AMA Satoshi Club x XINFIN, March 22nd

We are pleased to announce our next AMA on March 22nd, 2022 at 01:00 PM UTC Time: Satoshi Club x XINFIN

⚠️Click to see the hour
⚠️Total Reward pool: $500

⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join XINFIN Telegram group

We will have the following structure:

Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.

Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. XINFIN Team will select 10 questions and answer them.

Part 3: 300$ – A quiz about XINFIN

For more details:
XINFIN Website – xinfin.org
XINFIN Telegram – @xinfintalk
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish

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José Gamboa
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José Gamboa

The XDC Foundation recently launched Origin, which makes creating tokens amazing. Very soon, Origin will also support the exceptionally efficient and easy creation of NFTs on the XDC network. What is the origin? What is the utility of Origin? Characteristics of origin? How does Origin work? Origin benefits?

Telegram Username
@Josegamboac
José Gamboa
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José Gamboa

XinFin Network aims to be an EVM-compliant public blockchain with the following advantages: low transaction fee, fast confirmation time, double validation, and randomization for security guarantees. XinFin Network envisions an ecosystem of different DApps running on the XinFin Network Blockchain infrastructure. Does XinFin propose a solution to solve the transaction processing performance bottleneck? How do you address the following main bottlenecks of classic blockchains: Efficiency, Confirmation time, Fork Generation?

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@Josegamboac
Lestmaris Vera
Guest
Lestmaris Vera

In the recently published whitepaper, the XinFin Network proposes the XinFin Delegated Proof-of-Stake (XDPoS) consensus, which is a PoS-based blockchain protocol. What is XinFin Delegated Proof-of-Stake (XDPoS)? What are the novelties proposed by the XinFin Delegated Proof-of-Stake (XDPoS) consensus? Advantages?

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@Lestmarisv13
Dani
Guest
Dani

TradeFinex is the first DApp on XinFin hybrid blockchain. It is a decentralized peer-to-peer marketplace bringing together infrastructure owners, investors and suppliers to solve the global infrastructure deficit. TradeFinex platform enables buyers, sellers and financiers around the globe to trade and finance projects that banking institutions are unable to take up. This applies specifically to critical public infrastructure projects that the Government needs to undertake for economic wellbeing of the citizens. What blockchain is TradeFinex built on? Do you plan on making TradeFinex a Multi-chain DAPP system as this will create a system in which several blockchains are interconnected with… Read more »

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@Danniblaiz
Lestmaris Vera
Guest
Lestmaris Vera

The XDC token is the underlying utility token that powers the XinFin hybrid blockchain. The XDC token acts as a settlement mechanism for DApps built on the XinFin Hybrid Blockchain. XinFin also launched an Ethereum token called XDCE that can be exchanged with the utility token XDC in a 1:1 ratio. What is the utility of XDC and XDCE tokens? Toke economics? Why hold either XDC and XDCE tokens long-term? Advantages?

Telegram Username
@Lestmarisv13
Pelusa Pinto
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Pelusa Pinto

XinFin Network is an innovative solution to the scalability problem of the Ethereum blockchain and other current blockchain platforms. The XinFin Network is based on a system of 108 Masternodes with the XinFin Delegated Proof of Stake (XDPOS) consensus that can support low transaction fees and 2-second transaction confirmation times. The XiFin network only solves what is related to the Ethereum Network? What other blockchain is trying to fix XinFin’s problems? XinFin Network supports all smart contracts, protocols, and cross-chain atomic token transfers supported by EVM?

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@Pelusapinto21
Pelusa Pinto
Guest
Pelusa Pinto

The security, stability, and finality of the XinFin chain are ensured through novel techniques such as double validation, staking through smart contracts, and true randomization processes. Can you briefly and simply explain each of XinFin’s security, stability and purpose tools? How do they work? Do these tools give the user a security guarantee?

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@Pelusapinto21
Pelusa Pinto
Guest
Pelusa Pinto

The unique point of XinFin Network comes from the technology, the products and the ecosystem.

New technology: included

XinFin Delegated Proof-of-Stake (XDPoS) Consensus
Governance integrated D-app
Double validation and randomization
Sharding based on a stable masternode architecture

Can you briefly and simply explain each of these new tools that make up XinFin? How do they work? Features? Advantages?

Telegram Username
@Pelusapinto21
Jose Gamboa
Guest
Jose Gamboa

The unique point of XinFin Network comes from the technology, the products and the ecosystem. New technology included: XiFinScan, XiFinMaster and XDCWallet. Can you explain the unique products of XiFin XiFinScan, XiFinMaster and XDCWallet? What are their characteristics? Are all available? Advantages? benefits?

