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Review on Bytecoin by Tan Binh

Revainrating 4 out of 5

Like Bitcoin or Ethereum, Bytecoin is traded entirely on the Internet. The…

Like Bitcoin or Ethereum, Bytecoin is traded entirely on the Internet. The privacy of the transaction is protected by secure cryptographic algorithms, so that no one can determine who is sending the money, who the recipient is, and how much money is being exchanged.
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Pros
  • Bytecoin virtual currency transaction processing is carried out by the entire user network. However, no participant has access to the transaction details. All transfers are anonymous.
Cons
  • no profit for the miner.

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