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  • New crypto platform! FREE 0.02BTC for everyone! Will end on June, 20 June 14, 2019
    Hello! PROMOCODE FOR 0.02BTC: EntryBonus Website: What can you do with this money? You can instantly withdraw it or play roulette and win more! How to get your btc? (0.02 BTC ~ 150$) Just enter this code: EntryBonus in your profile settings (promocode) Video proof: What is the reason for the site to […]
  • Bytecoin Amethyst v3.4.3, v3.4.4 & v3.4.5 Extended Release Notes June 14, 2019
    submitted by /u/BCN_official [link] [comments]
  • The Bytecoin Tech Rundown (new post format) June 14, 2019
    Dear Bytecoin users, ​ We always want to keep our community informed and updated. That's why we've decided to start making short reports on the technical side of our work to shed light on our current work and plans. This will help you observe our working process. Here's a sneak peek at our recent progress: […]
  • Jenny on why the Bytecoin team prefers to stay anonymous June 14, 2019
    This week we would like to describe why we at the Bytecoin team prefer to stay anonymous. In the modern digital world, privacy is an ever-diminishing asset. As developers of one of the most secure payment systems in the world, we stand for privacy and provide users with the instruments necessary to keep theirs. Accordingly, […]
  • Max’s Corner: Apple and Facebook and the (Not So) Great Crypto Arms Race June 14, 2019
    submitted by /u/BCN_official [link] [comments]
  • Why do I need to get the new version of Bytecoin Amethyst (v3.4.5)? June 14, 2019
    submitted by /u/randomcoinhodler [link] [comments]
  • What is Bytecoin? June 13, 2019
    submitted by /u/ComplexWaltz [link] [comments]
  • #2 Coinex June 12, 2019
    A Chinese exchange. 65M dollar valume traded today. What community should do: Go to their twitter page and write a reply or mention them and ask them list Bytecoin(Do not forget hashtag #Bytecoin). What Bytecoin team should do: Just fill the listing form. Please!!!!!!!!!!!!! Please!!!!!!!!!!! MAKE BYTECOIN GREAT AGAIN. (Do not forget 100 […]
  • #1 Sistemkoin June 12, 2019
    Sistemkoin is a Turkey exchange that had 309M trading value for today. All you need to do is mention or reply them in Twitter and ask them for listing Bytecoin. MAKE BYTECOIN GREAT AGAIN submitted by /u/alireza928 [link] [comments]
  • Listed on bitprime June 11, 2019
    It seems easy to being list on small exchanges. I think we should continue this. Let's start with another: beaxy Go to their twitter account and ask them to list Bytecoin. submitted by /u/alireza928 [link] [comments]

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What Is ByteCoin ?

Bytecoin (BCN) is the first cryptocoin using the CryptoNote technology that was released in July 2012 along an open source code created for anonymous cash settlement. Impassive and anonymous transactions are what protect the privacy of the Bytecoin users.

This currency is independent and evolves separately from Bitcoin and its alternatives. The unique CryptoNote technology is the starting point for the making of Bytecoin.

Bytecoin makes use of software that’s available for free to anyone. Crypto coin uses the Proof-of-work principle, also known as “Proof of work performance”.

Bytecoin uses a different mining algorithm as the AES command system is the one actively used for the x86 microprocessors with big memories, resulting in less efficient mining on the GPU when compared to Bitcoin.

The algorithm used is CryptoNight, a one of a kind type. The ring signature is the core of the algorithm and this is what give today’s top program anonymity. Ron Rivest, Yael Taumann and Adi Shamir invented the cryptographic foundation for the protocol in 2001, but it was E. Fujisaki and K. Suzuki who finished it in 2007.

Daniel Bernstein, an American mathematician, proposed the EdDSA scheme which is now the signature algorithm. Further transaction blurring was added to that base.

Because of CryptoNote and the obscuring added to the protocol, submissive mixing is given: all transactions in the system are done anonymously and everyone involved can use credible deniability, should a capture take place.

Bytecoin promotes itself as a totally incognito altcoin. Bytecoin mentions the next characteristics:

International payments with no limits and on the spot: the Bytecoin network is just as fast as the internet. Almost not transaction is processed on the spot since confirmations are needed for them to take place. However, Bytecoin says their payments will be done in no more than 2 minutes.

Safety: Bytcoin uses modern and secure crypto algorithms to protect the money of their users, and these algorithms are currently impossible to hack. [citation needed] Those who created Bytecoin said that one will need a lot of electricity and computing power from supercomputers to break into a crypto currency, which is expensive.

Safe personal details: Bytecoin affirmed that there’s no way to obtain any information regarding the financial transactions of an user, nor their wallet’s balance, especially if they don’t ever want to disclose this data. It is up to the user to share these details, as well as what exactly they share with a third party.