Review on DigitalNote by Fabrizio Zampieri
DigitalNote wants to be an open currency that everyone benefits from. It has…
DigitalNote wants to be an open currency that everyone benefits from. It has a strong focus on privacy, encryption, and interest-bearing blockchain deposits. It is also worth noting that DigitalNote was formerly known as DarkNote and DuckNote, although rebranding is nothing new in the world of cryptocurrency. Instant worldwide privacy-protected transactions are certainly of great appeal to a lot of people.
Pros
- DigitalNote, it makes use of the CryptoNote algorithm. This protocol focuses on anonymous technology, so the foundation for DigitalNote is rather solid. The developers also introduced some unique untraceable encrypted messaging solutions to ensure users get the best of both worlds. Furthermore, DigitalNote is one of the few remaining cryptocurrencies which prides itself on being ASIC-resistant (as we have seen with Bitcoin and most altcoins, ASIC hardware makes the mining process more efficient but also leads to even more centralization). Moreover, DigitalNote is all about instant worldwide privacy-protected transactions and untraceable encrypted messaging transfers. With low to no fees involved, this decentralized peer-to-peer network certainly packs a punch. There is also the blockchain deposits feature, which allows XDN users to earn 0.5-1% annual interest by locking their coins in a deposit account. And more, DigitalNote claims to be blockchain analysis resistant, which is another major selling point for currencies focusing on privacy and anonymity
Cons
- Until recently, it was a bit unclear if any merchants accepted DigitalNote as a form of payment (this situation will hopefully change in the future). For now, it seems the primary purpose of XDN is to be traded on exchanges and appreciate in value due to speculation first and foremost.
