This past weekend, bitcoin miners lost up to US$50,000 as the Bitcoin network was affected by the generation of invalid blocks due to the appearance of two separate versions of the blockchain or a “fork.”
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CryptoNote News
CryptoNote is a protocol that is used in privacy-oriented digital currencies for preventing the identification of a transaction’s sender. The first version of CryptoNote emerged in 2012 and was published on Tor. The original author of CryptoNote’s white paper remains unknown and used the pseudonym Nicolas van Saberhagen. CryptoNote coin transaction’s public keys are united in groups before being received and this makes it impossible to identify the sender. Some famous CryptoNote coins are Monero and Bytecoin. For currencies, based on CryptoNote, mining is performed with the CryptoNight proof-of-work algorithm. This algorithm makes CryptoNote mining available for most ordinary CPUs. CryptoNote-based coins are emitted smoothly and rewards change for every block. However, there have been some forks in the CryptoNote blockchain, such as the DarkNote coin, which uses their own emission logic.
July 4 marks the third anniversary of Bytecoin, the world’s first CryptoNote-based cryptocurrency. The Bytecoin team has unveiled an expanded roadmap detailing their future plans for the coin.
1759Bytecoin is the first cryptocurrency to implement CryptoNote technology in the form of the CryptoNight algorithm, which seeks to provide 100% untraceable transactions.
1182Monero (XMR) is an anonymous and decentralized cryptocurrency with CryptoNight (64-bit CPU-only) PoW hash algorithm and based on CryptoNote protocol.
971In February, Finnish silver investor and Bitcoin millionaire Risto Pietilä, purchased Malla Manor, a 600-year-old castle located in North Estonia. 6 months after, the Bitcoin entrepreneur talks of the reasons that lead him to such an unusual project.
2586“Any words that have ‘currency’ in them attract a lot of attention from certain governmental institutions.” – Orhan, QuazarCoin Founder
2362duckNote XDN is a freshly appeared mysterious cryptocurrency, based on CryptoNote technology and blowing the mind with its website.
1513Technologies, such as CryptoNote can provide a possible look into the next generation of cryptocurrencies themselves.
809Although the very idea of Bitcoin is just a few years old, a community of developers is already launching the next generation of this technology.
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