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@Josegamboac
Essence
Guest
Essence

Hi Xinfin Team- I read on one of your updates that there was XDC nature update named ” Andromeda” on your XDPOS consensus protocol. Could you please explain to us the use cases of this Andromeda in Xinfin? Xinfin Fin Tech I learnt is an Enterprise ready hybrid Blockchain technology company, the first company to utilize the DASL crypto bridge and this bridge enables Xinfins XDC to move from the XDC Network to be used as a settlement token inside the Cords ecosystem. Could you please tell us what Xinfin actually means and it’s interest in the Blockchain? What services… Read more »

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@Billz120
Eunice
Guest
Eunice

The XinFin community has decided to further reduce the supply of XDCE tokens, after the last major 2.1 billion, 300 million, 200 million, 500 million, 500 million, 500 million, 300 million token burn. What was the reason behind that major decision?Hence, the network burns 10 million XDCE tokens taking the total supply of XDCE to approx. 400 million tokens. Can you tell us the actual supply of XDCE token before the burn?The community also plans to further reduce the supply of the XDCE tokens in the near future until the contract termination of XDCe. What’s the difference between XDCE and… Read more »

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@Ask4unik
Essence
Guest
Essence

I read that while Xinfin Fintech launched the XDC Network over two years ago, the networks major achievements and integrations in the year 2021 may provide fertile ground for rapid adoption in this year 2022. Could you detail us any of such rapid adoption into your ecosystem in this year 2022 in view of your networks major achievements and integrations in the year 2021? Which area of Military Forensic are are interested on?

Telegram Username
@Billz120
Victoria
Guest
Victoria

I read an article that argues that hackers will use quatum computing technologies to hack supposed unhackable blockchains and that the two technologies must come together. is this true? Suppose it is true, we will like to know if you have pushed for collaboration with any quatum computing technologies to keep Xinfin very safe from hackers? Can you use this opportunity to tell us what firms, industries or other blockchains you have partnered with? What value has those partnership brings to Xinfin’s table?

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@UniqueVicky
Miriam Michael
Guest
Miriam Michael

I am very much attracted to XinFin XDPoS mechanism,which is a way of validating transactions that occur on XinFin’s (XDC) Hybrid Blockchain and appending those to the truth ledger.You also said that XinFin’s Delegated Proof of Stake uses of real-time voting to elect a pool of validators (or delegates).So can you explain to us when say you make use of real-time voting to elect a pool of validators?How is XinFin XDPoS mechanism different from alternative consensus algorithm?How many delegates or validators are choosen for each block ?It is also said that the network validators are responsible for preserving the sanctity… Read more »

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@Cheriemike
John
Guest
John

XDC recently integrated its blockchain architecture with GlobaliD Decentralized Identity Solution and you said this will allow your users on your blockchain network to privately and securely identify themselves when interfacing with blockchains, websites and apps. Can you explain the need for this ID solution and how users are expected to perform private identity verification? How will user obtain self-sovereign ID (SSI) for passwordless login to XDC Network’s dApps and how does this protect users from bots, scams, and bad actors? At what point of protocol usage will this decentralized identification be required?

Telegram Username
@Highpee
Miriam Michael
Guest
Miriam Michael

One of the features of XinFin is to help enterprises create Loyalty tokens or Reward Points.So how will this decentralized Loyalty tokens that the enterprises will set up on the XinFin Network real them in the real world with their customers?And how will this Loyalty token or Rewards points help enterprises who are planning to embark on a robust lead building program instead of cost-generating programs?And how will this enterprises deploy the Customer Loyalty tokens into the existing ERP(Enterprise Resource Planning)or CRM(Customer Relationship Management) system?Can you share with us any feedback from organizations that have added the Loyalty token or… Read more »

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@Cheriemike
Nkechi UD
Guest
Nkechi UD

XINFIN has said the defining feature of blockchains is it’s security adversarial actions the so called “Byzantine fault tolerance” which format is expressed as X% and as long as the fraction X% of participation level is honest,i.e follow protocol, then the security of the blockchain is guaranteed. Please what is this Byzantin fault tolerance and how does it work? How is the fraction X% of participation level calculated? At what level could it be said that the blockchain is honest? Following this,what could it of XINFIN? Is XINFIN fraction of participation level honest i.e matches defining features of blockchains?

Telegram Username
@NKUDM
Nkechi UD
Guest
Nkechi UD

I am doing a research in blockchains and how it can affect the tradition banking system. And as God may have it you come by. I will like if you don’t mind to give me a better insight of issues with the public blockchains and the banking industry. How does blockchain affect banking industry? Is blockchain a threat to banks?

