#xdc smart contracts

[law-blocks-ai]

From Conflict to Resolution: Law Blocks' ADR and ODR in Action

In a world driven by digital transformation, the legal landscape is no exception. Traditional approaches to dispute resolution are giving way to innovative methods that are faster, more accessible, and in tune with the times. Enter Law Blocks, a trailblazer in the realm of Alternative Dispute Resolution (ADR) and Online Dispute Resolution (ODR). In this blog, we'll embark on a journey through the intricacies of ADR and ODR, exploring how Law Blocks is reshaping the way conflicts are resolved in the digital era.

The Digital Revolution Meets Legal Innovation

As the digital revolution continues to disrupt industries, the legal sector is undergoing a profound transformation. Gone are the days when resolving disputes meant lengthy court battles, hefty legal fees, and a process that often left parties dissatisfied. With the advent of ADR and ODR, a new era of conflict resolution has emerged—one that's efficient, cost-effective, and tailored to the needs of the parties involved.

Law Blocks: A Catalyst for Change

At the heart of this legal evolution is Law Blocks, a platform that's revolutionizing how disputes are settled. With a suite of innovative tools and technologies, Law Blocks simplifies the process from start to finish. Here's a glimpse of what it offers:

AI Templates: Law Blocks provides AI-driven templates that guide users through the creation of legal documents. These templates aren't just static forms; they're smart, adapting to user inputs and ensuring the resulting documents are accurate and legally sound.

Secure Document Sharing: Collaboration is made seamless with Law Blocks. Users can securely share documents with counterparts, eliminating the need for cumbersome email exchanges and reducing the risk of version conflicts.

Document Editing: Need to make changes to a shared document? Law Blocks allows for real-time, collaborative editing, ensuring that all parties are on the same page, literally.

Cryptographic Signatures: Signatures are a critical part of legal agreements, and Law Blocks employs cryptographic signatures for utmost security. These signatures are tamper-proof, ensuring the integrity of your documents.

Blockchain Integration: Law Blocks leverages blockchain technology to provide an indelible record of transactions. Documents are loaded onto the blockchain, creating a transparent and immutable history of all interactions.

ADR and ODR: The crux of Law Blocks' innovation lies in its ADR and ODR capabilities. Parties can opt for mediation and arbitration courts within the platform, streamlining the dispute resolution process.

The Power of ADR and ODR

So, how do ADR and ODR work in practice? Here's a simplified breakdown:

Mediation: In the event of a dispute, parties can choose mediation. A neutral mediator, agreed upon by the parties involved, facilitates discussions and negotiations. Mediation encourages collaboration and communication, often leading to mutually agreeable resolutions.

Arbitration: If mediation doesn't resolve the issue, the dispute moves to arbitration. Here, smart contracts come into play, ensuring transparency and enforcing the decisions of the arbitrator. It's a faster and more cost-effective alternative to traditional court proceedings.

Law Blocks in Action

The real magic of Law Blocks unfolds when you see these processes in action. Picture this: You need to draft a complex legal agreement with a business partner. With Law Blocks, you access an AI template specifically tailored to your needs. As you work on the document, your partner reviews, edits, and signs it—all within the platform, securely tracked on the blockchain. If a dispute arises, you opt for mediation, facilitated by a neutral mediator. The process is transparent, efficient, and cost-effective, thanks to smart contracts. The result? Conflict to resolution, seamlessly.

The Future of Dispute Resolution

In a world where speed, accessibility, and fairness are paramount, Law Blocks' ADR and ODR innovations are driving change. The legal industry is catching up with the digital age, and Law Blocks is leading the way. As blockchain technology continues to mature and gain acceptance, the synergy between legal expertise and innovation will be the driving force behind the next evolution in dispute resolution.

From conflict to resolution, Law Blocks is rewriting the narrative, offering a vision of legal innovation that's accessible to all. Stay tuned as we continue to redefine the landscape of justice in the digital era.

For more information check here >>

Linkedin : Lawblocks

Discord : https://discord.com/invite/e9cKqusTDB

Reddit : https://www.reddit.com/user/LawBlocks

Twitter : https://twitter.com/lawblockstoken

[lawblocksai]

Legal settlements don’t need to take weeks.

With Law Blocks AI + smart contracts on the XDC blockchain, settlements can be finalized in just a few clicks ��� fast, secure, and transparent.

Read more: https://lawblocks.medium.com/case-closed-in-clicks-how-law-blocks-speeds-up-settlements-with-smart-contracts-8d57b17e5f78

#LawBlocksAI #XDCNetwork #LegalTech #SmartContracts #XDC

@lawblockstoken @SmartContract

[fabiopempy]

SecuX and XDC Network Unite to Deliver Secure, Scalable Access to the XDC Ecosystem

SecuX, a global blockchain security company, announces its integration with the XDC Network, delivering secure cold wallet support for managing XDC tokens, interacting with smart contracts, and accessing decentralized applications (DApps). With this update, SecuX hardware wallets provide complete and secure access to XDC Network, one of the fastest-growing blockchain ecosystems. Users can

Read More: You won't believe what happens next... Click here!

