Press Releases
By James Thorp
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Introduction
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The Dfinance Network Tokens
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Dfinance Under the Hood
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Consensus Algorithm
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Working Principle
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Other Important Features
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Partnership
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Conclusion
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The DeFi space is booming, yet there’s a significant number of financial geniuses of traditional systems locked out of the space.
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Dfinance is an entirely decentralized layer-2 network bringing the infrastructure required to build innovative financial instruments and DeFi tools with no prior technical skills.
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The four co-founders of the Dfinance team are members of the WINGS Stiftung Foundation who worked on the WINGS DAO project.
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XFI serves as the network’s utility token taking on several important roles -
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Dfinance’s latest testnet iteration supports BTC, ETH, and USDT coins.
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The blockchain nodes are responsible for performing all the core functions including reaching consensus, securing chains with PoS, transaction processing, and making p2p…
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The protocol selects the top 101 validators as active validators out of all the nodes depending on stake size, i.e., the amount of staked XFI bonds as collateral.
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