Telegram Username
@NKUDM
John
Guest
John

XDC is a hybrid blockchain network that combines both public and private features in order to ensure safe access of users data. I will like to learn more about your private ledger and how your network is able to operate both public and private network at the same time. What are Private Access Token and how is NFT used to retrieve private blockchain information? How are private transactions initiated and verified on your blockchain network and what type of information do token holders have permission to retrieve?

Telegram Username
@Highpee
Jesus Freites
Guest
Jesus Freites

eXchange inFinite (XinFin) is a delegated proof-of-stake (XDPoS) consensus network. By using this technology, how does it help you provide your users with hybrid relay bridges, instant block completion and interoperability with ISO20022 messaging standards to make XinFin’s hybrid architecture developer-friendly? Why have you used XDPoS instead of other technologies?

Telegram Username
@JesusFre1tes
Jesus Freites
Guest
Jesus Freites

How does the Hybrid network technology presented by XinFin achieve digitization, tokenization and instant settlement of trade transactions, increase efficiency and reduce reliance on complex FX infrastructures to achieve greater flexibility in liquidity management for financial institutions?

Telegram Username
@JesusFre1tes
Eunice
Guest
Eunice

On the XDPoS, only master nodes can produce and validate blocks.How many blocks are currently available?You also said that once a coin holder deposit 10millionXDC to the smart contract,then they’ll be listed as master nodes candidates in the DApp.Is the 10million XDC a fixed amount for Candidates who are interested to be master nodes holders?Will the amount be changed in the future to allow more investors to participate? What benefits will master nodes who work consistently within the system receive as incentives for their tireless efforts? What’s the consequences for master nodes who performed poorly?Can you please kindly elaborate on… Read more »

Telegram Username
@Ask4unik
Miriam Michael
Guest
Miriam Michael

The unique products of XinFin are XinFinScan,XinFinMaster and XDCWallet.So can you briefly elaborate on your product/the services render through them?As for your wallet,how safe or secure is it? Will these be the only products that will be available in your platform?Or are there plans of having more products in the future?When accessing your roadmap,I noticed that your roadmap actually end in 2021,does that mean you are yet to finish some features mapped out for 2021?So can you tell us what users are to expect this year 2022 and and new releases that will pop up this year?

Telegram Username
@Cheriemike
Victoria
Guest
Victoria

I am a beginner to this topic and I am trying to understand it’s recent popularity. However the whitepaper I read so far highlight one great feature use in blockchains “forensic monitoring” but this feature I know are already use even in DNA analysis, chemical analsis, and fingerprint analysis. I would love to know why it is important in blockchains and how it is different from already existing infrastructures

Telegram Username
@UniqueVicky
Junior ||
Guest
Junior ||

XinFin Network aims to be a public EVM-compatible blockchain and introduces double validation and randomization of security guarantees. Can you explain on the double validation of XinFin Network? What are the advantages of the Double validation in XinFin Network instead of traditional Blockchain Validation? Thank you

Telegram Username
@iceVermithraxx
Marian
Guest
Marian

It caught my attention that when it comes to the security of XinFin’s blockchain, I saw that it has been implemented on the Network something called “Double Validation”, can you tell us more about this security feature? How does this Double Validation exactly work? Why did you decide to integrate this feate onto your network? What kind of security and overall benefits provides to XinFin that other security measures can’t? What is so special about this feature that is able to make XinFin Network unique among other Delegated Proof of stake based blockchains?

Telegram Username
@meml97
Sunny
Guest
Sunny

From the comparison table published on xinfin.org, we can make a conclusion that XinFin is faster, cheaper, more efficient and more eco friendly (energy efficient) when comparing it with Bitcoin and Ethereum. Could you elaborate more on these criteria and tell us what will it all mean for users in long run? At the same time could you compare XinFin with other 3rd generation blockchains to see its advantages? Thanks!

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@sunny_steel
Rozie
Guest
Rozie

I understand that XinFin Network is an innovative solution to the scalability problem of the Ethereum blockchain, and other current blockchain platforms.and I noticed that XinFin Network has Different Products asfollows: XinFinScan, XinFinStats, XinFinMaster, XinFinWebWallet. Can you please explain this products of Xinfin Network? What are the features of these products and How will this products benefit users who use the Xinfin Network? Are all the products currently available or yet to be launched? Will you be adding more products as the project advances?

