Review on Bytecoin by Mehdi hazni
BCN bytecoin
First of all, I want to share my personal experience with this currency. bytecoin was one of the first cryptocurrencies I bought in 2017. I remember this currency was one of Dogecoin's competitors and it was close to dogecoin, but in the last two years, this currency has dropped so much that it is not even in the top 100 currencies. I even remember many people calling it the second bitcoin.
In the following review, I will explain a bit about the performance of this network:
bytecoin is an open source cryptocurrency. Therefore, anyone can become a user of this currency and participate in network operations voluntarily. All you have to do is download the special software that a wallet creates for you.
Unlike traditional currencies, transactions between bytecoin users are done over the Internet. The privacy of the transaction is guaranteed by secure encryption algorithms so that no one can identify the amount of money or who sent the money.
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Pros
- Information security is more observed in this project compared to Bitcoin.
Cons
- Contrary to expectations, it has dropped significantly compared to recent years.
- Due to the drop in total market (Market Cap) value, I do not recommend long-term investment in this currency.