[justmepat]

The Future of Finance: Top Cryptocurrencies Shaping the Financial World 🌍💸

The financial sector is evolving rapidly, and blockchain technology is at the forefront of this transformation. Here’s a quick look at some of the most innovative cryptocurrencies designed to revolutionize payments, trade finance, and enterprise solutions:

1. XRP (Ripple)

💸 XRP is the go-to solution for cross-border payments. Designed for financial institutions, it offers fast, low-cost transactions and helps streamline global liquidity. Ripple is paving the way for a more connected financial world. 🌍

2. XLM (Stellar Lumens)

🌟 XLM focuses on financial inclusion by enabling fast and affordable international transfers. Stellar empowers the unbanked population and facilitates small-scale transactions globally. 💵✨

3. XDC (XinFin Digital Contract)

🚀 XDC is transforming trade finance by digitizing global trade and supply chains. XinFin bridges traditional finance with blockchain technology to create secure, scalable solutions for enterprises. 🌐📄

4. QNT (Quant)

🔗 QNT is all about blockchain interoperability! With its Overledger technology, Quant connects different blockchains and legacy systems, making it easier for enterprises to adopt blockchain solutions seamlessly. 🔒⚡

5. ALGO (Algorand)

⚡ ALGO powers decentralized finance (DeFi) with speed, security, and scalability. From stablecoins to tokenized assets, Algorand is designed for enterprise-grade applications with ultra-low fees. 💎💻

6. HBAR (Hedera Hashgraph)

🌐 HBAR uses Hashgraph technology to deliver enterprise-grade efficiency. It’s perfect for applications like payments, identity verification, and supply chain tracking—all at lightning-fast speeds! 🛠️🔒

7. ADA (Cardano)

📚 ADA is a research-driven blockchain built for scalability and sustainability. Cardano supports smart contracts and decentralized applications while prioritizing security and environmental friendliness. 🌱💡

The Future Is Here 🚀

These cryptocurrencies are shaping the next generation of finance by bridging the gap between traditional systems and blockchain technology. Whether it’s cross-border payments, trade finance, or decentralized applications, these projects are leading the charge toward innovation! 💻✨

[36crypto]

XDC Network (XDC) Price Prediction 2025-2029: Will XDC Price Hit $0.35 Soon?

The XDC Network, previously known as the XinFin Network, is a blockchain platform tailored for smart contract development and community engagement. Its native cryptocurrency, XDC, has gained traction due to its hybrid blockchain architecture. Launched in 2019, the platform ensures efficient, scalable, and cost-effective transactions. It uses a delegated Proof of Stake (DPoS) mechanism, allowing…

[airdropbountyevents]

Proof Of PLI Staking Reserve: Let’s Build On Foundations Of Trust

Proof of PLI staking reserve: Let’s build on Foundations of trust.

The world is continually and rapidly transitioning to cryptocurrencies. However, as crypto becomes more popular, more players are more likely to be exposed to deteriorating crypto assets. And knowing that some cryptocurrencies come with very few consumer protections, retail investors may have no idea what they’ll own after a certain period or event.

Lack of transparency, caused by opaque regulatory, security, and privacy guidelines, has compounded the problem therein. And going by industry events, there’s a need for crypto projects to adopt more transparent ways of managing their funds.

What’s Plugin’s Proof of PLI Staking reserve?

Plugin , which remains committed to transparency, seeks to reassure community members by availing an easy-to-use interface where Node Operators and Yield Farmers can verify their stake. Hence, Plugin developed the Proof of PLI Staking Reserve.

Proof of PLI Staking Reserve main objective is to increase the community member’s “Trust” and “Transparency”. To increase the community’s trust and transparency, the system helps members check whether their PLI stakes are locked in smart contracts and that there’s no entity or individual that has central control over the stake.

To increase trust and transparency, further, it directly brings the total staking balance from the smart contract in real time. The numbers are taken directly from the contract without any mathematical projection. This aspect of this proof of reserve introduces some unique benefits. The first benefit is security and transparency. With each stake published on Plugin’s blockchain, and each record of a completed transaction being available for anyone to review without revealing the owner’s identity, the system ensures that one’s stake is secure. At the same time, the platform ensures transparency since parties can check records of completed transactions at their convenience. Coupled with the fact that information stored on a blockchain is immutable, Plugin’s proof of PLI staking reserve helps increase trust, transparency, and security.

Given that there isn’t central control over the stake, (the node operator or yield farmer) interact directly with Plugin; hence, the process of verifying one’s stake is free. Therefore, the Plugin proof of reserve allows the one to check his assets without cost-related limitations. What’s more, free verification of stake encourages the one to keep track of PLI-related transactions as recorded on XDC Network’s smart contracts . Ultimately, the transparency and security, made possible by free operations on Plugin’s proof of reserve platform, help build trust.

How can Users check the Liquidity and Solvency of their Stake?

