BitcoiNote is a fully open source, decentralized public blockchain and cryptocurrency project.
It takes the best from Bitcoin and Monero, but surpasses their limitations.
BitcoiNote is developing a decentralized smart contracts platform. This provides the solution for cryptocurrency deals based on CryptoNote algorithm advantages.
Supply: 21,000,000 BTCN
Protocol: Proof of Work
Block size: dynamic
Block time: 120 seconds
Emission speed factor: 21
If you want to make a deal and get paid in bitcoin, ask the other party to provide a promissory note from BitcoiNote. They will have to secure a certain amount in their BitcoiNote wallet. If the other party does not fulfill all the conditions of the deal, you will be paid the amount agreed upon in the promissory note. That will protect not only the amount you are to be paid (like in escrow service) but also all other deal’s conditions - amount to be paid, deadline, delivery etc.
Privacy - Secure and untraceable
BitcoiNote is based on CryptoNote algorithm that allows a complete privacy and anonymity of transactions. Thanks to the ring signatures verification process, unique one-time keys ensure transactions remain untraceable. The verifier isn’t able to establish the identity of the signer. They can only establish that the signer is a member of a group.
Accessibility - Mobile and IOT friendly
BitcoiNote currently uses lightweight Proof of Work protocol that is oriented towards GPUs, NOT ASICs. ASIC resistance is crucial in order to keep BitcoiNote a fully decentralized network. Anyone can mine without specialized and expensive devices from big hardware companies that have been in control of mining cryptocurrencies. The next step will be to be able to mine BTCN with mobiles and smart TVs - IOT is planned as well!
Speed - Scaling with demand
Scalable block size and short block creation time make BitcoiNote transactions very fast. Depending on the demand, the block size increases or decreases ensuring that there are no delays when it comes to payments and transfers.