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@Rozielyna
Marian
Guest
Marian

I read that one of the features that makes XinFin Network different from others is its “Build in governance D-app”, can you tell us more about this? How will this build in governance D-app exactly work? How can XinFin’s users be able to participate in this kind of governance system? And what kind of responsabilities does this governance have? Also, what are the benefits XinFin Network will get by having this build in governance D-app implemented onto the network instead of any other kind of governance model? How is it more suitable for XinFin?

Telegram Username
@meml97
Rozie
Guest
Rozie

XinFin Network relies on a system of 108 Masternodes with XinFin Delegated Proof of stake (XDPoS) consensus that can support low fees (approx. Masternodes are full-nodes that create, verify, and validate new blocks in XinFin XDC Network also play a vital role at the time of the validation of the transaction. Can you share the features of the Masternodes and how it works on the Xinfin network?How can a user become a Masternodes candidate? What are the steps and requirements involved? What are the rewards/ incentives for a Masternode? I noticed that users need Two wallets for master node. Why… Read more »

Telegram Username
@Rozielyna
Rozie
Guest
Rozie

XinFin Network is an innovative solution to the scalability problem of the Ethereum blockchain, and other current blockchain platforms What are the unique features of Xinfin network that makes it different and stand out from its competitors? What are the strategies that Xinfin network has implemented to solve block chain existing problems? What are the reward systems of Xinfin Network for users and early adopters of your Project? Security is of utmost important to every project and its users, so what are your security protocols for your project? How do you intend to solve security problems to ensure that users… Read more »

Telegram Username
@Rozielyna
Nkechi UD
Guest
Nkechi UD

In general, cryptographic protocols are analysed via security proofs. To come up with security proofs researchers need to have a detailed report of the underlying cryptographic protocol. Such a protocol is usually written in a form of Whitepaper or research paper that is why Cryptocurrencies like Bitcoin, Ethereum, Cardano all have Whitepapers. Researchers have analysed and proven the security of these Cryptocurrencies. You also have a whitepaper which is just as important in blockchains development,has your whitepaper been analysed and it’s security proven yet? Meanwhile the risk in this context can be accessed via various approach e.g analysing the trust… Read more »

Telegram Username
@NKUDM
Marian
Guest
Marian

I saw that it is stated several times on your docs that XinFin Network is compatible with any smart-contract written in Ethereum, and that XinFin Network also has a ERC-20 version of it’s token. However, it poke my curiosity that there is no mention of any other popular blockchain on your docs nor your website, so I was wondering, is XinFin Network compatible with other networks such as BSC, Polygon or Avalanche? Do you have plans on bringing your innovative solutions to this other blockchains as well? Will XinFin have any kind of bridge to achieve this?

Telegram Username
@meml97
Sunny
Guest
Sunny

Among the beneficiaries of XinFin product are goverments, local bodies, communities, corporates, financial institutions and end users. WTO & ICC are already mentioning XinFin in its reports. So, what are their outputs on XinFin value for the community? What questions do these organizations ask when they look for answers within XinFin services? How do you personally see XinFin changing people life in 5 years? Thanks!

Telegram Username
@sunny_steel
Ysabel
Guest
Ysabel

I read that eXchange inFinite (XinFin), is a delegated proof-of-stake (XDPoS) consensus network, which enables hybrid relay bridging, instant block completion and interoperability with ISO20022 messaging standards, so could you tell us, why this consensus network is more user friendly, easy to use and secure, how ISO20022 messaging standards provide a better experience for users and tell us how this network is different from competitors?

Telegram Username
@ysasoma
Ysabel
Guest
Ysabel

I read that your consensus network is the fastest and most energy efficient in the world, so could you give us a comparison of XinFin with the competitors and show us why it is faster and what makes it more energy efficient and finally tell us how you solve consensus problems in a fair and democratic way?

Telegram Username
@ysasoma
Ariana
Guest
Ariana

I would like to know what skills are needed to become a masternode holder? Could you explain to us what benefits masternodes and node operators have in your ecosystem? Also, I could see that it is necessary to pass a KYC to be validated, can you explain how to successfully pass it?

Telegram Username
@Arisabela
Ariana
Guest
Ariana

With the most recent update of your platform you announced several benefits for Ethereum’s EVM-Compatible projects to move to XinFin, I would like to know why it is superior to a PoW protocol? Does it influence the security of transactions? Could you tell us some examples of recent XinFin alliances that have benefited from these updates?

Telegram Username
@Arisabela
Sanyaolu
Guest
Sanyaolu

From my research, XinFin’s XDC Network aims at encouraging and supporting XDC Network-based Startups, DApp developers, freelance developers, and Blockchain VC to build the XDC ecosystem, providing them with a platform for long-term communication and cooperation with XinFin Network-based EcoSystem. You had mentioned that startup projects could apply for funding on XinFin..Can you shed more light on this.? What Criteria must startup project meet up with before they can be Funded by XinFin?..Apart from Capital support, what other forms of support can XinFin offer to startup project..?…What form of agreement will XinFin have with these startup project before funding?..