To check the liquidity and solvency of a stake, one only need to visit the Plugin proof of PLI staking reserve platform. Here’s a brief guide for either the node operator staking overview or yield farming overview section.

For the node operators, one needs to click on the “verify now” button in the node operator staking overview section. Once on the XinFin Explorer page, one can search for a specific transaction using a transaction hash (Txn Hash). Note: a transaction hash serves as a unique identifier that’s similar to a receipt and that confirms a transaction’s validation and addition to Xinfin’s blockchain.

As well, one can add addresses involved or block numbers to the search bar to view an overview of a certain transaction. On the overview page, one can independently audit one’s transactions as a node operator. Key metrics one should consider when auditing a transaction include the addresses involved, a transaction’s status, the block number, the transaction value, and the gas price incurred in one’s transaction.

For Yield Farmers, click on “verify now” button in the yield farming overview section. On the search bar, add one’s transaction hash, addresses involved, or block number to have an overview of one’s transaction. With the overview, one can independently check the status of one’s transaction, the addresses involved, fees incurred, etc.

Kindly note: The token price, reward frequency, minimum deposit, and total tokens staked by node operators and yield farmers are updated in real-time.

Are there conditions to be met before withdrawing one’s stake?

On Plugin, every stake has a one-year lock-in period. This implies that one is required to maintain his/her stake for a full year in order to be eligible for an unstake or a withdrawal.

Nonetheless, Plugin understands the needs of its community members and remains committed to improving their positions. Therefore, Plugin’s governance committee often accepts requests to unstake assets before the lock-in period elapses. Kindly note, the governance committee only accepts requests that are backed by legitimate reasons. Asking for appropriate reasons prior to unstaking assets is important to avert misuse by users and to guarantee adherence to preset guidelines — -that are meant to improve the positions of each user. Sticking with conditions required prior to withdrawing one’s stake guarantees sustainable operations and ensures appropriate returns for the respective parties. In turn, sustainable operations and appropriate returns increase trust.

Bottom-Line

As cryptocurrency becomes more mainstream, there’s a need to build systems that ensure transparency and security and build trust. Going by recent events in the crypto industry, there’s a need to ensure that users can easily verify the liquidity of their assets and the solvency of their crypto platform.

In this context, Plugin, which is an entity that remains committed to security and transparency, has introduced the Proof of PLI Staking Reserve platform. The platform allows node operators and yields farmers to ascertain their stake at any given time. Thanks to the direct projection of values from the smart contract, the web-based nature of the platform which eases access, and the free nature of verifying transactions, users can check on the status of assets without restrictions. The resulting transparency helps build trust among stakeholders.

Contact: Vinod Khurana @ Suvik Technologies FZE Sharjah Research, Technology and Innovation Park. Al Sharjah, United Arab Emirates https://goplugin.co/

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[orderonlinecakes-blog]

Unlocking the Future: XDC News and Its Impact on Global Trade

In recent years, the world of global trade has witnessed a seismic shift, driven by technological innovations such as blockchain. Among the emerging players in this arena is XDC, a blockchain-based digital asset designed to revolutionize cross-border transactions. XDC news is making waves across industries, promising to unlock new possibilities and reshape the future of international trade.

XDC, short for XinFin Digital Contract, is gaining traction as a reliable and efficient solution for facilitating secure and transparent transactions on a global scale. Its blockchain technology enables seamless cross-border payments, eliminating intermediaries and reducing transaction costs. Moreover, XDC's smart contract capabilities automate contract execution, streamlining trade processes and enhancing efficiency.

The impact of XDC news extends beyond transactional efficiency. By providing a decentralized platform for trade finance, XDC empowers small and medium-sized enterprises (SMEs) to access global markets and compete on a level playing field. This democratization of trade finance has the potential to stimulate economic growth and foster financial inclusion, particularly in developing regions.

Furthermore, XDC's interoperability with existing financial systems and networks enhances its utility and accessibility. Whether it's integrating with traditional banking infrastructure or interoperating with other blockchain platforms, XDC offers flexibility and interoperability, making it an attractive choice for businesses seeking to streamline cross-border transactions.

As XDC news continues to grab headlines, its impact on global trade becomes increasingly evident. By reducing friction in cross-border transactions, XDC has the potential to unlock trillions of dollars in value, driving economic growth and prosperity worldwide. From supply chain optimization to trade finance digitization, XDC is poised to transform the way businesses conduct international trade.

