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Question: Before PoA, do we need merged mining?
Merged mining is a good idea
We do not need merged mining
We need only PoA
We need both merged mining and PoA

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Author Topic: [ANN] DigitalNote |XDN| - ICCO Announce - NEWS  (Read 433451 times)
Apriand
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October 19, 2016, 10:36:45 AM
 #1301

Price back to 33 sats now. Any chance price will going up again? or may be will down more and back to 20 sats? i'll put buy order below 30 sats then.
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October 19, 2016, 12:35:33 PM
 #1302

@Dev

I sent a message to you; please check it out.

Thanks


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dNote
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October 19, 2016, 01:17:25 PM
 #1303

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

DigitalNote XDN website http://digitalnote.org
XDN 1st blockchain deposits with interest & instant untraceable crypto messages GUI https://github.com/xdn-project/digitalnotewallet/releases
Bitcointalk topic https://bitcointalk.org/index.php?topic=1082745.new#new
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October 19, 2016, 01:36:40 PM
 #1304

thanks for info
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October 19, 2016, 04:19:53 PM
 #1305

Very interesting information indeed! I have good feeling about this coin.

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October 19, 2016, 04:21:44 PM
 #1306

prepare to take off so  Grin Grin Grin

Good news dev:)
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October 19, 2016, 04:22:59 PM
 #1307

Very interesting information indeed! I have good feeling about this coin.
probably price will increase , if xmr+xdn dual mine, xmr has big hasrate, so xdn hasrate will skyrocket, so price need to go up
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October 19, 2016, 04:26:01 PM
 #1308

prepare to take off so  Grin Grin Grin

Good news dev:)

take off is still some where, whales are prepared but didnt start, they are busy pumping PINKy and Co), i think tonight is time 50-100, then 60-70 new accumulation till update
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October 19, 2016, 04:46:00 PM
 #1309

Very interesting information indeed! I have good feeling about this coin.
probably price will increase , if xmr+xdn dual mine, xmr has big hasrate, so xdn hasrate will skyrocket, so price need to go up

Exactly. First market signs already here, but polo has trouble with wallets that needs to be fixed. I am fully confident.

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October 19, 2016, 05:00:27 PM
 #1310

Very interesting information indeed! I have good feeling about this coin.
probably price will increase , if xmr+xdn dual mine, xmr has big hasrate, so xdn hasrate will skyrocket, so price need to go up

Exactly. First market signs already here, but polo has trouble with wallets that needs to be fixed. I am fully confident.

can we discuss how far price can go?) x10 in 3 weeks? i would be happy, actually if xdn will be accepted by xmr whales, we could see a big price increase, also need to program dual miner for it, how do you think ride the waves? or sit on chair tight)
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October 19, 2016, 05:26:03 PM
 #1311

maybe they wait until update of xdn, so they dont put on maintace again all dep/with, waiting to do it once? i am not programer, just thoughts
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October 19, 2016, 05:29:30 PM
 #1312

Very interesting information indeed! I have good feeling about this coin.
probably price will increase , if xmr+xdn dual mine, xmr has big hasrate, so xdn hasrate will skyrocket, so price need to go up

Exactly. First market signs already here, but polo has trouble with wallets that needs to be fixed. I am fully confident.

can we discuss how far price can go?) x10 in 3 weeks? i would be happy, actually if xdn will be accepted by xmr whales, we could see a big price increase, also need to program dual miner for it, how do you think ride the waves? or sit on chair tight)

I think tonight 50-60, tomorrow 80-100 and then floating around that. I dunno what will happen when it'll be actually implemented, probably a large spike.

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October 19, 2016, 05:38:14 PM
 #1313

Very interesting information indeed! I have good feeling about this coin.
probably price will increase , if xmr+xdn dual mine, xmr has big hasrate, so xdn hasrate will skyrocket, so price need to go up

Exactly. First market signs already here, but polo has trouble with wallets that needs to be fixed. I am fully confident.

can we discuss how far price can go?) x10 in 3 weeks? i would be happy, actually if xdn will be accepted by xmr whales, we could see a big price increase, also need to program dual miner for it, how do you think ride the waves? or sit on chair tight)

I think tonight 50-60, tomorrow 80-100 and then floating around that. I dunno what will happen when it'll be actually implemented, probably a large spike.

Definitely great update from dev. I think we'll see ~100sats before the end of the week. And probably lots more when merged mining update will come out.

And I'm sure that PoA implementation will take the price to 300+ sats Roll Eyes

https://stealth.org/ Quantum Proof-of-Stake (qPoS)
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October 19, 2016, 06:15:49 PM
 #1314

To be clear we will keep the old FCN blockchain, will start new repo and will develop FCN side-by-side with XDN.

DigitalNote XDN website http://digitalnote.org
XDN 1st blockchain deposits with interest & instant untraceable crypto messages GUI https://github.com/xdn-project/digitalnotewallet/releases
Bitcointalk topic https://bitcointalk.org/index.php?topic=1082745.new#new
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October 19, 2016, 06:24:12 PM
 #1315

To be clear we will keep the old FCN blockchain, will start new repo and will develop FCN side-by-side with XDN.

How about a good old Twitter update? Love your work by the way.
https://twitter.com/digitalnote_xdn

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October 19, 2016, 06:39:56 PM
 #1316

How will you convince all those monero miners to switch to merge mining monero+xnd?

With the 0.03BTC worth of daily emission?

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October 19, 2016, 06:48:32 PM
 #1317

How will you convince all those monero miners to switch to merge mining monero+xnd?

With the 0.03BTC worth of daily emission?

Because it is free for them. They will have a deal:
to help XDN with no cost for them and to receive few satoshi every 4 min OR not to do that and not receive few satoshi every 4 min  Grin

DigitalNote XDN website http://digitalnote.org
XDN 1st blockchain deposits with interest & instant untraceable crypto messages GUI https://github.com/xdn-project/digitalnotewallet/releases
Bitcointalk topic https://bitcointalk.org/index.php?topic=1082745.new#new
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October 19, 2016, 07:18:35 PM
 #1318

How will you convince all those monero miners to switch to merge mining monero+xnd?

With the 0.03BTC worth of daily emission?

Because it is free for them. They will have a deal:
to help XDN with no cost for them and to receive few satoshi every 4 min OR not to do that and not receive few satoshi every 4 min  Grin

but if price of xdn increase 1000 times, they will recive 30 btc per day?
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October 19, 2016, 08:02:54 PM
 #1319

How will you convince all those monero miners to switch to merge mining monero+xnd?

With the 0.03BTC worth of daily emission?

Because it is free for them. They will have a deal:
to help XDN with no cost for them and to receive few satoshi every 4 min OR not to do that and not receive few satoshi every 4 min  Grin

but if price of xdn increase 1000 times, they will recive 30 btc per day?

what?


---[]
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October 19, 2016, 08:08:53 PM
 #1320

How will you convince all those monero miners to switch to merge mining monero+xnd?

With the 0.03BTC worth of daily emission?

Because it is free for them. They will have a deal:
to help XDN with no cost for them and to receive few satoshi every 4 min OR not to do that and not receive few satoshi every 4 min  Grin

but if price of xdn increase 1000 times, they will recive 30 btc per day?

2 billion dollar marketcap? Yeah, right.

This was just meant as a heads up. DigitalNote's hashrate won't automagically be the same as XMR's, when this gets released.

I wish you all good luck, just be careful not to be left holding the bag.

Anyways, I am genuinely interested in seeing how the hashrate will evolve with this update.

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