Tatum, a blockchain development platform, announced today that it has added support for the XDC Network (XinFin). Built for global trade and finance applications; the XDC Network uses a unique and energy-efficient Delegated Proof of Stake Consensus network (XDPoS). It leverages the power of stakeholder approval voting to resolve consensus issues in a fair and democratic way.
Amidst near-zero gas fees and fast transaction times, the network can handle anything that is thrown at it; and for a fraction of the price of other blockchains. Also, with full EVM compatibility, developers who are already comfortable with Ethereum will have no problem getting acquainted with the XDC Network.
Thanks to its ISO20022 standard compatibility, the XDC Network is equipped to integrate with existing financial systems to transform legacy, single-point-of-failure operations into decentralized-based systems. All validating nodes are KYC compliant. Thus, financial institutions can rest assured that their customers and users fall within the acceptable standards for identity transparency and anti-bribery regulations.
Furthermore, due to the hybrid architecture of the network; institutions can run their own nodes to store private data while still validating specific datasets on the public side of the blockchain. This gives them the best of both worlds in terms of blockchain functionality and data privacy.
“The XDC Network has already made big steps towards creating a developer-friendly blockchain with extensive documentation and GitHub resources. Tatum’s powerful API simplifies complex blockchain operations into single API endpoints, greatly speeding up and streamlining the entire developer experience. For advanced developers who prefer to do everything from scratch; you can use our Web3 HTTP driver to connect directly to our XDC Network nodes and code everything yourself.”
– The Tatum Team
