"CryptoNote v 2.0"
Bitcoin has been appreciated by many professional 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 had a several drawbacks included inflexibility for the distributed system, which hinder the new feature being implemented into its system as the distributed system need all the users to update their clients. CryptoNote v 2.0 paper is designed to propose a solution for the major drawback of Bitcoin. The paper also introduced its electronic cash “CryptoNote”.