What is XDC?
XDC is the first regulatory and environmentally friendly, finance grade, enterprise-ready digital currency. Governed by the Cordite Society Limited, a co-operative society registered in the UK, providing the leading onshore decentralized finance (DeFi) legal structure. The XDC white paper can be found on the Cordite Society Limited website.
XDC has been released onto the public Corda Network, a publicly-available internet of Corda nodes operated by network participants. Any legal entity operating a Cordite node on the public Corda Network is a member of the co-operative.
What is Cordite?
Cordite is an open source project creating open source DeFi features for Corda. Cordite continues to make leading-edge features available to the Corda community.
Cordite provides decentralised economic and governance services including:
- decentralised stores and transfers of value allowing new financial instruments to be created inside the existing regulatory framework. eg. tokens, crypto-coins, digital cash, virtual currency, distributed fees, micro-billing
- decentralised forms of governance allowing new digital autonomous organisations to be created using existing legal entities eg. digital mutual societies or digital joint stock companies
- decentralised consensus in order to remove the need for a central operator, owner or authority. Allowing Cordite to be more resilient, cheaper, agile and private than incumbent market infrastructure
How do I start using XDC?
The easiest way to get access to XDC is to use Chainstack to launch a Cordite node on the public Corda Network.