Read the full article here: https://theomnibuzz.com/unlocking-the-future-xdc-news-and-its-impact-on-global-trade/

[ailtrahq]

Ankr has announced a significant partnership with XDC Network, a Layer 1 blockchain platform for trade finance and asset tokenization. The partnership will enable Ankr to offer its Remote Procedure Calls (RPC) service to XDC Network, enhancing its performance, security and scalability. RPC is a protocol that allows applications to communicate with each other across different networks. Ankr’s RPC service provides a reliable and cost-effective way for developers and users to access various blockchain networks, such as Ethereum, Binance Smart Chain, Polygon and Solana. Ankr’s RPC service also supports Web3 applications, such as wallets, exchanges and decentralized applications (DApps), that require fast and seamless interaction with blockchain data. By integrating Ankr’s RPC service, XDC Network will be able to leverage Ankr’s global network of nodes and servers, which are distributed across more than 40 data centers in 15 regions. This will ensure that XDC Network can handle high volumes of transactions and queries while maintaining low latency and availability. Moreover, Ankr’s RPC service will provide XDC Network with enhanced security features like encryption, authentication, and firewall protection. XDC Network is a hybrid blockchain platform that combines the best features of public and private blockchains. It is designed to facilitate trade finance and asset tokenization by enabling enterprises and governments to create smart contracts and issue digital assets on a secure and compliant platform. XDC Network supports interoperability with other blockchain networks, such as Corda and Hyperledger Fabric. The partnership between Ankr and XDC Network will benefit both parties and the broader blockchain community. Ankr will be able to expand its user base and network reach, while XDC Network will be able to improve its user experience and network performance. The partnership will also foster more innovation and collaboration in the blockchain space, especially in trade finance and asset tokenization. Ryan Fang, co-founder and COO of Ankr, said: “We are delighted to team up with XDC Network to launch our RPC integration. XDC Network is one of the industry’s most innovative and promising blockchain platforms, with a strong focus on trade finance and asset tokenization. We are confident our RPC service will enhance their network capabilities and support their growth ambitions.”

[flawlessleighthorne]

LeewayHertz, a San Francisco-based blockchain development firm, in collaboration with the XDC Foundation, has recently developed and released multiplatform software development kits (SDKs) for the XDC Network. The newly launched iOS, Java, .Net, Go, and Android SDKs enable developers to build applications that easily incorporate XRC tokens and smart contracts.

Deepak Shokeen, the Chief Technical Officer at LeewayHertz, said, “We understand the value proposition of building on XDC Network. We recommend XDC Network to enterprises looking to build blockchain-based technology solutions. With the release of these SDKs, we also prove our expertise and continued commitment to building powerful dApps and developing blockchain ecosystems. The SDKs launch will allow global blockchain developers to perform critical computations on the XDC Network conveniently, through innovative, user-friendly tools.”

The SDKs developed by LeewayHertz allow developers to add XRC tokens to their new or existing applications. They further enable the XDC Foundation to open up its decentralized finance and blockchain ecosystem to brand new marketplaces.

Read more at: https://www.leewayhertz.com/leewayhertz-releases-software-development-kits-for-the-xdc-network/

[betsylinhares]

Let’s understand how to build a smart contract on the XDC Network to understand creating and deploying decentralized apps (dApps) on the top of this blockchain. Before we go in-depth about creating, testing, and deploying the XDC smart contract, it is essential first to understand the XDC blockchain, its features, and how it works.

[law-blocks-ai]

Smart Contract Based Dispute Resolution - Law Blocks

In the rapidly evolving landscape of legal technology, a new paradigm is emerging that promises to revolutionize the way disputes are resolved. This paradigm is rooted in the power of smart contracts – self-executing, tamper-proof digital agreements that enable automated and transparent processes. Law Blocks, at the forefront of this technological shift, has harnessed the potential of smart contracts to create a transformative approach to dispute resolution. This article delves into the intricate workings of smart contract-based dispute resolution, the role of Law Blocks in this domain, and the benefits it brings to individuals and businesses alike.

Understanding Smart Contract-Based Dispute Resolution

Traditional dispute resolution mechanisms are often time-consuming, expensive, and reliant on intermediaries. Smart contract-based dispute resolution, on the other hand, offers a decentralized, efficient, and cost-effective alternative. At its core, a smart contract is a self-executing digital contract with predefined rules and conditions. Once these conditions are met, the contract automatically executes the agreed-upon actions, eliminating the need for intermediaries and streamlining the process.

The Role of Law Blocks and XDC Blockchain

Law Blocks leverages the power of the XDC blockchain network to facilitate smart contract-based dispute resolution. The XDC network, powered by XinFin, offers a robust and secure foundation for recording and managing legal data. Its decentralized architecture ensures transparency, immutability, and security – critical factors in ensuring a fair and unbiased dispute resolution process. By integrating smart contracts with the XDC network, Law Blocks creates a seamless and efficient ecosystem that enables parties to resolve conflicts swiftly and without the traditional complexities.

Advantages of Smart Contract-Based Dispute Resolution

The advantages of smart contract-based dispute resolution are manifold. First and foremost, it significantly reduces the time and cost associated with traditional methods. The automation of processes reduces human error and ensures that actions are carried out as agreed upon in the contract. This transparency builds trust among parties and eliminates the need for third-party intervention. Additionally, since smart contracts are immutable and tamper-proof, the integrity of the dispute resolution process is upheld.

The Role of Law Blocks Token (LBT)

Law Blocks Token (LBT) plays a pivotal role in the smart contract-based dispute resolution ecosystem. As the native token of the Law Blocks platform, LBT facilitates transactions, ensures security, and offers various benefits to users. Parties involved in dispute resolution can use LBT to avail themselves of cost-saving benefits, making the process even more accessible and affordable. This tokenized approach aligns perfectly with the principles of decentralization and efficiency that smart contracts bring to the table.

