Review on DigitalNote by Thalhat Tee
Digital note- privacy security
Work (PoW) and Proof-of-Stake (PoS) consensuses. This allows PoW mining through an ASIC-resistant system that gives miners fair chances to validate blocks and get rewards. At the same time, the blockchain also promotes a reward system powered by the PoS algorithm.
Nobody owns or controls DigitalNote. Its founders disappeared in 2017, leaving the management of the blockchain to a community team. It uses peer-to-peer technology to maintain the network without any central authority to manage operations.
The CryptoNote protocol incorporates the CryptoNight algorithm. This algorithm ensures anonymity using ring signatures and stealth addresses. At the same time, it also works as a barrier against ASIC miners. Thanks to this protocol, users can’t abuse the system, making DigitalNote a genuinely decentralised network.
The hybrid algorithm also protects DigitalNote XDN against 51% attacks and the system incorporates VRX v3.0, an algorithm that keeps a balance between PoS and PoW, making attacks even less likely.
How DigitalNote XDN works
DigitalNote’s messaging system uses encryption to make communication between users simple but effective. Thanks to a peer-to-peer protocol, messages and transactions are encrypted. Only the recipient has the key to decrypt them.
The platform enables untraceable transactions and encrypted messaging to provide users with complete privacy.
Developers also plan to incorporate a self-destruct feature. This way, the network will delete the messages of both the recipient and the sender. It’s a way to ensure anonymity by allowing users to leave no trace on the blockchain.
The primary purpose of DigitalNote XDN is protecting the privacy of its users. The CryptoNote system enables them to hide transactions from outsiders and limits access to the blockchain from third parties.DigitalNote XDN is known for its features that enable users to make transactions in total privacy. Its anonymous technology is the result of implementing the CryptoNote protocol. It uses a unique encrypted messaging system that makes all moves on the DigitalNote blockchain untraceable.
Pros
- it is good for data privacy
Cons
- it is not easily operated
