CryptoNote: A Critique of Bitcoin and a Proposed Alternative

Bitcoin has been a successful implementation of the concept of p2p electronic cash.

Both professionals and the general public have come to appreciate the convenient combination of public transactions and proof-of-work as a trust model.

Today, the user base of electronic cash is growing at a steady pace; customers are attracted to low fees and the anonymity provided by electronic cash and merchants value its predicted and decentralized emission.