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BitcoiNote is a fully open source decentralized public blockchain and cryptocurrency project. The coin combines the familiarity of Bitcoin with the advantages of the CryptoNight-Lite Variant 1 algorithm. This is the third-generation cryptocurrency that solves Bitcoin's problems.
BitcoiNote is the most secure cryptocurrency on the market. We are introducing innovative technology to make coins lightweight yet extremely secure. Features like ring signatures make BitcoiNote extremely private, while innovations like our unique algorithm ensure stability and ASIC resistance.
Everyone must have access to BitcoiNote. Our goal is to make it lightweight enough that you can mine from your smartphone or even an IoT device.
BitcoiNote stands for true privacy, fast transactions, dynamic block sizes and the possibility to mine coins using only your mobile phone or IoT device. Thanks to the best features of the CryptoNight-Lite Variant 1 algorithm - dynamic block size, short block verification time, and difficulty that needs to be recalculated every block - transactions are never backlogged!
100% Anonymous
With CryptoNight-Lite Variant 1 and its ring signature technology, you can sign a message on behalf of a group and your signature is identical to other group signatures Still can't tell the difference.
Changes in the Diffie-Hellman exchange protocol and multiple unique one-time addresses make it impossible to cross-link payments to the same recipient.
Fair Proof of Work
BitcoiNote is so light and easy to mine everyone can do it – we want you to be able to mine and confirm transactions from any device (even your smartphone)! BitcoiNote is also ASIC resistant, which means you will not need special equipment to mine, and mining will not be centralized by any particular group.
Double Spend Proof
Even if the signature remains anonymous, there is no possibility to spend the money again.
CryptoNight-Lite Variant 1 uses a modified version of the "Traceable Ring Signature" and "Key Image" to render any attempt at double spending futile.
Adaptive Limit
Both difficulty and block size are automatically adjusted for each new block.
To calculate difficulty, divide the total amount of work required to create the last 720 blocks by the time required to perform the work. The block size can be adjusted accordingly according to demand, while its exponential growth is also controlled.
*The above content is organized by YouToCoin official. If reprinted, please indicate the source.