Gnosis (xDAI)
Before integration, please read the documentation on the official website. If you have any questions, you can send a request to support.
What is xDAI?
xDAI is a stablecoin-based blockchain network designed for fast and affordable transactions. Operating as a sidechain of the Ethereum network, xDAI utilizes the DAI stablecoin to provide low-cost transactions while maintaining stability through its unique consensus mechanism known as POSDAO (Proof of Stake Decentralized Autonomous Organization).
Key Features:
- Stablecoin-Based Transactions
- Low Transaction Costs
- Fast and Scalable Network
- Interoperability with Ethereum
- POSDAO Consensus Mechanism
Use Cases:
xDAI is used for low-cost microtransactions, decentralized applications (DApps), and various use cases that benefit from fast and affordable transactions. It's also suitable for bridging between other blockchain networks and Ethereum, and for exploring DeFi applications.
Accounting Features Supported for Gnosis (xDAI)
Take Control of Your Crypto Finances Today!
Start managing digital asset records with Cryptoworth’s Sandbox subscription. Explore reconciliation, data completeness, and sanity checks with your data—no long-term commitment required.
- Up to 5 wallet and exchange connections
- 2,000 transaction lines.
- Sanity Checks.
- Access to invoicing, reconciliation, and billing modules
- Group onboarding and video tutorials.