XDC Network vs Bitcoin

XDC Network

• Symbol: XDC
• Name: XDC Network
• Asset Platform ID: Ethereum
• Categories: @XDC Ecosystem, Ethereum Ecosystem, Smart Contract Platform, Finance/Banking
• Market Cap Rank: 45
• Price Change Percentage (30d): 45%

XDC Network is an enterprise-ready hybrid Blockchain technology company optimized for international trade and finance. It is powered by the native coin called XDC. The XDC protocol supports smart contracts with a transaction capacity of 2000 TPS and a transaction time of 2 seconds. The network also includes KYC for Masternodes (Validator Nodes). The XDC Chain uses XinFin Delegated Proof of Stake (XDPoS) and aims to create a highly-scalable, secure, permissioned, and commercial-grade blockchain network. The mainnet token XDC allows the utilization of XinFin's real-world use-cases such as TradeFinex.org, which facilitates the origination and distribution of financial requirements for small and medium businesses using a common distribution standard.

Bitcoin

• Symbol: BTC
• Name: Bitcoin
• Categories: @Layer 1 (L1), Cryptocurrency
• Market Cap Rank: 1
• Price Change Percentage (30d): -11.98%

Bitcoin is the first successful internet money based on peer-to-peer technology. It operates without the involvement of any central bank or authority in transactions and production. Created by an anonymous individual/group known as Satoshi Nakamoto, Bitcoin revolutionized the concept of money by providing a decentralized means of exchange that is secure, verifiable, and immutable. With a limited supply of 21 million BTC, Bitcoin is a deflationary currency. It utilizes the SHA-256 hashing algorithm and has an average transaction confirmation time of 10 minutes. Bitcoin mining has evolved to specialized ASIC chips, resulting in high hash rates.

Bitcoin's success has inspired the development of numerous alternative cryptocurrencies such as Litecoin, Peercoin, Primecoin, and more. The introduction of Ethereum and its turing-complete smart contract capabilities further expanded the cryptocurrency landscape with projects like EOS, Tron, and even crypto-collectibles like CryptoKitties.