Review on Bytecoin by Nhat Ngoc

Name: Bytecoin
Item: Bytecoin
Rating: 3

September 15, 2018

While other virtual currencies have fallen sharply on each block, the Bytecoin…

While other virtual currencies have fallen sharply on each block, the Bytecoin release is slowing, to protect the currency from economic shocks.
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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