The XDC network is implemented using both blockchain technology (for the immutability of transactions) and DAG (Directed Acyclic Graph), a structure where individual transactions form a sequence directed graph with no specific order about how they should be placed in time by the user.
This means you can download or upload multiple files at once! With this method there are no limits to scalability which makes it infinitely more powerful than blockchain based storage networks as we have seen with other projects such as STORJ, SIA and others.
The XDC team are implementing a unique auction model for the distribution of digital content which is based on cryptocurrency economics. This means that users can sell their digital content in an open competitive market driven by demand. The more demand there is for your digital content, the more you will be able to sell it for.
With this method only the market has the final say in what price your digital content will go for making it fairer than any other alternative available today! You can find out more about how it works here.
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Founder of XDC NETWORK (XDC) and Blockchain Consultant. Henrik has a background in business and economics and has been working with blockchain technology since early 2017. He is the founder of XDC NETWORK (XDC), a decentralized platform that provides an extensive system of tools to create , distribute and trade digital content. He is also a blockchain consultant, providing advice and guidance to businesses and organizations who are looking to integrate blockchain technology into their operations.
