Review on Bytecoin by Yinka Yemisi
Bytecoin is an open source that allows anyone to participate in developing it network
Bytecoin is a privacy decentralized. It also an open source cryptocurrency, been an open source cryptocurrency make it possible for everyone to participate in developing it networking. It gives financial solutions for anyone who wish to conserve his privacy.
Bytecoin network is built on three principles
The first one is self regulations which gives users to dictate the cost require incured for currency operation. System can also detect the most optimal state when the operating efficiency is high.
Secondly it open, being an open source networy, it means that anyone who wishes to join uses the currency and support the system.
Thirdly, elgalitarialism, any computer using it network, the system will display it's effeciency both specialized and non specialized.
It has a fully functioning web, it has mobile and desktop wallet, this features make it easier to use Bytecoin because with your mobile device or desktop you are good to use it's network.
Pros
- Transactions on Bytecoin are carry out within the 120 seconds
- It network is reliable and
- Either by mining or buying BCN on crypto exchange, anyone can be part of Bytecoin ecosystem
- BCN transfer is encrypted with Secure cryptography algorithm no one can who send or receive it and how much money was sent.
- It transaction is unlockable and untraceable
Cons
- It coin is prone to manipulation
- It has a low trading volume
- It has be accused of market manipulation
New products
Comments (2)
May 23, 2020
Bytecoin is an open source cryptocurrency been an open source cryptocurrency made it possible for everyone to participate in developing it networking. It's gives financial situation to those who wish to conserve his privacy.
May 23, 2020
One of the principles on which Bytecoinmis built on is Self Regulation which indicates that the Bytecoin financial system is a decentralized network that allows self-control for the costs required in the operation of the currency. It enables the system to identify the most optimal state when the operating efficiency is the highest.
