CryptoNote
From Wikipedia, the free encyclopedia
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
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Quick Facts Original author(s), Repository ...
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 |
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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.