xDAI Ecosystem
The xDai chain is an Ethereum-based sidechain that uses a Proof-of-Stake mechanism. It has been live since late 2018 and uses a stablecoin, xDai, as its native cryptocurrency. The main feature of this chain is that transactions are “very fast, very inexpensive, and require a single token (xDai)”. xDAI price is pegged to the U.S. dollar. Projects relating to the xDAI ecosystem are presented below.