinFin value for the community? What questions do these organizations ask when they look for answers within XinFin services? How do you personally see XinFin changing people life in 5 years? Thanks!<\/em><\/p>\n\n\n\n MrBlockchain22 #WeAreXDC<\/p>\n\n\n\n I’ll take this question.<\/p>\n\n\n\n Walter Blueu<\/p>\n\n\n\n Cool, I will also type out an answer to the 5 year part of\nthe question<\/p>\n\n\n\n MrBlockchain22 #WeAreXDC<\/p>\n\n\n\n Thanks for the assist @WalterBlueu <\/p>\n\n\n\n At the foundation we do not necessarily interact with\nenterprises so we couldn’t comment on what they ask. XinFin Fintech deals with\nthe enterprise side. But I can tell you from our interaction with different\nprojects wanting to move to our network, or build on our network. What drives\nthem to us is our cheap transaction fees, and the scalability of our network.\nWe’ve had projects that have migrated from Ethereum to the XDC Network because\nof gas fees and because we’re EVM compatible, any decentralized application or\nproject that is currently on ETH can easily migrate to us. We are also ISO 20022 compliant and that is\nanother feature that attracts projects to us.<\/p>\n\n\n\n Walter Blueu<\/p>\n\n\n\n How do I personally see the XDC Network changing people’s\nlives in five years? This is a great\nquestion because it allows us to highlight the ethos behind the XDC Network,\nand when I say that I mean ethos of the network of people helping to grow\nadoption of the XDC Network. We are\nfocused on closing gaps. Specifically,\nXinFin is focused on closing the trade finance gap, by helping\nMicro\/Small\/Medium Enterprises (MSMEs) get access to the global trade funding\nthat typically only the largest entities have access to. What is really cool about this, and this is\nme speculating, is that retail investors will probably be able to play a role\nin funding global trade finance by staking their XDC in a pool backing a stable\ncoin that is used for things like tokenization of trade assets.<\/p>\n\n\n\n Sarthak<\/strong><\/p>\n\n\n\n On this I would also like to add, that there are some\nAMAZING projects coming on, like NFT marketplaces (XDSea is a live one\nalready), stable coins, physical tokenisation projects and much much more.<\/p>\n\n\n\n Pavel P<\/strong><\/p>\n\n\n\n That is worth respect! <\/p>\n\n\n\n Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n I hear that XinFin already exist since 2018, is this true ?\nCan you please share the roadmap from XinFin ?<\/p>\n\n\n\n MrBlockchain22 #WeAreXDC<\/p>\n\n\n\n Absolutely, and these projects are being built by community\nmembers like you and I. This is the\nbeauty of crypto in general and we are building the tools to facilitate that\nfor anyone that wants to build on the XDC Network<\/p>\n\n\n\n Walter Blueu<\/p>\n\n\n\n You can see on the XDC Foundation roadmap that we are\nheavily focused on building tools that make it easier for people to interact\nwith our network<\/p>\n\n\n\n MrBlockchain22 #WeAreXDC<\/p>\n\n\n\n Absolutely, the roadmap shows all the dapps we are currently\nbuilding and enhancing with updates very often.<\/p>\n\n\n\n Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n Walter Blueu:<\/p>\n\n\n\n you can take a look at our github here:\nhttps:\/\/github.com\/XDCFoundation\/<\/p>\n\n\n\n Pavel P<\/strong><\/p>\n\n\n\n Thank you guys! I see that this mission really inspires you!<\/p>\n\n\n\n We are ready to see the question nr. 4!<\/p>\n\n\n\n MrBlockchain22 #WeAreXDC:<\/p>\n\n\n\n You can find the list of exchanges and dexes where the XDC token is listed here: https:\/\/www.xdc.org\/ecosystem<\/a><\/p>\n\n\n\n Walter Blueu:<\/p>\n\n\n\n Mainnet went live in 2019 and you can find the XinFin roadmap here: https:\/\/xinfin.org\/roadmap<\/a>, and the XDC Foundation Technical Roadmap here: https:\/\/xdcroadmap.org\/<\/a><\/p>\n\n\n\n MrBlockchain22 #WeAreXDC<\/p>\n\n\n\n Yes, we truly enjoy what we do!<\/p>\n\n\n\n Pavel P<\/strong><\/p>\n\n\n\n Q4 From Telegram User @meml97<\/em><\/p>\n\n\n\n It caught my attention that when it comes to the security of XinFin\u2019s blockchain, I saw that it has been implemented on the Network something called \u201cDouble Validation\u201d, can you tell us more about this security feature? How does this Double Validation exactly work? Why did you decide to integrate this feate onto your network? What kind of security and overall benefits provides to XinFin that other security measures can\u2019t? What is so special about this feature that is able to make XinFin Network unique among other Delegated Proof of stake based blockchains?