1 Level
6 Review
2 Karma
Review on Bytecoin by Azeez Stephen
Unlike fiat money transactions, where your money is processed through an…
Unlike fiat money transactions, where your money is processed through an intermediary, bank, or financial institution, transactions between Bytecoin users are carried out over the Internet which makes the transactions much more reliable. Transaction privacy is protected by secure cryptographic algorithms whereby no one can identify who sent the money, who the receiver was, and what amount of money was transferred.
Pros
- Another revolutionary project that kick started in the year 2012. Bytecoin is an open-sourced decentralized cryptocurrency with untraceable payments, which is the major attribute for which it is known, and for which I picked interest in its operations
Cons
- I actually have a problem with the supply of BCN. 184 Billion BCN is way too much for such a project
