Freewallet Adds Support for XinFin’s XDC Coin

Freewallet Adds Support for XinFin’s XDC Coin

XinFin’s XDC is now available on Freewallet’s multi-coin app and web wallet. XDC is the fuel for the XDC Network, a hybrid blockchain protocol, featuring a public permissionless state and private sub networks. The XDC blockchain features the XinFin Delegated Proof of Stake (XDPoS) consensus mechanism, which enables low gas fees and near-instant transactions. 

Send, Receive and Store XDC with Free Wallet

Freewallet users can now send, store, and receive XDC. Furthermore, XDC is now supported by Freewallet’s multi-coin application and web wallet. Freewallet support for XDC arrives after a substantial wave of technology integrations for the XDC Network. These integrations have provided increased accessibility to the network’s native token for institutional investors and the broader XDC community.

The XDC Network is an interoperable blockchain network with an enterprise-friendly architecture. Designed for a future where blockchain technology is adopted at scale, the XDC Network solves several bottlenecks within classic blockchain systems, including extended transaction times, limited throughput, and fork generation vulnerability. The network has enhanced scalability features, including +2000 TPS, near-zero fees and instant finality.

Freewallet has not yet integrated an option to exchange XDC. This feature will be added in the future.

Users can start interacting with the XDC Network and its native token, XDC, by downloading the Freewallet app to their Android or iPhone. Users can just tap ‘+’ and ‘Receive’ to generate their XDC addresses.

A Quick Background on Freewallet and XinFin

Freewallet is a multi-coin crypto wallet that makes it comfortable for clients to oversee and store their crypto reserves both on mobile and desktop interfaces. In 2016, the wallet was launched as a FantomCoin wallet and since has developed to provide support for many crypto coins and tokens. Freewallet’s team has effectively delivered a seamless experience for users to access and manage their funds. 

The XDC Network - created by eXchange inFinite (XinFin) - is a delegated proof of stake consensus network (XDPoS), enabling hybrid relay bridges, instant block finality, and interoperability with ISO 20022 financial messaging standards, making XinFin's Hybrid architecture enterprise and developer-friendly. XinFin Digital Contract (XDC) is the digital asset that powers the XDC hybrid blockchain network. The XDC token acts as a settlement mechanism for decentralized applications (Dapps) built on the XDC Network, including TradeFinex, a network for trade finance originators to distribute trade assets to the growing class of alternative asset investors.

According to CoinGecko, the XDC price is $0.05 with a 24-hour trading volume of $4,048,958, at the time of writing.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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