1 Level
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36 Karma
Review on Bytecoin by Hadu KenTiger
The only thing you need to do is download the special software to create the…
The only thing you need to do is download the special software to create the wallet Bytecoin for you. The fact that Bytecoin is still available convinces us that is worth our investments. Bytecoin is different from other cryptocurrency platforms due to the fact that it’s the first altcoin based on CryptoNote technology. Bytecoin is an open cryptocurrency. If you decide to start using the currency, you can voluntarily take part in the operation of the network. The only thing you need to do is download special software that creates a wallet for you. Using this software, you can start sending money to other users or receive payment from them.
Pros
- As with any altcoin outside of the top 5 or 10, there’s a potential to earn mining profits from Bytecoin right now. Ever since the price surged, there’s been an enormous growth in mining activity. However, the algorithm of Bytecon which is known as CryptoNight was created by BCN developers in collaboration with CryptoNote team.
Cons
- Fee-free instant international payments: The Bytecoin network works as fast as the internet. Your payments will take a little bit of time to process, as payments require cryptographic confirmation. Bytecoin claims transactions are processed in about 2 minutes
