1 Level
6 Review
9 Karma
Review on Bytecoin by Trung Nguyen
If you set up a high anonymity level for your transactions, nobody will knowβ¦
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.
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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
- The anonymous ability also has its bad side.
