can you explain me about this,
Total coins: 100,000,000,000 XDC
Pre-mine : 100% (80% in Escrow)
because, the premine amount is too huge for me ? and what for all the premine above ?
Why does XinFin has a huge combined supply of 100 Billion coins for XDC/XDCE? Proof of Work driven public networks consume huge amount of electricity, have high transaction costs and has huge latency times. This makes them unsuitable for any real world mission critical applications. In the long term, a more practical consensus mechanisms will be built on Stake driven consensus. XinFin network is currently designed on PBFT+stake driven consensus which means participating entities such as masternodes and institutions have to stake their tokens. This simply means that in-spite of having 100 Billion tokens, most will be staked and locked for running masternodes, private subnetworks and various financial applications. Also the tokens have release schedule.