New chain integration: XDC Network

New chain integration: XDC Network

What's up dear HYVERs, it's been a while since the last update. Worry not, we have been tirelessly working on delivering the main features of the First Era, where we'll change the main aspects of the freelancing game. We're helping you work smarter, not harder, and allowing you to easily monetize your talents outside of professional service provision.

If you haven't joined the web3 freelancing revolution yet, you're missing out on the huge potential of a booming market. Leverage your skills and start earning crypto now!

Alas, we did not forget about the further expansion of our cross-chain infrastructure. We're excited to introduce our 14th supported blockchain - XDC Network, which fits all the requirements for a web3 freelancing platform, through cost-efficiency, scalability and speed.

Read more below!

Discover XDC Network

XDC Network, an enterprise-grade Layer 1 blockchain, is designed for efficiency, scalability, and security. Powered by the XinFin Delegated Proof of Stake (XDPoS) consensus mechanism, it offers high transaction speeds of over 2000 TPS, low transaction costs (<$0.0001 per transaction), and minimal energy consumption, making it one of the most environmentally friendly blockchain.

Its EVM compatibility allows for easy deployment of smart contracts and cross-chain interoperability, facilitating diverse decentralized applications (dApps) and enhancing operational efficiency across various sectors.

The XDC Network is particularly impactful in trade finance, aiming to transform the sector by enabling the tokenization of real-world assets and financial instruments. This promotes decentralization and improves liquidity within the industry. The network's architecture integrates seamlessly with existing financial systems, offering transparent and secure solutions that reduce operational costs for businesses.

The XDC Network supports a comprehensive suite of tools for developers, including API documentation, smart contract deployment guides, and interoperability solutions via bridges like Corda and Wanchain. It is ISO 20022 compliant, ensuring compatibility with core banking, ERP, and SWIFT systems, thus facilitating higher interoperability with legacy systems.

Why we believe XDC is the right partner for HYVE

The network boasts a growing ecosystem of dApps, fostering innovation and adoption in various sectors. Additionally, it supports a robust community of developers and users, offering resources like the XDC Explorer, network status tools, and development forums to encourage collaboration and growth.

Security on the XDC Network is bolstered through features like double validation, randomization processes, and staking, ensuring a secure and resilient blockchain environment.

The XDC Network's enterprise-focused features, combined with its commitment to efficiency, scalability, and sustainability, make it an ideal choice for integrating tokens on platforms like HYVE. Its advanced blockchain infrastructure supports diverse applications, providing a secure and efficient foundation for tokenization and other blockchain-based solutions.

This makes XDC Network the ideal candidate for deploying our freelancing ecosystem, attracting more users from their community and further diversifying our payment options.

XDC for Developers

If you're a developer looking to build on the XDC Network, there are extensive resources that can help you get started. Here are some examples of what you can do as a dev:

  • set up Master-Nodes on XinFin
  • create a dApp on XinFin
  • deploy Smart Contracts on XinFin
  • set up tokens, stablecoins & loyalty tokens on XinFin

For a more comprehensive overview, check out the link down below for a complete documentation on XDC.

Welcome | Docs

What to expect next from HYVE

We've released a Dev Update, highlighting our progress on the First Era features. Work will not stop until we deliver the promised features, so expect more blogs tracking our achievements and milestones. We're releasing some new features in the coming days as well - can you try to guess it?

First Era: Dev Update v1
Our Updated Roadmap Series marks a significant phase in the platform’s evolution, one where foundational enhancements and innovative features are set to redefine the way. Our First Era is about creating a gamified, engaging, and profoundly collaborative platform that not only meets your needs but also anticipates the challenges of

Follow us on X, to be ahead of the latest announcements.

In addition, we're always on the lookout for partnerships, delivering more value to our supporters and discovering new communities that can benefit from HYVE. Who would you like to see as our next partner?