Ethereum scaling solution XDC Network presents XDPOS2.0, an enhanced consensus for scalability and forensics.
08 August 2022 - 11:07PM
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Scalability problems have plagued Ethereum, the second-largest
blockchain network in the world, for some time now. The
proof-of-work model’s inability to scale demonstrates that
blockchains implementing this consensus process are limited to
transaction throughput rates of a single digit. It is evident to
any developer who has attempted to create a widely utilized
decentralized application that Ethereum isn’t nearly ready in its
current form. The user experience is awful because transactions
take a long time to clear, and every basic function must be paid
for. Everything comes down to a generic “scalability” issue, and
cost and poor throughput have been significant roadblocks to any
severe adoption. Ethereum has primarily decided on a course of
action. Although Ethereum 2.0 is one of the most ambitious projects
in the blockchain industry, it will be a significant step forward
for decentralization if it succeeds as planned. The Ethereum
blockchain’s and other top blockchain platforms’ scalability issues
have an inventive answer in the form of the XDC Network. The 108
Masternodes that make up the XinFin Delegated Proof of Stake
(XDPoS) consensus architecture that powers the XDC Network enable
cheap transaction fees and 2-second transaction confirmation
speeds. Innovative methods, such as double validation, staking via
smart contracts, and simple randomization procedures, ensure
security, stability, and a trustless ledger. The XDC Network
supports all EVM-compatible smart contracts, protocols, and atomic
cross-chain token transfers. Sharding, EVM parallelization,
private-chain creation, and hardware integration are a few examples
of new scaling strategies that will be continuously investigated
and included in the Masternode architecture of the XDC Network. For
both small and large organizations, it will be the perfect scalable
smart-contract public blockchain for decentralized apps, token
issuances, and token integrations. Currently, multiple projects are
already built on XDC Network, and it can be found among the
utilities of XDC on XinFin’s official website. With its practical
and secure consensus protocol, XDC Network addresses the
traditional blockchains’ primary bottlenecks. Hence, XDC Network is
a trustworthy Ethereum-compatible and Ethereum-competitive
blockchain platform that offers a foundation layer for business
blockchain applications and a strong ground for blockchain
innovation at all levels. A novel consensus engine developed
exclusively for XDC, XDPoS 2.0, has been released in testnet. With
a full year of beta testing necessary before the new protocol is
scheduled to be implemented in the first quarter of 2023, XDPoS 2.0
is viewed as a significant milestone and by far the most complex
upgrade since the XDC Network’s inception. This upgrade, which is
entirely backward-compatible in terms of APIs and is based on the
most cutting-edge BFT consensus mechanism, will give the XDC
Network military-grade security and performance while using minimal
resources. Additionally, it will clear the way for the XDC
Network’s future development. Multiple tools such as Origin – Token
creation Platform, Remix, Explorer, Tools & documentations are
available to help the newbies planning to build on XDC Network.
Already, the developmental conversations are active on Xdc.dev, a
community for blockchain developers. It acts as one of the resource
centers for blockchain engineers, including a knowledge base,
tools, and support.
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