What is DigitalNote Coin cryptocurrency (XDN) in simple terms?
DigitalNote Coin (XDN) is a cryptocurrency. In the modern world, it is increasingly difficult to remain unknown or anonymous. One direct confirmation of this is the development by Russian programmers who have created a facial recognition program.
This application can find your social media account with 70 percent accuracy, just by scanning your photo. Such programs help the state to establish total control over its citizens. The DigitalNote Coin cryptocurrency described in this article delivers a philosophy of anonymity that helps you hide from unnecessary control.
What is XDN cryptocurrency (XDN)?
XDN is an open source blockchain platform that offers its users complete anonymity. Before using the name DigitalNote Coin, the cryptocurrency was known as DarkNote and duckNote, and was born on May 30, 2014.
The basis for the DigitalNote cryptocurrency is the proof-of-work method and the CryptoNote anonymity technology. In addition, the DigitalNote platform provides depositary services and allows you to earn additional interest on your deposits.
DigitalNote XDN is a cryptocurrency; a kind of decentralized digital money, like Bitcoin. It is based on CryptoNote’s anonymity technology and is complemented by a unique system for sending unrecognizable, encrypted messages.
No one owns DigitalNote and nobody controls it. It uses peer-to-peer technology and fair, ASIC-stable mining through the PoW algorithm, and works without a centralized controller.
DigitalNote provides instant worldwide data protection and transfer of untraceable, encrypted messages with virtually zero processing fees in a decentralized peer-to-peer user network. The math is responsible for securing the XDN network and controlling your finances and information.
Your personal key is your virtual bank account, which is not accessible to censorship and surveillance. Freedom still exists!
May 30, 2014, was the day of the first XDN block.
Getting started with DigitalNote XDN
The average user should use the DigitalNote graphical wallet. The Simplewallet is a wallet for services such as mining pools and the stock market. You can download binaries or compile your own. The official store of the XDN project is on Github.
You can earn DigitalNote by mining. Mining is the process of generating new XDN devices. You will receive a certain number of newly generated DigitalNotes coins as a reward for securing your network through the performance of your CPU.
Another way to get the DigitalNote tokens is to make a deposit. Each XDN user can deposit their DigitalNote coins at an interest rate of about 1 percent per annum or “”lock out”” their XDN for a period of one to 10 years. You can also redeem XDN for any other currency, or receive payments in DigitalNote.
The functions of DigitalNote Coin cryptocurrency
The whole world is already aware that Bitcoin is not an anonymous cryptocurrency. In 2014, therefore, there was a “”boom”” in creating cryptocurrencies that could protect their users’ confidential information (DASH, Monero). The DigitalNote cryptocurrency is part of this range of coins designed for anonymity.
Key features of the XDN cryptocurrency include the presence of an internal messenger where users can exchange anonymous messages. The basic functionality of DigitalNote includes the following:
- The return on deposits is 0.5-1 percent per year
- Protection against mining with ASIC Miner
- Uses the CPU for mining, that is, mining using the processor
- License from MIT
- The presence of your own wallet – SimpleWallet.
Other DigitalNote Coin XDN features
Other DigitalNote XDN features:
- Unmanned, truly anonymous DigitalNote transactions and transmission of encrypted information in a decentralized, peer-to-peer network.
- DigitalNote provides an instant, secure, encrypted and incompatible way to encrypt messages – the crypto messages.
- The coins of DigitalNote can be blocked for a certain time with an interest rate of 0.5-1 percent per annum in a current account.
Where can you buy the DigitalNote cryptocurrency?
The total number of coins is limited to 8 589 869 056 XDN units, most of which have already been mined (6 894 466 736 XDN). The cost of a DigitalNote Coin is $0.029, with a capitalization of more than $205 million. Today, DigitalNote can be purchased on the HitBTC exchange for BTC, USDT and ETH.
After buying the coins at the stock exchange, you can transfer them to the native purse of the cryptocurrency, which can be downloaded from the official website – digitalnote.org.
Advantages of DigitalNote Coin cryptocurrency
Due to the fact that the DigitalNote Coin cryptocurrency appeared in 2014, its developers were able to evaluate the pros and cons of the very first cryptocurrency, Bitcoin, and to include them in its development. It’s safe to assume, therefore, that this cryptocurrency is an improved version of Bitcoin.
Key benefits of DigitalNote include network speed (2.5 times faster than the Bitcoin network), anonymity, predictability for miners (time to create a block unit is four minutes), and other benefits.
Conclusion about DigitalNote Coin
DigitalNote (XDN) is an open-source cryptocurrency. It is a decentralized blockchain platform for data protection, and features instant, untraceable and encrypted messages, reliable ASIC-resistant CPU mining and blockchain deposits with interest rates.
If you are looking for a secure, convenient and fast way to invest in a cryptocurrency, then DigitalNote Networks is highly recommended. The low price offers many reasons to believe that DigitalNote has plenty of room for growth.