Driving Decentralized and Efficient Justice

In a world where technology is advancing at an unprecedented pace, the legal landscape is not far behind. Law Blocks' smart contract-based dispute resolution is a prime example of how innovation can reshape traditional processes. By embracing the power of smart contracts and the XDC blockchain network, Law Blocks is driving the evolution of decentralized and efficient justice. This approach empowers individuals and businesses to seek fair and timely resolution to their disputes, while ushering in a new era of trust, transparency, and accessibility in the legal realm.

[dazzlewhistlepuff]

What XDC Network development services does LeewayHertz provide?

Smart contract development

To serve diverse dApps, we provide smart contract development services for the XDC blockchain network. We offer architecture, auditing, and delivery of optimized smart contracts to our clientele in addition to design and implementation.

dApp development

Our blockchain architects are skilled at developing enterprise-grade decentralized apps (dApps) for clients using the XDC platform, allowing them to reduce time to market by increasing ROI.

Maintenance and support

We provide our clients with timely support and maintenance services to ensure that their dApps are optimized and not subjected to downtime. We offer assistance to clients who have existing decentralized applications as well as those who have their dApps developed by us.

[alexlees-blog]

Everything about the XDC Network - Hybrid Blockchain

As technology evolves, so does blockchain technology. There are different kinds of blockchains. The first generation of blockchains focuses on the financial sector to make it a decentralized monetary system. Proof-ofwork is the foundation for first-generation blockchains. They make it possible to transact anonymously and decentralised using cryptography.

The second generation of blockchains is Ethereum. Smart contracts, which are a layer of terms that adds an additional layer to the blockchains, allow for more flexibility and control. Smart contracts have made it possible to vote, verify identities, eliminate intermediaries, and much more.

Next comes the third generation. The third-generation of blockchains addresses fundamental issues such as speed, interoperability, and scalability. A third-generation of blockchains has the unique ability to interoperate in nature. In the third-generation of blockchains, proof-of-stake is added to the consensus mechanism.

The XDC Network is the third-generation blockchain that is most in demand. Let's take a look at the XDC Network in detail.

What is XDC Network, exactly?

The XDC Network is a hybrid cryptocurrency that operates on the basis of the XDPoS consensus mechanism. The XDC Network enables hybrid relay networks, spontaneous block completion, interoperability, and hybrid relay bridges using the XDPoS. It features a hybrid architecture that is easy to use by developers.

XDC Network's democratic consensus and high transparency provide their users with digitalization, tokenization, quick trade transactions, and tokenization.

XDC Network focuses primarily on international finance. It has developed an extremely secure, permissioned, scalable and commercial-grade architecture. XDC Network uses a hybrid architecture to address the issues in global finance and trade. This helps the financial sector by providing instant and real-time settlement through smart contracts.

The XDC01 protocol powers XDC Network. The XDC protocol has been created to support both smart contracts and AML/KYC.

For further information about XDC Network Development Services visit us https://www.leewayhertz.com/all-about-the-xdc-network/

[thriveyourbusinessnow-blog]

How to Build dApp on the XDC Blockchain?

How to Build dApp on the XDC Blockchain?

Talk to our Consultant

Constant innovation in blockchain technology has made it a more mainstream technology. While there are numerous blockchains, every blockchain protocol has specific features that make it unique. Amid this boom in the blockchain world, the demand for hybrid blockchain keeps increasing.

Major industries, including finance & trading, cannot solely rely on a completely private or a public blockchain network. These industries do not prefer to share sensitive data on a public blockchain. Meanwhile, not using a public blockchain can block their access to mass audience adoption. So, what’s the solution to this problem? That’s where hybrid blockchain comes into play.

With the combination of public and private blockchains’ attributes, hybrid blockchain networks are considered a breakthrough technology for the reinvention of global trade and finance. The network is highly efficient and interoperable, supporting the development of scalable dApp and blockchain-powered solutions.

Other prevalent blockchains like Ethereum are too expanding with the release of new versions and enhanced features from time to time. However, even advanced blockchain is stretched to some limits, such as network congestion and high transaction cost.

To address these limitations, XDC Network uses XDC delegated Proof of stake (XDPoS) powered blockchain protocol, promoting decentralization across diverse industries. With interoperable smart contracts, low network congestion, and high-speed transactions, XDC Network fuels the dApp development. Taking note of this, let’s discuss the development of dApp on XDC blockchain.

What is XDC hybrid blockchain?

XDC blockchain is a solution to the blockchain scalability and efficiency issue of the first EVM-compatible blockchain, Ethereum. This enterprise-ready blockchain is powered by delegated Proof of Stake (XDPoS), designed to help enterprises build scalable, low-cost blockchain-powered decentralized applications or other innovative solutions.

