Bytecoin (BCN)

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Bytecoin (BCN) is a privacy focused cryptocurrency that was launched in 2012 by an anonymous set of founders. The token took direct inspiration from Bitcoin, but the developers wanted to overcome the shortcomings of Bitcoin i.e. addressing the fact that it did not provide true anonymity. 

Stating that it is the first private untraceable cryptocurrency, Bytecoin employs the ring signature technology to make transactions unlinkable and untraceable and is the earliest cryptocurrency to be based on the CryptoNote application layer. Based on a protocol that was first designed in 2001, Bytecoin uses one-time public and private keys in transactions to make it unlinkable for spectators. 

Several other privacy token projects exist, each taking its own approach to offering true anonymity for the user. Most of these projects offer a degree of visibility to allow for such things as auditing. Bytecoin has implemented this as a part of its Amethyst software upgrade, which brought in the auditable wallet feature - allowing outsiders to view held assets without revealing their identity.

Initially keeping their profile low key, those involved in the development of Bytecoin have over the years opened up several communication channels to keep investors informed of progress. The most recent development is the launch of the Bytecoin Blockchain Bridge, which connects the BCN-20 token to the Ethereum blockchain. Other developments in 2019 include a mainnet hardfork. 

The rest of 2019 and 2020 will see several major upgrades. Copper v3.6.0, which will bring secure messaging capabilities, is expected to be completed in September, while October will bring the alpha version of hidden amounts, which hides transaction amounts.

Bytecoin used as payment methods in the WebSite Builder platform by the community

16 Nov 2020 1 minute read 0 comments @BytecoinBiz globally represents IT communities in different countries. To support programmers, contractors and software companies will launch dedicated platforms: WebSite Builder, Application Builder, Mobile Builder. The Community’s aim...

Bytecoin used in application development

30 Oct 2020 1 minute read 1 comment @BytecoinBiz

  About Bytecoin Bytecoin (BCN) was launched on July 4, 2012 and was written in the C++ programming language. The source is open so anyone can view and, depending on abilities, edit the code. It is based on CryptoNote.     Bytecoin Business The globa...

About Bytecoin Business

30 Oct 2020 1 minute read 0 comments @BytecoinBiz

  Who are we? What Is Bytecoin? What business plan do we propose? Who can join?​In this article, we want to respond to these questions   Who are we? It all started 3 years ago when we got to know each other in the Bytecoin community, public chat grou...

Avoid this 5 Altcoin in 2020

31 May 2020 3 minute read 7 comments Cryptohem

Altcoin are those cryprto coin other than Bitcoin.Everyone used to said that the Altcoin season is started. And Altcoin season is a time when all the coin other than Bitcoin could experince price increase that will blow peoples mind. Yes there are ma...

Does Bitcoin Really provide anonymity and privacy? The Solution is Privacy Coins

7 Nov 2019 4 minute read 2 comments ModernEuler

What is Bitcoin? Bitcoin is, according to Nakamoto's white paper, a purely peer-to-peer version of electronic Cash, would allow online payments to be sent directly from one party to another without going through a financial institution. Privacy fe...

What is Bytecoin (BCN)? [A Comprehensive Guide to Understanding Bytecoin]

4 Nov 2019 6 minute read 2 comments Mr.CryptoWiki

Back in the early days of Bitcoin (BTC), it was widely believed that Bitcoin was an anonymous cryptocurrency. People believed you could use it to buy illicit products and services on the dark web without it ever being traced back to them.  Even today...

Eobot mining and Electroneum yield

16 Jun 2019 1 minute read 5 comments cryptovato1

The day before yesterday I bought a contract for 10 years on Eobot. I invested a total amount on April and 2 days ago around 30 dollars.  The yearly rate today  is about USD 15.40 dollars. When there is a flat or bearish trend, it might go down to 9-...

Bytecoin/Bitcoin (14 May) #BCN $BCN #BTC $BTC

14 May 2019 1 minute read 0 comments CryptoStation

BCN is in an extremely bad position and shouldn't buy anymore. The best buyzone of BCN is 5sts, current price is 14stsIt seems that the lack of informations on price leverage has made BCN become gradually weak and disappearIf BCN has a bull-run in th...

Bytecoin (BCN) - The Untraceable

26 Mar 2019 2 minute read 0 comments fycee

We often peep to the previous transactions of Peer2Peer payments in Bitcoin to check whether this particular address has been existing and really giving payments when we deal with unknown people we come across the social media. Though transparency is...

Let's make money work for yourself: 220 Bytecoins per month on Eobot.

8 May 2019 2 minute read 0 comments cryptovato1

You may ask yourself: Is it really worthy? Well, I get around 400 Bytecoins per month = 0.35 US dollars on May 8th, 2019.  220 Bytecoins (BCN) come from Cloud Mining, 180 BCN from Faucet per month. Let's do the math: How much is 1 Bytecoin? 1 Bytecoi...