DigitalNote (XDN) is not just another cryptocurrency; it has a purpose. Since January, the coin has grown tremendously and the growth is unstoppable, at least for the next few months. The coin was launched in 2014 under the brand name DuckNote and changed to DarkNote. After rebranding to the current name, the coin seems to be getting a lot of attention.
DigitalNote drivers are many apart from the brand name change. This is in the category of the most sought after privacy coins. With KYC on every cryptocurrency and ICO heals, DigitalNote offers the state-of-the-art anonymity that meets KYC standards. However, it has an untraceable massaging capability that beats other privacy coins hands down.
Next time you see a note saying “bank with us”, just know that is the blockchain based bank like platform; DigitalNote (XDN) and here are some hard facts about this amazing coin.
Why the Hype around DigitalNote?
No one owns the DigitalNote platform; it is a peer-to-peer ecosystem that allows you to make blockchain based deposit. You earn a certain percent interest from the system depending on the amount deposited and the lock period. Although you can earn XDN coins through mining, the system is set to be anti ASIC mining.
Transactions are instant across the globe and the fees are near zero. You are put in control of your digital funds and any other data in the system. It operates like a bank and the private key is your “bank” account. Your transactions are not monitored and you have the freedom of transacting any XDN amounts anytime, anywhere.
As a user, you have the freedom to use the DigitalNote graphical wallet. This comes in handy when you create a mining pool or for purposes of converting XDN to other cryptocurrencies. When you secure the network with your CPU power through mining, you get rewarded with newly created XDN tokens which you can deposit or trade using the native wallet.
Key DigitalNote (XDN) Features to Note
Apart from mining XDN coins, you can deposit and lock your assets for one month to ten years and earn an interest of ~ 1% annually. You can opt to change your coins to any other cryptocurrency that is paired with XDN from UpBit, Bittrex or HitBTC at any time.
With unsurpassed untraceable capabilities, your transactions are secure. This is the latest ecosystem to use truly encrypted information and data transfer. Not many peer-to-peer decentralized platforms beat DigitalNote. Transaction messages are instant and cannot be linked in the entire network communication process.
DigitalNote is the only platform that accepts blockchain deposit system with annual interest. This is one of the platform mainstays when it comes to XDN supply. You can deposit and lock your funds in the systems wallet and earn up to 1% per year.
The analysis resistant feature ensures that your transactions using XDN cannot be linked to each other. This protects you from hacks. It is a system that uses the libertarian model economy based on an open source decentralized environment where community members are part of the project implementation process.
The future of DigitalNote (XDN)
The future of DigitalNote (XDN) looks bright with more features like proof-of –activity, mobile client and Digital ID set to be released in a few months’ time. With the ongoing correction on the XDN coin, the last few weeks has seen the coin gain against the dollar and Bitcoin. The bullish trends have seen the coin trade at $0.019411 gaining 24.11% against the dollar and 21.18% to BTC in the last 24 hours.
With a volume of 12 million changing hands in the last 24-hour period, it is easy to deduce the coins popularity. With other privacy coins like Monero (XMR) having a myriad of drawbacks, DigitalNote (XDN) seems to be the latest safe haven for users that are after total privacy.
Once XDN gets listed on larger exchanges, increased capital flow will entice additional investment to make XDN more valuable than it is at the moment. With the current correction, a breakthrough is what investors are waiting for and the coin will skyrocket beyond what the developers are anticipating.