[ANN][FRK] ForkNote coin CryptoNote

Topic Moved New Thread https://bitcointalk.org/index.php?topic=2272023.0

ForkNote coin (FRK)

Leverage the power of
Bytecoin in your blockchain.

Coin Specs

Algorithm: CryptoNote
Ticker: FRK
Money Supply: 350,000,000 .0000000000
Block Reward: .00326
Decimal: 10
Difficulty Target: 110
Emissions Speed Factor: 30
Mined Money Unlock Window: 11
P2P port: 13036
RPC port: 13037

About CryptoNote Technology

CryptoNote's transactions cannot be followed through the blockchain in a way that reveals who sent or received coins. The approximate amount of a transaction can be known, but the origin, destination, or actual amount cannot be learned. The only information available is that the actual amount was lower than the displayed amount. The only people with access to the whole set of data about a transaction are the sender or receiver of the transaction and the person who possesses one or both secret keys.

Untraceable payments
Unlinkable transactions
Double-Spending proof
Block chain analysis resistance
Standard transaction
Adaptive Limits
Smooth emissions
Egalitarian proof of work

Ring signatures: Untraceable payments
The ordinary digital signature (e.g. (EC)DSA, Schnorr, etc...) verification process involves the public key of the signer. It is a necessary condition, because the signature actually proves that the author possesses the corresponding secret key. But it is not always a sufficient condition.

Ring signature [1] is a more sophisticated scheme, which in fact may demand several different public keys for verification. In the case of ring signature, we have a group of individuals, each with their own secret and public key. The statement proved by ring signatures is that the signer of a given message is a member of the group. The main distinction with the ordinary digital signature schemes is that the signer needs a single secret key, but a verifier cannot establish the exact identity of the signer. Therefore, if you encounter a ring signature with the public keys of Alice, Bob and Carol, you can only claim that one of these individuals was the signer but you will not be able to pinpoint him or her.

This concept can be used to make digital transactions sent to the network untraceable by using the public keys of other members in the ring signature one will apply to the transaction. This approach proves that the creator of the transaction is eligible to spend the amount specified in the transaction but his identity will be indistinguishable from the users whose public keys he used in his ring signatures.

It should be noted that foreign transactions do not restrict you from spending your own money. Your public key may appear in dozens of others' ring signatures but only as a muddling factor (even if you already used the corresponding secret key for signing your own transaction). Moreover, if two users create ring signatures with the same set of public keys, the signatures will be different (unless they use the same private key).
[1] Ronald L. Rivest, Adi Shamir, and Yael Tauman. How to leak a secret. In ASIACRYPT, pages 552–565, 2001

One-time keys: Unlinkable transactions
Normally, when you post your public address, anyone can check all your incoming transactions even if they are hidden behind a ring signature. To avoid linking you can create hundreds of keys and send them to your payers privately, but that deprives you of the convenience of having a single public address.

Linkable transactions
CryptoNote solves this dilemma by an automatic creation of multiple unique one-time keys, derived from the single public key, for each p2p payment. The solution lies in a clever modification of the Diffie-Hellman exchange protocol [1]. Originally it allows two parties to produce a common secret key derived from their public keys. In our version the sender uses the receiver's public address and his own random data to compute a one-time key for the payment.
The sender can produce only the public part of the key, whereas only the receiver can compute the private part; hence the receiver is the only one who can release the funds after the transaction is committed. He only needs to perform a single-formula check on each transactions to establish if it belongs to him. This process involves his private key, therefore no third party can perform this check and discover the link between the one-time key generated by the sender and the receiver's unique public address.

An important part of our protocol is usage of random data by the sender. It always results in a different one-time key even if the sender and the receiver both remain the same for all transactions (that is why the key is called "one-time"). Moreover, even if they are both the same person, all the one-time keys will also be absolutely unique.

To learn more view CryptoNote White paper

About our project

ForkNote coin (FRK) blockchain will change the way you view cryptocurrency forever. ForkNote coin (FRK) will allow the creation of tokens built on their own eco-system established in the cryptonote network similar to Waves, ETH, Bitshare and others only these networks will allow for the same decentralized privacy based on CryptoNote
application layer protocol providing a superior digital currency.
The genesis block has been created and premine amount is locked until Mined Money Unlock releases the amount to Dev Team wallet. Test coins are for purchase only and funds will be used for future development. FRK coins are needed to create custom tokens on the cryptonote network. Those purchasing custom tokens will be able to configure parameters to their desired specification using" Difficulty target (in seconds), Emission speed factor, Addresses for the premined coins, Percent of premined coins, Coin decimal point, Money supply (atomic units), Address prefix and Blockchain name. Please see http://forknote.net/create

Wallet Download

Github Source Code

Windows, Linux and Mac
*Please see https://github.com/forknoteTeam/forknote/blob/master/README.md for usage and instructions.

Choose your desired coin quantity and you will receive and email containing your "Spend secret key" and "View secret key" used to import into your ForkNote Wallet
These purchases are back by escrow that we pay to ensure the electronic delivery of your import keys.

10,000 FRK coin

Both forknote and bytecoin used under cc lic agreement