This article will cover the special features of the XDN coin and provide a technical analysis of the currency on CoinMarketCap.com . Information will be provided on how and where you can buy XDN coins . Our technical analysis will be based on weekly candlestick charts . Investors will be able to use our weekly assessments, where they will have the opportunity to manage their portfolios according to opportunities And risks .
What is DigitalNote? What does XDN do?
DigitalNote (XDN) coin made its debut in the market on May 30, 2014, initially known as duckNote. It originated as a fork from the Bytecoin platform and underwent a name change to DarkNote in September 2014. Subsequently, it was renamed DigitalNote in June 2015. XDN was launched fairly without any pre-mined blocks or initial coin offerings (ICOs) .
This fair launch approach ensures that no single node developer holds an unfair amount of cryptocurrencies within the network . The primary goal behind creating XDN was to enhance various protocols within blockchain technology taking inspiration from BTC and aiming to provide enhanced security measures, promote fairness among participants, and ensure true anonymity .
Overall, DigitalNote (XDN) coin strives to contribute advancements to blockchain technology while emphasizing security , fairness, and privacy for its users .
What are the features of DigitalNote?
The PoS/PoW approach in XDN promotes fairness within the network by preventing miners from gaining excessive control. It also addresses environmental concerns by reducing resource consumption and power usage in the blockchain network .
XDN implements an ASIC-resistant blockchain through its developed algorithm, ensuring that ASIC miners cannot unfairly increase their power or monopolize the blockchain . This creates a level playing field for GPU and CPU miners to have a fair chance at mining the most blocks .
Privacy protection is prioritized in the XDN blockchain using CryptoNote technology . The transaction details, including sender and receiver addresses, as well as transaction values, remain hidden on the public blockchain . This is achieved through controlled merging of transactions utilizing CryptoNote protocols .
Encrypted messaging capabilities are enabled in XDN, providing users with a secure and decentralized peer-to-peer messaging system . Only the sender and intended recipient can decode these messages when encountered within a block during transaction processing—eliminating the need for prior key exchanges .
Additionally , XDN offers encrypted transaction comments as a unique feature where users can attach messages securely to transactions . These comments are broadcasted to the blockchain while maintaining address obfuscation, ensuring comment senders cannot be identified by individuals browsing the public ledger . However, it does not allow users to bypass censorship measures .
With its maximum supply limit of 8.59 billion XDN tokens, block time of just 4 minutes, and block rewards set at 150 XDN per block, DigitalNote Blockchain provides a fast and efficient network that remains future-proof . Regular updates from developers ensure that it stays up-to-date with evolving technologies within the industry
How to buy XDN?
XDN purchases; Bittrex buys on multiple exchanges such as Upbit and Altex. It can also be exchanged. XDN can be mined using CPU or GPU mining system. The nature of the DigitalNote algorithm makes it ASIC resistant. Users can also join mining pools like FairHash or SuperPools to increase their mining participation.
DigitalNote (XDN) Coin Technical Analysis
XDN coin , which entered a downtrend from its high level of $ 0.020 in May 2021, bounced off the support level of $ 0.000020 twice in August and September 2021. XDN coin, which has been in a downtrend since then , tested the strong support level of $ 0.000020 last week. A strong upward movement came from the support area and saw the level of $0.000049 with a 150% rise, but the falling trendline became resistance and could not break. For XDN coin, which has an instant price of $0.000042, the support point is $0.0000020. The resistance point is $0.000043.
The following post does not provide any particular suggestions or investment advice . Prior to reaching a conclusion , readers should conduct their research, as every trading and investment decision carries inherent risks .