Newer altcoins are penetrating the cryptocurrency market, and some of them have been able to impress the miners as well as traders. Some of these altcoins are community based, and have been introduced in the market with specific purpose. One such coin which has been introduced in the alt coin market is XDNA. XDNA is an open source digital currency, which is decentralized hybrid PoW (Proof of Work). It is a Proof of Stake (PoS) cryptocurrency which is implemented with the help of masternodes technology. PoW and PoS, are two important entities of XDNA, because the PoW will persist till the block height is 1440000, after that mark the coin will switch to PoS. The best part of XDNA is, the block time is only 60 second, and it takes only 6 confirmations.
Whenever, a new altcoin is launched in the market we often wonder about its benefits and offerings. Well, it can be said that XDNA is one of the altcoins which has most of the positive qualities of some of the successful digital currencies. Moreover, XDNA has taken an approach to fix the issues which is there in the existing altcoins. Having said this, it is poised to become one of the stable cryptocurrencies in the altcoin market, which will benefit both the investors as well as miners. One of the prime features of XDNA is, it has dynamically changing block reward along with ASIC resistant PoW algorithm. This is a definite benefit for the miners, and can keep them interested in XDNA for longer period of time. Another innovative approach which XDNA has adopted is advanced multi-level masternodes, that is supposed to benefit the investors. So, it can be seen that XDNA has already implemented approaches that can benefit the investors as well as miners in a longer run. XDNA is a non-commercial altcoin, that is meant for charity fund using the blockchain technology. XDNA foundation promotes the XDNA coin for the people who really needs it.
Two of the key features for which XDNA is known in altcoin market are, Bitgun & TNT. Bitgun is solely responsible for developing dynamic change in the block rewards. Bitgun facilitates the growth of the network hashrate, which ultimately leads to increase in block rewards. Bitgun is completely a new concept in crypto market, that has been introduced for the XDNA miners. Also, the block rewards of XDNA become more dynamic in nature. In this case, the reward size of each of the block is going to change in accordance with the network hashrate. So, as there is an increase in the network hashrate, there is a growth in the block reward as well along with a gradual increase in the coin reward rate. Bitgun also facilitates dual mining feature, with the help of HEX algorithm. On the other hand, TNT or Triple Node Technology facilitates the concept of multilevel masternode, which is meant to increase the income of the investors. Originally, masternode has been invented by DASH which apart from increasing the income of the investors, is also meant for network stability. Masternode technology is adopted by many altcoins, including XDNA. There are three levels, which has been classified as light node, medium node, and full node. Each level requires set number of XDNA coins, along the set return percentage from the block reward. This keeps on changing, hence an investor can check it directly from the website of XDNA.
XDNA is another community-based offering, which has already created its market with its sharp features. XDNA makes use of power of blockchain to support charities. Even though the platform is still under development, it is meant to be one of most transparent platform in the altcoin market.