DigitalNote XDN Update: Anti-ASIC Hardfork + Return of Merge Mining?

in digitalnote •  7 years ago  (edited)

xdnupdate.png

New Team √ New Dream √

After briefly passing .10 cents in January, DigitalNotes XDN hit a wall along with the market. Thankfully, DigitalNote's Official Transitional Statement was released on April 24th declaring ...

DigitalNote is under active development by veteran community members and skilled developers after the seeming disappearance of the old dev.

Anti-ASIC/Anti-Botnet Hardfork Planned for Block 668,946

The community has had enough of the ASICs.

I've merge-mined XDN+XMR for about 7mos and back in March of this year, before Monero XMR and other CryptoNote coins forked-off the ASICs and Botnets; I predicted that DigitalNote XDN difficulty would plummet at first, then spike to oblivion after the fork.

The initial fall was significant once merge mining was no longer available, XDN lost 90%+ of it's total hashrate. The ASICs took over almost overnight and It was documented here ...

Thanks to the new dev team, there's a plan of action and DigitalNote XDN will be hardforked ~June 25th!

XDN Hardfork Info from BitcoinTalk

IMPORTANT UPDATE (HARDFORK ON JUNE 25, 2018 @ ~12AM UTC, Fork Height 668,946):

  • Proof-of-work change to CryptoNightV1 (variant 1 also known as "monero7") to remain ASIC resistant
  • Difficulty adjustment algorithm has been updated to Zawy's LWMA to resist hash and timestamp attacks
  • Seed nodes updated to be operational (no more unresponsive seeds from old dev)
  • Block target reduced to 2 minutes
  • Difficulty is hardcoded to “reset” back to GPU levels for blocks immediately following the fork so that the network continues to work as intended and does not stall
  • Latest checkpoints and small Payment Gate bug fix

Major pools and exchanges have been notified in advance about the hardfork and the team will begin distributing the updated core in preparation for the fork. If there are any issues with major exchanges we will delay the fork date but as of now it is set tentatively for June 25th (or more accurately block height 668,946).

The newest wallet client will be available on our github and posted on this thread for our users before the fork date: https://github.com/DigitalNoteXDN/digitalnotewallet/releases

The Return of XDN+XMR Merge Mining?

The concept of merge mining XDN with Monero XMR (again) peaked my interest, so much so I had to ask a member of the dev team directly in the XDN Discord ... Screen Shot 2018-06-11 at 10.55.57 AM.png

XDN is no longer confined to Minergate, there are more XDN pools than ever, hopefully merge mining will be available soon after the hardfork.

New XDN Mining Pools

Tip: XMR-STAK-WIN64 is recommended by the XDN developers and personally, it's the ONLY CryptoNight mining software I use to avoid invalid shares.

Even FreeXDN.com, the DigitalNote XDN Faucet is Off

FreeXDN.com has turned-off the faucet until after the fork and...

Payments will resume after this date once our new wallet has synchronised. FreeXDN welcome this change and look forward to stability returning DigitalNote.

Reflection

Seems like everyone is tuning in at the right time; the fundamentals are there and the community is responding. No more XDN give-aways for me.!

For a more details, visit DigitalNote XDN on BitcoinTalk.


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hardfork = awesome!

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Actually, I believe in the future of XDN and how well it turns out. Right now, if you have some fiat, it's good time to bag up XDN.

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excelente post...

Thanks for the support!

Also this will help the hardfork to become a breeze because of the hashrate the monero has compared to the ETN fiasco where asic difficulty is to the moon. Hopefully devs will prioritize the merge mining and probably opensource the pool for that.

According to the devs merge mining will be available but it's up to the pools to enable it. Being that it was one of Minergate's best known features, I expect them to enable it asap.

Yeah, ETN is another sad example.😔 The war against ASICs continues...

This is good news. I miss my bonus XDN from merge mining with XMR and hope minergate bring that option back after this fork. Thanks for sharing this news.

Posted using Partiko Android

Same here! Although I'm fine with Minergate, the XDN devs recommend we try one of the new pools. However, If MG is the only pool with merge mining XDN+XMR then there's no option.

Thanks for commenting, see you in MG chat!

#TeamXMR

Coins mentioned in post:

CoinPrice (USD)📉 24h📉 7d
BTCBitcoin6508.700$-1.41%-15.59%
STEEMSteem1.714$-2.37%-28.23%
XDNDigitalNote0.007$-8.73%-29.18%
XMRMonero126.623$0.81%-24.71%

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Mining seems just too risky for me lately

How so? It's by far the lowest risk in Crypto.

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