$0.00006714

XDB is the native cryptocurrency of XDB CHAIN, a blockchain platform designed for fast and low-cost transfers of consumer digital assets like branded currencies, NFTs, and stablecoins. It operates as a decentralized, open-source network composed of interconnected cores run by individuals and organizations. Users can create payment tools and launch digital assets by linking them to apps. The project aims to bring digital asset tokenization to the mass market by providing liquidity and integrating with existing applications. XDB CHAIN is a fork of the Stellar protocol, inheriting its core features.

XDB CHAIN was founded by Daniele Mensi. The project distinguishes itself as one of the fastest blockchains in the industry, leveraging its Stellar fork to offer enterprise-grade features tailored for brands. Its ecosystem includes a decentralized exchange (DEX) for tokenizing and transferring assets, an orderbook for matching buyers and sellers, and support for cross-asset payments. The platform claims high processing speeds of 10,000 transactions per second, with plans to increase to 1.19 million via a layer 2 solution in testing. It also emphasizes environmental sustainability and provides innovative tools for organizations to engage with customers.

Currently, there are 17,197,670,082 XDB coins in circulation, with a commitment to burn tokens until reaching a target supply of 10 billion. This deflationary mechanism is implemented through a dual system called BCO (branded coins) and BBB (buz back and burn), linked to product integrations and utility. The XDB token serves several purposes: it is used for account authentication, requiring a hold of 10 XDB to confirm accounts and enable sending, and it charges a transaction fee of 0.00001 XDB. Additionally, XDB facilitates fast, low-cost payments and acts as an intermediary for trading pairs of digital assets with limited direct markets.

XDB CHAIN secures its network using the Federated Byzantine Agreement (FBA) consensus mechanism, similar to Stellar. This approach divides the network into application, bridge, federation, and compliance servers, ensuring decentralized and secure transaction validation without relying on a central authority.

XDB CHAIN (XDB) is available for purchase on several cryptocurrency exchanges, including KuCoin, Gate.io, MEXC, CoinDCX, and Bitrue. Coinasity shows the live XDB price and converts it into other currencies.