DigitalNote

Halal Rating :
Questionable
Last Price $0.000028 Last updated:
Rank 8728
1D Change -0.96 %
Market Cap -
Circulating supply 0
Maximum supply 10,000,000,000
Crypto Overview Rating Justification Member Vote Comments

Crypto Overview

Categories
  • Mineable
  • Hybrid - PoW & PoS
  • PoW
  • Multiple algorithms
  • Medium of Exchange
  • Interoperability
  • Masternodes
  • Payments
  • Staking
  • BNB Chain Ecosystem

Overview

DigitalNote (XDN) was created as a privacy-focused cryptocurrency that aimed to combine encrypted messaging features with blockchain technology. The project started in 2014 under a different name (duckNote) and later rebranded.

Purpose and Utility

The intended purpose of DigitalNote was to provide secure, private financial transactions along with encrypted messaging capabilities. It implemented a hybrid Proof-of-Work and Proof-of-Stake consensus mechanism.

Current Status

As of 2024, the project appears to be inactive. The official website is no longer accessible, development activity has ceased, and there is minimal to no community engagement. Trading volumes are extremely low across the few exchanges that still list it.

Platform and Development

The project's GitHub repository shows no recent commits or meaningful development activity. The ecosystem appears to be largely abandoned, with no active development team maintaining the protocol.

Rating Justification

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