Developers Forum for XinFin XDC Network

Discussion on: XDC Network Protocol Upgrade Proposal: Fully Proof-of-Stake (PoS) Network

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Ritesh kakkad Author

Answer to your Question1: Purpose of proposal to get more institutional and community participation. Many Institution like to become a masternode but right now they are unable to be a validators.

Answer to Question 2: Upgration is continues process and always required to get more adoption and participate from more validators, Right now Masternode numbers and growth fully restricted for new master node-holders. We wanted to make it more open frame-work so new members can participate with more contribution and become a validators. In short, this is more like Quote by Hazrat Inayat Khan: “Movement is life; stillness is death.”

Answer to Question 3: BIS, FAFT, AML and KYC etc comes whenever we speak to the regulators. But many countries came out with various rulebooks and proposed framework (very opposite to each other) so it’s also important to aligen with most of the countries and not stick to one specific country. ITFA, D2A2, all discussion related to compliance, AML, FAFT and regulation. Limited community members aware about XDC's founders are part of new digital negotiable instrument law initiative. XDC Network so far most regulators friendly network and we want to keep enhancing as per the revised rule books. Other important task is to see technical viability as well so this may need extensive communication and brainstorming with developer’s community as well. Also i asked to specific link as IMF came with many papers including CBDC, Risk with crypto trading, crypto risk to emerging counties, crypto mining and energy consumption, financial system risk etc.

Feel free to create any additional proposal to get more community participate and adoption.