XRP, Stellar and XinFin see tremendous growth as enterprise solutions that offer cross-border solutions and serve the unbanked gain traction.
— Stellar (@StellarOrg) March 1, 2021
According to the announcement, Horizon 2.0 created a new way to run the Stellar network infrastructure that “enables large organizations and small developers alike to deploy Horizon with fewer resources, under looser constraints, and with far more flexibility than ever before.”
The team also announced partnerships with
After an initial pullback in XLM price due to the SDF nodes being taken offline, the reaffirmation in the security and decentralization of the Stellar network led to a quick recovery and breakout to $0.656, its highest level since January 2018.
A lesser-known enterprise-ready solution that has burst onto the scene in 2021 is XinFin Network (XDC), a hybrid Blockchain technology company optimized for international trade and finance that “combines the power of public & private blockchains with Interoperable smart contracts.”
The XDC protocol utilizes the XinFin Delegated Proof of Stake (XDPoS) consensus mechanism which is designed to create a ‘highly scalable, secure, permissioned, and commercial grade’ blockchain network.
2021 got off to a slow start for XDC due to a hack of the AlphaEX exchange in December 2020 that saw 300 million Ethereum-based XDC (XDCE) stolen and sold on the open market.
A series of steps were taken to mitigate the effects of this hack, which included the burning of 500 million XDCE and the decision to eventually phase out the XDCE contract and focus solely on the XDC token.
Following the community resolution of the hack, XDC price has exploded to a new all-time high of $0.076 on April 10 thanks to protocol upgrades like the ability to send tokens while offline and a XinFin to Corda bridge that enables XDC to move freely between the Corda Network and XinFin.
XDC also benefited from being listed on multiple exchanges including Liquid Global and Probit, as well as the launch of a regulated index for XinFin digital assets by the regulated index provider Vinter.
@vinterco launches regulated index for @XinFin_Official digital asset – $XDC – to enable asset managers to deliver regulated ETFs @atulkhekade @riteshkakkad https://t.co/LeeQGAvBE1 #EBR #IOSCO #european #regulation
— André Casterman (@AndreCasterman) March 17, 2021
As blockchain technology continues its integration into multiple sectors and businesses explore what DLT has to offer, enterprise-focused solutions like XRP, XLM and XDC are well-positioned to see further growth due to the fact that they offer simple solutions that allow people to create and transact cryptocurrencies with minimal effort.
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