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Windows 64-bit • OS X •
Ubuntu Linux •
Source code ‹‹‹
MyntNoteI am Interchained, I am a certified full stack developer. I work with many languages. I develop blockchains and blockchain infrastructure and I believe in open source projects.
I developed myntnote as an educational project after graduating from University of Central Florida as a Full Stack Developer.
This project was created for education, and to learn. It has since been discontinued. I have moved on to other blockchain projects.
SpecificationsPoW algorithm: CryptoNight Original (Considering Cryptonight_Heavy, and Cryptonight_XMR) [1]
Max supply: Infinite (see note below) [2]
Block reward: Smoothly varying [3]
Block time: 120 secondsDifficulty: Retargets at every block_________________________________________
Stats from
UK PoolCurrent Block Reward: 30.1523 XSMCurrent Difficulty: 12109109Current Block Height: 122926/122926Current Network Hash Rate: 100.91KH/secWebsite: myntnote.org (will debut April 2018)
Official Forum: forum.myntnote.org (launching May 2018)
MyntNote Economy • MyntNote Support* • MyntNote Mining • MyntNote Speculation* • MyntNote Dev* • MyntNote large OTC
* self-moderated
#mynt • #mynt-dev • #mynt-otc • #mynt-markets • #mynt-pools
MyntNote (XSM) is a privacy-focused cryptocurrency that is not based on Bitcoin's code.
MyntNote aims to be a fungible and untraceable digital medium of exchange. It intrinsically has a higher degree of privacy than Bitcoin or any of its various forks. It was launched on December 16, 2017 (no premine/ICO/etc.).
AnnouncementsPlease visit News, announcements and editorials on the MyntNote Forum for the latest news.
FeaturesUntraceable payments
Unlinkable transactions
Blockchain analysis resistance
Adaptive parameters
Academic and TheoryMyntNote's functionality is backed up by academic research and cryptographically proven schemes. Much of this research is done by the Monero Research Lab. Since MyntNote was initially based on Monero which in turn was based on the CryptoNote protocol, the CryptoNote whitepaper is an invaluable reference for validating MyntNote's unlinkability and untraceability claims.
The CryptoNote WhitepaperInitial Review of the CryptoNote WhitepaperMRL-0001: A Note on Chain Reactions in Traceability in CryptoNote 2.0MRL-0002: Counterfeiting via Merkle Tree Exploits within Virtual Currencies Employing the CryptoNote ProtocolMRL-0003: Monero is Not That MysteriousMRL-0004: Improving Obfuscation in the CryptoNote ProtocolMRL-0005: Ring Signature Confidential TransactionsAdditional Specifications[1] CPU + GPU mining (about 1:1 performance for now). Memory-bound by design using AES encryption and several SHA-3 candidates.
[2] Initial number of atomic units is M = 264 - 1. However, once the block reward reaches 0.3 XSM per minute (sometime in 2026) that is treated as the minimum subsidy, which means that MyntNote's total emission will forever increase by ~157680 XSM annually.
[3] Uses a recurrence relation. Block reward = (M - A) * 2-20 * 10-12, where A = current circulation. Roughly 86% mined in 4 years (see graph).
Official downloads and links
Getting Started - Follow the guide to set up the software and start mining.
Official forum
Source and binaries
Also see below for optional GUI.
Latest release: 0.11.1.0 Helium Hydra
Source codeDownloads are updated with releases regularly
Blockchain, raw format (
downloads.myntnote.org/blockchain/blockchain.raw) - SHA256: d37de4224433ffc6dd66022154f6a0f7852792a06786c80f8bd0bfba6478e018
Windows, 64-bit (
downloads.myntnote.org/win64/mynt_release-win64.zip) - SHA256: aafc535667ddb71c94a7f408bb1fc5905c18383ba97a54d89e6d33674fb3b64f
Windows, 32-bit (downloads.myntnote.org/win32) - SHA256:
OS X, 64-bit (downloads.myntnote.org/mac64) - SHA256:
Linux, 64-bit (
downloads.myntnote.org/linux64/mynt_ubuntu-release.tar.gz) - SHA256: c1489be6a144d67bd5b23ba4f44128c20d4425d24bf5198a16b42dab7823d260
Linux, 32-bit (downloads.myntnote.org/linux32) - SHA256:
ARMv7 (downloads.myntnote.org/arm) - SHA256:
Donations for general development
LTC:
LfUVH96Ey1jj1FzJSriE9kpSvL2eNzEBG5
BTC:
38jiBKevQHp8zhQpZ42bTvK4QpzzqWkA3K
ETH:
0x59d26980a1cdd75e1c3af516b912a6233aa2f5e4
VERT:
Vdrn92qHDxYjWbeT3adTxncr8GFPYD29Ha
ZCASH:
t1Kmnv9eDqw7VyDWmzSUbjBPrxoY7hMuUCc
CPU, open source -
XSMRIG CPU miner || Port of XMRIG GPU, open source -
CryptoNote-Stak CPU/GPU Miner || Port of FireIceUK'S branch of XMR-STAK]XSM-STAK CPU/GPU Miner || Port of FireIceUK'S branch of XMR-STAK Blockchain explorerExchanges, Services, and Related Projects
Please visit Merchants and services directory
Pools UK Pool CA Pool SG Pool West Pool For an up-to-date list of pools, go to
http://myntpulse.comFAQFor a longer FAQ, check Community FAQ
MyntNote is Based on CryptoNote TechnologyWhat is CryptoNote?CryptoNote is the technology that allows creation of privacy-centric cryptocurrencies. You can visit their website at cryptonote.org. The level of anonymity provided by CryptoNote isn't possible with Bitcoin code base by design. Bytecoin (BCN) was the CryptoNote reference implementation, and Monero (XMR) based their sources on BCN. MyntNote (XSM) is based on XMR's code.
