Topic: [ANN] DigitalNote |XDN| - ICCO Announce - NEWS - page 112. (Read 450276 times)

As you may know, the main concern we have is the network security. Low hashrate may lead to various attacks. That is why we are working on PoA (proof of activity), to make DigitalNote network the most secure crypto network ever! But, as you may know PoA consist of two elements and one is still CryptoNight proof of work. The second one is the new PoA block.
PoA = 2 blocks "working together": PoW+"Block-from-deposits".
So with PoA we still need a strong PoW element to make it really secure.
At the same time, while PoW is a great way to secure, it is also the great way to waste energy. But we want to be environment-friendly and secure at the same time.
As you may know Monero, is the CryptoNote network with the highest hashrate - about 30 MH/s now. That is huge, but, imagine, how much energy it uses. Lots of energy. Really lots of energy. Why not use it in different ways, not just for securing Monero network?
This summer we were working on merged mining - XDN+XMR.
"Merged mining" is the process of allowing two different crypto currencies based on the same algorithm to be mined simultaneously.
XMR and XDN have the same ASIC resistant CryptoNight algo, and we will use XMR hashrate to improve XDN network and will improve energy efficiency ratio for both XMR and XDN.
We will introduce XMR+XDN Merged mining. So users who are mining Monero will be able to mine XDN at the same time with the same computing power and receive both XMR and XDN block rewards.
Merged mining hardfork will be released next week Oct, 24 - Oct, 30. Get ready.


We were not working on merged mining from scratch. There is one CryptoNote coin that has already introduced Merged Mining, called FantomCoin. It was abandoned by developers, having great potential. We could not reach FantomCoin developers to speak about FantomCoin development and Merged mining. FantomCoin is totally abandoned. But it helped us to make XDN merged mining. We started our experiments with FantomCoin and had a great progress. Learned so much from it. We can't just close our eyes and keep going.
We have to pay for our knowledge.
FantomCoin is pretty much outdated, barely working and so on. We will breathe new life into it, it will be reborn under the XDN-project flag, will have network improvements, will have XMR+FCN merged mining, the new wallet, etc.
And we will keep FantomCoin development in future as well.
FantomCoin will remain the "classic" CryptoNote coin with merged mining, with no messages, deposits or PoA.
So our surprise is: we are becoming new FantomCoin developers.

P.S. XDN is our primary priority, we are working on PoA and hopefully, will introduce it in 2017. Before PoA introduction we should deal with improving XDN PoW hashrate to make the first PoA element strong enough.

P.P.S. Major update = merged mining XMR+XDN
         Our surprise  = FantomCoin rebirth under the XDN-project flag

@Dev

I sent a message to you; please check it out.

Thanks

Price back to 33 sats now. Any chance price will going up again? or may be will down more and back to 20 sats? i'll put buy order below 30 sats then.

I have seen this news already.
At Feb or March

Typical for pumping.

it will appearlater

Buy wall disappeared.

there is some insights big buy wall, price will go to 80-100

so price holding 40-47, supernews comming>?

The deposit at poloniex is still disabled. Too bad i cannot join in the fun. But my xdn holdings are insignificant to cause an impact anyway.

it looks like it is setting a base at 50 for another pump

I don't see any recent activity at Github.
Price at Hitbtc was not the same high, BTW.

So I agree, It was a pump.

Now I expect dump only.

Actually i decided to rebuy a xdn at 21 to 22 satoshi but i never got it done which sucks. Should have kept my cold and holded, the pump was not surprising.

No it will not be used, the monero usage on these dark markets are decreasing. This is just a shameless pump.

I dont study POT, but i think its useless, POT and GULDEN style hop hop)) x10 in week, XDN can be used for dark markets, anon coin. The market is waiting for news, this "suprice"

I think 100 is possible, POT did it XDN can do it also.

hi i am waiting for the news too) do you think 100 is possible?

Dnote loading like D pot 

dNote, any eta on the update?

yeah very soon.. maybe now..

Looks like the actual pump is gonna start soon