If you want to sign blocks with PoS and get reward for it (150 XDN reward for PoS block) you should:
1. Make XDN deposit ("lock" some XDN) 2. Stay online with your wallet with deposited XDN 3. Profit! Now you have a chance to sign new block and get 150 XDN reward for it (in addition to deposits interest) I will deposit some of XDN on monday. Tell me does reward increases if, for example I deposit 20.000 XDN? What is approx time needed for this to take effect? Those are great news I can tell you. Just keep up the good work. PoA is not implemented yet, but you can use deposits. Min. amount of XDN to "lock" on deposits = 150 XDN Min time to "lock" = 11000 blocks (~1 month) Deposits interest rate depends only on "lock" time. (~0.4%-1.03% annual) E.G. With 150 XDN deposit and 11000 blocks "lock" time annual interest rate ~ 0.4% and you will receive 150XDN + 0.05 XDN after "unlock". With 150 XDN deposit and 110000 blocks "lock" time annual interest rate ~ 1.03% and you will receive 150XDN + 1.2875 XDN after "unlock". But when PoA will be implemented you will have a higher chance to sign new PoS blocks so higher chance to get more rewards. New PoA block rewards will have the same reward rate as PoW blocks = 150XDN. New PoS blocks will almost immediately follow PoW blocks, so we will have about 4 min between PoS blocks, so every PoS online stake holder will have a chance to get 150 XDN block reward every 4 min for signing PoS block.
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My wallet left open overnight did not sync... its the windows beta one
Try to restart it few times with 2-3 min running.
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really. why should xdn be more secure than https://ricochet.im?and unfortunately still not synching. 1. Even the fact of message sending is unknown with XDN 2. Strongest encryption. Only recipient can decrypt his message with his private key (by the way we will introduce new encryption option in next XDN releases to provide crypto "channels" interface.) 3. Messages route is unknown 4. Messages are stored in blockchain so recipient can decrypt it and read it after ages 5. You can send "tokens of value" with your messages ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Secure, Private, Untraceable, Ready for long term information storage, And yes, its Instant. ABout Sync issue: We have a minor issue with DNS resolve, we will solve it ASAP It would be good if you will try not to keep it running, but restart it and wait for about 2-3 min, try to make it few times, it may help.
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this coin is proof of stake?
XDN is a proof of work coin. After digitalnote stage we have XDN blockchain deposits (banking). You can "lock" your XDN and get it back with interest after "unlock". E.G. With DigitalNote wallet you can "lock" 100 000 XDN for the period of 22000 blocks (~2 month) and get 100000.00000000 XDN + 125.00000000 XDN after unlock. When PoA will be implemented deposits will act as a PoS part. XDN deposits is the very first step before PoA. PoA will be introduced after everything will be done and well tested. That will be a major event and XDN will become the most secure blockchain in the entire World. does the deposits system work ok? should we fully trust the beta wallet? how long does it take to sync? how will pos work. sorry for big amounts of questions but this is really interesting. my wallet seems stuck at 1/1 synchonising allowed through the firewall Deposit system works ok. You can "lock" and withdraw deposits. Current XDN Network deposits stats: Block height: 242248 Block difficulty: 2895149 Total coins in network: 6858236408.61414663 Total coins on deposits: 172530049.52519974 (2.51566203%) Amount of active coins: 6685706359.08894689 (97.48433796%) Total interest paid: 507642.96357385 You can trust DigitalNote beta wallet, it works fine, but may have some minor issues. Sync is pretty fast, depends on your connection it may take up to few hours, but any way XDN is the most space efficient CryptoNote cryptocurrency with fast Sync, because of unique small block size and no dust in blockchain (unlike any other CryptoNote cryptocurrency). PoS will be based on XDN deposits. If you want to sign blocks with PoS and get reward for it (150 XDN reward for PoS block) you should: 1. Make XDN deposit ("lock" some XDN) 2. Stay online with your wallet with deposited XDN 3. Profit! Now you have a chance to sign new block and get 150 XDN reward for it (in addition to deposits interest)
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"%*ç*%*ç*ç* i just tried to show xdn-messages to a friend of mine while. but wallet does not synch. 1/1so we switched to https://ricochet.imthis is really sad. Seed nodes will be good this week. P.S. You can tell your friend that XDN is much more secure than anything he can find in terms of sensitive information transfer / storing. P.S.S. Please try it again it should be good now. Thank you, we found some bug with DNS seed nodes, will fix it soon in next version.
