The CryptoNote Technology

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Cryptonote is an open source technology that contains concepts for the cryptocurrencies of the future. The white paper for this exciting new technology can be found here. In this paper the creator of Cryptonote Nicolas van Saberhagen explains the technology behind his idea and compares it to bitcoin technology. Coins created using Cryptonote are the following.

CryptoNoteCoin

CryptoNoteCoin is the reference implementation and the technology showcase of CryptoNote. It is designed to have zero commercial value since its genesis block is replaced every 2 months. For those willing to start their own CruptoNote-based coins, CryptoNoteCoin will pave the way for a smooth launch and unhindered emission. All in all the cryptonote coin is just a test drive of this new technology. For more information about this currency you can visit their website cryptonote-coin.org or their forum thread.

Bytecoin (BCN)

Bytecoin is the first CryptoNote-based currency to successfully reach mass adoption and possesses one of the largest ecosystems. Bytecoin has been originally created in close cooperation with the CryptoNote team and is the first implementation of the CryptoNote technology, with release dating as early as July 2012. Up to this date the coin’s developers make significant contributions to the development of the CryptoNote technology. For more information about this currency you can visit their website  bytecoin.org or their forum thread.

Aeon (AEON)

Aeon is an experimental open-source currency. The developers strongly rely on the community to decide on further development and services integration. Aeon’s goal is to make CryptoNote simple and accessible for everyone. For more information about this currency you can visit their website aeoncoin.net or their forum thread.

Boolberry (BBR)

Boolberry is an important CryptoNote experiment with a number of adjustments. It utilizes blockchain-based Wild Keccak hash function instead of CryptoNight. Boolberry developers have also introduced guaranteed anonymity level, donations in the coinbase, and contributed to the long term issues of the ring signatures. For more information about this currency you can visit their website boolberry.org or their forum thread.

Dashcoin (DSH)

Dashcoin is an automatically mutating cryptocurrency based on Bytecoin (BCN). It is designed to automatically synchronize with all the Bytecoin updates to create a mirror image. Dashcoin is an interesting approach to sustaining a currency based on the fast cloning of the leading cryptocurrency’s updates. In my opinion this coin is more than copy paste coin. It works supplementary to Bytecoin. For more information about this currency you can visit their website dashcoin.net or their forum thread.

Dosh (DOSH)

Dosh is derived from British contemporary slang word used for money and is a Bytecoin fork created with an idea of establishing an independent crypto-economy that would include a number of CryptoNote based coins. Such an economy was dubbed the Outback and represents a crypto-community, where each cryptocurrency has its own following and market. Dosh is a currency that ties all the other Outback currencies together. For more information about this currency you can visit their dosh forum thread or the outback forum thread.

DarkNote (XDN)

A fork of Bytecoin, DarkNote is an experimental currency with a remarkable marketing. Its playful positioning and community engagement marks a new step for the CryptoNote currencies, as it drives technology popularization. DarkNote has also implemented several remarkable features such as anonymous blockchain-based messaging. For more information about this currency you can visit their website ducknote.org or their forum thread.

DarkNetCoin (DNC)

DarkNetCoin is the general currency of DarkNetSpace, a platform for anonymous applications such as p2p exchange, on-chain shop, lotto, gambling, and bets. It uses Wild Keccak hash function instead of CryptoNight. Starting with the 4550th block 1% of block reward is donated to CryptoNote team and 9% to DarkNetSpace team. For more information about this currency you can visit their website darknetspace.org or their forum thread.

Fantomcoin (FCN)

Fantomcoin is the first CryptoNote currency to support merged mining of different CryptoNote-based coins, allowing to receive not only the FCNs but also any other CryptoNote-based currency without extra mining effort. As a result, the cryptographic security of the coins is increased. This also allows fair resource distribution and stabilizes the cryptocurrency market through diversification. For more information about this currency you can visit their website fantomcoin.org or their forum thread.

Infinium-8 (INF8)

Infinium-8 is a second CryptoNote currency with the block reward increased as the difficulty grows. However, unlike MonetaVerde, this currency is not a merge mining one. Overall, Infinium-8 serves promotional function and increases the diversity of CryptoNote currencies. You can visit their forum thread for more information.

Monero (XMR)

This coin’s enthusiasts contribute to the applied aspects of the CryptoNote technology. It has been launched as a fork of Bytecoin in April 2014. Bitmonero/Monero was subject to a quarrel among the community members on the choice of name. Nevertheless, its contribution is valuable to CryptoNote’s popularization. Moreover, it has the fastest block generation speed of 1 minute. For more information about this currency you can visit their website monero.cc or bitmonero.org. Here is their forum thread.

MonetaVerde (MCN)

MonetaVerde is a second merged mining CryptoNote currency (after Fantomcoin), which aims to decrease the resources required for mining. It also proposes a remarkable block reward function that grows with the mining difficulty increase. This approach reinforces miners’ motivation to choose MCN. For more information about this currency you can visit their website monetaverde.org or their forum thread

OneEvilCoin (OEC)

OneEvilCoin is another CryptoNote currency aimed at promoting the whole platform. Based on CryptoNight algorithm, OEC has total supply of 666 coins and implements all the main features of CryptoNote technology. For more information about this currency you can visit their website oneevilcoin.org or their forum thread

Quazarcoin (QCN)

Quazarcoin is the CryptoNote currency launched as a result of community discussions. It has a flatter emission curve and a clear launch for the wider community. QCN’s developers focus on usability aspects of the currency. Its main contribution is the popularization of CryptoNote.

 

The main features of the cryptonote technology are the following

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.

 

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.

Coming up Pt.2


coinmaker

Blockchain enthusiast. Mining 24/7, trading altcoins, leasing hashing power and searching for Sasquatch

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