Due to its attributes, such as zero network congestion, instant block finality, and low energy consumption, XDC Network has become widely popular among the global developer community. Brands and enterprises leverage the XDC ecosystem to discover innovative blockchain use cases and customized decentralized applications.

Let’s examine how XDC Network differs from its corresponding blockchains:

Average transaction fees on XDC Network are low compared to other blockchains.

The network offers high transaction per second (TPS).

It consumes low energy and computation resources.

It enables solving interoperability issues with interoperable smart contracts.

The hybrid architecture of XDC Network combines the attributes of both public and private chains.

What are decentralized apps (dApps)?

dApps are like the conventional web app but built on a decentralized network (blockchain).

For front-end development, dApp requires programming languages such as Javascript and NodeJs.

The backend of dApps is regulated by smart contracts.

The computation energy consumed for dApp development is paid using the native currency of the blockchain protocol on which the dApp is developed.

For a detailed examination of decentralized apps, follow this insight.

Why should you choose XDC Network for dApp development?

Ethereum has had sovereignty over blockchains in terms of dApp development for the past few years. With most developers showing interest in building their dApp project on this protocol, it creates challenges such as network congestion increased block finality time. To provide a solution, XDC Network offers the following benefits:

Transaction per second (TPS): XDC Network mainnet can process up to 2000 TPS, significantly faster than Ethereum.

Consensus: XDC blockchain uses XDC Delegated Proof of Stake (XDPoS) consensus to make the network faster and eliminate high energy consumption.

Gas fees: XDC Network costs low gas fees, which can be 1/1000 of the Ethereum dApps.

Speed: Block creation time is often less than 2 seconds, representing the network’s high speed.

Furthermore, the whole XDC Network ecosystem is rapidly evolving, making it an ideal platform for scalable DApp development. Learn more about XDC Network and its features in this detailed insight.

Benefits of XDC dApps

XDC dApps are regulated by smart contracts deployed on the XDC blockchain. The XDC ecosystem is compatible with diverse projects, including gaming, commerce, NFTs, and more. Following are the benefits enterprises can leverage from dApp development on XDC Network.

Permissionless

Once the dApp code is deployed to the XDC ecosystem, no changes can be made, and anyone can use its features. Users don’t even require permission from the team behind dApp. Once on the XDC blockchain, it lives there.

Anonymous login

With most dApps, you don’t need to share your real-world identity. Your XDC account is your login, and you need a wallet.

No censorship

With no centralized body controlling the XDC Network, users cannot encounter censorship issues or be blocked from using the dApp. If Twitter is built on the XDC ecosystem, no authority could block users or stop them from tweeting.

Built-in payments

XDC network enables built-in payment with its native token, XDC. Developers don’t require to spend huge time integrating with any third-party payment solutions.

Plug and play

Dapp code on the XDC blockchain is open and compatible by default. Developers can build their specific dApp using any API of their choice. For instance, if you want to add a swap feature in your dApp, directly integrate a swap-compatible API in the dApp instead of writing code from scratch.

No downtime

XDC Network is highly reliable as it offers zero downtime. It helps brands and enterprises build decentralized solutions that never go down.

How to build dApp on the XDC Network?

The first step of dApp development is to architecture the microservices for the dApp. Depending on the proposed architecture, choose a blockchain protocol for dApp development.

Now, let’s discuss the first step that you need to follow after you complete the dApp architecture:

Protocol selection

Choose a protocol to build your dApp on it. You can choose a public network, private network, or even a hybrid ecosystem like XDC Network.

Data gathering

Depending on what microservices the dApp intends to facilitate to the users, on-chain and of-chain data from multiple sources, including external sources are gathered on the Blockchain.

Data processing

Now that the data is gathered on the blockchain, the next step is to process the data and utilize them for interface design through which users can interact with the dApp and trust the data. From here, architecture designing for dApp development happens in two directions, one is the frontend, and another is the backend.

Front-end development

Front-end development of a decentralized application focuses on end-users aspects that include improving the user interfaces, optimizing the web pages and the visual aspects, debugging, etc. The front end further allows the dApp to interact with the user. The following is the technology stack you need for dApp development on the XDC ecosystem.

Angular. JS

BootStrap

jQuery

React

Backend development

The backend of any dApp primarily focuses on smart contract development and the following component:

User identity

User identity includes basic decisions such as whether to keep the identity centralized or decentralized, which is an important factor in defining the user interface.

Authorization and roles

The key considerations on authorization and roles include the regulation of user movements, where to save authorization, and ensuring that roles are duly managed.

Notifications

Notifications are mostly off-chain that send alerts about the actions happening both on and off-chain.

Business Logic

Business logic is to determine how to showcase the business logic data to the public, whether it will be available as on-chain or off-chain data.

Storage

For storage, you have basically two options, either to save data to the cloud or allow the blockchain itself to save it. Depending on your dApp, choose a storage option.

Smart Contracts

Smart contracts regulate the whole blockchain, define its functionings, and the method of how the external data sources or APIs interact with the on-chain data via oracles, when a call is to be made, etc.

dApp development further requires APIs and third-party integration that help front-end programs communicate with the backend or smart contracts.

