[ANN] DigitalNote |XDN| - ICCO Announce - NEWS

[dNote]

Re: ring CT, I'm not sure you can just extrapolate in that manner, since ring CT will allow inputs of different sizes to be used, input amounts don't have to be exactly the same, you can make larger transactions with fewer inputs:
http://monero.stackexchange.com/questions/211/how-much-larger-are-monero-transactions-compared-to-the-average-bitcoin-transact/212

Also, Monero is moving to dynamic fees on next hardfork, so the 0.01 XMR/KB isn't really all that relevant.

the xmr fee was lowered to 0.002XMR/Kb a long time ago, too me it appears that Dnote is a bit desperate over his failing coin. No XDN is not a threat to xmr, dash, SDC and new upcoming solutions is(not sure if zcash is good for anything except shorting though).

Talking about size-cost, the actual number of xmr per kb is not that important. xmr fee is expensive, historically more expensive than bitcoin. Again, I am talking about the size that will eventually cause the high fee problem or network will be just flooded.

12kb for ringct, twelve!

[eeX]

Thanks, will update FCN and XDN daemons ASAP.

[adolf512]

Talking about size-cost, the actual number of xmr per kb is not that important. xmr fee is expensive, historically more expensive than bitcoin. Again, I am talking about the size that will eventually cause the high fee problem or network will be just flooded.

12kb for ringct, twelve!

If that's true it's really bad news for monero, XDN also have scalability issues from what i yave understood. XDN also have too long transaction time, unless you come up with a solution for this XDN will not go anywhere, Dash allows instant(15 seconds) transactions via the masternodes.

Some other people are claiming the xmr transaction size will not increase much with ringct, i wasn't able to find any good information about this though. I wanted to short XMR but it's a bit risky during a btc bubble.

The XDN price his surprisngly high considering the delisting and btc rally, hm..

[dNote]

Talking about size-cost, the actual number of xmr per kb is not that important. xmr fee is expensive, historically more expensive than bitcoin. Again, I am talking about the size that will eventually cause the high fee problem or network will be just flooded.

12kb for ringct, twelve!

If that's true it's really bad news for monero, XDN also have scalability issues from what i yave understood. XDN also have too long transaction time, unless you come up with a solution for this XDN will not go anywhere, Dash allows instant(15 seconds) transactions via the masternodes.

Some other people are claiming the xmr transaction size will not increase much with ringct, i wasn't able to find any good information about this though. I wanted to short XMR but it's a bit risky during a btc bubble.

The XDN price his surprisngly high considering the delisting and btc rally, hm..

XDN is perfectly scalable like any other Cryptonote, much better than Bitcoin. All limits are adaptive. There was a minor problem with some rare ultra big sized transactions, now we are updated and this issue is solved. 4 min is a good block target time to keep blockchain size comparatively small. Remember, XDN transactions are instant, XDN transaction notifications are instant too, 4 min is a confirmation time and if you will look at the actual blockchains - xdn and xmr block time is pretty the same ~ 3 min. Masternodes = centralisation, nothing to talk about.

[adolf512]

XDN is perfectly scalable like any other Cryptonote, much better than Bitcoin. All limits are adaptive. There was a minor problem with some rare ultra big sized transactions, now we are updated and this issue is solved. 4 min is a good block target time to keep blockchain size comparatively small. Remember, XDN transactions are instant, XDN transaction notifications are instant too, 4 min is a confirmation time and if you will look at the actual blockchains - xdn and xmr block time is pretty the same ~ 3 min. Masternodes = centralisation, nothing to talk about.

i have to correct you,
Dash instantX transaction time is not 15 seconds, it's 1.3 seconds or 1300 milliseconds.

I do not think a cryptocurrency can remain truly decentralized, look at how centralized bitcoin mining has become. A transaction time of 1.3 seconds is truly impressive and this is much more important than anonymity, this is from a guy that made a total of 0.5btc shorting dash. BTC is practically controlled by a few mining farms but it works, the banking system also works OK (i can do free sepa transfers to the entire Europe, unfortunately there is 1...2 business day delay).

Not even criminals use XMR and other anonymous currencies much, xmr was only added to pump the coin to ridiculous levels allowing shorters and holders to get rich at expense of the fanboys/idiots. N-rG did some research about xmr and discovered that hardly anyone actually used the coin on DNM, he still bought xmr at 0.0058 (amazing knife-catching) and doubled his btc(he previously made a huge profit shorting it).

I do not really like any current cryptocurrency but i find dash, etc/eth, monero, digitalnote and sdc to be interesting, innovative in different ways.

