XDC Network: A force to be reckoned with in the enterprise blockchain space.

Key takeaways:

• XDC Network emerged from a focus on solving real-world problems in trade finance.  
• The network prioritizes a strong community and organic growth.
• XDC offers a robust platform for sustainable Web3 projects.
• The network actively supports its ecosystem through partnerships and mentorship.
• XDCPoS2 promises to enhance security and staking opportunities.
• XDC Network is positioned for growth in key areas like RWA, DeFi, and DePin.

In an interview on the popular show "On the Brink," Ritesh Kakkad, Co-founder of XDC Network, discussed the blockchain platform's journey from a small idea to a global network used by millions.

XDC Network was born out of a desire to leverage blockchain technology to tackle challenges in trade finance, particularly for SMEs. Recognizing the limitations of existing networks, Ritesh Kakkad and his team developed their own Layer 1 network, known for its unique combination of fast transaction speeds, low fees, and robust security features, setting it apart from other blockchain platforms.

The network's initial focus was on building a solid community. XDC Network prioritized organic growth through community support, a successful strategy. Today, XDC boasts over 20 million community members and partnerships with major institutions like SBI and Deutsche Telekom.

Building a Sustainable Future

Ritesh Kakkad emphasized the importance of a strong value proposition and sustainable projects within the Web3 space. He advised entrepreneurs to focus on solving real problems and building long-term solutions, avoiding hype-driven approaches.

XDC's Ecosystem Support

XDC Network actively fosters a thriving ecosystem by partnering with accelerators like Brinc. Through mentorship and knowledge sharing, XDC empowers startups to build successful projects on their platform.  

Looking Ahead

Ritesh Kakkad highlighted his excitement for several areas within the blockchain space, including Real-World Asset (RWA) tokenization, Decentralized Finance (DeFi), and Decentralized Physical Infrastructure (DePin). He believes XDC Network is well-positioned to capitalize on these high-growth markets, paving the way for significant growth and influence in the future and creating a win-win environment for the applications and platform.

The interview concluded with Kakkad discussing XDC's upcoming XDPoS2 upgrade. This significant development will enhance security and staking opportunities on the network, thereby improving the overall user experience and trust in the platform.