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Bytecoin (BCN) Cryptocurrency Review

Bytecoin (BCN) Cryptocurrency Review

Bytecoin (BCN) Cryptocurrency Review

There are two approaches to acquire Bytecoins: you are able to donate to network care using your computer’s computing power; yet, you can buy Bytecoins straight from trades (most major trades listing BCN).

Bytecoin (BCN) is a cryptocurrency first launched back in July 2012. When it started, it was priced at roughly 10 satoshis, and it remained at the price for the majority of its history. However, the purchase price of BCN increased abruptly on May 17 to a record high of 109 satoshis around Poloniex.

Bytecoin has just one critical distinction from other cryptocurrencies: it had been the first altcoin supported CryptoNote technology. The altcoin is usually called a”totally anonymous cryptocurrency”. A quantity of the benefits of the cryptocurrency adopt the use of ring signatures farther as one-time cryptocurrency addresses.

RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

Another unique feature of Bytecoin is it wasn’t created from a fork of bitcoin code. On the contrary, it had been coded from scratch.

Bytecoin”protects consumer’s cash with all the foremost protected and stylish cryptographic calculations” that”are not possible to hack on”. the producers of Bytecoin claim that hacking the currency”would require Brobdingnagian amount of expensive electricity and process power of a supercomputer”. For that reason, you are the sole one that will access your wallet.

Some reports online will inform you that the creators of Bytecoin are a mysterious team of individuals. However, that’s not really true: the full list of team members and Bytecoin programmers is recorded publicly on Bytecoin.org.

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