Cryptocurrency Q&A
Is Monero a CryptoNote?
Is Monero a CryptoNote?
Michele
Tue Jul 02 2024
|
5 answers
1103
In the ever-evolving landscape of cryptocurrencies, one question that often arises is: "Is Monero a CryptoNote?" CryptoNote is a protocol that aims to provide unlinkability and anonymity for its users. It utilizes several techniques, including ring signatures and stealth addresses, to achieve this. Monero, on the other hand, is a privacy-focused cryptocurrency that prides itself on its anonymity features. Given the overlap in objectives and techniques employed, it's natural to ponder if Monero is indeed built on the CryptoNote protocol. So, does Monero utilize CryptoNote as its underlying technology, or has it forged its own path in the realm of anonymous cryptocurrencies? Let's delve into this question and uncover the truth behind the matter.
5 answers
EthereumLegendGuard
Wed Jul 03 2024
BTCC, a UK-based cryptocurrency exchange, offers a comprehensive suite of services that caters to the needs of digital asset enthusiasts. These include spot trading, futures contracts, and secure wallet solutions, among others.
Was this helpful?
100
61
HanbokElegance
Wed Jul 03 2024
Monero's genesis lies in CryptoNote v2, a revolutionary cryptocurrency protocol that holds significant sway in the digital finance realm.
Was this helpful?
165
38
Lucia
Wed Jul 03 2024
This protocol was initially introduced in a comprehensive white paper authored by Nicolas van Saberhagen, albeit operating under a presumed pseudonymous identity.
Was this helpful?
165
25
Maria
Wed Jul 03 2024
The document, released in October 2013, outlined the technical foundations of CryptoNote v2, which ultimately gave birth to Monero - a privacy-centric cryptocurrency.
Was this helpful?
346
87
HallyuHeroLegendaryStarShine
Wed Jul 03 2024
The principles laid out in this paper provided the bedrock for Monero's unique features, such as its untraceable transactions and unlinkable addresses, ensuring anonymity for its users.
Was this helpful?
327
33
