1 Level
6 Review
12 Karma
Review on Bytecoin by Cau Chuyen
If you set up a high anonymity level for your transactions, nobody will know…
If you set up a high anonymity level for your transactions, nobody will know where you receive money from or where you send it. This is entirely impossible to figure out,Transaction processing requires a significant amount of computing resources. Users who join the network can allocate time to the computer to process the transaction. As a reward they receive the BCN. This process is called mining.
Pros
- Bytecoin algorithm does not allow other users to know the balance of your wallet, you send money as well as where to get your money.
Cons
- The anonymous ability also has its bad side.