<\/em><\/p>\n\n\n\n MrBlockchain22 #WeAreXDC<\/p>\n\n\n\n I’ll take this question.<\/p>\n\n\n\n Walter Blueu<\/p>\n\n\n\n I touched on this one a bit in my previous answer, but I\nthink one thing that we do differently is that our two validators are randomly\nselected from the pool of 108 validating masternodes and not elected through a\nvoting mechanism.<\/p>\n\n\n\n haha, i already started typing. the floor is yours @Mr_Blockchain22<\/p>\n\n\n\n MrBlockchain22 #WeAreXDC<\/p>\n\n\n\n No worries brother, go ahead<\/p>\n\n\n\n Ill touch on the parts that you didnt cover already<\/p>\n\n\n\n Walter Blueu<\/p>\n\n\n\n I will add that when I talk about our consensus mechanism I\nlike to highlight that it is cooperative and not competitive<\/p>\n\n\n\n off topic, but this announcement was just released: https:\/\/nuvei.com\/company\/press-releases\/nuvei-strengthens-integration-with-xdc-network-by-supporting-new-browser-extension-wallet-xdcpay\/<\/a><\/p>\n\n\n\n MrBlockchain22 #WeAreXDC<\/p>\n\n\n\n The XDC Network Double Validation (DV) is similar to some\nexisting PoS-based blockchains such as Cardano. In the process, each block is\ncreated by a block producer also known as a masternode. A block producer is\nprimarily a masternode that takes its block creation permission turn following\na pre-determined and circular sequence of masternodes in each epoch. The difference between other blockchains and\nthe XDC Network is that it requires the signature of two masternodes on a block\nfor the block to be published or pushed on the ledger or blockchain.<\/p>\n\n\n\n Pavel P<\/strong><\/p>\n\n\n\n By the way, why Cardano? <\/p>\n\n\n\n MrBlockchain22 #WeAreXDC<\/p>\n\n\n\n In layman’s terms, 2 masternodes have to sign a block and\nthe second signature (or masternode) is randomly selected from the pool of\nmasternodes or validators.<\/p>\n\n\n\n Walter Blueu<\/p>\n\n\n\n just to tack on, the fact that the two validators are chosen\nrandomly makes it more difficult for validators to collude as bad actors<\/p>\n\n\n\n MrBlockchain22 #WeAreXDC<\/p>\n\n\n\n Just a random pick…nothing specific about it <\/p>\n\n\n\n Any Proof of Stake network share similar characteristics.<\/p>\n\n\n\n Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n \/nolinks@ProtectronBot<\/p>\n\n\n\n Pavel P<\/strong><\/p>\n\n\n\n I see, thank you for answering in details. <\/p>\n\n\n\n Pavel P<\/strong><\/p>\n\n\n\n Ready to see the question nr. 5?<\/p>\n\n\n\n Pavel P<\/strong><\/p>\n\n\n\n Q5 From Telegram User @Rozielyna<\/em><\/p>\n\n\n\n I understand that XinFin Network is an innovative solution to the scalability problem of the Ethereum blockchain, and other current blockchain platforms.and I noticed that XinFin Network has Different Products asfollows: XinFinScan, XinFinStats, XinFinMaster, XinFinWebWallet. Can you please explain this products of Xinfin Network? What are the features of these products and How will this products benefit users who use the Xinfin Network? Are all the products currently available or yet to be launched? Will you be adding more products as the project advances?<\/em><\/p>\n\n\n\n Walter Blueu<\/p>\n\n\n\n I can speak to the XDC Foundation products, some of which\nhave parity with the XinFin products that you listed<\/p>\n\n\n\n stats.xdc.org is our Network stats page that shows real time\nnetwork statistics, including real-time transactions per second, a map of\nmasternodes showing geographical location and status, and historical info about\nthe state of the network overall <\/p>\n\n\n\n Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n Walter Blueu:<\/p>\n\n\n\n observer.xdc.org is our block explorer, it allows a user to\ncreate a profile that lets them customize how they interact with the product by\nsetting a watchlist for addresses that will trigger notifications when\ntransactions happen, exporting of transaction history for tax reporting or\nbookkeeping purposes, and the ability to interact with smart contracts that the\nhave deployed to the network<\/p>\n\n\n\n Origin is a no code token minting product, where users can\ncome and define\/create\/validate\/deploy their XRC20 tokens to the XDC Network\nfor free (aside from the $0.0004 transaction fee) in just about 1 minute<\/p>\n\n\n\n XDCPay is our web3 enabled wallet which acts as the gateway\nto all of our products, we just announced a new partnership with Nuvei that\nallows the purchase of XDC through XDCPay using over 100 various local\ncurrencies.