Review on DigitalNote by Japheth Ayuba
Encrypted messaging service alongside peer-to-peer transaction
The DigitalNote project is a long shot project that has come to accomplish nothing other than it's fast and encrypted messaging service alongside peer-to-peer transaction all in a secured manner. The project took after the steps of Bitcoin's Satoshi Nakamoto as it's developers disappeared from the project in 2017 and leaving it's open source code for the community to work on it. DigitalNote with it's native coin XDN which has experienced exponential growth since it's first mining and issuing for sale as it currently has a 1,804.53% Return On Investment ROI on its current price. Ranking #737 due to its market Capitalization, the coin is traded on many major exchanges. It's a mineable coin through Proof of Work and Proof of Stake hybrid algorithm which makes a 51% attack virtually impossible on its Blockchain. With an exceptional use case for sending encrypted messages in a secure and fast manner, the project aims privacy just as what Crypto has come to accomplish. It's native token XDN is used to facilitate Peer-to-Peer transactions in a matter of seconds and this coin can be held on its native wallet called Simple which is accessible for PC's and offered for everyone through it's Web wallet of which the user is in control of his Private
Being primarily focused on fast transaction and sending encrypted messaging, it's use case is specific and so targeted at a smaller audience which means it's coin value cannot rise exponential enough for long time holders but is a good investment option for organisations
Pros
- The project uses a Proof of Work and Proof of Stake hybrid Blockchain of which a 51% attack is virtually impossible
- Wallet used to store the XDN is available for PC and as a Web wallet
- Encrypted message sending which offers privacy and security
- The project follows an active roadmap
Cons
- Token price and trading volume of the XDN coin is low
