CryptoNote

From Wikipedia, the free encyclopedia
CryptoNote
Original author(s)Nicolas van Saberhagen
Repository
Written inC++
Operating systemWindows, Unix-like, OS X
TypeCryptocurrency, anonymity
LicenseMIT License
Websitecryptonote.org[dead link]

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]

  1. ^ "CryptoNote v 2.0" (PDF). cryptonote.org. Archived from the original (PDF) on 2021-02-05. Retrieved 2018-12-21.
  2. ^ "Forkmaps". forkmaps. Retrieved 2019-03-21.
  3. ^ "Signal Adds Payments—With a Privacy-Focused Cryptocurrency". Wired. ISSN 1059-1028. Retrieved 2021-04-09.
  4. ^ "Meet North Korea and Lana Del Rey's new favorite cryptocurrency". The Daily Dot. 2018-02-09. Retrieved 2018-12-21.
  5. ^ "Cryptonote v. 1.0" (PDF). Archived (PDF) from the original on 2014-06-20.
  6. ^ "Cryptonote v 2.0" (PDF). Archived (PDF) from the original on 2014-06-20.
  7. ^ "Safex Bluepaper 2018 (revised November 2020)" (PDF).{{cite web}}: CS1 maint: url-status (link)