xDai DPOS

xDai DPOS

Created using Figma
Created using Figma
xDai is an Ethereum sidechain with bridged Dai serving as a native token. It's scalable, convenient, and user-friendly.
Token Sale
To be announced
Token Details
Ticker
DPOS
Additional Details
Categories
Platform

About xDai DPOS

Peer To Peer Payments

Thanks to xDai, sending money to a friend, relative or vendor is fast, cheap and easy. It’s also stable - the value of xDai is pegged to the US dollar. Peer to peer (P2P) payments on the blockchain can replace the current expensive, slow, bank-driven processes that dominate online payment systems today. It’s already happening - click on the case study and see xDai P2P in action.

Native Stable Coin

A stable coin provides peace of mind. Predictable currencies allow buyers and sellers to exchange value without the risks of volatility. In the xDai Stable Chain implementation, transactions are conducted using xDai, a stable coin pegged one-to-one with Dai. Because transactions occur on a bridged sidechain, they are extremely fast and inexpensive.

Bridges to Ethereum

Two bridges connect xDai Stable Chain to the Ethereum mainnet, supporting seamless two-way asset transfer between chains. Tokens are acquired on the mainnet, then bridged to the xDai Stable Chain sidechain using either the Dai-xDai bridge for transactional tokens, or the DPOS bridge for staking tokens. Once a user is finished transacting or staking, tokens can be bridged back to the mainnet with ease.

Activity

Members:
2 672
MEDIUM
30 Days Growth:
-75
Alexa

Rank:
707 962
LOW
Delta:
78 662
Year commits:
3 633
Watchers:
152
Stars:
769
Forks:
463
Open issues:
282
N/A
5.0 7
ICO Profile Vision Activity Potential Product Team

xDai DPOS Reviews

IvanGBi
HOT
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MoNoico
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Midgard Research
xDai Stable Chain is an ecosystem of sidechains bringing payments into the masses. 
xDai is not making a new stablecoin - it enables any existing stablecoin to have their own sidechain with the native token of their choosing: be it DAI, Reserve, USDT, and so on. Users can enjoy payments without experiencing volatility - plus with increased speed, ease, and great UX. xDai is already implemented in a list of apps and is actively used on: Burner Wallet, Poketto, AlphaWallet, DEX Wallet, Nifty Wallet, Status, Portis, Wallet Core, Metamask Mobile and Discordtip Bot.
In simple words, xDai allows freezing tokens on the main chain and then issuing the same number of tokens on a sidechain, thanks to interoperability bridges. 
It utilizes new POSDAO consensus to achieve greater decentralization. The Double token model implies that there can be any stablecoin as a native token for users, but only one DPOS staking token securing the entire ecosystem of sidechains and improving security. In the beginning, xDai Stable Chain was centralized since POA Network was the only one validator. But now, xDai has 10+ trusted validators onboard: POA Network, MakerDao, Giveth, Protofire, Syncnode.... more to be disclosed soon!
xDai plans to conduct a token sale at the end of September
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GAGARIN
NEW
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