In this blog, we go over how to add XinFin to the MetaMask wallet. First, we talk a bit about what XDC crypto is and what it can do, etc. If you do not want to read about that and directly want to see how to add XinFin to MetaMask. You can go down this page and start reading from “Getting XinFin on MetaMask”.
What is XinFin
The XDC network built by the XinFin team stands for, exchange infinite. Because that’s what the blockchain is meant to do. The network runs as a layer 1 blockchain. This means that just like Ethereum and Bitcoin, XinFin has its own token and security layer. So XinFin runs essentially as its complete own system. Because of this XinFin coin can tackle the scaling issues that occur on other blockchains. But also add new functionalities.
What makes XDC coin unique from other Ethereum competitors, is that it has a public state blockchain, but also can create private state networks. This way companies do not want to share their private data. Can still use the XinFin crypto. So they can transact privately in their private state and publicly over the public state whenever they want. Because of this dual-state system, data can transact securely and transparently in the same system.
On top of this unique system, the XDC crypto network also has a build-in KYC/AML layer. Making transactions between certain parties registerable and within some legal frameworks, if needed.
Learn more about XinFin on their website.
So as many people know, blockchain with a Proof Of Work algorithm, like Bitcoin. Use a lot of energy. Because XDC thinks they do not need to use this much energy to secure the network, they have chosen to go with the DPOS consensus algorithm. DPOS (Delegated Proof Of Stake) uses far less energy and decides who creates blocks by the size of their stake.To be a validator on the XinFin network validators need to hold at least 10 million XDC tokens. But besides that validators can also receive this from token holders on the network. These token holders have the possibility to stake their tokens to a validator and in this way cast their vote to who should control the network.
XinFin Network stats
To make the network ready for the new world. And most importantly ready for companies to use it as well. The blockchain needed a fast reliable network. Because of that, they made it super fast. With an average block time and confirmation of only 2 seconds. But also the capability to process more than 2000 transactions per second. This with an average transaction fee of $0.00001 USD. So basically nothing. Plus the XDC network, just like Ethereum supports smart contracts. Making it possible to deploy complex applications on top of the network. Giving room for a decentralized application ecosystem. If you want to see more XinFin live stats? You can take a look at the XinFin block explorer.
Because the XDC coin blockchain is its own layer 1 blockchain. It also needs its layer 1 gas fee token. On the XinFin blockchain, this token is the XCD token. So this means that if you want to send a transaction over the network. You will need to pay a transaction fee in XDC tokens. The XDC token stands for ‘XinFin Digital Contracts.Not only do you need the XDC token for transactions but also for the deployment of smart contracts and other on-chain functions. This all gives the XDC token its value. So the XDC token price will likely be connected to the overall usage of the network. As more transactions on the network mean that there is more demand for XDC tokens.
The XinFin price is highly dependent on the amount of usage of the network. Because of this, it is important for the blockchain to increase its number of users. So that the XDC token price will rise. Do note though that we at Yada Wallets do not make XDC price predictions. Or any other crypto price predictions. So only you are responsible for your money and nobody else.If you want to buy XDC the XDC price is of importance to you of course. So to stay up to date with the XDC price you could check websites like CoinGecko and CoinmarketCap. Here you can see the live price of XDC across multiple exchanges like Kucoin, Bittrex, Bitfinex, and more. But as of writing not yet Binance. But we could see the Binance exchange adding XDC in the future as the network grows. Because Binance will most likely add it then. The XDC price swings up and down like any other crypto. To stay ahead of this you could check out the XinFin Reddit, Twitter, Telegram, and other socials. Here you will find the XinFin news and updates. Because the XinFin news from the XinFin team can highly impact the current price of the token. If you want to buy XDC, please do make sure that you understand what you buy.
Wallets that support XinFin
XDC has many exchanges that let you buy XDC on their platform. But these exchanges are not wallets of course. If you are looking for a place to store your XDC tokens outside an exchange, Yada Wallets is the place to look. Because with our XDC wallet filter you will find a perfect XinFin wallet for you. Not only because you can filter for your XinFin wallet here. But also because you can see the reviews of other XDC crypto users. What makes finding a XinFin wallet even better, is that the network runs an EVM (Ethereum Virtual Machine). This makes it so that all wallets that can add manual EVM’s, can also support the XDC crypto network. With wallets like Metamask, MEW, and many more having this option. But also a variety of native XDC wallets like the MyCrypto, XDCPay/XinPay wallet, and hardware wallets like Ledger wallet. So find one that fits your needs should be easy. But just in case you need help finding a good wallet for you. You can always contact us on our socials. Because we are happy to help. So all crypto users can find their perfect wallet. And can join the crypto revolution.Now see below “How to add XinFin to MetaMask“!
Getting XinFin on MetaMask
So to add the XinFin to MetaMask you have to open the MetaMask wallet (In case you don’t have MetaMask yet, please get it on this page).Once you have MetaMask installed, open it up on the full screen. So you will have the same screen as in our example here.
Now go to the top right of the screen where it says “Ethereum Mainnet” and click on the little arrow pointing down next to it. This opens the network’s tap where you can select all different types of EVM blockchains (Ethereum virtual machine) networks. Now here you can click on the Custom RPC to add a new custom EVM blockchain network of your choice. In this case, the XDC coin.
Now Metamask will ask you for the data needed to connect the wallet to the XinFin. Please fill in the list below.
Network Name - XinFin
RPC URL XDC - https://rpc.xinfin.network
XDC Chain ID - 50
Symbol - XDC
XDC Block Explorer URL - https://xinfin.org
When you have done this, you can just click save. And now you have added the XinFin to your MetaMask wallet.If you would like to switch between the EVM blockchains. Simply click on the Network button in the top right of the screen to select another blockchain.Because adding different types of EVM blockchains works the same, you can add any EVM blockchain in the same way. But instead of the list given in this blog, you replace that with another network’s ChainID, symbol, etc.We hope this blog post helped you to integrate a new EVM into your MetaMask crypto wallet. So that you can now use XDC crypto as much as you want.
Find your wallet here
In case you want to see all the other wallets supporting XinFin. You can simply take a look here to filter between all wallets that do!
So we hope this article taught you more about how to add XinFin to MetaMask wallet. But in case you have Questions regarding Bitcoin or Ethereum? Feel free to ask them on our online Facebook or Telegram groups. Because we are happy to help whenever we can!