"CryptoNote v 2.0"By Jun 02, 2019 1 Min Read
Bitcoin has been appreciated by many professionals and general public for its trust model which comprised of public transactions and proof-of-work. The major attractions for people to use electronic cash such as Bitcoin are its low fees and the anonymity it provided. However, Bitcoin has several drawbacks including inflexibility for the distributed system, which hinders the new feature being implemented into its system as the distributed system needs all the users to update their clients. CryptoNote v 2.0 paper is designed to address the drawbacks of Bitcoin. The paper also introduced its electronic cash “CryptoNote”.
Excerpt from CryptoNote v2.0
Read the full paper.