CryptoNote - the next generation cryptocurrency

CryptoNote features

Untraceable
payments

CryptoNote provides users with a completely anonymous payment scheme. CryptoNote implements the ring signature technology which allows you to sign a message on behalf of a group. The signature only proves the message was created by someone from the group, but all the possible signers are indistinguishable from each other.

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Unlinkable
transactions

Even if outgoing transactions are untraceable, everyone may still be able to see the payments you have received and thus determine your income. However, by using a variation of the Diffie-Hellman exchange protocol, a receiver has multiple unique one-time addresses derived from his single public key. After funds are sent to these addresses they can only be redeemed by the receiver; and it would be impossible to cross-link these payments.

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Double-spending
proof

Nobody is able to spend the same money twice — even if all his signatures are anonymous. Every signature contains a key image — a kind of fingerprint of the secret key. It is based on a one-way cryptographic function; this implies that given only the key image it is impossible to restore the corresponding secret key. These key images are used to prevent double-spending.

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Blockchain analysis
resistance

Non-repeating one-time addresses and mixed keys in ring signatures make the whole blockchain resistant to analysis. Each future transaction will only increase the entropy and create additional obstacles for an analyst.

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Egalitarian
proof of work

The proof of work mechanism acts as a voting system. Thus, it is crucial that during the voting process all the participants have equal voting privileges. CryptoNote brings this equality with its egalitarian proof of work, utilizing built-in CPU instructions, which are very hard and too expensive to implement in special purpose devices, but perfectly suitable for ordinary PCs.

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Adaptive
parameters

A decentralized payment system must not depend on a single person's decisions, even if this person is a developer. CryptoNote has no hard-coded constants; magic numbers in the code are designed to be re-calculated based on the previous state of the network. Thus, they always change adaptively and independently, allowing the network to develop on its own.

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CryptoNote team

Johannes
Meier

Chief
cryptographer

Maurice
Planck

Cryptographer

Max
Jameson

Math expert

Brandon
Hawking

Economist

Catherine
Erwin

Communications
manager

Albert
Werner

Core developer

Marec
Plíškov

Developer

The CryptoNote team is made-up from members with unique competencies in economics, mathematics, and
cryptography. Our team members have been doing related research for many years prior to forming the CryptoNote project.

Join our community

Forum

Technical and other discussions about the CryptoNote technology

White paper

White paper covering all the aspects of CryptoNote technology
pgp key | signature

Source Code

Browse and fork CryptoNote source code

Create your coin

Follow our easy forking guide and create your own CryptoNote currency