CryptoNote

Last updated
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.org [ dead link ]

CryptoNote is an application layer protocol designed for use with cryptocurrencies that aims to solve specific problems identified in Bitcoin. [1] [2]

Contents

The protocol powers several decentralized privacy-oriented cryptocurrencies, including Monero, [3] Zano, [4] MobileCoin and Safex Cash. [5] [6] [2] [7]

Nothing is known about the original author of CryptoNote, "Nicolas van Saberhagen." [8] Its mathematical component and motivation are described in the article "CryptoNote Whitepaper", released in two editions: in 2012 and in 2013. [9] [1] 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. Andrey Sabelnikov, one of the creators of the CryptoNote codebase, launched Boolberry after his career at Bytecoin, which later became the foundation for Zano. [4] [10] [11]

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. [12]

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. [13]

See also

Related Research Articles

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References

  1. 1 2 "CryptoNote v 2.0" (PDF). cryptonote.org. Archived from the original (PDF) on 2020-10-28. Retrieved 2018-12-21.
  2. 1 2 Yu, Jiangshan; Au, Man Ho Allen; Esteves-Verissimo, Paulo (2019), "Re-thinking untraceability in the CryptoNote-style blockchain", IEEE CSF 2019, retrieved 2024-10-18
  3. Aeeneh, Sina; Chervinski, Joao Otavio; Yu, Jiangshan; Zlatanov, Nikola (2021-05-03). "New Attacks on the Untraceability of Transactions in CryptoNote-Style Blockchains". IEEE. IEEE: 1–5. doi:10.1109/ICBC51069.2021.9461130. ISBN   978-1-6654-3578-9.
  4. 1 2 Nelson, Rob (2024-05-13). "Zano emphasizes importance of 'confidential assets' in evolution of crypto". TheStreet Crypto: Bitcoin and cryptocurrency news, advice, analysis and more. Retrieved 2025-01-16.
  5. "Forkmaps". forkmaps. Archived from the original on 2018-08-04. Retrieved 2019-03-21.
  6. "Signal Adds Payments—With a Privacy-Focused Cryptocurrency". Wired. ISSN   1059-1028 . Retrieved 2021-04-09.
  7. Torres, Wilson Alberto; Kuchta, Veronika; Steinfeld, Ron; Sakzad, Amin; Liu, Joseph K.; Cheng, Jacob (2019), "Lattice RingCT v2.0 with Multiple Input and Output Wallets", ACISP 2019, retrieved 2024-10-18
  8. "Meet North Korea and Lana Del Rey's new favorite cryptocurrency". The Daily Dot. 2018-02-09. Retrieved 2018-12-21.
  9. "Cryptonote v. 1.0" (PDF). Archived (PDF) from the original on 2014-06-20.
  10. "Part II of The Future of Zano & the Cryptonote Protocol w/ Andrey Sabelnikov | EPI 307". www.audacy.com. Retrieved 2025-01-16.
  11. "Monero inception and history. How did monero get started, what are its origins and which are important historical events of its development?". Monero Stack Exchange. Retrieved 2025-01-16.
  12. Cryptonote, 2024-12-28, retrieved 2025-01-16
  13. "Safex Bluepaper 2018 (revised November 2020)" (PDF). GitHub .