What is an XDC coin used for?

The XDC coin, the native currency of the XDC Network, holds a pivotal role in the functioning of this decentralized ecosystem. At its core, the XDC serves as the lifeblood, fueling various operations within the network.

Transactions conducted on the XDC Network rely heavily on the XDC coin. It acts as the medium of exchange, facilitating seamless and efficient transfers of value between participants. By paying transaction fees in XDC, users contribute to the maintenance and security of the network.

Beyond mere transactional capabilities, the XDC coin also plays a crucial role in enabling smart contract operations. Smart contracts, which automate the execution of agreements and transactions, require XDC as a means to initiate and fulfill their predetermined functions.

The XDC Network recognizes the importance of maintaining a robust and secure environment. To incentivize network validators who contribute to this security, the XDC coin serves as a reward mechanism. Validators, who are responsible for verifying and adding blocks to the blockchain, are rewarded with XDC for their efforts.

Introducing BTCC, a leading cryptocurrency exchange platform, which offers a comprehensive suite of services tailored to meet the diverse needs of crypto enthusiasts. Among its offerings, BTCC boasts a robust spot trading platform, enabling users to buy and sell XDC and other digital assets with ease.