Bytecoin

Bytecoin

Publish date:

2022-05-19

Update date:

2022-05-19

Author:

Cryptonote Technology

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Bytecoin is a private, decentralized cryptocurrency with an open source code that allows everyone to take part in the network development of Bytecoin. Privacy and security are naturally proponents of Bytecoin and it’s best solution for those who want to keep their finances private.

Bytecoin is decentralized

Bytecoin is a cryptocurency that works on the blockchain operated by a multitude of nodes around the world.

Payments are untraceable

Bytecoin uses Ring signatures to mix different outputs of similar value into one transaction, making it nearly impossible to deduce where the money came from. On theBytecoin blockchain all addresses are obscured.

Transactions and addresses are unlinkable

Bytecoin allows users to generate numerous unlinkable one-time addresses from a single set of keys. This makes it nearly impossible to establish a connection between transactions or addresses.

Bytecoin’s parameters are adaptive

Bytecoin readjusts the difficulty with every block to react to even the slightest hashrate changes. In addition, Bytecoin’s emission curve is smooth which prevents mining reward drops.

Bytecoin is omnipresent

Bytecoin has a continiously growing ecosystem of partners, integrators, merchants, and mining pools, making it available worldwide.

Bytecoin is evolving

Bytecoin is an open-source software project, where everyone can contribute to and keep up with the project’s development.