$0.008939

DeBank (XP) is a Layer 1 blockchain network that aims to address the blockchain trilemma by focusing on security, scalability, and decentralization. The network operates on a Dual-Chain architecture, combining Proof-of-Work (PoW) for security with an optimized Proof-of-Stake (PoS) mechanism known as XPBFT for faster transaction validation. It is compatible with the Ethereum Virtual Machine (EVM), which allows for integration with existing decentralized applications (DApps). The network also includes a governance model called the Xphere Union Program, where validators stake XP tokens and participate in decision-making.

The network's design includes a Proof Chain for security and a Main Chain for high-speed processing, with transaction finality in one second and a throughput capacity of up to 4,000 transactions per second. A fee-burning mechanism permanently removes 50% of transaction fees from circulation, contributing to a deflationary model where the XP supply decreases by approximately 26% annually. The total supply of XP is 5.5 billion, with genesis issuance occurring on March 12, 2024, and mining expected to continue for about 100 years. Security is maintained through hybrid PoW and PoS mechanisms, with validators required to stake 35 million XP to participate. An upgrade, Xphere 2.0, is designed to enhance scalability, security, and governance, and includes plans for a grant program to support ecosystem development.