Review on Bytecoin by David Olayide
Bytecoin The Effecient Alternative to Bitcoin
The first thing that caught my attention when I came upon Bytecoin is the unique feature of anonymity. More interesting is the fact that this project was developed in 2012 and the developers who made it are still unknown till today. That is how deep the cover goes. So yes I discovered early enough that the project focuses majorly on making traders anonymous and provides total privacy. For traders or client who wants to keep their identity a secret, Bytecoin is the alternative to bitcoin that can help them achieve maximum privacy if they need it.
When I traded bytecoin, I was able to send and also receive my digital coins in private. No information detailing me or my profile as a buyer was used at all. And I should also tell you that Bytecoin blockchain is way faster than that of Bitcoin. Just two minutes was needed for my transfer to be confirmed. That is another reason why I love using the Bytecoin blockchain and digital asset for my crypto transactions.
Mining Bytecoin is relatively easier, as you can easily make use of a normal computer with standard or average capacity to mine coins. Unlike bitcoin that requires heavy system hardware you can mine Bytecoin with less power.
The Bytecoin (BCN) does not have a very high and attractive price for now, but it is expected to pump up in the next few years. You can't compare it to the god of cryptocurrency bitcoin, even though it has more advantages to its own blockchain. So in conclusion, I can say I enjoy making use of the Bytecoin blockchain because of its speed, maximum privacy and the easy mining features too.
So if you need any of the features I mentioned up there, feel free to engage the project and enjoy the benefits.
Pros
- Highly scalable project that is faster than Bitcoin
- Maximum privacy and anonymity features
- You can mine Bytecoin much easily
Cons
- The price is low for now and so its not very profitable
- Its developers are unknown
