XDC Network (XDC) joins the Bidao® Smart Chain ecosystem

What is Bidao® Smart Chain

Bidao® is in the process of developing a cutting-edge blockchain ecosystem designed to cater to various digital assets, such as DeFi, NFTs, and Tokens. The Bidao® Smart Chain is built on the reliable ETH2.0 Proof-of-Stake consensus algorithm, which ensures the network’s stability and security. In comparison to Ethereum, BiSC offers increased throughput capacity and reduced transaction fees, making it an appealing choice for users seeking cost-effective and efficient blockchain solutions.

Bidao® is cooperating with XDC Network

Bidao® is proud to announce its support for the XDC Network ecosystem, with plans to include XDC as one of the supported Tokens in our ecosystem. Our platform offers a range of Tokenbridges and DeFi applications that are specifically designed for the Bidao® Smart Chain, which will also support the integration of XDC. By integrating XDC into our Tokenbridge technology, users will be able to transfer and trade XDC Tokens on the Bidao® Smart Chain at a significantly reduced cost. This integration marks an exciting milestone in the Bidao® ecosystem’s expansion, demonstrating our commitment to providing a comprehensive and accessible blockchain platform for all users.

About Bidao® Smart Chain

The Bidao® Smart Chain (BiSC) is a fully decentralized Proof-of-Stake blockchain system that prioritizes both decentralization and user-friendliness. BiSC utilizes a consensus algorithm similar to that of ETH2.0, featuring a maximally decentralized validator set with no delegation, ensuring a robust and future-proof system that cannot be controlled by centralized entities. The growing importance of decentralization in the crypto ecosystem has been increasingly evident, and only truly decentralized blockchains can ensure that incidents such as those involving BlockFi, Celsius, Terra, and others do not occur in the future. By providing a solid foundation for future DeFi applications, the Bidao® Smart Chain offers an opportunity to develop innovative protocols and further advance the blockchain industry.

Hardware requirements are also a lot lower, so that everyone is able to stake on the Bidao Smart Chain. In Ethereum you need special NVMe SSD storage chips, whereas with the BiSC normal consumer SSD cards are sufficient.

With BiSC staking will be more accessible and easier than ever.

About XDC Network

XDC Network (formerly known as XinFin Network) is an EVM-compatible Layer 1 network. A highly optimized, bespoke fork of Ethereum, the XDC Network reaches consensus through a delegated proof-of-stake (XDPoS) mechanism, which allows for two-second transaction time, near zero gas fees, and a high number of transactions per second.
Secure, scalable, and highly efficient, the XDC Network powers a wide range of novel blockchain use cases and provides state-of-the-art infrastructure for enterprisegrade blockchain applications