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XDC Network Takes Center Stage Amid Solana Network Crash

Posted on by admin
25
Jan
  • Solana’s (SOL) network crashed for the sixth time.
  • Smart Contract Developers are now eyeing alternative blockchain networks LUNA, BSC and XDC Network

The crypto world continues to develop its technology to provide the best blockchain experience to all its users in the space. However, sometimes due to unavoidable circumstances, problems occur unexpectedly. This time, Solana (SOL) experienced a network crash for the sixth time. As a result, the crypto community cannot stop thinking if SOL will have the same faith as EOS.

This Solna Network Crash made author and crypto enthusiast Mark Jeffrey react in a tweet post,

Meanwhile, these recent crashes encountered by the SOL network upset many Smart Contract Developers as well as the crypto community. As a result, the crypto community is now eyeing other alternative platforms (Ethereum killers) that could provide them with the expectation they need in their everyday crypto transactions. These include BSC, XDC, Fantom, Avalanche, and Terra, to name a few.

These recent blockchain network issues encountered by the SOL network upset some of the crypto community members. As a result, investors have started to consider other Blockchain networks that could meet the expectations when it comes to everyday crypto transactions. XDC Network (XDC) chain is one of the crypto platforms to catch the attention of global investors at the time of writing this article, with only XDC in Green while rest of the Crypto remains in RED (Source: Top100 coins at coinmarketcap.com ). This indicates that not only smart contract developers but the crypto community also started looking towards XDC Network.

The XDC protocol is designed to support smart contracts in as seamless a way as possible. Over 3,800 smart contracts have been created on the XDC Network. Here is the growth graph over time as referred from the recent article of XDC Foundation.

Source: Medium

Furthermore, the XDC Chain (XinFin Digital Contract) uses XinFin Delegated Proof of Stake (XDPoS) to create a highly scalable, secure, commercial-grade blockchain network. Indeed, XDC enables various real-world use cases like remittance (WadzPay), trade finance (TradeTeq),  ISO20022 messaging standard (IMPEL),  decentralized Storage (Storx), Data ORACLE (Pugin), Decentralized email (LedgerMail), R3 Corda’s only Public blockchain Bridge (LAB577) DEX (xSWAP and globiance), Stable coin (usnota, SGDG, EURG, HKDG, GBPG, USDG etc), NFT MarketPlace (XDSea) and many more use cases adopted XDC Blockchain Network.

On the other hand, this system crash experienced by SOL is not the first in space. In fact, this kind of scenario is not new in the crypto community. However, today, the crypto space is witnessing the rise of crypto projects such as XDC that offer a seamless blockchain network. Hence, it is up to the users to pick the crypto network that suits their crypto needs.

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