Review on Bytecoin by Olugbenga Ajayi
Bytecoin for better privacy
Bytecoin project was created in 2012 . It is a private decentralized cryptocurrency with an open source code.
The primary objective for this project is to protect users privacy from end to end. It use an egalitarian proof of work which allows people to mine using basic GPUs and CPUs. This results into a very fast system. BCN the coin of bytecoin is one of the coin that can be mined with a PC rather than the ASIC rig.
Pros
- It uses both public address and public keys and hide all the connections of both the sender and the receiver
- It protect against at least 51% attacks.
- It's transactions usually take 2minutes only
- It has user friendly, fast and secure trading platform
- Asset stored is safe and reliable
Cons
- A fork project that created monero could undermine it's privacy objective
