DNotes Global, Inc. today announced the launch of its Alpha Pre-Release of the DNotes 2.0 digital currency on March 18, 2018. According to a company spokesperson, DNotes 2.0 represents a significant upgrade of the original DNotes currency first introduced in 2014.
DNotes is a blockchain-powered digital currency and payment system that enables its stakeholders to send funds to one another in a rapid, efficient, and low-cost way. The upgraded version of the digital currency will add new features and capabilities and signals the start of the next stage of DNotes’ push to achieve global mass acceptance and adoption.
“With DNotes 2.0, we have upgraded the technology behind our digital currency as part of our broader effort to build out the DNotes ecosystem,” DNotes Global, Inc co-founder and CEO Alan Yong said. “The changes we have implemented with this launch are a crucial part of that strategy and will help to solidify our ecosystem’s foundation as we continue onward toward earning acceptance as a globally-accepted parallel currency and payment system.”
DNotes Global, Inc. also announced that the new DNotes will no longer operate using the “proof-of-work” protocol. To avoid the potential for mining centralization and dilution of stakeholder influence, the company has chosen proof-of-stake as its new network consensus algorithm. The new system enables stakeholders to use their wallet to run a node supporting the DNotes network.
The staking system provides payouts in newly-generated DNotes. Each node’s payout odds are commensurate to its owner’s coin balance as a proportion of the total number of coins being ‘staked’ on the network. The company has suggested that anticipated rewards for staking will be around 2% of the total coins in circulation each year.
“The rewards are just part of the benefit, however,” Yong noted. “The real benefits come from the increased influence that proof-of-stake provides to DNotes stakeholders. POS redistributes economic incentives from miners to coin holders, but it also removes the risk of miners exercising their influence to slow or prevent progress – a problem that has plagued coins like Bitcoin for some time now.”
The DNotesVault will continue in its role as a web portal and online fortress that provides an easy to use interface for users while offering state-of-the-art protection for account-holders’ funds. The new DNotes will reportedly enjoy the same guarantee fund protection that the original version provided to users.
The currency’s Cryptocurrency Investment Savings Plans will see a change. With DNotes 2.0, the company has expanded the plans to ensure that all DNotes users enjoy their benefits. Under the new system of rewards, every DNotes depositor will earn interest on holdings held in their account for set periods of time, at a rate of 0.5% interest every 30 days.
As Yong notes, ‘Digital currency was always meant to be a promise: a promise that says that your money should be yours to control. With DNotes 2.0, we are one step closer to making that promise a reality for everyone around the world: more control over your own money, and greater financial inclusiveness. That’s the future of money.”
“The launch of DNotes 2.0 is just the beginning. In the weeks and months to come, we will have additional announcements about new ecosystem features, new programs, and exciting new changes. Stay tuned, because the future of money is here – and the best is yet to come.”
About DNotes and Alan Yong:
DNotes co-founder Alan Yong is a well-regarded visionary who established Dauphin Technology in 1988. He is the author of the book “Improve Your Odds: The Four Pillars of Business Success, and is well-regarded as a “thought leader” in the cryptocurrency industry.
DNotes is a digital currency noted for its consistent and reliable growth, and innovative initiatives that actively engage women, young people, small businesses, workers, and others – effectively inviting the world to participate in the digital currency revolution.
For more information please visit: http://dnotescoin.com
Media contact
Name: Alan Yong
Email: [email protected]