<\/p>\n\n\n\n While XDCPay is currently a chrome extension we are about to\nrelease iOS and Android mobile applications for it<\/p>\n\n\n\n Pavel P<\/strong><\/p>\n\n\n\n What features does it provide to users?<\/p>\n\n\n\n Walter Blueu<\/p>\n\n\n\n We have a few products that we are about to release,\nincluding an NFT Marketplace focused on photo and short form video, a\nGovernance dApp for voting on the blockchain, a Smart Contract Manager for\nforecasting of smart contract utilization, an update to Origin that allows\nusers to mint XRC721 tokens (NFTs), as well as a few others<\/p>\n\n\n\n XDCPay is the gateway into our other products, so you can\nlog in to Origin with XDCPay and sign transactions for minting tokens with your\nXDCPay account<\/p>\n\n\n\n XDCPay is then used to custody those tokens so that you can\nsend them to other people<\/p>\n\n\n\n Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n Wow! XinFin really have so much feature it’s like all-in-one blockchain <\/p>\n\n\n\n Walter Blueu<\/p>\n\n\n\n XDCPay is also now a fiat onramp through our partnership\nwith Simplex<\/p>\n\n\n\n We have a roadmap in place for XDCPay that I believe will\nmake it a revolutionary platform for financial inclusivity<\/p>\n\n\n\n Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n Thank you for the detail answer ! Do you want to add\nsomething or we can go to last question from part 1?<\/p>\n\n\n\n Pavel P<\/strong><\/p>\n\n\n\n This ecosystem is indeed huge! So many products offered! <\/p>\n\n\n\n Walter Blueu<\/p>\n\n\n\n unless there are follow on questions I am ready for question\n6<\/p>\n\n\n\n MrBlockchain22 #WeAreXDC<\/p>\n\n\n\n Yes, lets move on to the next question<\/p>\n\n\n\n Pavel P<\/strong><\/p>\n\n\n\n Q6 From Telegram User @Billz120<\/em><\/p>\n\n\n\n Hi Xinfin Team- I read on one of your updates that there was XDC nature update named \u201d Andromeda\u201d on your XDPOS consensus protocol. Could you please explain to us the use cases of this Andromeda in Xinfin? Xinfin Fin Tech I learnt is an Enterprise ready hybrid Blockchain technology company, the first company to utilize the DASL crypto bridge and this bridge enables Xinfins XDC to move from the XDC Network to be used as a settlement token inside the Cords ecosystem. Could you please tell us what Xinfin actually means and it\u2019s interest in the Blockchain? What services and solution does Xinfin sets out to solve in the Blockchain metaverse? Lastly, what does Corda Blockchain offers Xinfin ecosystem?<\/em><\/p>\n\n\n\n MrBlockchain22 #WeAreXDC<\/p>\n\n\n\n XinFin stands for eXchange inFinite. Everyone at the foundation is working towards\nbuilding and growing the ecosystem. The network is an open protocol and anyone\ncan build on it. With that being said,\nwe are building the daps so anyone can build on our network, if you can dream\nit you can build it right? Cliche I know but it’s true. There is a project that just launched on our\nnetwork that is creating the first metaverse on the network.<\/p>\n\n\n\n Walter Blueu<\/p>\n\n\n\n Andromeda was primarily focused on rolling out our native\nforensics capabilities to our XDPoS protocol<\/p>\n\n\n\n Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n Thank you for the detail answer guys! Now is time to proceed\nwith the second part, the live segment part 2, are you ready for the storm\nquestion?<\/p>\n\n\n\n MrBlockchain22 #WeAreXDC<\/p>\n\n\n\n Regarding the Corda blockchain and the XDC Network. The\nbridge between Corda and XDC Network powered by DASL, this bridge enables XDC to move from The XDC Network over to the\npublic Corda Network to be used as a settlement token inside the Corda\necosystem.<\/p>\n\n\n\n Let’s do it!<\/p>\n\n\n\n Robocop | Satoshi Club<\/strong><\/p>\n\n\n\n We will open chat for 2 minutes and then chat will be closed\n–<\/p>\n\n\n\n you can start select 10 best questions !