25 votes
Accepted

What is the difference between CryptoNote and CryptoNight?

CryptoNote is the name of the cryptocurrency technology that Monero (and Aeon, and various others) is based on. CryptoNight is the name of the hash function that is used in the CryptoNote Proof-of-...
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  • 4,203
21 votes
Accepted

Does Monero offer an equivalent of Check Lock Time Verify transactions?

There is a command to lock coins when you make a transaction by RPC in simplewallet. I don't think it's implemented in the command line interface. It's the unlock_time parameter in the JSON RPC ...
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  • 4,373
20 votes
Accepted

Which entities are related to Bytecoin and Minergate?

There is a lot of evidence connecting all of the companies mentioned in your question. There may be more connected companies that we are not yet aware of. From Wikipedia: The first Changelly ...
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18 votes
Accepted

Is Dash based on CryptoNote or CoinJoin?

There are two coins with that name. The first is called Dashcoin (DSH) and is a CryptoNote coin that was launched July 05, 2014 as an automated fork of Bytecoin (BCN) without the large premine. ...
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18 votes

What is the origin of Monero and its relationship to Bytecoin?

The answer to this question is long and any shortening doesn't do the question justice. This is an edited version of the excellent investigation of the bytecoin scam performed by user "rethink-your-...
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  • 5,656
17 votes
Accepted

What is known about Nicolas van Saberhagen?

Reasonably, we have no real idea. This person or group is currently unknown just like Satoshi Nakamoto. The text in this Wikipedia article sums up some thoughts in the community about the creator(s) ...
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  • 8,704
16 votes
Accepted

What is the next big step in Monero's future?

The 2 important things coming soon are ringCT and Kovri. In fact, ringCT is already coded into the last client software and the hard fork allowing such transactions will activate somewhere in January....
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  • 19.8k
15 votes
Accepted

What is known about the creation and history of the CryptoNote protocol?

Much of the history of CryptoNote development is in dispute so I will stick to the facts. CryptoNote is a new cryptocurrency protocol using some of the Bitcoin principles but with new ideas and an ...
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  • 1,133
14 votes
Accepted

What is the AEON currency?

Quoting smooth, who is a member of the Monero core team and stepped in as Aeon lead developer a while ago: AEON is certainly targeting running a node on a smartphone, but I don't think it is possible ...
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  • 1,205
13 votes
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Are there more cryptocurrencies based on the cryptonote protocol? If so what are the main differences?

There are many other CryptoNote coins but their communities, usage, trading volumes and hashrate are much smaller than Monero. Here is a chronicalogical graphic of many of the coins and from where ...
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12 votes

What is the AEON currency?

To most of the community (see /r/monero, /r/aeon), Aeon is the "supportive younger brother" of Monero, and is viewed more so as a proving ground (i.e. for any relevant improvements, that are thus ...
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12 votes
Accepted

Can Monero stand as a distinct cryptocurrency, or will its features be brought to Bitcoin via sidechains?

A lot of the other answers address some but not all of the questions. Is Monero intended to be a competitor to Bitcoin, or is the intent to develop technology that will improve Bitcoin? It is ...
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  • 5,656
11 votes
Accepted

CryptoNote features in other cryptocurrencies

There's less than a couple dozen CN based currencies. See http://mapofcoins.com/bytecoin. Shadowcash tried to implement ring signatures on a Bitcoin code base. See https://shnoe.wordpress.com/2016/02/...
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  • 34.6k
11 votes
Accepted

Can someone walk me through a simple example to explain how RingCT works?

Let's say you'll use two of your outputs, 12.34 XMR and 7.89 XMR and send 18.37 XMR to your recipient for a fee of 0.022 XMR and change of 1.838 XMR. If you use mixin of 4, you'll be creating two ...
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  • 2,475
9 votes

What is the AEON currency?

Aeon is a fork of Monero, created in June 2014 by an anonymous developer. It was abandoned soon after, and languished for a while with close to no hash rate. In October 2014, Monero developer smooth ...
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  • 34.6k
9 votes

Is Dash based on CryptoNote or CoinJoin?

Is Dash based on CryptoNote or CoinJoin? DASH is a Bitcoin fork and uses a modified version of CoinJoin to perform private transactions. DASH its anonymity requires activity on the chain, i.e., you ...
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  • 14.9k
8 votes
Accepted

Can any CryptoNote coins be merge mined?

The Monero community almost unanimously voted against merged mining choosing instead to stand on its own and avoid indirectly supporting another CryptoNote coin, BCN that was 80% premined.. Actually ...
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  • 545
8 votes
Accepted

Does Monero/the CryptoNote Protocol support multi signature wallets?

Monero does not support multisig at the moment. It will at some point, probably not very long after RingCT is merged, since that work relies on RingCT building blocks. Cryptonote itself does not ...
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  • 34.6k
8 votes

Can Monero stand as a distinct cryptocurrency, or will its features be brought to Bitcoin via sidechains?

I think the answer is both Aside from the privacy advantage of not having worry about being identified as a ring signatures side chain user, Monero offers other advantages such as a hedge of having ...
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  • 621
8 votes
Accepted

What is the 'base point' (G) from the whitepaper and how is it represented as a single hex value?

G is the base point of the Ed25519 elliptic curve. The x coordinate is not written explicitly because it can be found back using the y coordinate, the sign of x and the equation of the curve (x is ...
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  • 3,304
7 votes

Can Monero stand as a distinct cryptocurrency, or will its features be brought to Bitcoin via sidechains?

From my understanding, the problem with implementing ring signatures as a Bitcoin sidechain is that you would stand out like a sore thumb if you transfer normal Bitcoin into the ring-sig sidechain. ...
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  • 193
7 votes
Accepted

What signature prevents me from spending others' coins?

Section 4.4 of CN white-paper describes this. With the ring signature, all the keys used are equivalent, so you can't say which one is the actual signer. The signature can be checked against any of ...
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  • 19.8k
7 votes
Accepted

What is meant by "Diffie-Hellman exchange" in the official CryptoNote paper?

Diffie-Hellman key exchange is a key negotiation mechanism to agree on a common key between two parties using an insecure channel. How can you do a key exchange between two values both available to ...
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  • 19.8k
6 votes

Can Monero stand as a distinct cryptocurrency, or will its features be brought to Bitcoin via sidechains?

Including it as a sidechain would not make Bitcoin transactions very private as you'd still know which coins were used in the sidechain. Ring signatures would need to be baked into the Bitcoin ...
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6 votes

What is the next big step in Monero's future?

big busts in btc from blockchain analysis Another market of comparable size (is there one? idk) accepting monero BTC-e adding monero (I don't know all the exchanges but they're the only usd to monero ...
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  • 685
6 votes
Accepted

Why do I see only one transaction key R=rG per transaction while there are multiple output keys P=H(rA)G+B to represent multiple denominations?

This question was cross-posted to Reddit and was answered by dEBRUYNE_1 citing luigi1111's article: You may have noticed that this scheme only gives Alice one output for Bob per r, but with auto-...
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  • 2,475
6 votes
Accepted

Is Monero susceptible to botnets?

Botnets do not have magical ability to affect Monero more than any other hash source. As other PoW based currencies, Monero is vulnerable to 51% attacks, and any adversary who is able to sustainably ...
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  • 34.6k
6 votes
Accepted

How were Monero elliptic curve constants chosen?

Although it wasn't clear to the reviewers at the time, the constants are standard ed25519 constants from DJB et al. You can read about it here, especially section "Choice of curve" starting on the ...
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  • 2,422

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