"CryptoNote v 2.0"

By Henry Chan   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”.classic inside photo-min.png

Excerpt from CryptoNote v2.0

Read the full paper.



About the author

Henry Chan
Blockchain and Crypto writer with over 2 years experience in Blockchain and Fintech.

Like this post:
Follow Us: