DigitalNode pioneered blockchain locking rewards but never fulfilled its original promise to utilize staking to secure the network, UNTIL NOW.
We are excited to announce long-awaited Proof-of-Stake functionality via our innovative PoW + PoS hybrid system! The old blockchain lock-reward system has evolved into full Proof-of-Stake, while still allowing for Proof-of-Work mining.
DigitalNode is resistant to the 51% attacks that plague other cryptocurrencies. We have taken a proactive approach versus 51% attacks since they are no longer just hypothetical in today's environment.
The network deploys multiple layers of security to achieve this. First, the very nature of a PoW + PoS currency implies that an attacker must not only have 51% of the hash rate but they must also have 51% of the total amount of coins to be able to attempt an attack.
This alone is very unlikely, but we have gone a step further by incorporating VRX v3.0. VRX v3.0 is a difficulty retargeting algorithm and system designed to keep PoW and PoS balanced, among other things.
This system ensures that neither block type can overpower the other and both miners and stakers can benefit the blockchain equally, eliminating either as a potential 51% attack vector.
Lastly, the new wallet verifies the entire incoming block before ever storing it to your disk, checking the stake difficulty and other parameters to make sure that a 51% attack is impossible.
VRX v3.0 also deploys a velocity constraint system to ensure a narrow window around the desired block target (while still allowing for some variance) essentially eliminating timestamp attacks.
Additionally, we are welcoming user-run Masternodes to the network! Masternodes incentivize network cooperation, strengthen chain security and also upgrade the network to allow instant transactions.
The collateral required to operate a Masternode is 2,000,000 XDT (more technical information is available in the resource section).
The DigitalNode blockchain is lightweight and mobile-ready. This will allow for features like a mobile encrypted messenger and mobile wallet, among other innovations.
Adaptive block sizes also help to govern the maximum allowable block size based off of network usage. This allows for seamless adaptability of the blockchain system to handle any kind of network load and environment.
Features
*Encrypted Messaging
*Instant Transactions
*Resistance to 51% Attacks
*Masternode Network
*Proof-of-Work + Proof-of-Stake
*VRX v3.0 Difficulty Retargeting Algorithm
*Lightweight/Mobile Blockchain
*Adaptive Block Sizes
Specifications
Supply cap: 10,000,000,000 XDT less 3,070,000,018 burnt coins, leaving a maximum supply of 6,929,999,982
Consensus: Proof-of-Work + Proof-of-Stake
PoW algorithm: bmw512 (Wish) - ASIC resistant
PoS algorithm: Echo512 - ASIC resistant
Block time target: 2 minutes
Minimum enforced block spacing: 45 seconds
Maximum block spacing (soft limit): 3.17 minutes
Confirmations required to spend: 15
Masternode collateral: 2,000,000 XDT
Block reward: 300 XDT (PoW + PoS + dev allocation)
Block reward split: 250 XDT PoW + PoS see-saw, 50 XDN dev allocation
Difficulty retarget: VRX v3.0 w/ hybrid chain swing
CodeBase origins: BTC 0.11 + reference source + custom XDN features (dynamic
max-block sizes, MN/Network payout see-saw, dev allocation, velocity blockchain
constraint system) + DASH features (Darksend, InstantTX, messaging, masternodes)
Masternode swing base: 100 XDT/block
Network swing base: 150 XDT/block
Network swing peak: 50 XDT/block
Emissions swing:
Incremental step: 20% step
Interval: 30 blocks
Step per interval: 1 step
Steps per swing: 5 steps (up or down)
Epoch (see-saw finish): 15 intervals
Upswing duration: 5 intervals
Downswing duration: 5 intervals
Idle duration: 5 intervals (no adjustment)
Wallets
Windows: https://github.com/DigitalNode-main/Wallet-GUI/releases/download/2.0.1/DigitalNode-qt.win64.zip
Linux: https://github.com/DigitalNode-main/Wallet-GUI/releases/download/2.0.1/DigitalNode-qt.linux.arm64
Full list of current pools will be there: https://miningpoolstats.stream/digitalnode
We are excited to announce long-awaited Proof-of-Stake functionality via our innovative PoW + PoS hybrid system! The old blockchain lock-reward system has evolved into full Proof-of-Stake, while still allowing for Proof-of-Work mining.
