Bytecoin (BCN) Cryptocurrency Review – What is Bytecoin? Bytecoin has one vital distinction from other cryptocurrencies: it’d been the primary altcoin supported CryptoNote technology. The altcoin is frequently known as a”totally anonymous cryptocurrency”. A quantity of the benefits of the cryptocurrency embraces the use of ring signatures farther as one-time cryptocurrency addresses.
Another special characteristic of Bytecoin is it wasn’t created from a branch of bitcoin code. Instead, it was coded from scratch.
Bytecoin (BCN) is a cryptocurrency first launched back in July 2012. When it started, it had been priced at approximately 10 satoshis, and it remained at that price for most of its history. However, the price of BCN rose suddenly on May 17 to a record high of 109 satoshis around Poloniex.
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK
Bytecoin”protects user’s money with all the foremost protected and fashionable cryptographic algorithms” that”are not possible to hack”. The makers of Bytecoin claim that hacking on the currency”would need a Brobdingnagian quantity of pricey electricity and procedure power of a supercomputer”. Because of this, you’re the sole person that will access your wallet.
Some reports online will inform you the creators of Bytecoin really are a mysterious group of people. However, that’s not really true: that the complete list of staff members and Bytecoin developers is recorded publicly on Bytecoin.org.
There are two ways to acquire Bytecoins: you can donate to network care using your computer’s processing ability; or, you can buy Bytecoins directly from trades (most major exchanges list BCN).
