About the CryptoNote protocol

in hive-118409 •  2 years ago  (edited)

Dear dance and music lovers

I had a great night with @Mikeylorenzo with plenty of dancing.

As usual, I like sharing a video,
Dancing to Me Gustas Tu by Manu Chao

Dear crypto lovers

I have been involved in crypto longer than most of you with a university degree.

The CryptoNote protocol is a privacy-focused technology used in various cryptocurrencies such as Monero, Bytecoin, and Aeon. It was first introduced in 2013 in a white paper written by an anonymous author or group of authors under the pseudonym Nicolas van Saberhagen.
The protocol uses several features to enhance privacy, including ring signatures, which enable users to sign a message on behalf of a group, making it difficult to determine the original signer and stealth addresses, which allow for the creation of unique, one-time addresses for each transaction.

The CryptoNote protocol also uses a variation of the proof-of-work consensus algorithm called CryptoNight, which is designed to be resistant to ASIC mining and promote a more even distribution of mining rewards among participants.
The CryptoNote protocol seeks to provide enhanced privacy and security to users of cryptocurrencies by minimizing the amount of information that can be gleaned from transaction data.

Feel free to write about crypto in this community!

Have a great day!

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