Created in 2013, Bytecoin is a decentralized cryptocurrency project that aims to provide a more efficient financial system than its competitors. Bytecoin is open source and allows everyone to contribute to its development. Its ecosystem consists of a mobile and desktop wallet, liquidity pools, as well as a range of other DeFi services.
BCN is the project’s native cryptocurrency and has a total supply of 184.46 billion BCN.
What are Bytecoin’s key features and how does it work?
Bytecoin is operated by a network of nodes placed around the globe. This, together with Ring signatures that combine outputs of similar values into one transaction, makes payments on the network untraceable. Address transactions are also obscured.
The Bytecoin network is in constant evolution. For example, the difficulty of the block creation process changes in response to hashrate changes. Furthermore, Bytecoin deploys a smooth emission curve in order to prevent drops in potential mining rewards.
Bytecoin utilizes CryptoNote, an application layer protocol targeted toward solving Bitcoin pitfalls. As such, the mining algorithm Bytecoin uses is Crypto Night developed by Cryptonote. It has a block creation time of 120 and rewards decrease with each block.
As mentioned, the Bytecoin ecosystem comprises a wallet. It is compatible on both desktop and mobile. Users can store their funds and manage their assets 24/7. The mobile wallet allows users to keep conveniently track of assets on the go.
Where can you buy BCN?
BCN is available for trading on the following CEXs and DEXs listed here. The most popular platforms with the highest liquidity are HitBTC and CoinEx. The price of BCN will vary depending on the choice of exchange and overall market conditions. For up-to-date and historic data for BCN market price, please view the price charts on this page.
Bytecoin (BCN) operates on its own blockchain and can be minted.
Bytecoin's current share of the entire cryptocurrency market is 0.00%, with a market capitalization of $ 6.07 Million.
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