CryptoNote
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| 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
- Financial privacy
The protocol powers several decentralized privacy-oriented cryptocurrencies, including Monero, MobileCoin and Safex Cash.[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[edit]
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.[citation needed]
One implementation of the CryptoNote protocol has resulted in a non-smooth emission curve, specifically, the S-curve of the Safex Blockchain, which was designed to match the Diffusion of Innovations technology adoption curve theory.[7]
See also[edit]
References[edit]
- ^ "CryptoNote v 2.0" (PDF). cryptonote.org. Archived from the original (PDF) on 2020-10-28. Retrieved 2018-12-21.
- ^ "Forkmaps". forkmaps. Archived from the original on 2018-08-04. 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). Archived (PDF) from the original on 2014-06-20.
- ^ "Cryptonote v 2.0" (PDF). Archived (PDF) from the original on 2014-06-20.
- ^ "Safex Bluepaper 2018 (revised November 2020)" (PDF). GitHub.
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