No, XDC is not an Ethereum. XDC is its own blockchain platform with its own native token, XDC. While both platforms are decentralized and allow for the development of dapps, they differ in their consensus mechanisms, features, and Target use cases. XDC uses the delegated proof of stake (DPoS) consensus algorithm while Ethereum uses the proof of work (PoW) algorithm.
NOTE: This is a warning note to all users about the statement ‘Is XDC an Ethereum?’. XDC is not an Ethereum and is not associated with the Ethereum network in any way. XDC is its own separate blockchain network and has its own native token – xDCE. Therefore, please be careful when considering this statement as it is not accurate.
DPoS is more energy efficient and scalable than PoW. Additionally, XDC offers features such as cross-chain compatibility and zero-knowledge proofs that are not available on Ethereum. While both platforms can be used to develop dapps, XDC is better suited for enterprise use cases while Ethereum is better suited for consumer use cases.
6 Related Question Answers Found
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. xDai is a digital currency that is pegged to the value of the Dai, a stablecoin that is soft-pegged to the US Dollar. xDai is built on Ethereum and uses the same blockchain infrastructure as Ethereum.
If you were to ask someone whether XRP is built on Ethereum, you would likely get a variety of different answers. Some people might say yes, while others might say no. So, which is it?
IMX Ethereum is a public, decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. Ethereum is similar to Bitcoin in that it is a decentralized digital currency. However, Ethereum goes beyond being just a digital currency.
IPFS is a new peer-to-peer hypermedia protocol that could make the web faster, safer, and more open. If fully adopted, it could help reduce web censorship and increase users’ privacy and security. IPFS is not an Ethereum.
In 2015, a 19-year-old Russian-Canadian programmer named Vitalik Buterin published a white paper describing Ethereum, a decentralized platform that would use blockchain technology to enable anyone to build and run decentralized applications. The vision was to create a “World Computer” that would be more resilient and democratized than the centralized servers that power the internet today. Since its launch in 2015, Ethereum has grown to become the second largest blockchain platform by market capitalization, with a community of developers building thousands of decentralized applications on its network.
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property. This enables developers to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures contract) and many other things that have not been invented yet, all without a middleman or counterparty risk.
