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Review on Bytecoin by Mudashir Yetunde
Bytecoin's algorithmic proof-of-work program CryptoNote developed by BCN…
Bytecoin's algorithmic proof-of-work program CryptoNote developed by BCN developers in collaboration with the CryptoNote team, is designed to make CPU and GPU mining equally economical and prevent ASIC mining. Bytecoin Roadmap contains colored coins and assets and Turing full language for on-blockchain scripts in the near future. It has been split twenty-five times but it still remains the most productive CryptoNote coin in terms of market capitalization.
Pros
- Bytecoin has a key feature that distinguish it from other cryptocurrencies. It runs on the CryptoNote technology. It's one of the totally anonymous cryptocurrency. One of the benefits of this cryptocurrency is that it uses more than one unique crypto currency address to use ring signatures
Cons
- It's untraceability ability makes it a coin choice for people of the dark world like drug dealers, tax evaders,money launderers.
