The price of Bytecoin gradually became more expensive over time, as the issue was limited to 184.47 billion BCN. Quantity released every 120 seconds slightly decreased. As a result, BCN increased its value and increased the exchange rate.
Pros
Bytecoin is international in nature. Bytecoin enables global secure and secure transactions, providing the convenience of currency transactions completely free of charge.
Cons
It should promote marketing and community building.
If you set up a high anonymity level for your transactions, nobody will know where you receive money from or where you send it. This is entirely impossible to figure out.
Pros
Your project sounds good, the structure and the concepts was very good, users are more engaged and ready to join the project. That's why the project is going to far. I hope this project get more success in the future. So keep it up guys and all the best for your bright future.
All Bytecoin virtual currency transactions are made in 120 seconds. The miner ensures that the transaction is handled correctly and provides password protection for transactions and personal data.
Pros
Bytecoin (BCN) is an open-source cryptocurrency that is decentralized, Bytecoin is created using CryptoNote technology. Anyone interested can join the Bytecoin network and participate in the currency development.
If you set up a high anonymity level for your transactions, nobody will know where you receive money from or where you send it. This is entirely impossible to figure out.
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.
All Bytecoin virtual currency transactions are made in 120 seconds. The miner ensures that the transaction is handled correctly and provides password protection for transactions and personal data.
Pros
One of the projects that has long been on the market. I think the price will surely go up because the project is very famous and it is developing. If the developers adopt it for the market and micropayments, this will be a stunning success.
The price of Bytecoin gradually became more expensive over time, as the issue was limited to 184.47 billion BCN. Quantity released every 120 seconds slightly decreased. As a result, BCN increased its value and increased the exchange rate.
Pros
One of the projects that has long been on the market. I think the price will surely go up because the project is very famous and it is developing. If the developers adopt it for the market and micropayments, this will be a stunning success.
Cons
is a long and aging platform that needs upgrading.
Mining in the resulting network generates new money, serving as a reward for users who use their computing power to process transactions.
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.
All Bytecoin virtual currency transactions are made in 120 seconds. The miner ensures that the transaction is handled correctly and provides password protection for transactions and personal data.
Pros
Bytecoin (BCN) is an open-source cryptocurrency that is decentralized, Bytecoin is created using CryptoNote technology. Anyone interested can join the Bytecoin network and participate in the currency development.
Cons
I don't see the actual application from the platform.
Miners can not access the user's financial data because Bytecoin protects the identity of the sender and recipient, and hides the amount transferred.As a reward, miners receive about 65,000 BCN every 120 seconds. This approach allows for the release of new currency and non-fee transactions.
Pros
Bytecoin is international in nature. Bytecoin enables global secure and secure transactions, providing the convenience of currency transactions completely free of charge.
Bytecoin is an open process that uses computer power from all members of the network. Every user can join the Bytecoin network and participate in the Bytecoin release process.
Pros
Your project sounds good, the structure and the concepts was very good, users are more engaged and ready to join the project. That's why the project is going to far. I hope this project get more success in the future. So keep it up guys and all the best for your bright future.
Cons
The community is not big enough and not connected.
Another unique feature of Bytecoin is that it wasn’t made from a fork of bitcoin code. Instead, it was coded from scratch. This is where things get confusing: some people call bitcoin forks Bytecoins (BTE), which is different from Bytecoin (BCN), the currency we’re talking about today. I think the potential of Bytecoin is higher and it has to be more promoted. I see no reason that speaks against this currency. When I think in the past how ripple was unknown and suddenly it jumps, then I see…
Pros
Bytecoin has one important difference from other cryptocurrencies: it was the first ever altcoin based on CryptoNote technology. The altcoin is frequently called a “totally anonymous cryptocurrency”. Some of the advantages of the cryptocurrency include the utilization of ring signatures as well as one-time cryptocurrency addresses.
Cons
The platform isn’t so unique nowadays, because of many new altcoin networks that provide the same services as BCN. It’s complicated to get renewed every time a new cryptocurrency appears. There are users that aren’t excited about the Bytecoin Wallet. They say it doesn’t synchronize all the time as it should.
During transaction processing users have no access to the information concerning sender, receiver, or the amount of money transferred. As with any altcoin outside of the top 5 or 10, there’s a potential to earn mining profits from Bytecoin right now. The Bytecoin network works as fast as the internet. Your payments will take a little bit of time to process, as payments require cryptographic. The Bytecoin team is working on anonymous tokens but this is still a good deal away. no like !
