Bytecoin is a private and untraceable cryptocurrency launched in 2012
What is Bytecoin (BCN)?
Bytecoin is a peer to peer, open source, decentralized cryptocurrency which enables instant money transfers across the world and safe, secure transactions online. This is perfect for those who want to keep their financial privacy. Instant private transactions are provided all around the world through the Bytecoin Network, and they are untraceable, and they don’t need any additional fees.
Bytecoin (BCN): History
Bytecoin, the first CryptoNote based cryptocurrency launched in July 2012. CryptoNote technology offers absolute anonymity to Bytecoin using Ring Signatures and one-time addresses. This Cryptonote protocol later adopted by several leading currencies including Monero. In 2013, Cryptonote was completely rewritten in C++, improving the security and the protocol received multiple security updates including multi-signature transactions. During March 2015, Bytecoin announced the roadmap for several major future upgrades and releases.
How Does Bytecoin (BCN) Work?
Fiat money transactions are facilitated by an intermediary like a bank, where the success o a transaction depends on the intermediary. Bytecoin transactions are carried out using the Bytecoin network where all of the network participants get to validate the transactions, without ever knowing the personally identifiable information. Bytecoin is almost similar to Bitcoin in its working. The sender needs to submit the receiver’s address and the amount to be transferred. Then it will be validated by the miners. Once, the process is done, then the amount is credited to the receiver’s account and deducted from the account of the sender.
How to buy Bytecoin (BCN)?
First of all, you are required to set up a Bytecoin wallet for storing your coin safe. If it is not possible to buy Bytecoin directly, you can buy it through Bitcoin. You can buy Bitcoin either by using Coinbase or CEX.IO. Then trade it for Bytecoin.
Bytecoin (BCN) Price Prediction 2018
Bytecoin (BCN) price today is $0.005542, and we can expect a surge in its value in 2018. Bytecoin (BCN) price today is $0.005542 and have the current supply of 183,736,803,351 BCN. The market cap value is $1,018,298,762 and the volume is marked as $637,238. Bytecoin price prediction, Bytecoin price forecast, Bytecoin price and news, BCN price forecast, BCN price prediction 2018, What is the price of Bytecoin 2018.