1 Level
6 Review
9 Karma
Review on Bytecoin by Thoson Summir
Mining in the resulting network generates new money, serving as a reward forβ¦
Mining in the resulting network generates new money, serving as a reward for users who use their computing power to process transactions.
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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
- Daily trading volume is low.
