With cryptocurrencies, every time a transaction takes place, it is broadcast to every computer on the network, and this interconnected system verifies the transactions. Mining inefficiency, causing the environmental costs, threatens the notion of blockchain as a long-term enterprise solution.
Thankfully, efforts are well underway towards environmentally friendly digital assets, and we are seeing rapid innovations in this space. Proof of stake is now forming the foundation of newer protocols such as Cardano (ADA) and XinFin (XDC).
The XDC Network is supported by masternodes that are responsible for block creation. The platform XinFin is a resilient blockchain protocol that integrates seamlessly with older systems and can bypass some of the major problems that centralized platforms face.
With a native coin based on delegated proof of stake,