Do you know what is XDAI? If you do not know, you should read this article. This article will explain you easy ways for adding XDAI to Metamask and what is XDAI.
What is XDAI?
xDAI is a USD-pegged cryptocurrency* with ultra-low transaction fees and fast transaction times. These features make it an ideal cryptocurrency for everyday transactions like retail stores or peer-to-peer transfers.
What is xDai used for?
xDai is layer 2, so will allow decentralized applications to be used in the same way as Ethereum, but at infinitely lower cost and faster. There are currently several Layer 2s such as Matic Network (now Polygon), Loopring, Celer, Optimism or OMG Network.
Simply put, it's like Ethereum, but faster and cheaper! xDai also allows the use of decentralized exchanges like Levinswap, Honeyswap (swap, yield farming, everything is there!), and soon Agave.
Easy ways for adding XDAI to MetaMask
For Extension:
- Click the network selector button. This will display a list of networks you are connected to
- Click "Add Network"
- A new browser tab will open showing the various fields to be filled in
Network Name: Gnosis Chain
New RPC URL: https://rpc.gnosischain.com
Chain ID: 0x64 (the hexadecimal equivalent of 100; if you encounter issues, input 100 instead and retry)
Symbol: xDai
Block Explorer URL: https://blockscout.com/xdai/mainnet/
- After adding those click save.
For Mobile:
- Click the hamburger icon in the upper left corner
-Choose a setting
-Choose network
- Click "Add Network"
- Fill in XDAI RPC network details:
Network Name: Gnosis Chain
New RPC URL: https://rpc.gnosischain.com
Chain ID: 0x64 (the hexadecimal equivalent of 100; if you encounter issues, input 100 instead and retry)
Symbol: xDai
Block Explorer URL: https://blockscout.com/xdai/mainnet/
- Click save to add network.
So I hope you will now know what is XDAI and easy ways for adding XDAI to MetaMask. Adding Gnosis (xDai) to MetaMask is a manual and simple task. After connecting your MetaMask to the Gnosis (xDai) network, you can send/receive xDai on your wallet. xDai is a derivative of Dai, a stablecoin cryptocurrency pegged to the US dollar.
