Review on DigitalNote by Jesmin Akter

With the exception of Bitcoin, DigitalNote is one of the few cryptocurrencies that use a hybrid consensus mechanism that combines both proof-of-work (PoW) and proof-of-stake (PoS). Fairness in the network is improved as a result of the exclusion of the vast majority of mining power from mining a substantial portion of the network, as well as the reduction of blockchain network resources and power consumption, which results in a less detrimental effect on the environment. The XDN blockchain is immune to the main problem that most Proof of Work (PoW) currency instances are plagued with, which is a greater-than-50 percent monopolization of the network by ASIC miners, who are responsible for mining the vast majority of the coins. In addition, XDN, which is based on the new and improved Cryptonight algorithm, is resistant to ASICs, allowing GPU and CPU miners to compete on an equal footing.



In addition to providing a substantial increase in security as a result of the original code, the LWMA-2 difficulty adjustment technique also makes it more difficult for adversaries to exploit the network via hash or timestamp attacks. According to the algorithm's creator, this is the best technique to utilize for micro-sized coins since it has the fastest response time while yet maintaining the necessary degree of stability. True anonymity is guaranteed by the XDN network, making it one of the few blockchains that can give this level of protection. Also available are private messages and comments that are fully encrypted, completely anonymous, and linked to a specific IP address in order to protect the privacy of users. Rather of having everything recorded on the public blockchain, as is the case with most other cryptocurrencies, transactions and their associated addresses are maintained on a private blockchain in Bitcoin. These addresses are accessible to anybody who has access to the blockchain and can read it.



XDN has state-of-the-art features, such as the use of CryptoNote technology and a fully private and anonymous messaging system, that improve user privacy and enable entirely anonymous transactions.



In light of the unique characteristics that XDN provides, such as fully anonymous transactions and encrypted communications, it's conceivable that more people will turn to XDN, which may lead to an increase in the cost of transactions. Investors should do more study on XDN since cryptocurrencies are inherently volatile; nevertheless, the continuous development and unique features of XDN indicate that they should do so.