#### What is XPR Network? XPR Network is a [blockchain](https://www.coinbase.com/learn/crypto-basics/what-is-a-blockchain) platform that aims to facilitate instant transactions, eliminate [gas](https://help.coinbase.com/en/coinbase/getting-started/crypto-education/glossary/gas-fee) fees, and provide on-chain identity verification. It aligns with the ISO 20022 standard, indicating its commitment to growth and innovation. The platform is designed to cater to a wide range of users, including developers, entrepreneurs, and businesses, providing solutions across various industries. XPR Network is built on a robust developer community and is designed to facilitate compliant trading, positioning itself for integration with financial systems. #### How does XPR Network work? XPR Network operates as a layer one proof-of-[stake](https://www.coinbase.com/learn/crypto-basics/what-is-staking) blockchain, leveraging advanced WebAssembly (WASM) [smart contracts](https://www.coinbase.com/learn/crypto-basics/what-is-a-smart-contract) to enable high-performance, scalable, and sustainable computation. This allows developers to build [tokens](https://www.coinbase.com/learn/crypto-basics/what-is-a-token), non-fungible tokens (NFTs), exchanges, lending markets, and more with ease and security. The network also relies on Block Producers who play a crucial role in validating transactions, maintaining network security, and ensuring the smooth operation of the entire blockchain ecosystem. #### What are the potential use cases for XPR Network? XPR Network aims to revolutionize various sectors by providing blockchain solutions. It seeks to enhance cross-border payments by enabling near-instant settlement of international transactions, thereby eliminating the delays and fees associated with traditional banking systems. The platform also aims to improve supply chain transparency and facilitate the tokenization of assets. Furthermore, XPR Network intends to contribute to the [decentralized finance](https://www.coinbase.com/learn/crypto-basics/what-is-defi) (DeFi) space and enhance digital security. It can be used by both small businesses and large enterprises for a variety of applications. #### What is the history of XPR Network? The history of XPR Network is marked by its commitment to innovation and growth. It was designed to align with the ISO 20022 standard, indicating its readiness to adapt to global financial communication standards. The platform has been built with a focus on facilitating instant transactions, eliminating gas fees, and providing on-chain identity verification. Over time, XPR Network has built a robust developer community and has positioned itself for integration with financial systems. It continues to evolve, offering solutions across various industries and catering to a wide range of users, including developers, entrepreneurs, and businesses.