Topic: [XDN] DarkNote. Anonymous 100% PoW CPU+Untraceable Crypto Messages+GUI Client! - page 32. (Read 113736 times)

As U said.
  ►  NEW ECONOMY MOVEMENT  ◄ 
  100% built from scratch • revolutionary forging mechanism • fairly distributed

More movement,more user.
Create high value.

I agree but the low price I feel encourages the hoarding of XDN, this is a very small community compared to other alts so while the price is low a relatively small number of people are buying large volumes of cheap XDN, for the real progress to be made XDN needs some marketing to raise it's profile, the XDN distribution and price can't and won't take off until more people are attracted to it.

Excellent.

I hope price stays relatively low and we see volume go up as well. Looking at the price and volume data on poloniex, you can see that on XDN's highest day of trading volume ever, there was about 40 BTC of volume at an average price XDN price of 32 satoshi - this means about 125M XDN changed hands. 125M is a small fraction of the 6500M XDN in existence, about 2%. Typical volume is more like 3 BTC, which at current prices means only about 15M XDN are changing hands per day. Considering half of all XDN were mined in the first month when the network hashrate was pretty low, I'm not convinced that there isn't a few people holding a large percentage of the total coin supply. Volume does seem a bit higher on Hitbtc, but still on the highest volume day there were ~375M XDN sold. I think low price leading people to sell isn't a bad thing in light of the  rapid emission, especially since there is no way (apparently/supposedly) to do blockchain analysis to see how many people/addresses own how many coins in cryptonotes.

Implementing proof-of-stake (depending on the interest rate in comparison with the rewards from PoW at that point) could lead to a rich get richer scenario, if there are a few wallets holding massive amounts of coins, a high staking/interest rate, and only 150 XDN per block PoW reward. I'm very interested to see how PoS can be implemented when there is not really anyway, afaik, to determine how many coins an address is holding. How do your coins gain staking weight when the network can't see which address they're in?

price still so low.

ducky,

Your updates are very welcomed. Congratulations on discovering a method by which you can move the original cryptonote infrastructure to a PoS system.

I am still wondering how to retrieve my very long pgp message from your system? Your GUI does not seem to provide the means yet, as I cannot figure out how to get more than a few characters of the message.

Should I continue waiting, or am I using your software wrong?

The GUI right now is the most important. More users will flock to this tech/coin if it's "easy" out of the box.
Updates via GUI would be even better, no messy downloads to worry about.

Great Job!! Thank you!

I think it's the first time since December 2013 that took in the scene of the crypto I see the adds there met both deadlines and quality.
With that spirit of honesty and compliance with the community has a feeling your project with success.


Great work and congratulations dNote

I'd say XDN, XMR, and BBR are tied for first place depending on which features are important to you.

XMR is best for those of us who don't GAS about GUI and want security from Timewarp, etc. attacks.

BBR's light footprint is very nice if you are on Granny's old laptop.

XDN is the only game in town if you like anon msg and a GUI.

Thank you, especially for you i will make a comparison between CN coin in near days.

briefly: 1.Advanced Cross platform GUI 2.Encrypted messages.

XMR is a big boss of CN-coin.
Long long ago, they announced that they will create GUI wallet.
Now,Where is the GUI wallet of XMR?

How are they ahead?  All they did was make an announcement about something that isn't even due to be released for over four months.  Lot's of Big announcements and nothing done.  Yawn... 

Technically you might want to remove VIA as well, since greater than 10% of the total coin supply was sold, rather than distributed by PoW. Anyway, nice to see more innovation promised from dNote. Will be interesting to see how staking is implementing while maintaining anonymity.

We will always keep Proof-of-work!
The goal is to make network very secure, environment, user and investors friendly.
Proof-of-Work phase is going now and PoS will be added when block rewards will be near min_block rewards value.

DarkNote is always well ahead of the all CN-coin.

Oh look, DarkNote is doing what Cloak failed to do after months of trying!  I better let them know.   

On the downside, I'll have to either remove XDN from my whitelist or change the 100% POW requirement.   

Hybrid PoW/PoS implementation. 17 weeks.
DarkNote mobile wallet. 12 weeks.
Aliases. 9 weeks.
Multisignatures. 4 weeks.
DarkNote web wallet. (JavaScript cryptography implementation). 2 weeks.
GUI client improvements. Every day. Frequently updated.

The first time.

Ladies and Gentlemen,
   
          We are happy to announce news you were waiting for. That is a significant step for a cryptocurrency community. Today we announce DarkNote XDN Hybrid Proof-of-work/Proof-of-stake (Hybrid PoW/PoS) development. The very first PoS implementation for CryptoNote coins.

PoS definition.
Proof-of-stake is a method of securing a cryptocurrency network through requesting users to show ownership of a certain amount of currency.

PoW vs PoS. No opposition. Make Love, not war - DarkNote will have a unique most secure Hybrid PoW/PoS.
          Both PoW and PoS have its advantages and disadvantages, but Hybrid PoW/PoS system takes only advantages and solves all disadvantages. Each approach reinforces the other and makes DarkNote the most Secure and most Energy Efficient Anonymous cryptocurrency. 

Hybrid PoW/PoS for Investors. Interest for XDN holders.
          PoS aspect of Hybrid PoW/PoS system makes DarkNote the perfect investment asset with interest for current XDN holders.

Hybrid PoW/PoS for Users. Long term thinking. Decreasing fees.
          Hybrid PoW/PoS is a very user friendly approach because of major long term fees decreasing. Users win twice, while holding and transferring DarkNote.

Hybrid PoW/PoS for improving decentralization and avoiding performance war.
          Hybrid PoW/PoS improves decentralization and makes arms race useless. You do not need to worry about your CPU-power, you can just hold some XDN, or instead you can only use your CPU and do not worry about buying XDN.

Hybrid PoW/PoS and DarkNote unique supply curve. Solving PoS problems.
          It is well known, that DarkNote has a unique supply curve with ~80% of XDN generated via PoW in the first year to provide coins circulation and coin units decentralization. Hybrid PoW/PoS will save all supply curve logic with 150 XDN minimum block rewards, but will enforce PoW. Hybrid DarkNote blocks will rely on both PoW and PoS system. DarkNote unique supply curve solves PoS Monopoly problem. You can call it fair and decentralized Proof-of-stake.

Hybrid PoW/PoS is the most secure.
          Hybrid approach makes impossible all types of common attacks against cryptocurrency and makes DarkNote extremely strong.

Hybrid PoW/PoS Environment Friendly and Energy efficient.
          DarkNote is gonna be the most Environment friendly Privacy Protected cryptocurrency. PoW is a good solution, but we need to "burn" Energy to sign transactions. Instead of that, the Hybrid PoW/PoS approach is a very Environment friendly and cost much less energy to keep network very secure.

Hybrid PoW/PoS with CryptoNote and Timeframe.
          DarkNote will be the very first CryptoNote cryptocurrency  with PoS implementation. PoS based on CryptoNote requires major development, but DarkNote devs will implement it in next 17 weeks.

Hybrid PoW/PoS implementation. 17 weeks.
DarkNote mobile wallet. 12 weeks.
Aliases. 9 weeks.
Multisignatures. 4 weeks.
DarkNote web wallet. (JavaScript cryptography implementation). 2 weeks.
GUI client improvements. Every day. Frequently updated.