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What is Bytecoin all about
Bytecoin is a privacy coin that uses Cryptonote ring signatures to keep transactions anonymous. It was created in 2012 and is one of the earliest cryptocurrencies to ever exist after Bitcoin. Monero, one of the most popular privacy coins to exist till date, is a fork of Bytecoin.
Bytecoin wanted to keep the transactions untraceable and unlinkable. For every transaction, Bytecoin develops a one-time public key and vanishes once the transaction is completed. This way the transactions can’t be traced. Bitcoin utilizes one-time ring signatures to eradicate linkability by mixing your signature with other signatures of other accounts. This way the transaction can’t be linked with the sender of the transaction.
Bytecoin uses Egalitarian Proof-of-Work (PoW) as their consensus mechanism. Egalitarian PoW differs from Bitcoin’s PoW is that the skrypt function in Bytecoin is not memory bound while the hashcash in Bitcoin is. Skrypt reduces the dependency of mining on expensive GPUs and also supports CPU mining rigs.
Bytecoin reduces the rewards to their miners with every block based on a linear function. There are currently close to 184 billion BCN coins in circulation right now. Bytecoin (BCN) is the native cryptocurrency of Bytecoin’s network which is used for transactions, governance, and rewards.
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BCN Questions & Answers
What is the Bytecoin price today?
Today's price of Bytecoin is 0.00016180 Euro.
What was the price of Bytecoin at its highest?
The highest price of Bytecoin was registered on 2018-05-08, when it was at 0.12 EUR.
What is the price of Bytecoin going to be in three months?
Using our prediction we suspect that Bytecoin's value is likely going to reach between €0.00020036 and €0.00068122 in three months time.
What will Bytecoin be worth in half a year?
Long term projections are very difficult, however in accordance with our prediction we suspect Bytecoin's value will be between €0.00020036 and €0.00068122 six months from now.
Is Bytecoin going to cost more in 30 days?
In accordance with our prediction, we suspect the price of Bytecoin will reach between €0.00020036 and €0.00064487 in one month time.
Is Bytecoin popular among online users?
17032 individuals were engaging in discussing Bytecoin on Reddit in the last 48 hours. The official Bytecoin Twitter account is currently followed by 39282 users.
10 days Bytecoin price forecast
Long term Bytecoin price prediction