XinFin Fintech Overview: XDC Coin, Use Cases, and Ecosystem Growth

XinFin Fintech is a blockchain initiative designed to bridge the gap between traditional finance and DeFi. XinFin aims to modernize global trade and financial services.

At the core of this ecosystem is the XinFin (XDC) coin, a digital asset that fuels the platform’s many applications and services. In this article, we explore what makes this blockchain unique, how it works, its use cases, and how its ecosystem is expanding in today’s digital economy.

What is XinFin Fintech?

XinFin Fintech, short for Exchange Infinite, is a Singapore-based blockchain technology company focused on transforming international trade and finance. It operates on a hybrid blockchain, combining the openness of public blockchains with the security and control of private networks. 

This structure is particularly suited for financial institutions that need both transparency and confidentiality.

Unlike traditional blockchain platforms that are fully decentralized or entirely permissioned, XinFin offers a middle ground. This approach supports enterprise-level applications that must maintain privacy while benefiting from the trust and immutability of blockchain. 

Its main goal is to make global financial transactions more efficient, cost-effective, and secure by integrating blockchain solutions into legacy systems.

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How Does XinFin Work?

XinFin’s core technology is a hybrid blockchain model, based on a fork of the Quorum blockchain developed by J.P. Morgan. It combines Ethereum's smart contract functionality with permissioned features suitable for institutions. 

This dual-layered approach allows organizations to keep sensitive data private while using the public layer for validation and transparency.

The platform uses XinFin Delegated Proof of Stake (XDPoS) as its consensus mechanism. This method is energy-efficient, fast, and secure. 

Unlike Proof of Work systems like Bitcoin, XDPoS requires validators to stake XDC coins and run masternodes. The result is faster transaction speeds, lower energy consumption, and robust network security.

XinFin also supports ISO20022, a global financial messaging standard. This allows it to integrate more easily with traditional banking and finance systems, helping businesses transition smoothly to blockchain without overhauling their existing infrastructure.

About XDC Coin

At the heart of XinFin’s ecosystem is the XDC token, short for XinFin Digital Contract. XDC is the native utility token used to power transactions, execute smart contracts, and pay network fees. It operates on the XinFin blockchain and can also be traded on exchanges.

There are two main types of tokens in the XinFin ecosystem:

• XDC: Used for enterprise applications within the XinFin network.
• XDCE: An ERC-20 compatible version of XDC for trading on Ethereum-based decentralized exchanges.

As of the mainnet launch in June 2019, the total supply of XDC was capped at 37.5 billion tokens. The platform also includes mechanisms for token burning, which helps control inflation and maintain token value over time.

Read also: XDC Price Forecast: Will XDC Price Reach $10?

XDC Use Cases

XinFin and the XDC coin support a wide range of applications, particularly in the trade finance and financial services sectors. Below are some of the core use cases:

1. Trade Finance

XinFin’s flagship platform, TradeFinex, allows buyers, sellers, and financiers to conduct peer-to-peer trade and financing. The XDC token is used for real-time settlement, reducing costs and delays.

2. Smart Contracts

XinFin supports Ethereum-compatible smart contracts. Businesses can automate processes and agreements securely on the blockchain, with added privacy through XinFin’s hybrid model.

3. Cross-Border Payments

XinFin enables fast, low-cost international payments using the XDC coin. This is particularly useful for remittances, reducing reliance on traditional banks.

4. Supply Chain and Identity Management

The platform can be used to track goods, verify digital identities, and maintain tamper-proof records. These solutions are already being tested in industries like logistics and real estate.

5. Staking and Governance

Users can stake XDC to support network security and participate in governance. Masternode operators validate transactions and earn rewards, while backup nodes provide additional network resilience.

XDC Ecosystem History

XinFin began its journey with an initial coin offering (ICO) in March 2018, raising $15 million. The mainnet officially launched in June 2019, introducing a fully operational hybrid blockchain. Since then, XinFin has steadily grown its validator network and forged multiple partnerships.

Some key developments in the ecosystem include:

• Expansion of validator nodes: As of 2021, over 100 entities operate validator nodes.
• Stablecoin integration: XinFin has launched stablecoins like SGDg and EURg for practical financial use cases.
• EVM compatibility: Developers can deploy Ethereum smart contracts with minimal changes.
• Low energy usage: XinFin’s consensus mechanism is one of the most eco-friendly in the blockchain space.
• Ongoing development: Future plans include digital asset custodian integrations, multi-signature wallets, and advanced governance features.

These milestones show XinFin’s steady progress in becoming a preferred blockchain infrastructure for global finance.

Read also: XDC Network Hits 759 Million Transactions as Bitrue Launches 2.8M XDC Giveaway

Conclusion

XinFin Fintech stands out as a blockchain solution purpose-built for the global finance sector. By offering a hybrid blockchain with the flexibility to serve both private and public needs, it addresses real-world challenges that other platforms often overlook. 

The XDC coin plays a critical role in this ecosystem, enabling fast, low-cost, and secure transactions.

With strong technical foundations, practical use cases, and growing institutional interest, XinFin is well-positioned to become a key player in the next phase of blockchain adoption. 

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Frequently Asked Questions (FAQ)

1. What is XinFin Fintech?

XinFin Fintech is a blockchain company based in Singapore, focused on improving global trade and finance through a hybrid blockchain network.

2. What is XDC Coin used for?

XDC is used to pay for transactions, deploy smart contracts, and stake in the XinFin network. It supports real-time global finance applications.

3. How is XinFin different from other blockchains?

XinFin uses a hybrid model combining private and public chains. It supports privacy for institutions and transparency for public transactions.