<\/p>\n\n\n\n Q1 from Telegram user <\/em> @Fatima6734<\/em><\/strong><\/p>\n\n\n\n Banking Sectors has been greatly benefited from Hybrid Blockchains,<\/em><\/p>\n\n\n\n As they have lot of transactions to doHow role will XinFin Play in this? MrBlockchain22 #WeAreXDC<\/strong><\/p>\n\n\n\n First question I am choosing. This is a great question because it highlights the benefits of the hybrid blockchain. I saw a similar question about this as well but here we go. Our network is hybrid because it is a fork of GOETH for the public state of the network, and a fork of Quorum the JP Morgan blockchain. This give the network the advantage of having a private state and a public side as well. So businesses can keep public data accessible internally as externally and the private state allows to keep data secured and off the eyes of those not intended to see that data. So banks and institutions could really benefit of such features and capabilities of the network.<\/p>\n\n\n\n Q2 from Telegram user @Silica432 <\/strong><\/em><\/p>\n\n\n\n In Your Website, You have Mentioned that <\/em><\/p>\n\n\n\n FIRST GENERATION Is BTC Will You Please Draw a Brief Comparison Between the XDC With BTC and ETH , What are the Best Feature of it ?<\/em><\/p>\n\n\n\n Walter Blueu<\/strong><\/p>\n\n\n\n I am going to try and answer some of these, there are so many though haha<\/p>\n\n\n\n Q3 from Telegram user <\/em> Devi Balqis <\/strong><\/em><\/p>\n\n\n\n How to stay cool in the current situation on the cryptocurrency market?<\/em><\/p>\n\n\n\n Walter Blueu<\/strong> <\/p>\n\n\n\n Focus on building the future. I honestly stopped paying attention to the price when I joined the foundation because I am now so focused on building the products.<\/p>\n\n\n\n Q4 from Telegram user <\/em> @sirdefi <\/strong><\/em><\/p>\n\n\n\n I understand that XDC Network is poised to offer an enhanced trade finance ecosystem experience. What are the shortcomings of the current trade finance ecosystem and what are the improvements and solutions that XDC offers?<\/em><\/p>\n\n\n\n MrBlockchain22 #WeAreXDC<\/strong> <\/p>\n\n\n\n This is the second question Im choosing. This is an excellent question. Tradeteq partenered with XinFin Fintech to conduct the first tokenized trade finance product (NFT based transaction). This was the first completed end to end transaction following the regulations necessary in the trade and finance standards. The XDC Network is closing the gap between legacy systems and allowing to tokenize all transactions that are currently paper based and take weeks to process and finalize to just a few days. This enhances the trade and finance world tremendously because it reduces the time it takes to process those transactions. You can read more here: https:\/\/www.gtreview.com\/news\/fintech\/tradeteq-partners-with-xinfin-in-first-trade-finance-nft-transaction\/<\/a><\/p>\n\n\n\n Q5 from Telegram user <\/em>@gollumsgems <\/em><\/strong> <\/p>\n\n\n\n Can you clear me what is meant by hybrid blockchains? what best features does XINFIN network has in comparison to other popular blockchains and its competitors? Why should we use XINFIN?<\/em><\/p>\n\n\n\n Walter Blueu<\/strong> <\/p>\n\n\n\n Hybrid means that the XDC Network has both a public and private state. The public side of the network is a fork of Go Ethereum and the private side is a fork of JPM’s Quorum. What it means is that a financial institution can create a private network on the XDC Network, using a masternode as the connector between the two. They can keep sensitive transactions private on the private side, while pushing information to the public side as necessary.<\/p>\n\n\n\n Q6 from Telegram user @Fabentuug <\/strong><\/em><\/p>\n\n\n\n Origin, a new platform from the XDC Foundation, makes it simple to create cryptocurrencies. So what is the backstory to this? What is Origin’s use case? What are all the origin features? How much exactly is the situation with Origin? Where are the benefits of coming from?<\/em><\/p>\n\n\n\n Walter Blueu<\/strong> <\/p>\n\n\n\n Origin allows people to define an XRC20 token and deploy it to the XDC Network so that they can build their own second layer project. This process costs about $0.0004 and takes about 1 minute. Origin lowers the barrier to entry for people with ideas for second layer projects who may not have the blockchain engineering skillset needed to code a token contract using solidity.