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Home Blockchain

Etherscan Expands XDC Network Capabilities Following SolanaScan Acquisition

by DigestWire member
October 30, 2024
in Blockchain, Crypto Market, Cryptocurrency
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Etherscan Expands XDC Network Capabilities Following SolanaScan Acquisition
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The post Etherscan Expands XDC Network Capabilities Following SolanaScan Acquisition appeared first on Coinpedia Fintech News

In the wake of its SolanaScan acquisition, Etherscan continues to expand its footprint across the blockchain ecosystem by launching XDCScan on the XDC Network. This move is seen as a strategic decision aimed at boosting the XDC Network’s capabilities, especially in the areas of decentralized finance (DeFi), Decentralized Physical Infrastructure Networks (DePIN), and payment systems.

Ecosystem Expansion

With SolanaScan now part of its portfolio, Etherscan’s expansion onto the XDC Network is expected to attract a wider developer base, including those previously focused on Solana and Ethereum. XDC Network, known for its low transaction fees and enterprise-ready infrastructure, is set to benefit from cross-chain interoperability and increased developer migration.

The integration of XDCScan allows users and developers to track transactions, monitor token transfers, and audit smart contracts with the same intuitive interface they’ve used on Ethereum, Solana, and now XDC. Developers previously aligned with SolanaScan will find it easier to migrate or build cross-chain applications that can take advantage of XDC’s scalable infrastructure.

New Opportunities for DeFi and Payments

Launched in 2019, the XDC Network is secure, scalable, and designed to meet the needs of both enterprises and retail users. Its robust infrastructure powers a wide range of use cases, including payments, decentralized physical infrastructure networks (DePIN), NFT, MeMe Coin Ecosystem and next-generation blockchain applications. 

Powered by the native token $XDC, the network continues to lead innovation in the blockchain space. The XDC Network comparatively maintained 99.9% Uptime providing a better solution and experience and trust for the applications and aligns well with the strengths Etherscan brings through its recent acquisition of SolanaScan. 

As XDCScan goes live, the XDC Network is poised to become a more robust ecosystem, drawing developers from Ethereum, Solana, and other blockchains into a scalable, interoperable, and developer-friendly environment. The acquisition of SolanaScan only strengthens Etherscan’s role as a bridge across multiple blockchain ecosystems, and XDCScan’s launch marks the next chapter in this ongoing expansion. 

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