[gianni sperti]

We will have 3 announcements these days. While the first one is pretty minor, the second one will be huge and the third one ... you will see.

1 2 3

Now we are starting with the first one. Very very minor compared to the second and third one.


1
You can find an updated XDN and FCN source code on github, this is a hardfork for XDN and major update for FCN.
https://github.com/xdn-project/digitalnote/commit/6f53611c3e635e31f33ec0b7ab8dc90263edc214
https://github.com/xdn-project/fantomcoin/commit/4dff0f5efe7e911b6aed494ee56410b3b3a142e5

First, we are updating our Proof of work mining to be compatible with all XMR versions. You will be able to keep XDN+XMR and FCN+XMR merged mining even after the Monero ringct.


A Brief statement about ringct: In short - it will ruin xmr, without a doubt, it is a big deadly mistake and you will recognize it on a long run or maybe even faster this year. It is not only odds with the ideas of CryptoNote, but odds with the ideas of cryptocurrencies. One of the cornerstones of everything here is a cheap worldwide transaction. . XMR transactions are not cheap now and will be dirty expensive after the ringct. xmr fee is 0.01 per kb. ringct will add at least +12kb to every ringct transaction. Not talking about mixin, actual tx size, etc. At least 12kb for every ringct transaction will make xmr way tooo expensive and will make xmr blockchain looks like a scrapyard after a short period of time. If you will look at current xmr transactions you will find the average size of ~ 1kb. ring ct will make it at least 12 times higher. This is insane and shows the total misunderstanding of the basic cryptocurrencies principles. FYI Bitcoin tx is like 0.4kb, xdn tx is like 1kb and xmr ringct will be >12kb. I (personally) should warn you about the danger situation with xmr, with their ongoing pump, etc. Make your research, make your decidions.

XDN and FCN will not use ringct but will be fully compatible with XMR mining after this update.
Please, update your XDN and FCN before the 6-7th Jan.

Repeating our position regarding Poloniex: We are glad that Poloniex will delist XDN, we are unhappy that XDN users may suffer from the Poloniex scam actions. We are warning you:
NEVER USE POLONIEX FOR ANY XDN-PROJECT TRADES. MOVE YOUR COINS FROM THERE ASAP.

You can use the other exchanges for XDN and FCN: https://hitbtc.com/exchange/XDN-to-BTC
                                                                              https://hitbtc.com/exchange/FCN-to-BTC
                                                                              https://bittrex.com/Market/Index?MarketName=BTC-XDN



Another thing in a new update is a default block size. We are increasing it to 200kb to avoid ANY unconfirmed transactions. It was not the reason of delisting because XDN unconfirmed transactions were a pretty rare thing and it can be solved with just one command by Poloniex: reset. Polo can tell whatever they want, we have no doubt - delisting is a scam alike action caused by fear, repeat, there were NO technical or any other reasons to delist XDN. You can read more about Poloniex delisting scam here:
https://bitcointalk.org/index.php?topic=1082745.msg17237093#msg17237093   

We are glad, soon we will be out of untrusted Polo and will start a new chapter ...

Wait for 2 and 3

To be continued ...

Is PoA (Proof of Activity)in the 2nd or 3rd announcement?

[natall.com]

I just increased my bagholdings of this coin(7 satoshi@poloniex after they confirmed i would be able to withdraw later) to
880742.58470499 XDN, i might buy some at the other exchanges too later. I am doing this just for fun now, if it goes down i will just start investing more seriously.

I might short xmr to get some more gambling money, i for some reason tend to do better with shorts than longs, not sure why.

[smooth]

Also, Monero is moving to dynamic fees on next hardfork, so the 0.01 XMR/KB isn't really all that relevant.

Nor is it correct. The default fee was reduced to 0.002 a while back. Just look at any recent block with a bunch of transactions and you will see many <0.01 fee (some still pay higher because of unupgraded wallets).

[gianni sperti]

Talking about size-cost, the actual number of xmr per kb is not that important. xmr fee is expensive, historically more expensive than bitcoin. Again, I am talking about the size that will eventually cause the high fee problem or network will be just flooded.

12kb for ringct, twelve!

If that's true it's really bad news for monero, XDN also have scalability issues from what i yave understood. XDN also have too long transaction time, unless you come up with a solution for this XDN will not go anywhere, Dash allows instant(15 seconds) transactions via the masternodes.

Some other people are claiming the xmr transaction size will not increase much with ringct, i wasn't able to find any good information about this though. I wanted to short XMR but it's a bit risky during a btc bubble.

