1 Level
6 Review
1 Karma
Review on Bytecoin by Phillips Spencer
I have my investments here and to the best of my knowledge, Bytecoin has one…
I have my investments here and to the best of my knowledge, Bytecoin has one important difference from other cryptocurrencies: it was the first ever altcoin based on CryptoNote technology. The altcoin is frequently called a “totally anonymous cryptocurrency”. Some of the advantages of the cryptocurrency include the utilization of ring signatures as well as one-time cryptocurrency addresses. 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.
Pros
- BCN has a dedicated development team and it is quite big in terms of total number of contributors. Frequent updates and a genuine approach to its usecase is paramount amongst the founders and the team. The communty too is bubbling an I like the energy there anytime am free to read up chats
Cons
- Wallet stability issues. I heard it will fix and test all bugs in new release. I heard there would be a fix, but until that hapens, its seen as a con on this project.
