We incorporate xDAI in the platform to ensure quick, safe and economic transactions.

In this way we manage to avoid the current saturation problems in Ethereum net and, in addition, the high cost that has been developed during the last weeks because of dealings and execution of smart contracts.

EthicHub
2 min readSep 16, 2020

Read in Spanish: https://medium.com/@ethichub/incorporamos-xdai-a-la-plataforma-para-asegurar-transacciones-r%C3%A1pidas-seguras-y-econ%C3%B3micas-c258a90dba08

xDAI is a new example of imagination and ideas around the blockchain ecosystem. It is an original process that works with a stable native cryptocurrency, and so it does not use ethers as any other token ERC-20. Thus, we achieve to optimize the transaction costs or execution contracts remarkably, since the associated commission is extremely low. Now the payment vehicle is the stable currency itself, and the transaction costs a few cents.

In the same way that DAI also keeps parity with the US dollar, but on this occasion, transaction costs neither are paid in ethers, nor they are subordinate to its volatility or Ethereum network congestion.

With this new optimization, we incorporate and improve the EthicHub platform that keeps away the high costs developed while working on Ethereum. Changes will be incorporated throughout next week, and EthicHub users will receive all kinds of help from our team to make this migration easier.

Today in the financial wallets, the DAIs will be transferred to the new cryptocurrency xDAI, without any charge for users- And, obviously, with the same balance, since DAI and xDAI are stable currencies that keep parity with the US dollar. Next, projects will be funded through xDAI, and the loans to be repaid by EthicHub farming communities will be payback with the new cryptocurrency.

In any case, the possibility to finance projects through credit or debit card is still operational. And not only that, because in a short time, we will improve the platform incorporating a suggestion we have received from the ethichubers community: any user will be able to choose a direct output in euros from his wallet to his bank. So, it will be easier for you to get liquidity and a higher skill as a user.

We remain at your entire disposal.

Connecting people. Harvesting wealth.

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