Once the architecture is ready, deploy it on the AWS (amazon web services) server.

Connect the dApp to the smart contract, wallet, and the XDC ecosystem for decentralization.

How to create the smart contract for dApp development?

Now that we have understood the architecture of the dApp. Let’s discuss the technicality of creating the smart contract that regulates the dApp.

1. Setting up the dApp Environment

For dApp development on the XDC Network, we first need to create a dApp environment that supports both the front-end and backend aspects. Following are the prerequisites required to set up the dApp environment.

The network for testing the smart contract

Deploying a smart contract on the mainnet consumes energy resources like CPU, storage, memory, etc. Therefore, developers should use test networks to tune and test their smart contracts and ensure that they are fit to deploy.

Wallet client

Wallet-cli is the command-line wallet for XDC Network that developers use to post and deploy the smart contract and execute other operations on the main network.

2. Smart Contract Development

After you set up the dApp environment, proceed to smart contract development that regulates the functions of the dApp. Hence, Let’s discuss the process of compiling, debugging, and deploying the contract.

Initiate the private chain

The private chain in the prerequisite must be successfully deployed to determine if a log message appears saying ”Produce block successfully”.

Develop smart contracts

Write the contract code, compile and debug the code using Remix. Make sure that the log is accurate and the code is bug-free.

Compile using SimpleWebCompiler

The XDC Compiler still integrates with Remix. Thus, adopt the temporary means of acquiring ABI and ByteCode rather than acquiring them straight from the Remix. For this, copy the smart contract code, paste it into the SimpleWebCompiler, and then click the compile button.

Deploy the compiled smart contract via

Download the Wallet-Cli to compile it:

Initiate Wallet-Cli

#Command to initiate the wallet-CLI

Input the command to the portal after initiation. You can also import the private key to inquire about the remaining balance.

3. Contract deployment

A message with “deploy the contract successfully” will appear upon the successful smart contract deployment, and that’s done.

4. Access the dApp via XDCPay

After deployment, your dApp becomes ready to benefit the end-users. To access any XDC dApps, users must connect the respective platform with a wallet. XDCPay is a wallet offered that XDC Foundation offers for users.

Once connected, users can access the dApp, navigate its features, execute transactions, and leverage many other benefits. In this regard, let’s discuss how to install and use XDC Pay.

How to use XDCPay?

1. Install XDC Pay

To use XDC Pay, you need to install this in your browser. Visit the Chrome extension web store and download the XDCPay extension. Click on ”add to chrome,” and immediately, the icon of XDC pay will reflect on the right corner of your browser’s navigation bar.

”Image”‘

When you click on the icon, you are redirected to the landing page of XDCPay, from where you need to login into the XDCPay. Before logging in, you should accept certain terms of use, phishing warning, and privacy notice.

”’Image”‘

Insert the seed phrase in the indicated order and confirm it. Note that these seed phrases are the only means to restore your XDCPay account. Therefore keep it secure at some other place.

”Image”‘

2. Fund the XDCPay

On the XDC Network, you will need to get test XDC for the test purpose of the network. Real XDC costs money, but test XDC is free. Therefore, change your network from ”Main Network” to ”Apothem Test Network’Network’ and get your test token from the faucet. The balance of test XDC will now reflect in your XDCPay wallet.

”Image”‘

Use these test tokens for testing any dApp contract, token transfer, and other test purposes. However, actual deployment will take place only on the main XDC network.

Conclusion

With more people identifying the potential of decentralized technology, the variations in dApps continue to surge. XDC Network has been making dApp development feasible on its ecosystem by offering different SDKs and ecosystem tools like XDC Origin (smart contract tokenization app), XDCPay (XDC Wallet), Network stats (network explorer), and XDC Explorer (block explorer).

The timely launch of tools and constant updates in their features keep the momentum of XDC Network up as a hybrid, EVM-compatible blockchain. XDC blockchain further welcomes developers worldwide to leverage its open-source ecosystem to build creative dApps and contribute to the growth.

However, it is also noteworthy that developing XDC dApps and maintaining them can be challenging, and it requires a keen effort, expert supervision, and careful execution for seamless proceedings. Therefore, it is always helpful to partner with an XDC development team to help you develop and maintain your XDC dApp without complexities.

If you are looking for dApp development services for XDC Blockchain, we can help you. We have a team of experienced blockchain developers who can create and deploy smart contracts on various blockchain platforms, including XDC, Ethereum, Tezoz, and more.

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Akash Takyar is the founder and CEO at LeewayHertz. The experience of building over 100+ platforms for startups and enterprises allows Akash to rapidly architect and design solutions that are scalable and beautiful. Akash's ability to build enterprise-grade technology solutions has attracted over 30 Fortune 500 companies, including Siemens, 3M, P&G and Hershey’s. Akash is an early adopter of new technology, a passionate technology enthusiast, and an investor in AI and IoT startups.