DigitalNode is resistant to the 51% attacks that plague other cryptocurrencies. We have taken a proactive approach versus 51% attacks since they are no longer just hypothetical in today's environment.
The network deploys multiple layers of security to achieve this. First, the very nature of a PoW + PoS currency implies that an attacker must not only have 51% of the hash rate but they must also have 51% of the total amount of coins to be able to attempt an attack.
This alone is very unlikely, but we have gone a step further by incorporating VRX v3.0. VRX v3.0 is a difficulty retargeting algorithm and system designed to keep PoW and PoS balanced, among other things.
This system ensures that neither block type can overpower the other and both miners and stakers can benefit the blockchain equally, eliminating either as a potential 51% attack vector.
Lastly, the new wallet verifies the entire incoming block before ever storing it to your disk, checking the stake difficulty and other parameters to make sure that a 51% attack is impossible.
VRX v3.0 also deploys a velocity constraint system to ensure a narrow window around the desired block target (while still allowing for some variance) essentially eliminating timestamp attacks.
Additionally, we are welcoming user-run Masternodes to the network! Masternodes incentivize network cooperation, strengthen chain security and also upgrade the network to allow instant transactions.
The collateral required to operate a Masternode is 2,000,000 XDT (more technical information is available in the resource section).
The DigitalNode blockchain is lightweight and mobile-ready. This will allow for features like a mobile encrypted messenger and mobile wallet, among other innovations.
Adaptive block sizes also help to govern the maximum allowable block size based off of network usage. This allows for seamless adaptability of the blockchain system to handle any kind of network load and environment.
Features
*Encrypted Messaging
*Instant Transactions
*Resistance to 51% Attacks
*Masternode Network
*Proof-of-Work + Proof-of-Stake
*VRX v3.0 Difficulty Retargeting Algorithm
*Lightweight/Mobile Blockchain
*Adaptive Block Sizes
Specifications
Supply cap: 10,000,000,000 XDT less 3,070,000,018 burnt coins, leaving a maximum supply of 6,929,999,982
Consensus: Proof-of-Work + Proof-of-Stake
PoW algorithm: bmw512 (Wish) - ASIC resistant
PoS algorithm: Echo512 - ASIC resistant
Block time target: 2 minutes
Minimum enforced block spacing: 45 seconds
Maximum block spacing (soft limit): 3.17 minutes
Confirmations required to spend: 15
Masternode collateral: 2,000,000 XDT
Block reward: 300 XDT (PoW + PoS + dev allocation)
Block reward split: 250 XDT PoW + PoS see-saw, 50 XDN dev allocation
Difficulty retarget: VRX v3.0 w/ hybrid chain swing
CodeBase origins: BTC 0.11 + reference source + custom XDN features (dynamic
max-block sizes, MN/Network payout see-saw, dev allocation, velocity blockchain
constraint system) + DASH features (Darksend, InstantTX, messaging, masternodes)
Masternode swing base: 100 XDT/block
Network swing base: 150 XDT/block
Network swing peak: 50 XDT/block
Emissions swing:
Incremental step: 20% step
Interval: 30 blocks
Step per interval: 1 step
Steps per swing: 5 steps (up or down)
Epoch (see-saw finish): 15 intervals
Upswing duration: 5 intervals
Downswing duration: 5 intervals
Idle duration: 5 intervals (no adjustment)
Wallets
Windows: https://github.com/DigitalNode-main/Wallet-GUI/releases/download/2.0.1/DigitalNode-qt.win64.zip
Linux: https://github.com/DigitalNode-main/Wallet-GUI/releases/download/2.0.1/DigitalNode-qt.linux.arm64
Full list of current pools will be there: https://miningpoolstats.stream/digitalnode