We are all very conversant with the famous Bitcoin as it was one of the first cryptocurrency ever made on the blockchain technology. The same can be said about the Ethereum. Today we have a new hybrid blockchain that was created with the same technology integrated with numerous private networks and they will be creating the next level generation of the blockchain network.
This hybrid technology is called the XinFin - which is a short expression for Exchange Infinite. It brings about the best blockchain network with the combination of the public blockchain as well as the private networks.
This technology makes use of the Xinfin Digital Contracts (XDC) and with the blockchain technology,it keeps a digital record of all its transaction to bring about transparency.
www.XinFin.org
As such, it has all the great features of the regular public blockchain technology as well as an increased speed and security due to the private networks for community usage. The regular public blockchain will allow all its users to transfer data very securely and transparently, and the private networks will bring about an additional security to protect sensitive data such as financial data and company secrets so as to prevent breach of trust.
The XinFin's technology can also be utilized for the messaging and approval of small payments and its currently being expanded to accommodate large conglomerates and financial institutions to enable for payments and transactions settlement, enabling the reduction of commercial costs to a bare minimum.
With the XinFin, there is no need for mining activities unlike other blockchain technologies. We are all aware of the expensive costs, energy rigorous, and wastage of natural resources peculiar to the common blockchain technology mining but the XDC blockchain makes use of a permissioned blockchain consensus in place.
The main purpose of the Xinfin is to bring about a solution to the current blockchain problems and increase its effectiveness and its adoption into numerous community and business. Presently it's being integrated in numerous use cases such as aviation, travel, financial institutions and solar technology.
With XinFin, mass adoption as well as integration into a lot of use cases will be much more easier to be deployed on a blockchain based smart contract.
For a regular blockchain developer that have great interest in improving the technology as well as making it easier for its mass adoption for communities, XinFin is the best option. The platform is currently searching for very serious people who have great interest for developing the XinFin Hybrid Blockchain and using the XDC01 protocol for its integration into various use cases.
For more information on the XinFin platform as well as participating as a developer, you can visit any of the following links below
WEBSITE
TELEGRAM
MEDIUM
TWITTER
LINKEDIN
YOUTUBE
GITHUB
Author - hamzeto
Email - [email protected]
Eth Address - 0x416fC645dEF6E205bfAcBb39631e7AB09CD30A1f