Illinois, USA. Responding to a number of developments in the cryptocurrency world, emerging currency DNotes will reduce its mining block reward from 250 to 25 DNotes beginning Monday, June 2, 2014. This will essentially reduce the new supply of DNotes by 90%.
DNotes co-founder Alan Yong established personal computer company Dauphin Technology in 1988, which had contracts with IBM, the U.S. Department of Defense and the U.S. Department of Treasury. Having been well regarded as a visionary of a different tech era, emerging cryptocurrencies remind Yong of the early years of personal computers in the late 1980s:
“The cost of entry to start a computer company was so low that thousands of people worldwide claimed to be manufacturers of personal computers in a very short period of time. Just few years later, only a few were left standing. The rest is history.”
DNotes is positioned as a conservative digital currency for long term appreciation. Unlike many other cryptocurrencies where the Developer becomes inactive soon after launching the currency, the DNotes team actively provides leadership and funding to support the community. As a group it actively seek to identify projects that are mutually beneficial to the industry as a whole but also have the potential to generate significant cash flow to support the community efforts and on going project development… CONTINUE