Review on Bytecoin by Vo Thu

Name: Bytecoin
Item: Bytecoin
Rating: 3

September 15, 2018

You can receive and make instant transactions without any fees all around the…

You can receive and make instant transactions without any fees all around the world. This is possible due to transaction processing being conducted by network users who are rewarded by the network itself. The only thing you need to do is download the special software to create the wallet Bytecoin for you. With the help of this software, you can completely send money to others and receive payments from them.
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Pros

Bytecoin is a private, decentralized blockchain platform that works as an open-source code system. This allows everyone to involve in the network. It seems to be one of the best blockchains that assure users about high financial privacy. Like Bitcoin or Ethereum, Bytecoin is traded entirely on the Internet.

Cons

Higher fee, the faster processing of transactions, lower fee, the transaction will be processed slower. Bytecoin couldn't support any hardware wallet so users can not save their bytecoin securely. I heard there would be a fix, but until that hapens, its seen as a con on this project.