Assessing the XDC Network: A Comprehensive Evaluation of its qualitative and technical aspects

• URL: http://arxiv.org/abs/2408.02115v1
• Date: Sun, 4 Aug 2024 19:05:28 GMT
• Title: Assessing the XDC Network: A Comprehensive Evaluation of its qualitative and technical aspects
• Authors: Atul Khekade, Omkar Mestry, Van Khanh Nguyen,
• Abstract summary: The study evaluates the network's decentralization, scalability, and security features. It examines the developer ecosystem, including GitHub metrics. The findings of this research will provide valuable insights into the strengths and weaknesses of the XDC Network.
• Score: 0.0
• License: http://arxiv.org/licenses/nonexclusive-distrib/1.0/
• Abstract: This research provides a thorough assessment of the XDC Network, a delegated proof of stake (XDPoS) consensus-based blockchain technology, across its technical, security, and business dimensions. The study evaluates the network's decentralization, scalability, and security features, including its Nakamoto coefficient, validator participation, and client distribution. Additionally, it examines the developer ecosystem, including GitHub metrics, and business aspects such as transaction costs and predictability. The findings of this research will provide valuable insights into the strengths and weaknesses of the XDC Network, informing stakeholders and decision-makers about its suitability for various use cases, particularly in trade finance, asset tokenization, and enterprise blockchain solutions.

Related papers

• Balancing Confidentiality and Transparency for Blockchain-based Process-Aware Information Systems [46.404531555921906]
  We propose an architecture for blockchain-based PAISs aimed at preserving both confidentiality and transparency. Smart contracts enact, enforce and store public interactions, while attribute-based encryption techniques are adopted to specify access grants to confidential information.
  arXiv  Detail & Related papers  (2024-12-07T20:18:36Z)
• XDC Staking and Tokenomics -- Improvement Proposal: Enhancing Sustainability and Decentralization on the Eve of XDC 2.0 [0.0]
  This research proposes a comprehensive improvement plan for the network's staking and tokenomics mechanisms. By addressing the intricacies of staking and tokenomics, this research paves the way for XDC to solidify its position as a leading decentralized network.
  arXiv  Detail & Related papers  (2024-09-11T17:07:54Z)
• SPOQchain: Platform for Secure, Scalable, and Privacy-Preserving Supply Chain Tracing and Counterfeit Protection [46.68279506084277]
  This work proposes SPOQchain, a novel blockchain-based platform that provides comprehensive traceability and originality verification. It provides an analysis of privacy and security aspects, demonstrating the need and qualification of SPOQchain for the future of supply chain tracing.
  arXiv  Detail & Related papers  (2024-08-30T07:15:43Z)
• XDC Network Assessment: Decentralization, Scalability and Security [0.0]
  XinFin, in 2019, unveiled the XDC network, an enterprise-ready hybrid blockchain platform that is open-source and specializes in tokenization for real-world decentralized finance. Overseeing the XDC network is the XDC Foundation, a non-profit organization established to encourage the growth, enhancement, and adoption of the XDC Network.
  arXiv  Detail & Related papers  (2024-08-05T09:01:43Z)
• Secure Cross-Chain Provenance for Digital Forensics Collaboration [0.0]
  ForensiCross is a cross-chain solution specifically designed for digital forensics and provenance. It includes BridgeChain and features a unique communication protocol for cross-chain and multi-chain solutions. ForensiCross aims to simplify collaborative investigations by ensuring data integrity and traceability.
  arXiv  Detail & Related papers  (2024-06-17T16:47:27Z)
• Performance Analysis of Decentralized Physical Infrastructure Networks and Centralized Clouds [42.37170902465878]
  Decentralized Physical Infrastructure Networks (DePINs) aim to enhance data sovereignty and confidentiality and increase resilience against a single point of failure. This work focuses on the potential of DePINs to disrupt traditional centralized architectures by taking advantage of the Internet of Things (IoT) devices and crypto-economic design in combination with blockchains.
  arXiv  Detail & Related papers  (2024-04-12T08:00:38Z)
• Enhancing Trust and Privacy in Distributed Networks: A Comprehensive Survey on Blockchain-based Federated Learning [51.13534069758711]
  Decentralized approaches like blockchain offer a compelling solution by implementing a consensus mechanism among multiple entities. Federated Learning (FL) enables participants to collaboratively train models while safeguarding data privacy. This paper investigates the synergy between blockchain's security features and FL's privacy-preserving model training capabilities.
  arXiv  Detail & Related papers  (2024-03-28T07:08:26Z)
• Enhancing Security in Blockchain Networks: Anomalies, Frauds, and Advanced Detection Techniques [1.880279363603234]
  Despite its advantages, blockchain networks are susceptible to anomalies and frauds, posing significant risks to their integrity and security. This paper offers a detailed examination of blockchain's key definitions and properties, alongside a thorough analysis of the various anomalies and frauds that undermine these networks. It describes an array of detection and prevention strategies, encompassing statistical and machine learning methods, game-theoretic solutions, digital forensics, reputation-based systems, and comprehensive risk assessment techniques.
  arXiv  Detail & Related papers  (2024-02-17T09:27:30Z)
• Combining Decentralized IDentifiers with Proof of Membership to Enable Trust in IoT Networks [44.99833362998488]
  The paper proposes and discusses an alternative (mutual) authentication process for IoT nodes under the same administration domain. The main idea is to combine the Decentralized IDentifier (DID)-based verification of private key ownership with the verification of a proof that the DID belongs to an evolving trusted set.
  arXiv  Detail & Related papers  (2023-10-12T09:33:50Z)
• Network Participation and Accessibility of Proof-of-Stake (PoS) Blockchains: A Cross-platform Comparative Analysis [0.0]
  The comparative analysis examined eleven Proof-of-Stake (PoS) consensus-based blockchain networks to assess their openness. Networks with higher openness included Solana and Avalanche, while BNB Chain, Klaytn, and Polygon measured with lower levels of openness.
  arXiv  Detail & Related papers  (2023-05-22T17:31:27Z)
• An Information-Theoretic Analysis of The Cost of Decentralization for Learning and Inference Under Privacy Constraints [44.320945743871285]
  In vertical federated learning, the features of a data sample are distributed across multiple agents. A fundamental theoretical question is how to quantify the cost, or performance loss, of decentralization for learning and/or inference.
  arXiv  Detail & Related papers  (2021-10-11T05:55:30Z)

This list is automatically generated from the titles and abstracts of the papers in this site.

This site does not guarantee the quality of this site (including all information) and is not responsible for any consequences.