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Can Crypto really replace traditional financial institutions?
Latest XRC20 tokens built on XinFin — XDC network
Can crypto really replace traditional financial institutions? This is an interesting. It's focussed on the UK but, raises interesting questions about cryptocurrency's role in the future. It looks like the XRC tokens are set to be used by the financial institutions.
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It was just incomplete the first time. Org and network are compliant - Network can support a single token or multiple ones under their umbrella. For example : XRP is an ERC-20 token, but ALGO (ASA) & XDC (XRC-20) are their own network and standard. They can have multiple tokens in their network, that are governance/utility tokens.
tldr; XDC Network has released a collection of multiplatform software development kits (SDKs) covering iOS, Android, .NET, Java, and Go. The SDKs will allow application developers to easily incorporate XRC-based tokens and smart contracts into their domain-specific applications without needing expertise in blockchain technology. The XDC Network can handle over 2,000 transactions per second. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*