Telegram Username
@jameslekan664
Karoceh
Guest
Karoceh

It’s incredible that transaction fees on XinFin so small just average $0.0001. But I’m also curious, can this rate average be stable and stay low in the future? What if transactions increase on the XDC network? Will this have a significant effect to transaction fees rate?

Telegram Username
@Karoceh
Sanyaolu
Guest
Sanyaolu

From my research, I observed that XinFin has architected its network from a fork of Ethereum and Quorum. Ethereum is a public blockchain whereas Quorum is a private one..Why does this hybrid architecture consist of a private and a public blockchain.? What major problems will this hybrid nature solve?..Does this hybrid nature make XinFin interoperable with legacy systems and other blockchain platforms??..

Telegram Username
@jameslekan664
Sanyaolu
Guest
Sanyaolu

I understand that the XDC01 Protocol functions as both a messaging and confirmation layer for domestic or cross border approved payments, while the XDC token can be used as a payment and settlement layer..Since the XDC token can be used for cross border payment, is the XDC token currently supported by any approved financial institution? How cost effective is the XDC token? Can payment be made in fiat and other currencies?. Furthermore, I will like to know if the XDC01 protocol can be used across different industry sectors..

Telegram Username
@jameslekan664
Sara Larez
Guest
Sara Larez

one of the concerns of most users is SECURITY and it is not for less after many projects have been attacked and have lost the assets of the users, then, how XinFin guarantees that it is prepared to be in the market in a SAFE way, that no malicious attack could achieve the theft of the assets that exist in the project, tell us, have you audited and implemented systems or technologies to be SAFE?

Telegram Username
@SaritaaL
Sara Larez
Guest
Sara Larez

could you briefly describe XinFin’s hybrid blockchain powered by the XDC protocol, what are the problems it tries to solve, what makes it a highly secure and robust blockchain, tell us also, what is its main objective and what tools do you want to offer to both individuals and companies in the CRYPTOVERSO that no other blockchain can offer so far, i.e. what makes them unique?

Telegram Username
@SaritaaL
Lexxxi
Guest
Lexxxi

“Consortium Membership”; I understand that this refers to the relationships an institution or Individual can have with the XDC blockchain…This membership is divided into three tiers (Tier 1, Tier 2 and Tier 3) depending on the number of XDC tokens held..Can you elaborate on these tiers?.. What exact amount of tokens must a user (individual or institution) acquire to be in each of these tiers.. Furthermore, what incentives and benefits will the members in each of these tiers get?

Telegram Username
@leeguap4L
Jose Silva
Guest
Jose Silva

I read that you have a wallet called XinPay, that is why I would like to ask you, what are the main functions that are integrated in XinPay, what does it allow XinPay users to do that other wallets in the market do not allow them to do, what makes XinPay, much more secure than others and tell us what are its most outstanding features?

Telegram Username
@Jodasf1
Jose Silva
Guest
Jose Silva

I read that the XDC token is the underlying utility token that powers the XinFin hybrid blockchain and acts as a settlement mechanism for DApps built on xinfin hybrid Blockchain, but what other use cases will the XDC token have, tell us what mechanisms you will implement to ensure it remains with an attractive value over time, also share the details of the allocation of the XDC token, how much is its total supply, if they will give additional benefits for those users who keep it for a long time in their wallets and lastly share if the XDC token… Read more »

Telegram Username
@Jodasf1
Nhairy
Guest
Nhairy

What are the three factors for improving technology that has helped them achieve their goals, can XDC tokens be extracted or are they only applicable to their affiliates, what motivated them to create a hybrid network, what are the use cases of XDC and how they plan to become a global platform with long-term sustainability?

Telegram Username
@nhairym
Nhairy
Guest
Nhairy

What sector is your platform aimed at, how friendly and flexible it really is, only institutions can invest in XinFin, what is its main fundraising mechanism, I am very struck by the fact that they present several induction videos to their platform but all in English, how do you plan to attract communities that do not speak English, what are your plans to develop with higher priority in the near future?

Telegram Username
@nhairym
Nhairy
Guest
Nhairy

One of the aspects that Defi has not yet fully controlled and that would be a great advance is interoperability, what are the elements and characteristics of interoperable XinFin smart contracts, what are the advantages of combining public and private blockchains and having an open source wallet, can you clearly define the philosophy of your protocol?

Telegram Username
@nhairym

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