Review on DigitalNote by gregori cordova
a totally decentralized project with anonymity as the main objective
For several years, with the rise of cryptocurrencies in the market, there are many cryptographic advances that have been made to protect users, and one of the most notable is in terms of security when making transactions. In this sense, the philosophy of the digitalnote project is to create an environment where anonymity is the basis of the entire project, since it is based on cryptonote technology. It is an open source project, created in 2014, and offers ASIC-resistant mining, with which users can mine it from their cpu or Gpu. It operates under a highly decentralized ecosystem for sending encrypted and untraceable information, which represents a very valuable environment for lovers of anonymity, since their data will not be exposed and no central institution has control over them, only their users. , making peer to peer transactions simpler, faster and more profitable, since there are no processing fees or commissions. In this environment, only the recipients are able to read the encrypted messages sent, something that undoubtedly represents an extremely powerful feature for companies that handle extremely important information and data. With the master node network, the project has enabled the option of sending data immediately through its instantTX technology using XDN, thus saving us long waiting times that are often vital in the volatile world we live in.
In conclusion, I must say that the idea of offering totally anonymous transactions in a highly decentralized environment, in which it is almost impossible for there to be an attack on 51% of the project, is something highly valued by the community, since there are millions of data and messages that are sent daily, and with this project, only we have control over who reads and who receives our information.
Pros
- Transactions using digitalnote are fully indecipherable and data is fully encrypted
- Profits can be obtained by blocking or keeping in your account the XDN coin with annual interest of 0.5 to 1%
- Offers a remuneration per block of 150 XDN
- As it works with an ASIC resistant mining process, any user can mine XDN from their cpu
- It also offers rewards to its users for keeping the network protected and secure.
- It was not the product of any ICo, which is always a plus, since it speaks very well of the intentions of those in charge of the project
Cons
- It is a project that still does not have much liquidity in the exchanges in which it is listed, so I believe that it still has to work on convincing the community to join the project.
- It has a very large competition since there are very solid projects such as monero that have already been working with anonymous transactions for years.