The XDN price his surprisngly high considering the delisting and btc rally, hm..

When I use XDN wallet to send or receive money the confirmation has always been longer than 4 mins. Averagely 20-25 mins.

XDN is perfectly scalable like any other Cryptonote, much better than Bitcoin. All limits are adaptive. There was a minor problem with some rare ultra big sized transactions, now we are updated and this issue is solved. 4 min is a good block target time to keep blockchain size comparatively small. Remember, XDN transactions are instant, XDN transaction notifications are instant too, 4 min is a confirmation time and if you will look at the actual blockchains - xdn and xmr block time is pretty the same ~ 3 min. Masternodes = centralisation, nothing to talk about.

[gianni sperti]

Talking about size-cost, the actual number of xmr per kb is not that important. xmr fee is expensive, historically more expensive than bitcoin. Again, I am talking about the size that will eventually cause the high fee problem or network will be just flooded.

12kb for ringct, twelve!

If that's true it's really bad news for monero, XDN also have scalability issues from what i yave understood. XDN also have too long transaction time, unless you come up with a solution for this XDN will not go anywhere, Dash allows instant(15 seconds) transactions via the masternodes.

Some other people are claiming the xmr transaction size will not increase much with ringct, i wasn't able to find any good information about this though. I wanted to short XMR but it's a bit risky during a btc bubble.

The XDN price his surprisngly high considering the delisting and btc rally, hm..

XDN is perfectly scalable like any other Cryptonote, much better than Bitcoin. All limits are adaptive. There was a minor problem with some rare ultra big sized transactions, now we are updated and this issue is solved. 4 min is a good block target time to keep blockchain size comparatively small. Remember, XDN transactions are instant, XDN transaction notifications are instant too, 4 min is a confirmation time and if you will look at the actual blockchains - xdn and xmr block time is pretty the same ~ 3 min. Masternodes = centralisation, nothing to talk about.

Sorry, I have to repost 'cause I made a mistake.

When I use XDN wallet to send or receive money the confirmation has always been longer than 4 mins. Averagely 20-25 mins. 

[kamikaza]

Thanks, will update FCN and XDN daemons ASAP.

will you also lower the withdraw fee of monero on minergate?

[dNote]

When I use XDN wallet to send or receive money the confirmation has always been longer than 4 mins. Averagely 20-25 mins. 

One XDN confirmation is about 4 min, you can verify with any blockchain explorer. You usually need 6 confirmations by services (you can do 1 if you want if you are a service), so 4*6 is 24min. But the 1 confirmation time is ~4 min in xdn and ~2min in xmr.

@smooth glad to see you here

[eeX]

dNote,

We are waiting!!!

[dNote]

dNote,

We are waiting!!!

I am glad but instead of just waiting you can contribute ...

[eeX]

What do you mean exactly?

[dNote]

What do you mean exactly?

I mean be creative and don't waste your time on waiting. Like spread the info about XDN, tell your friend about it. Make some XDN related art, write some XDN story, etc.

[Grunsen]

dNote,

We are waiting!!!

Waiting on price or announcement?  

[dNote]

2

We will make XDN be a real financial instrument this year, implementing SWIFT messages types

In fact, XDN onchain messages is the very powerful tool for secure and private information transfer.
As you may know, there is a worldwide system called SWIFT (Society for Worldwide Interbank Financial Telecommunication). It provides a network to allow financial and non-financial institutions (e.g. corporates) to transfer financial transactions through a 'financial message'.
The majority of international interbank messages use the SWIFT network. DigitalNote will implement the SWIFT messages types on blockchain to be compatible with the existing SWIFT software.

We will make XDN be a leading social decentralized encrypted messages platform,

implementing desktop, web and mobile messages apps with the instant, free out-of-chain messages protected by proof-of-work and empowering the XDN blockchain.
Private, instant and decentralized information transfer is a global issue. The last US President election exposed that problem.
We are going to try to change the things and to solve that issue. We will introduce an absolutely new instant, free, out-of-chain messages that will empower XDN security. You will need to perform some proof-of-work to send a message for free (with no XDN fee). This message proof-of-work will be "added" to the global XDN proof-of-work securing the network. XDN will empower its financial instruments by social communication and will try to implement the real "people's money"

[eeX]

The good news, just a news.

[natall.com]

Nice news, just increased my bagholdings to 1534789.84403706 XDN, 7 satoshi is a nice price

Only buying on poloniex was a mistake, it does pretty well on hitbtc and bittrex now. I only invested 105€ this time, i just didn't feel like gambling too much now.