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- XDC Network has stolen the limelight to develop technology and blockchain experience
- Several smart contract developers were upset with the latest Solana network crash
- Crypto community members also expressed their plight as crypto transactions took a beating
The crypto world keeps on fostering its innovation to give the best blockchain experience to every one of its clients in the space. Be that as it may, now and then because of unavoidable conditions, issues happen surprisingly.
This time, Solana (SOL) encountered an organization crash for the 6th time. Accordingly, the crypto local area can’t quit reasoning on the off chance that SOL will have a similar confidence as EOS.
This Solna Network Crash made creator and crypto devotee Mark Jeffrey respond in a tweet post. In the meantime, these new crashes experienced by the SOL network upset many Smart Contract Developers just as the crypto local area.
XDC Network gains momentum
Thus, the crypto local area is presently looking at other elective stages (Ethereum executioners) that could furnish them with the assumption they need in their regular crypto exchanges. These incorporate BSC, XDC, Fantom, Avalanche, and Terra, to give some examples.
These new blockchain network issues experienced by the SOL network upset a portion of the crypto local area individuals. Therefore, financial backers have begun to consider other Blockchain networks that could live up to the assumptions with regards to regular crypto exchanges.
XDC Network (XDC) chain is one of the crypto stages to grab the eye of worldwide financial backers at the hour of composing this article, with just XDC in Green while rest of the Crypto stays in RED (Source: Top100 coins at coinmarketcap.com ). This shows that savvy contract engineers as well as begun looking towards XDC Network.
The XDC convention is intended to help brilliant agreements in as consistent a way as could be expected. More than 3,800 savvy contracts have been made on the XDC Network. Here is the development chart after some time as alluded to in the new article of XDC Foundation.
Solana issues
Moreover, the XDC Chain (XinFin Digital Contract) utilizes XinFin Delegated Proof of Stake (XDPoS) to make an exceptionally adaptable, secure, business grade blockchain network. Without a doubt, XDC empowers different genuine use cases like settlement (WadzPay), exchange finance (TradeTeq), ISO20022 informing standard (IMPEL), decentralized Storage (Storx), Data ORACLE (Pugin).
Decentralized email (LedgerMail), R3 Corda’s just Public blockchain Bridge (LAB577) DEX (xSWAP and globiance), Stable coin (usnota, SGDG, EURG, HKDG, GBPG, USDG and so on), NFT MarketPlace (XDSea) and a lot more use cases embraced XDC Blockchain Network.
Then again, this framework crash experienced by SOL isn’t the first in space. Indeed, this sort of situation isn’t new in the crypto local area. Notwithstanding, today, the crypto space is seeing the ascent of crypto undertakings, for example, XDC that offer a consistent blockchain network. Consequently, it is dependent upon the clients to pick the crypto network that suits their crypto needs.
Also read: Solana updates to version 1.8.14 following three days of degraded performance
The Solana network blackout over the course of the end of the week occurred at one of the most obviously terrible occasions in the crypto market.
Costs plunged in gigantic red, liquidation was in sight, and clients were searching for ways of garnishing up their equilibrium to stay away from constrained liquidation.
Sadly, Solana network clients who took advances with collateralized resources like SOL from loaning stages like Solend couldn’t save their resources during the market emergency as the blockchain battled with blockage. A monstrous liquidation no matter how you look at it occurred straightaway, and clients were left counting their misfortunes.
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