Convert XDC Network to MultiversX Price Calculator & xdc vs. egld Comparison

With the ever-fluctuating cryptocurrency market, keeping track of real-time prices between XDC Network and MultiversX can be challenging. Our dedicated XDC Network to MultiversX price converter & calculator makes this task seamless and straightforward. Whether you're an investor, trader, or crypto enthusiast, leverage our tool to get the latest conversion rates of xdc vs. egld. Stay ahead of the market and make informed decisions by accessing the most up-to-date data at your fingertips

1 XDC Network (xdc) == 0.0019738075212293 MultiversX (egld).
Rate : 0.0019738075212293

XDC Network (xdc) Price: 0.04881226$
MultiversX (egld) Price: 24.73$

XDC Network vs MultiversX (Elrond): A Comparison and Review

When it comes to blockchain technology, XDC Network and MultiversX (formerly Elrond) are two prominent players in the industry. Both platforms offer unique features and capabilities that cater to different use cases. In this article, we will compare and review XDC Network and MultiversX to help you gain a better understanding of their strengths and weaknesses.

XDC Network

Symbol: XDC

Name: XDC Network

Asset Platform: Ethereum

Categories: Finance / Banking, Smart Contract Platform, XDC Ecosystem, Ethereum Ecosystem

Market Cap Rank: 47

Price Change Percentage (30 days): +47%

Description:

XDC Network is an enterprise-ready hybrid Blockchain technology company optimized for international trade and finance. The XDC Network is powered by the native coin called XDC. The XDC protocol is architected to support smart contracts, with a transaction speed of 2000TPS and 2 seconds transaction time. It also implements KYC to Masternodes (Validator Nodes), ensuring a secure and compliant network. XDC Chain, also known as XinFin Digital Contract, operates on XinFin Delegated Proof of Stake (XDPoS) consensus algorithm, aiming to create a scalable, secure, and permissioned blockchain network. The XDC token, used on the XinFin mainnet, provides real-world use-cases such as TradeFinex.org, facilitating the origination and distribution of financial requirements for small and medium businesses.

MultiversX (Elrond)

Symbol: eGold

Name: MultiversX

Asset Platform: N/A

Categories: Binance Launchpad, Protocol, Smart Contract Platform, Layer 1 (L1), MultiversX Ecosystem

Market Cap Rank: 53

Price Change Percentage (30 days): -23.57%

Description:

MultiversX (formerly Elrond) is a technology ecosystem for the new internet. With a focus on fintech, DeFi, and IoT, MultiversX offers a smart contracts execution platform capable of handling 15,000 transactions per second (TPS) with a low latency of 5 seconds and a transaction cost of $0.001. MultiversX's money and DeFi app called Maiar provides a user-friendly experience for blockchain beginners, combining progressive security measures and a gamified approach to unlock additional features. The MultiversX ecosystem operates on a Proof of Stake economic model with a limited supply of its token, eGold, which symbolizes the notion of digital store of value for the next billion users.

Comparison and Conclusion

Although both XDC Network and MultiversX offer blockchain solutions, they target different industries and use cases. XDC Network focuses on optimizing international trade and finance with its hybrid blockchain technology, supporting smart contracts and providing real-world use-cases for small and medium businesses. On the other hand, MultiversX aims to reshape the new internet by offering a fast and cost-effective smart contracts execution platform, with a focus on fintech, DeFi, and IoT applications.

Furthermore, XDC Network operates on the Ethereum platform, leveraging its existing ecosystem, while MultiversX does not specify any asset platform, suggesting it may have its own custom-built infrastructure.

It is essential for users and businesses to evaluate their specific needs and requirements when choosing between these platforms. Whether you prioritize the speed and efficiency of transactions or the targeted industry use cases, the comparison and review provided here should serve as a starting point for further exploration.