The best way to define CryptoNote is as a mixture of an algorithm called CryptoNight which operates hand in hand with protocols known as Ring Signatures. The process is simple, each transaction uses a single-use public key which is used by several users, which prevents the centralization of decisions. Under this modality, a public key is used for a single transaction, but simultaneously in multiple operations, their speed is improved. The data footprint is also reduced by keeping the information off the Blockchain.