Based on Delegated Proof of State Consensus algorithm (https://www.xinfin.org/xinfin-consensus.php) and go-ethereum codebase (https://medium.com/xinfin/xinfin-joins-the-enterprise-ethereum-alliance-a49224324fe8), XinFin XDC Wallet address will now start with �XDC in place of 0x. The unique address prefix will help users recognize XDC Wallet address instantly without even mentioning it.
Here is the address creation method used by XinFin. It begins with the private key, which uses ECDSA (Elliptic Curve Digital Signature Algorithm is the cryptographic algorithm in the core of addresses) to create a public key. The public key is then hashed using Keccak-256, which gives us a 32-byte string. XinFin drops the first 12 bytes, and the remaining 20 bytes yield a 40 character hexadecimal address, to which is added an XDC prefix. Theres no transformation to Base58, which means XinFin addresses remain hexadecimal.
Replacing the 0x prefix with XDC will make our XDC Wallet addresses easily recognizable for users who often tend to misinterpret wallet addresses for another blockchain due to their ignorance and lack of technical knowledge. With XDC prefix implementation, users can easily perform transactions without losing their tokens. This XDC address prefix implementation was important to eliminate the challenges; a user faces while performing transactions and I am glad, our developer team achieved it, said Atul Khekade, Ecosystem Development Head, XinFin.
XinFin TestNet is already live at http://xinfin.network/ and LiveNet will be live within a few weeks after thorough testing.
About XinFin
XinFin is an open source enterprise-ready Hybrid Blockchain for Global Trade and Finance. It combines the power of Public and Private Blockchains with interoperable smart contracts. XinFin is fully EVM compatible. For more information on XinFin, please visit www.xinfin.org or learn more about XinFin in this video https://www.youtube.com/watch?v=K-tHZkV6zAs
Developer Community Resource: https://docs.xinfin.org/docs
Follow XinFin on:
Twitter: @XinFin_Official
LinkedIn: https://www.linkedin.com/company/xinfin/
Telegram:https://t.me/joinchat/IDjEOEUaNJNpbeM-c1YtZw
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