1 Level
6 Review
12 Karma
Review on Bytecoin by Phuc Nhi Khang
Another unique feature of Bytecoin is that it wasn’t made from a fork of…
Another unique feature of Bytecoin is that it wasn’t made from a fork of bitcoin code. Instead, it was coded from scratch. This is where things get confusing: some people call bitcoin forks Bytecoins (BTE), which is different from Bytecoin (BCN), the currency we’re talking about today. I think the potential of Bytecoin is higher and it has to be more promoted. I see no reason that speaks against this currency. When I think in the past how ripple was unknown and suddenly it jumps, then I see here the same potential.
Pros
- The transaction fee will be calculated based upon what the user would like to pay. The higher the fee they will offer the faster their transaction will be processed. This fee will be regulated by the market. Higher fee, the faster processing of transactions, lower fee, the transaction will be processed slower. About smart contracts, that is more directly connected with Ether. The Bytecoin team is working on anonymous tokens but this is still a good deal away.
Cons
- I don't see the actual application from the platform.