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HumCen Global & Plugin Collaborates To Integrate the Blockchain & IP Sector

In today’s highly digitized economy, innovators keep coming up with new ideas and concepts that have the potential to transform how existing industries operate. This creates a) an opportunity to create non-conventional intellectual property (IP) assets, and b) challenges linked to the ownership of Intellectual Property (IP) rights.

Regarding opportunities, new innovators have a chance to develop strategic IP assets that they can market to industry players. On the other hand, the rapidly evolving and digitized tech space introduces the headache of industries being built upon Intellectual Property (IP) assets, to which they may not own exclusive rights. As well, the fast-changing tech space introduces the risk of many conventional business models becoming outdated and diminished. That’s despite the firms building huge value into their intellectual property assets.

While IP-related opportunities and challenges abound, individuals and organizations need to convert their ideas or IP assets into IP portfolios, securing their innovations and possibly earning from their creations.

Though the process of translating patent-protected goods into IP portfolios to unlock key benefits can be challenging, there’s some great news: “HumCen Global is partnering with XDC-based Plugin to leverage blockchain technology and help innovators convert their IP assets into transformative IP portfolios”.

So, who are HumCen Global and Plugin? And, why does the recent partnership between HumCen Global and Plugin matter, or how does the partnership impact the creation of secure intellectual property assets?

About HumCen Global: HumCen Global is a human-centered IP organization that seeks out fresh ideas and concepts and turns them into IP assets. Driven by a mission to evangelize the futuristic initiative of nurturing the culture of patenting, HumCem Global seeks to open up the patent space for different players to innovate, protect, and market IP assets.

Through a Human-Centered Innovation method, Co-Creation, and strategic patent consultancy, HumCen Global will assist individuals, businesses, and institutions to create strategic IP portfolios, making them more competitive in their respective businesses. Thanks to the human-centered IP organization, innovators will get strategic patent consultancy and mentoring to help them create and develop strategic and intangible assets.

Other services offered by HumCen Global include patent search, patent filing, patent portfolio, patent drafting, patent licensing, and patent strategy.

About Plugin:

Plugin (PLI) is a secure & scalable decentralized oracle platform that provides cost-effective answers for any smart contract that makes use of the XDC Network Ecosystem. The decentralized platform enables smart contracts to connect, in real-time, with data feed providers. While at it, the platform guarantees a high degree of security for the data, and with off-chain computation, the platform manages feeds from multiple providers and aggregates.

Plugin And HumCen Global’s Partnership: Why Does It Matter

In yet another milestone, Plugin and HumCen Global signed an MOU to support the development of a blockchain-powered Tech platform for HumCen Global. Leveraging HumeCen’s expertise in the intellectual property space and Plugin’s outstanding blockchain protocol, the partnership will help develop a system that enables innovators to translate their patent-protected assets and lock the data into a blockchain. And thanks to Plugin’s decentralized oracle platform, IP data can be easily verified and transferred into the blockchain. As well, blockchain’s immutability will make it impossible for any entity to manipulate, replace or falsify data that relates to an IP portfolio.

Let’s elaborate further on why the Plugin-HumCen partnership is a game changer.

Today, many oracles exist to bridge the gap between blockchain applications and external data. However, not all are successful. Some oracles face the blockchain oracle problem. That is, problems associated with guaranteeing the correctness, availability, and accountability of their data providers, introducing challenges relating to data integrity in the published smart contracts.

More specifically, when oracles depend on centralized data sources when broadcasting data to an external smart contract, there’s a likelihood of manipulation via hacking, depreciation, or bribery.

However, Plugin(PLI) offers a solution that will make it possible for the translation of IP-related information into smart contracts. Plugin (PLI) uses a noncustodial smart contract architecture that leverages data integrity proofs with cryptographic signatures and data validation modules that are secured by multi-layer aggregation. In addition, the Decentralized Oracle Platform built on the XDC Network offers low-cost smart contract solutions. Coupling the benefits of decentralization and low-cost smart contracts, Plugin will enable HumCen Global to process complex business development systems in a cost-effective and resource-efficient manner. Furthermore, it will provide the world’s first IP company with the ability to seamlessly integrate data from on- and off-chain ecosystems, among other capabilities.

Given that Plugin (PLI) protocols cover solutions in asset price tracking, sports statistics, shipping statistics, and meteorological data tracking, HumCen will easily tap into the platform’s expertise when working with clientele in the said industries. And together, HumCen Global and Plugin will be able to provide a new and robust way of handling complex business development issues.

To add, HumCen Global will begin accepting Blockchain-based digital currency soon, easing transactions globally.

Contact: Vinod Khurana @ Suvik Technologies FZE Sharjah Research, Technology and Innovation Park. Al Sharjah, United Arab Emirates https://goplugin.co/

Media Contact: Organization: Synergy Global Enterprise LLC Name: Gopi Divecha Address: 111 North Bridge Road #21–01, Singapore 179098 Website: https://airdropbounty.events/ | https://pixelproduction.com/ Email: hello@airdropbounty.events | gopi@pixelprodction.com WhatsApp: https://wa.me/+6586940671