Digitalnote is a decentralized currency form based on the blockchain technology. It was established in 2014 with a purpose to create an awareness about hashrate and the CryptoNote or the cryptocurrency. They basically are digital currency and work as an alternative to the normal paper currency. XDN took a big leap forward and today offers superior features than most of the popular cryptocurrencies that have been created over the past few years.
Digitalnote is the most secure, and safe cryptocurrency. There is no authority owning or controlling Digitalnote. It uses the peer to peer technology and adopts the ASIC -resistant Proof of Work(PoW) mining process. This ensures that the crypto is more fairly distributed.
Digitalnote is anonymous, ensures highest level protection to transactions, and there is no way that an encrypted message, that it creates, can be tracked or monitored. Digitalnote allows the user to publish a single address and receive multiple untraceable payments. The destination key by default is unique in XDN unlike in bitcoin. So even if it is seen, nobody can realize that the recipient address is the same in every transaction. Using the theory of “One -time Ring signature” using the GEN/SIG/VER/LNK algorithms. This makes the payments untraceable.
XDN can be earned by mining. Mining is a way of creating new XDN units and the users are rewarded with the coins when they complete the transactions. Another method of earning XDN is by maintaining a deposit. The minimum period of deposit must be one month and the users can go up to 10 years of locking their currency. The third way of getting XDN is by exchanging the currencies. Digitalnote supports HitBTC exchange and Bitrex Exchange. The users can start their own mining pool.
The processing fee is negligible in comparison to the other cryptocurrencies. The most important features of Digitalnote is its highly secure and undetectable nature. Verifications and confirmations of transactions are done rapidly. The users have total protection and this is the primary reason it is growing big. There is a lot of scope for the future with new features being planned and likely to start. It is coming up with a mobile app, a Proof of activity based on blockchain deposits, an alias name for messages and a blockchain digital ID. XDN allows an increase of 1% interest each year.
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