CryptoNote
Original author(s) | Nicolas van Saberhagen |
---|---|
Repository | |
Written in | C++ |
Operating system | Windows, Unix-like, OS X |
Type | Cryptocurrency, anonymity |
License | MIT License |
Website | cryptonote |
CryptoNote is an application layer protocol designed for use with cryptocurrencies that aims to solve specific problems identified in Bitcoin.[1] Namely:
- Traceability of transactions
- The proof-of-work function (see Bitcoin network)
- Irregular emission
- Hardcoded constants
- Bulky scripts
The protocol powers several decentralized privacy-oriented cryptocurrencies, including Monero and MobileCoin.[2][3]
Nothing is known about the original author of CryptoNote, "Nicolas van Saberhagen."[4] Its mathematical component and motivation are described in the article "CryptoNote Whitepaper", released in two editions: in 2012 and in 2013.[5][6] Launched in the summer of 2012, Bytecoin was the first cryptocurrency to use this technology. Later, several teams launched their networks, based on the Bytecoin code.
Emission[]
Just like in Bitcoin, miners are rewarded for finding solutions. But the stepped release curve characteristic of Bitcoin has been replaced with a smooth one in CryptoNote: the reward decreases with each block.
See also[]
- Monero (cryptocurrency)
References[]
- ^ "CryptoNote v 2.0" (PDF). cryptonote.org. Archived from the original (PDF) on 2021-02-05. Retrieved 2018-12-21.
- ^ "Forkmaps". forkmaps. Retrieved 2019-03-21.
- ^ "Signal Adds Payments—With a Privacy-Focused Cryptocurrency". Wired. ISSN 1059-1028. Retrieved 2021-04-09.
- ^ "Meet North Korea and Lana Del Rey's new favorite cryptocurrency". The Daily Dot. 2018-02-09. Retrieved 2018-12-21.
- ^ "Cryptonote v. 1.0" (PDF).
- ^ "Cryptonote v 2.0" (PDF).
- Application layer protocols
- Cryptocurrencies
- Digital currencies
- Cryptocurrency stubs