XDC Network Takes Center Stage Amid Solana Network Crash
January 25 2022 - 6:33AM
NEWSBTC
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, Another day, another
48 hour #Solana outage. This is like the sixth time this has
happened in 3 months. I have zero faith in it now. It is the new
EOS. The fight is now between ETH, BSC, Fantom, Avalanche and
Terra. — Mark Jeffrey ⚡️🚀 (@markjeffrey) January 23, 2022
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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