Major update introduction (update will be released next week Oct, 24 - Oct, 30)
As you may know, the main concern we have is the network security. Low hashrate may lead to various attacks. That is why we are working on PoA (proof of activity), to make DigitalNote network the most secure crypto network ever! But, as you may know PoA consist of two elements and one is still CryptoNight proof of work. The second one is the new PoA block.
PoA = 2 blocks "working together": PoW+"Block-from-deposits".
So with PoA we still need a strong PoW element to make it really secure.
At the same time, while PoW is a great way to secure, it is also the great way to waste energy. But we want to be environment-friendly and secure at the same time.
As you may know Monero, is the CryptoNote network with the highest hashrate - about 30 MH/s now. That is huge, but, imagine, how much energy it uses. Lots of energy. Really lots of energy. Why not use it in different ways, not just for securing Monero network?
This summer we were working on merged mining - XDN+XMR.
"Merged mining" is the process of allowing two different crypto currencies based on the same algorithm to be mined simultaneously.
XMR and XDN have the same ASIC resistant CryptoNight algo, and we will use XMR hashrate to improve XDN network and will improve energy efficiency ratio for both XMR and XDN.
We will introduce XMR+XDN Merged mining. So users who are mining Monero will be able to mine XDN at the same time with the same computing power and receive both XMR and XDN block rewards.
Merged mining hardfork will be released next week Oct, 24 - Oct, 30. Get ready.
Surprise introduction (surprise will be released next week Oct, 24 - Oct, 30)
We were not working on merged mining from scratch. There is one CryptoNote coin that has already introduced Merged Mining, called FantomCoin. It was abandoned by developers, having great potential. We could not reach FantomCoin developers to speak about FantomCoin development and Merged mining. FantomCoin is totally abandoned. But it helped us to make XDN merged mining. We started our experiments with FantomCoin and had a great progress. Learned so much from it. We can't just close our eyes and keep going.
We have to pay for our knowledge.
FantomCoin is pretty much outdated, barely working and so on. We will breathe new life into it, it will be reborn under the XDN-project flag, will have network improvements, will have XMR+FCN merged mining, the new wallet, etc.
And we will keep FantomCoin development in future as well.
FantomCoin will remain the "classic" CryptoNote coin with merged mining, with no messages, deposits or PoA.
So our surprise is: we are becoming new FantomCoin developers.
P.S. XDN is our primary priority, we are working on PoA and hopefully, will introduce it in 2017. Before PoA introduction we should deal with improving XDN PoW hashrate to make the first PoA element strong enough.
P.P.S. Major update = merged mining XMR+XDN
Our surprise = FantomCoin rebirth under the XDN-project flag
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. It is still a long way for full potential . So hold on guys.