Pros
They are one of the oldest blockchain projects. They wan’t to improve Bitcoin and not consider Bytecoin as a Bitcoin replacement, It does not catch the attention of the media specialized in crypto and so little of the investors, perhaps for the reasons cited as contrary. This is an unconvincing argument, do not forget the golden rule: Invest only what you can afford to lose!
Cons
That is encouraging. Public acceptance. Put in big picture, the reason ripple up because Amex and Asian banks willing to take it as settlement protocol, bytecoin wallet is so much difficult to install and bytecoin total supply is too much more than185 billion, so buyers are not comfortable.
Transaction processing requires a significant amount of computing resources. Users who join the network can allocate time to the computer to process the transaction. As a reward they receive the BCN. This process is called mining.
Pros
v3.3.0 Extended Release Notes have been released on the Bytecoin official blog. You may check them out here:
https://bytecoin.org/blog/Max%20Hasselhoff,%20Technical%20Support%20and%20Integration%20Engineer
Like Bitcoin or Ethereum, Bytecoin is traded entirely on the Internet. The privacy of the transaction is protected by secure cryptographic algorithms, so that no one can determine who is sending the money, who the recipient is, and how much money is being exchanged.
Pros
The Bytecoin web/mobile wallets now support Korean and Japanese. Users can access either wallet on the Bytecoin website at:
https://bytecoin.org/downloads
Cons
I think total BCN supply exceeded. 184,470,000,000 BCN
There are two ways to earn Bytecoins. You can join network maintenance and get rewards for it, or buy BCN directly on the exchange.
Pros
Bytecoin will be integrated into Satowallet in their new Android, IOS, and PC App upgrade!
https://twitter.com/SatoWallet/status/1037673513631526912
Cons
What functions will be available after hardfork? Will the project be integrated into payment systems and how will the scalability problem be addressed?
Bytecoin is a private, open-source crypto project since 2012. By focusing on the decentralization, fully anonymity and untraceable transactions, these are, nowadays, becoming more and more highly-demanded trend. Bytecoin could become a unicorn in the blockchain space.
Pros
long-term established project in crypto space since 2012 till now, It is an evidence for the truly professional team, legitimate project. supporting by a huge community, Bytecoin is a project based on cryptonote technology which allows free-fee instant transaction. #BCN could be considered as long-term project investment.
Cons
Bytecoin's technology (CryptoNote) seems less unique nowadays. There are few crypto projects currently consider as most direct competitors such as Zcash, Monero, Horizen, etc.
Bytecoin is a private and decentralized cryptocurrency featuring an open-source code platform.
Bytecoin is a crowd-proven product in terms of security and privacy, and is seen as a solution for people looking for financial privacy through cryptocurrency
Bytecoin allows users to process personal transactions instantly anywhere in the world. Not all transactions are fully trackable, so there is no extra charge.
Pros
The reliability of Bytecoin comes directly from the fact that it helps the user. The power of the computer can be assigned to network operations. The reliability of Bytecoin is determined by the combined processing power of the computer processing the transaction. As the number of computers increases, processing power improves and network reliability improves. In other words, money in your wallet is already protected for every transaction. The security of money does not depend on the reliability of the network and is always secure.
All Bytecoin virtual currency transactions are made in 120 seconds. The miner ensures that the transaction is handled correctly and provides password protection for transactions and personal data.
Pros
Bytecoin is international in nature. Bytecoin enables global secure and secure transactions, providing the convenience of currency transactions completely free of charge.
Still Bytecoin is a good coin to invest, still remains pioneer crypto that is based on the CryptoNote technology. The technology itself is brilliant using Ring Signatures to hide wallet balances and transactions enhancing privacy & anonymity of your assets.
Pros
First coin based on CryptoNote technology, the platform itself has an quite strong security, thus not prone to hacking. It has privacy control integration and the team behind seems reliable.
Cons
Many new altcoins i guess like Zcash, Monero improvised the same platform as Bytecoin so it is not already unique then others users say its wallet doesn’t synchronize well.
Bytecoin enhances security and anonymity by obfuscating BCN's sender and recipient's trade addresses.
The bytecoin roadmap for the future is clear. Encryption Call Anonymity is a development team's top priority, but Bytecoin plans to introduce more features in the future, including lightweight wallets such as smartphones and a scripting language to create intelligent feature contracts.
Pros
By wrapping the address with an encryption algorithm called CryptoNote, transaction analysts and block chains can not pinpoint the elements involved in a transaction. Because a ring signature is shared among multiple users, it is possible to identify the user group that created the transaction, but not the specific user in that group.
Cons
The project isn't as safe and anonymous as it claims. There's been a report from a cryptocurrency forensic analyst about to trace transactions on the bcn network among other cryptocurrencies.