XinFin's XDC Now Bridges R3's Corda And Public Blockchains: Details

Advertisement AD Advertisement AD ...

• Home
• News
• Ethereum News

XinFin's XDC Now Bridges R3's Corda and Public Blockchains: Details Advertisement Vladislav Sopov XinFin's XDC token to bridge enterprise blockchain system Corda by R3 and publicly avaliable blockchains

• XinFin's XDC becomes settlement coin for Corda
• More assets to join interoperable system

News Tue, 30/03/2021 - 15:10 Read U.TODAY on Google News Advertisement

Corda, an enterprise blockchain by cryptocurrency veteran R3, has established a decentralized bridge to public blockchains. For this purpose, it will use XinFin's XDC, an Ethereum fork.

XinFin's XDC becomes settlement coin for Corda

According to a press release shared with U.Today, Corda blockchain now has a reliable interoperability bridge to private blockchains. XDC coin, a core native utility asset of eXchange inFinite (XinFin), can now be used inside Corda as a settlement asset.

At the same time, XDC is a fork of Ethereum (ETH) blockchain. Thus, this release is a huge milestone in terms of interoperability for the Corda platform.

HOT Stories Bitcoin (BTC) 'Santa Rally' Might Be Dangerous, XRP Critical But Stable, Dogecoin (DOGE) Volume Hints at Bearish Drop There's Silver Lining for XRP Bulls Following 6% Plunge Bitcoin Price Might Hit $1 Million Next Year If This Happens, According to Bitwise Exec Shiba Inu (SHIB) on Verge of Death Cross: Possible Scenarios

This instrument is implemented by a team of former Royal Bank of Scotland officers, LAB577. Its director, Richard Crook, stresses that the Corda-XinFin bridge is of paramount importance for cross-blockchain interactions:

Advertisement

What you should see here is the age-old challenge of interoperability being solved.

Earlier, R3's Corda blockchain experimented with its own asset, Corda Coin, as well as with XRP token.

More assets to join interoperable system

The release of an XDC-powered bridge between R3's Corda and private blockchains may be only the beginning of the progress of its cross-asset interoperability. Mr. Crooks teases more ERC-20 (Ethereum-like) assets to be added into Corda's mechanisms.

XinFin co-founder Atul Khekade decided to frontrun regulatory concerns about the possible interaction between public and private blockchains. He stressed that, unlike other blockchains, all validators of his blockchain undergo KYC checks:

The validators have to lock 10 million XDC tokens to be a validator and must attach their own KYC to the node.

Nevertheless, XinFin remains a decentralized platform as no one controls its block confirmations with a centralized entity.

#Ethereum News About the author Vladislav Sopov

Blockchain Analyst & Writer with scientific background. 6+ years in IT-analytics, 3+ years in blockchain.

Worked in independent analysis as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)

A A A

Related articles

News Dec 27, 2024 - 8:28 Shiba Inu (SHIB) Bottomed Out? 50% Reversal Flashes on Horizon News Arman Shirinyan News Dec 27, 2024 - 7:59 2025 Might Be Year of Corporate Bitcoin Adoption, According to Bitwise CEO News Alex Dovbnya Advertisement TopCryptoNewsinYourMailbox Subscribe TopCryptoNewsinYourMailbox Subscribe Advertisement Advertisement Subscribe

Recommended articles

Opinions Dec 22, 2024 - 18:30 Shiba Inu (SHIB) Price Prediction 2025 Dan Burgin Opinions Dec 8, 2024 - 18:00 Cardano (ADA) Price Prediction 2025 Dan Burgin News Dec 5, 2024 - 3:26 Bitcoin Hits $100,000 for the First Time in History Alex Dovbnya Opinions Dec 1, 2024 - 19:00 XRP Price Prediction 2025 Dan Burgin Opinions Nov 24, 2024 - 18:00 Bitcoin Price Prediction 2025 Dan Burgin Price Index Bitcoin Ethereum XRP Cardano Dogecoin Shiba Inu Tron Polygon Litecoin Solana Show all

Latest Press Releases

ZND Expands Ecosystem with Special Pool Rewards, New Tradable Assets, and Holiday Campaigns BloFin Unveils Top-Tier Performance Upgrades for Seamless and Trusted Trading Conversational AI & Customer Experience Summit 2025 Asia Submit Press Release Our social media There's a lot to see there, too

Popular articles

Shiba Inu (SHIB) Bottomed Out? 50% Reversal Flashes on Horizon 2025 Might Be Year of Corporate Bitcoin Adoption, According to Bitwise CEO Bitcoin's Largest Options Expiry to Take Place Tomorrow Show all

Sign up for crypto digest

Subscribe By pressing the “Subscribe button” you agree with our Privacy Policy Advertisement AD

Successful!

Thank you. We'll contact you shortly. Ok