DigitalNote (XDN) Price

DigitalNote is an open-source blockchain that offers a fast, secure, and low-fee cryptocurrency, an interoperable DeFi platform, and Peer-to-Peer secure messaging.

DigitalNote employs a hybrid Proof-of-Work/Proof-of-Stake consensus mechanism with the VRX v3.0 Difficulty Retargeting Algorithm. DigitalNote is designed to withstand 51% attacks that plague other networks and is mobile-ready with lightweight wallet functionality. With the network now secured by both Proof-of-Work and Proof-of-Stake, a potential attacker would need to control not just 51% of the network hashrate, but also 51% of the coins, making such an attack highly improbable.

Moreover, the VRX v3.0 Difficulty Retargeting Algorithm ensures a fair balance between stakers and miners while carefully evaluating blocks to ensure they meet the chain's essential parameters. Any blocks that don't measure up are promptly rejected.

The blockchain has a Masternode network at its core. Masternodes serve as an incentive for network collaboration, enhance on-chain safety, and enable added functionalities such as Instant Transactions. These nodes process supplementary feature data for the blockchain, while guaranteeing security through a verified collateral lock of a specific amount of XDN for their operation.

To operate a Masternode, one needs to maintain a constant internet connection and comply with the requirement of a verified collateral lock. Non-compliance, such as consistent disconnection, may lead to penalization. This system ensures the security and flexibility of the DigitalNote blockchain, benefiting its end users.