The main features of the Cryptonote technology are the following
- 1 Difficult to trace and link payments
- 2 Double-spending proof
- 3 Block chain analysis resistance
- 4 Adaptive limits
- 5 Smooth emission
- 6 Egalitarian proof of work
It is clear that the cryptonote technology has created some very interesting coins that can support each other and broaden their influence and technology level by using coin cooperation techniques and not just user adoption and market cap. The creators of these coins have created a Foundation and a stable ecosystem that allows them to create new technology and allow other coins to be benefited as a whole. Its a great idea in terms of addoption because it allows users to choose different coins based n their liking, that reside under the same technology. They have also created a Cryptonote foundation which is a non profit organization to facilitate the use of these altcoins based on Cruptonote through goodwill, promotional and charitable endeavors.
You now can create your own cryptocurrency!
Cruptonote is the first techonology of its kind to allow a coin creation feature based on their technology in less than 10 minutes. They offer a next generation platform that allows creating secure cryptocurrency with privacy protection based on unique CryptoNote technology. This allows for financial privacy by using ring signatures and one time addresses for untraceable and unlinkable transactions. It also allows mining on an average PC with its egalitarian hash function designed for CPU and GPU mining. Also adaptive limits can be set to build up a currency which intelligently adjusts its parameters based on historical data. The website for new coin creation can be found here. Minergate is a mining pool created by a group of cryptocoin enthusiasts. It is the first pool which provides service for merged mining. This means that while mining on this pool you can mine different coins simultaniously without decrease of hashrate because of the multimining technology implemented. They support major currency mining which include
It may be wise to participate in cryptonote coins through community involvement, mining and investing. The coins have received limited exposure and remain in the markets niche. With an entirely different code base to bitcoin and its derivatives, exchange listings are not so simple a higher level of skill is required. There is still much confusion and it is possible that only a fraction of the community have investigated the coins. I expect with further exposure that all crypronote coins will benefit. The founders of Cryptonote prefer to keep their names secret and that constitutes a small mystery. Many other coins also have this niche. Perhaps the name of the Cryptonote whitepaper author was supposed to tell us something. Nicolas van Saberhagen is a rare name that is hardly ever mentioned anywhere on the Internet. An attentive reader could pick out letters NSA in the name but that as well could be mere wishful thinking. At this current moment, Cryptonote coins must focus on developing the software for general users. It is here and it will take hold. The current rate of growth is high and is an expression of market demand for such technologies.