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FreeXDN - Giving Out Free DigitalNote XDN and Cryptocurrency News
Cryptocurrency News and Free DigitalNote XDN

Quppy introduces multi-currency crypto-wallet with unique cross-platform applications. The Quppy wallet is a multi-language and multi-currency licensed crypto wallet that assures the most advanced security features.

Quppy: a Unique, Multi-Currency, Cross-Platform Crypto-Wallet

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The recently launched ‘BitcoinNews.com Daily Podcast’ provides easy access to the latest news on Bitcoin, blockchain and cryptocurrencies across 11 platforms.

BitcoinNews.com Daily Podcast

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Introducing Authoreon's A-ID, the first digitally readable, optical label on the blockchain. The A-ID enables multiple applications that provide authentication, authorization, verification, and certification.

Authoreon launches the A-ID Code, the first machine-readable, optical label on the blockchain

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Gigecoin has created the gig economy platform using blockchain technology in order to handle the problems faced in the gig economy sector while also improving how the industry works. 

This platform is essentially an autonomous, decentralised staffing platform with its own crypto asset coin and terminal that has zero transaction fees and a capacity to immediately exchange coins to fiat.

The Gig Economy Platform by GigEcoin Makes it Easy

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A new August survey says the number of Australians currently holding virtual currency has nearly tripled since a similar study was carried out in January.

Number of Australians Holding Cryptocurrency Doubles

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First Block Capital Inc., a Canadian cryptocurrency and blockchain investment company, has announced that its bitcoin trust, FBC Bitcoin Trust, has achieved mutual fund status in Canada, allowing investors to place funds in registered accounts such as a Tax Free Savings Account (TFSA) or Registered Retirement Savings Plan (RRSP).

Bitcoin Mutual Fund Launches in Canada

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A new ruling from China’s Supreme People’s Court clarified how blockchain records pertain to court processes, ruling that blockchain records are considered as admissible evidence in court.

The new ruling regarding blockchain technology is particularly relevant for internet-based legal cases that can present difficulties regarding the accuracy of evidence and information presented to the court.

Chinese Government Accepts Blockchain Records as Evidence in Court

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A Flood of DigitalNote
August 23rd, 2018   

A Flood of DigitalNote

An interesting thing occurred earlier this week with DigitalNote where miners who would normally see a block reward of 150XDN suddenly being rewarded with 320,000XDN just like the first days of the coin.

The bug which kicked in at height 704,000 lead to a short-term bonanza for miners, with many jumping in from mining services such as Nice Hash which subsequently caused the block difficulty to spike into the billions.

Members of the DigitalNote development team sprang into action as soon as this became known and issued an urgent, mandatory update to the mining pools and end-users which fixed the bug a short 614 blocks later at height 704,614 and the block rewards returned to their normal levels.

How Did This Occur?
Below is an explanation from the DigitalNote team which outlines how the problem came to be.
“The bug became apparent today and has been around ever since XDN's conception. Essentially, the block reward was being bit-shifted and at block 704,000 when the height was divided by 11,000 (halving interval) the reward was shifted by 64 bits, bringing it to 320,000 XDN.

If left as is the remaining amount of XDN would be mined within 7.2 days. If there were more supply, then the supply would half again to 160,000 XDN, then 80,000XDN… just like in the beginning of the coin's history.

This was the result of the specific method used by the original dev to formulate the block reward (bit-shifting) which overlooked future issues.


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What Impact Does This Have on the Supply of DigitalNote?
The maximum supply from mining is 8,589,869,056 (the 6th perfect number), and at time of writing the supply of XDN was 7,125,976,102.

This means there are still 1,463,892,954 coins remaining to be mined. At 150 coins per block, this means it’ll take another 9,759,286 blocks before the total supply is reached.

Since the target of DigitalNote is 11,000 blocks per month (approximately) or 132,000 blocks per year, DigitalNote still has almost 74 years of mining before the maximum supply is reached.

To put what happened in perspective, had the bug not been fixed and the block rewards remained at 320,000 the maximum supply would be reached in about 4,500 blocks, or a little over 12 days.

What Does This Mean in the Long Run?
Only time will tell for sure. Ultimately about 10 years was shaved off the time to reach the maximum supply, so the impact isn’t as bad as it might first appear. The flood of DigitalNote into the marketplace will undoubtedly cause the price of DigitalNote to temporarily fall, but as these are bought up by the XDN faithful for long-term hodling, it is these people who are the ones who will (in our opinion) benefit the most from this bug.

Wrap Up
If you’ve not done so already you need to update your GUI and/or CLI wallet to ensure your transactions are on the correct fork. You can download them from the official DigitalNote repository here:


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A new ruling from China’s Supreme People’s Court clarified how blockchain records pertain to court processes, ruling that blockchain records are considered as admissible evidence in court.

The new ruling regarding blockchain technology is particularly relevant for internet-based legal cases that can present difficulties regarding the accuracy of evidence and information presented to the court.
   
Imagol is a blockchain-based decentralized P2P image marketplace which will enable photographers to get rid of photo piracy, copyright violation and most importantly enable them to enjoy a larger share of profits on the sale of their creations. The platform will facilitate easy monetization of photos and make the most of everyone’s creation by featuring them as micro-stock collection
   
XAYA, the ultimate blockchain gaming platform, has begun its long-awaited main sale. The sale is orchestrated through Liquid’s Market and will run for a maximum of five weeks.
       

The Daily Doubler Button

The Daily Doubler button can be used twice per day per account. The time remaining until you can use it again is displayed near the "Claim Your Free XDN" button.
Daily Doubler Button! Click Me to Double Your Reward!

How to Use

Simple! When the Daily Doubler appears, click it to enter the code in the claims area and your next amount will be doubled automatically - That's all there is to it!
The Golden 4 x Daily Doubler Button! Click Me to Quadruple Your Reward! - SAMPLE ONLY!

The Golden DigitalNote - 4 x Booster!

One out of every 100 Daily Doubler buttons displayed is the lucky Golden DigitalNote coin. This doubles the Daily Doubler which means your next amount will be quadrupled!

Good luck!


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