Demonetization efforts by various authorities worldwide and the requirement for online and anonymous transactions with utmost security have brought fo
Demonetization efforts by various authorities worldwide and the requirement for online and anonymous transactions with utmost security have brought forth digital currencies. These are currencies which are also known as cryptocurrencies, because they are dealt with using high level of encryption. Talking of cryptocurrencies one of the noticeably interesting and safe currencies for usage is the DigitalNote.
If you are interested in decentralized cryptocurrency usage, then you would get the XDN by DigitalNote to be of good value and use. Here is the much valuable basic info about XDN which will help you decide if you want to go with it or not.
Features of XDN
The currency can be used safely in the blockchain platform which you may access through http://digitalnote.org/.
The currency is for usage between P2P transactions, and all the messages and information gets untraceable due to the high level of encryption.
For top level of CPU efficiency the currencies are ASIC resistant PoW mined.
The technology behind XDN is cryptonote anonymous technology.
A very interesting fact is that the cryptocurency platform is not owned by anyone. Also no one controls it. It is running on a peer to peer technology. Therefore no central authority owns it.
The processing fees for this cryptocurency are negligible.
You don’t need a bank account number to operate this. You simply need a private key.
There is a graphical wallet for using DigitalNote XDN and an average user need to use the wallet only.
There are 2 ways you get the first currencies in your account. First way is reward and next is deposit. When you start with it you get reward currencies for securing the network using your CPU power. Besides you may also choose to deposit currencies in the account.
The interest rate annually is 1%, and the locking period may vary between 1 month and 10 years.
You can always exchange the XDN and get other currencies.
You can always withdraw the DigitalNote to your bank account.
DigitalNoteTalk is the platform to exchange ideas and discuss issues.
There are many mining pools and exchanges for the currency exchanging.
The transfers of the XDN are non linkable.
The concept is based on Libertarian economy and market model.
When you are constantly into mining the currencies you get rewarded with 150 XDN after a year of launch.
The network claims to be faster than the Bitcoin network by 2.5 times and features a 4 mins block target time.
The more information you gather about the cryptocurrency the secure you make your future for P2P digital currency transactions.