DigitalNote is a digital cryptocurrency used by Blockchain. It is a decentralized, peer-to-peer and secure cryptocurrency developed in 2014. In this article, as Kriptokoin.com, “What is DigitalNote?” We will answer the question. In addition to these, we will touch on all the questions about the project.
What is DigitalNote? What does XDN do?
On May 30, 2014, DigitalNote Coin was first launched as duckNote. It was also a fork from the platform Bytecoin. Renamed to DarkNote in September 2014. It was renamed DigitalNote in June 2015. XDN has a fair launch.
There were no pre-blocks or ICOs for XDN. This means that the developer of a different single node in the network is not in danger of holding large amounts of cryptocurrencies unfairly. XDN was created to enhance the different protocols in Blockchain technology created by the likes of BTC, such as providing greater security, promoting fairness within the network, and ensuring true anonymity.
What are the features of DigitalNote?
- PoS / PoW approach: It promotes fairness in the network by not allowing miners to control a large portion of the network. It also reduces the harmful impact on the environment by reducing the resources and power consumed in the Blockchain network.
- ASIC resistant Blockchain: With the developed XDN algorithm, ASIC miners will not be able to increase their power unfairly and will cease to have a monopoly on the Blockchain. This will result in mining the most blocks. XDN Blockchain is resistant to ASICs. It gives GPU and CPU miners a fair chance.
- Privacy protection: XDN Blockchain uses CryptoNote technology to hide the send and receive addresses involved in a transaction. This means that neither the sender nor the receiver or even a transaction value can be determined from the public blockchain. This is accomplished by the controlled merging of transactions using CryptoNote protocols.
- Encrypted messaging: XDN enables the use of a completely secure, private, decentralized and peer-to-peer messaging system where no one but the sender and the intended recipient can decode the message. The message packaged with a transaction is automatically decoded according to the transaction content when the receiver comes across the block. Therefore, there is no need for any key exchange in advance.
- Encrypted transaction comments: Its unique feature allows users to add a desired message to a transaction. This message is then broadcast to the Blockchain in a secure and encrypted manner. Due to the obfuscation of the address, the comment sender cannot be identified by someone browsing the public Blockchain. It does not allow users to get around censorship.
- Fast and efficient future-proof network: With a maximum limit of 8.59 billion XDN, a block time of only 4 minutes and a block reward of 150 XDN, DigitalNote Blockchain provides a consistent and reliable network very quickly. Constant updates by developers ensure a particularly up-to-date Blockchain.
What is DigitalNote? How to buy XDN?
XDN purchases are buying on multiple exchanges such as Bittrex, Upbit, and Altex. It can also be exchanged. XDN can be mined using CPU or GPU mining system. The nature of the DigitalNote algorithm makes it ASIC resistant. Users can also join mining pools like FairHash or SuperPools to increase their mining participation.
Staking is another way to earn XDN coins. XDN Coins are also credited for staking rewards. XDN’s unique staking methodology is non-inflationary and is paid out to holders based on the chosen “lock-in” period. If XDN storage; The official XDN wallet can be downloaded from the official GitHub page.
