Re: [XBN] Bitnote: the secure, private, untraceable CryptoNote based Cryptocurrency
ANNOUNCEMENT: Upcoming Bitnote blockchain hardfork: see details below.
Confirmed Features:
Features In Debate:
These features will be "activated" within the next hardfork, launch date is yet to be announced... More info regarding that is coming soon.
Confirmed Features:
- Hashing Algorithm Upgrade: Bitnote will be using our own custom CryptoNight based algorithm "CryptoNight Dark", this new algorithm is much more ASIC, botnet, rented hashrate... resistant than the traditional CryptoNight algorithm, it features an upgraded 4 mb scratch pad. (See: https://www.reddit.com/r/Monero/comments/5xfy06/why_the_asic_resistant_cryptonight_in_monero_is and https://en.bitcoin.it/wiki/CryptoNight)
- Dynamic Fees: Bitnote will be using another of our own custom algorithms that will dynamically scale to blockchain growth (Don't worry we won't pull a Bitcoin
). - Minimum Transaction Mixin Count: Bitnote will use a preset minimal transaction mixin value of 3, for increased security. (See: http://hackingdistributed.com/2017/04/19/monero-linkability/)
Features In Debate:
- Ring Confidential Transactions (See: https://getmonero.org/resources/moneropedia/ringCT.html).
- Smart Contracts (See: https://blog.zeppelin.solutions/the-hitchhikers-guide-to-smart-contracts-in-ethereum-848f08001f05).
These features will be "activated" within the next hardfork, launch date is yet to be announced... More info regarding that is coming soon.