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this coin is proof of stake?
XDN is a proof of work coin. After digitalnote stage we have XDN blockchain deposits (banking). You can "lock" your XDN and get it back with interest after "unlock". E.G. With DigitalNote wallet you can "lock" 100 000 XDN for the period of 22000 blocks (~2 month) and get 100000.00000000 XDN + 125.00000000 XDN after unlock. When PoA will be implemented deposits will act as a PoS part. XDN deposits is the very first step before PoA. PoA will be introduced after everything will be done and well tested. That will be a major event and XDN will become the most secure blockchain in the entire World.
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Nice picture dev, i would like to ask you what will happen when the 8 589 869 056 XDN will be mined? will the pow stop, or the miners simply get the fees like reward? do we know when it will happen?, thank you in advance and very happy to see how well are you and the community are doing with this coin
Fees for rewards is an option, but we are making a self regulated system. Later we are planning to announce a "money burning" feature, or we can call it XDN recycling. Imagine, about 1/2 of any fee will be burned, so it can be mined again. Or you can pay directly to blockchain for some blockchain services and this funds will be burned as well.
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do we have a slack channel? ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Not yet, but probably community should start it.
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Latest DigitalNote XDN network stats (with print_stat daemon command)
Block height: 238713 Block difficulty: 3450953 Total coins in network: 6857659028.46460352 Total coins on deposits: 179446451.83519974 (2.61673044%) Amount of active coins: 6678212576.62940378 (97.38326955%) Total interest paid: 460427.55687958
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XDN RPC API with full deposits and messages support is almost done and this month we will update it. After you will see services because it will be based on new API. Also we are working on PoA, process is deep. but when done, XDN will be very secure against attacks and will be even more decentralized.
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Hello, Please, try backup - import private key, resync your wallet and try with deposits again.
Hi, i am very glad XDN is resilient and also active in geek products. can you elaborate more details about frog lab project? lots of geeks are dealing with XDN, for sure. Lots of geek products will be build around XDN blockchain, as well as non geek products. Lots of geeks are here from the very first XDN block. Lots of new faces. To know more about frog and its projects you should better look here http://www.frogdesign.com/about.htmlThis is a very good article about XDN blockchain use. You should read it from the very beginning. Article Link.
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Hello all - I am running DigitalNote 1.0.5-beta. I was able to spend the very first deposit I made at unlock height 197665. Since then, every deposit has been unlocked once the deposit term was completed but I am unable to spend (withdraw or reinvest) these unlocked deposits. Is this an error anyone else has encountered and is there a fix for this problem? Thanks in advance ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Hello, Please, try backup - import private key, resync your wallet and try with deposits again.
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can not sync ,why
2016-Mar-25 16:44:52.377038 ERROR [node_server] Failed to connect to any of seed peers, continuing without seeds 2016-Mar-25 16:45:02.488462 ERROR [node_server] Failed to connect to any of seed peers, continuing without seeds 2016-Mar-25 16:45:14.573908 ERROR [node_server] Failed to connect to any of seed peers, continuing without seeds 2016-Mar-25 16:45:22.161134 ERROR [node_server] Failed to connect to any of seed peers, continuing without seeds 2016-Mar-25 16:45:31.652954 ERROR [node_server] Failed to connect to any of seed peers, continuing without seeds 2016-Mar-25 16:45:44.198279 ERROR [node_server] Failed to connect to any of seed peers, continuing without seeds 2016-Mar-25 16:45:53.153778 ERROR [node_server] Failed to connect to any of seed peers, continuing without seeds 2016-Mar-25 16:46:02.527999 ERROR [node_server] Failed to connect to any of seed peers, continuing without seeds
Some problems with seed nodes.
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How long until PoA is ready?
How long until PoA is ready?
i don`t want to give unclear, misleading answers about PoA. Process is very deep. I can`t tell you the time now, but, as usual, it can appear suddenly. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Any way PoA has a PoW element and XDN has a very low PoW hashrate now, we should solve that problem before anything. Every elements of XDN puzzle should perfectly lay on its place.
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i stopped mining because the price is too low. if the price would rise to 50 sats i would mine again.
But do you mine some other CryptoNote?
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