Two of the main features of CryptoNote are ring signatures that mask sender identities by mixing and one-time keys that make transactions unlinkable. Their combined effect gives a high degree of anonymity without any extra effort on the part of the user.
Unlike Bitcoin, your funds are not held in the address you give out to others. Instead, every time you receive a payment it goes to an unlinkable address generated with random numbers. When you decide to spend the funds in that one-time address, the amount will be broken down and the components will be indistinguishable from identical outputs in the blockchain.
For example if 556.44 XSM are sent, the protocol will break it down into 500 + 50 + 6 + 0.4 + 0.04 and a ring signature will be performed with other 500's, 50's, 6's, 0.4's, and 0.04's in the blockchain. Unlike the "CoinJoin" mixing method, CryptoNote mixes outputs not transactions. This means no other senders need to be participating with you at the same time or with the same amounts. Any arbitrary amount sent at any time can always be rendered fundamentally indistinguishable (a mathematical proof is given in the white paper).
The degree of anonymity is also a choice rather than decided by the protocol: do you want to be hidden as one among five or one among fifty? The size of the signature grows linearly as O(n+1) with the ambiguity so greater anonymity is paid for with higher fees to miners.
Ring signatures are explained below. Reproduced from CryptoNote:
A normal signature looks like this. There's only one participant, which allows one-to-one mapping.
A ring signature obscures identities because it only proves that a signer belongs to a group.
This allows a high level of anonymity in cryptocurrency transactions. You can think of it as decentralized and trustless mixing.
How does this compare to other anonymous solutions?Ring signatures originate from the work of Rivest et al. in 2001 and the implementation in CryptoNote relies in particular on Fujisaki and Suzuki's work on traceable ring signatures. There are two other anonymity implementations currently available or in development. One is ZeroCoin/ZeroCash's use of zero-knowledge proofs. The others are based on gmaxwell's CoinJoin idea (such as mixing services for Bitcoin or the altcoin Darkcoin).
1. Comparison with ZeroCoin and ZKP-based approaches:You can read about ZeroCoin and zero-knowledge proofs (ZKP) here. The ZK environment allows an anonymity set that includes everyone in the network because the validity of an output can be proven without knowing the corresponding public key until it is spent. The largest risk is that this is recent research-level cryptography that hasn't been subjected to years of cryptanalysis, so exploits may emerge down the road. Ring signatures are much simpler and more mature, with many peer-reviewed papers published over more than a decade.
Other issues with ZKP include the RSA private key used to initiate the accumulator, which must be trusted to be destroyed by the generating party. It also obscures the entire economy, not just sender/receiver identities. If the ZK system is compromised, then an attacker can continuously spend coins that don't exist using false proofs. This damage is hidden from everybody due to total blinding and consequently at any given time it's not possible to know if the network has already been compromised. There is a tradeoff between these inherent risks and the maximal anonymity set provided by ZKP. CryptoNote aims for a different balance through the dual layers of privacy provided by one-time keys and ring signatures.
2. Comparison with CoinJoin-based approaches:XMR is more qualitatively similar to mixing implementations like CoinJoin. The differences arise in the departure from the Bitcoin protocol, which allows XSM to use new cryptography to provide decentralized and trustless mixing of superior quality. The critical problem with mixing services is the need to trust the operators. As an example, blockchain.info's mixer gives the following disclaimer: "However if the server was compromised or under subpoena it could be force to keep logs. If this were to happen although you haven't gained any privacy you haven't lost any either."
The CoinJoin-inspired Darkcoin performs mixing with selected "masternodes" since it still uses ordinary signatures that can be mapped one-to-one. The motivation is that a randomly selected node is less likely than a single service to exhibit bad faith (such as keeping logs) . In practice, a few VPS companies host the vast majority of nodes and this approach relies on the integrity and good behavior of these nodes. XSM's more fundamental cryptographic approach doesn't have these vulnerabilities and the quality of anonymity is much higher.
XSM's ring signatures are also far more secure and convenient than CoinJoin because they mix outputs not transactions. This means a transaction doesn't involve waiting around for other senders to mix with. Nor is a user restricted to mixing only if others are sending the same amount. Arbitrary amounts can be sent at any time without anyone else's participation. This feature makes a timing analysis of the blockchain useless.
Overview of a transactionBob decides to spend an output, which was sent to the one-time public key. He needs Extra (1), TxOutNumber (2), and his Account private key (3) to recover his one-time private key (4).
When sending a transaction to Carol, Bob generates its Extra value by random (5). He uses Extra (6), TxOutNumber (7) and Carol's Account public key (
to get her Output public key (9).
In the input Bob hides the link to his output among the foreign keys (10). To prevent double-spending he also packs the Key image, derived from his One-time private key (11).
Finally, Bob signs the transaction, using his One-time private key (12), all the public keys (13) and Key Image (14). He appends the resulting Ring Signature to the end of the transaction (15).