<\/p>\n\n\n\n Q7 from Telegram user <\/em> @atmaca111<\/strong><\/em> <\/p>\n\n\n\n XDC Foundation recently released Origin, which makes token creation incredibly easy. Is origin just for tokens or can we use it for NFTs as well? And is there really a simple interface for everyone?<\/em><\/p>\n\n\n\n Walter Blueu<\/strong> <\/p>\n\n\n\n We are working on v1.1 for Origin right now and it will include support for NFT minting<\/p>\n\n\n\n Q8 from Telegram user<\/em> @konditer_rolex <\/strong><\/em> <\/p>\n\n\n\n How many types of nodes are there in your network? What is the minimum number of coins needed to run a node, what are the rewards for node holders, and can users with a small amount of coins earn income from holding, staking, or in some other way?<\/em><\/p>\n\n\n\n MrBlockchain22 #WeAreXDC<\/strong><\/p>\n\n\n\n Question number 3 for me. We currently have a total of 201 nodes on our network. Out of those nodes, 108 are validators and the rest are standby nodes. The required amount of tokens for a node is 10 million XDC tokens. The rewards are 10% APY for validators, and 8% for standby nodes. Currently we are working on way to allow community members to stake XDC but that has not been released yet. We are working hard to bring this to our community members as this has been one of the most requested features.<\/p>\n\n\n\n Q9 from Telegram user @meml97<\/strong><\/em> <\/p>\n\n\n\n I read that one of the features that makes XinFin Network different from others is its \u201cBuild in governance D-app\u201d, can you tell us more about this? How will this build in governance D-app exactly work? How can XinFin\u2019s users be able to participate in this kind of governance system? And what kind of responsabilities does this governance have? Also, what are the benefits XinFin Network will get by having this build in governance D-app implemented onto the network instead of any other kind of governance model? How is it more suitable for XinFin?<\/em><\/p>\n\n\n\n Walter Blueu<\/strong> <\/p>\n\n\n\n We are about to release a governance dApp that allows a person to create a voting proposal on the dApp, whitelist addresses who can cast vote, and handle the actual voting on the proposal. There are privacy features built in so that the proposal and votes aren’t public. This dApp will be available to anyone who wants to use it. The XDC Foundation will use it for votes through the DAO.<\/p>\n\n\n\n Q10 from Telegram user @KASG95<\/strong><\/em> <\/p>\n\n\n\n I read that XinFin will have a double validation, which strengthens the security of the XinFin Blockchain, reduces forking and makes the XinFin Network unique among other delegated proof-of-stake based blockchains, but does this double validation really guarantee better security? , then why other networks do not use it the same? Or is there other ways to offer more security?<\/em><\/p>\n\n\n\n MrBlockchain22 #WeAreXDC <\/strong><\/p>\n\n\n\n Question #4: The XDC Network has had double validation since inception. Our mainnet launched in Jun of 2019. We explained what double validation means and how it works. Additional to that, our latest update to our network, Andromeda, added a forensic capability to our network where if a node acts maliciously on the network, it is taken offline. This keeps the network secure. I can’t speak for what other networks are doing.<\/p>\n\n\n\n As usual, for the third part, Satoshi Club Team asked the chat 4 questions about the crypto project. A link to a Quiz form was sent into the chat.<\/p>\n\n\n\n For more information and future AMAs, join our Social Media channels:<\/strong><\/p>\n\n\n\n English Telegram group: https:\/\/t.me\/Satoshi_club\/<\/a>Part 2 \u2014 live questions from the Telegram community<\/strong><\/h2>\n\n\n\n
Can You Please Explain?<\/em><\/p>\n\n\n\n
SECOND GENERATION IS ETH
THIRD GENERATION IS XDC<\/em><\/p>\n\n\n\n![\"\"](\"https:\/\/esatoshi.club\/wp-content\/uploads\/3rd-Gneration-Advantages-1024x643.png\")
<\/figure>\n\n\n\nPart 3 \u2013 Quiz Results<\/strong><\/h2>\n\n\n\n
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