XDC Network combines the transparency of public blockchains with the security and speed of private networks, making it suitable for businesses and enterprises. The network's native token, XDC, is used to incentivize validators and support various functionalities including smart contracts, cross-border transactions, and decentralized applications (dApps) within the ecosystem. Furthermore, XDC's utility extends to digitizing assets, creating digital identities, and establishing a settled and verified state for any type of transaction or contract.