The CryptoNote Protocol is the highest level of anonymity.
The most important parameter for electronic currencies is confidentiality. The redistribution of payments without the exchange of data with third parties — this is the difference between the crypto operations from the Bank.
According to the criteria described by Okamoto and Ohta, secure electronic cash must necessarily be anonymous. The details of monetary transactions between the customer and the seller should not be known to anyone else. In order to guarantee the confidentiality of the user, the currency must meet such parameters:
- The inability to track the transaction;
- The lack of relationship between transactions.
CryptoNote – a scheme that can guarantee anonymity to respondents when making a payment. The Protocol is implemented using a ring signature system that allows you to sign private messages with the group name.