Whitepapers XinFin Network XDC White Paper Explained Summary

XinFin Network XDC White Paper Explained Summary

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XinFin Network XDC White Paper

Summary:

– XinFin Network is a public EVM (Ethereum Virtual Machine)-compatible blockchain with the following advantages: low transaction fees (near zero), low energy consumption, efficient confirmation time, double validation, and randomization for security guarantees.
– In particular, XinFin Network proposes XinFin’s Delegated Proof of Stake (XDPoS) consensus, a Proof-of-Stake (XDPoS)-based blockchain protocol with rigorous security guarantees and fast finality.
– A novel reward mechanism is used in XinFin Network which has a low probability of forks and fast confirmation times.
– The contributions and benefits of masternodes are fair and equitable, in the sense that the probability distribution function is uniform, eventually.
– The XinFin model is sound and protocol is secure.

Explained – XinFin Network XDC White Paper. Learn in depth about differnet coins on the blockchain by understanding whitepapers.

There is a lot to learn about this futuristic tech, lets get started to dive into the XinFin Network XDC white paper and start to leverage it to build a more secure and trusted ecosystem for Industry 4.0 applications.

We will deep dive into how the coin works by understanding the whitepaper and its summary. XinFin Network (XDC).

Lets understand XinFin Network (XDC) after going through the XinFin Network XDC white paper.

Without wasting any further time lets get started to dive right in and lets understand white paper first.

What is white paper?

A white paper is an informational, influential, well-structured document, usually published by an organization, to provide in-depth information about a specific solution.

A white paper is used to provide a good insight into the challenges for a specific problem and a proposed solution for the same.

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XinFin Network XDC White Paper

XinFin Network XDC white paper will be going to provide you, all the information that is needed to get started with XinFin Network (XDC), including the inspiration for creating, the problem it is trying to solve and the solution proposed by XinFin Network (XDC).

Introduction

In this paper, we present an overview of the architectural design of XinFin Networks consensus algorithm. XinFin Network is a public EVM (Ethereum Virtual Machine)-compatible blockchain with the following advantages: low transaction fees (near zero), low energy consumption, efficient confirmation time, double validation, and randomization for security guarantees.

In particular, we propose XinFins Delegated Proof of Stake (XDPoS) consensus, a Proof-of-Stake (XDPoS)-based blockchain protocol with rigorous security guarantees and fast finality. We also present a novel reward mechanism – demonstrating that, with this mechanism, the blockchain has a low probability of forks and fast confirmation times.

Additionally, the contributions and benefits of masternodes are fair and equitable, in the sense that the probability distribution function is uniform, eventually. As we go into details, explaining the motivation and double validation process as well as the finality checkpoint of the protocol, we also present the formalization of the XinFin model in a mathematical manner, demonstrating the soundness of the XinFin model and protocol.

Lastly, we conduct a security analysis to examine the protocols ability to resist different attacks. Comparing the XinFin Network with several existing blockchains, we explain why XinFin Networks consensus algorithm offers a more secure protocol.”

White Paper Link: XinFin Network (XDC) White Paper

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