Bytecoin is the first cryptocurrency created with CryptoNote technology. Bytecoin allows users to make absolutely anonymous money transfers through the CryptoNote algorithm. CryptoNote uses CryptoNote ring signatures to provide anonymous transactions and allows you to sign a message on behalf of a group. The signature only proves the message was created by someone from the group, but all the possible signers are indistinguishable from each other.
Even if outgoing transactions are untraceable, everyone may still be able to see the payments received and thus determine one's income. By using a variation of the Diffie-Hellman exchange protocol, a receiver has multiple unique one-time addresses derived from his single public key. After funds are sent to these addresses they can only be redeemed by the receiver; and it would be impossible to cross-link these payments.
As a primarily peer-to-peer (p2p) payment system, Bytecoin has many of the same use-cases as Bitcoin. Created in 2012, Bytecoin is one of the earliest developed cryptocurrencies. Until recently, the team behind the coin has kept themselves anonymous. Now, though, they’ve opened up multiple communication channels, removed some layers of anonymity, and even built several local communities.
Bitcoin’s PoW consensus algorithm heavily favors miners that use powerful GPU and ASIC machines over those trying to mine with CPUs. This causes the network to centralize around the more powerful miners. Bytecoin attempts to close the gap between these two classes of miners with a new algorithm, Egalitarian Proof-of-Work (PoW). Egalitarian PoW uses a version of skrypt, a proof of work function similar to the hashcash function used by Bitcoin. The difference between the two is that scrypt isn’t memory bound. Because of this, you can produce highly efficient CPU mining rigs. GPUs will always be about 10 times more effective, though.
The Bytecoin project has been fairly fractured since its inception in July 2012. Previously, several isolated teams worked on the project without seemingly communicating with each other. This led to numerous forks and versions of the coin. In July 2017, the team decided to change their image and provide more transparency to the community. The team still remains pseudo-anonymous by only providing names and headshots on their webpage – no bios or social media links. But, it’s tough to expect more from a project that’s focused on privacy. The team has been busy at work refactoring their code and are planning to release a new public API on February 6, 2018. They’ll also be entering the Asian, Middle East, and African markets throughout 2018.
Wo kann man Bytecoin kaufen?
Sie koennen BCN-Token sowohl auf dezentralen als auch auf zentralisierten Kryptoplattformen tauschen. Die bevorzugte Wahl fuer den Kauf und Handel von Bytecoin ist HitBTC, insbesondere das Paar BCN/USDT, dessen Handelsvolumen am vergangenen Tag $ 3.35 betrug.
Welchen Hoechstwert hat Bytecoin (BCN) jemals erreicht?
Der Preis von Bytecoin (BCN) erreichte am 08 Mai 2018 mit 0.1451 $ seinen Hoechststand, vor etwa vor 8 Jahren. Der aktuelle Preis betraegt derzeit -99.97%, was unter diesem historischen Hoechststand liegt.
Wie hoch ist der historische Mindestpreis von Bytecoin (BCN)?
Der niedrigste Preis, den Bytecoin (BCN) erreichte, betrug 0.056 $ und wurde am 16 Juni 2025 dokumentiert, vor mehr als vor einem Jahr. Zum Vergleich: Der aktuelle Preis betraegt 483%, was ueber diesem historischen Minimum liegt.
Wie hoch ist die vollstaendig verwaesserte Bewertung von Bytecoin (BCN)?
Die vollstaendig verwaesserte Bewertung (FDV) von Bytecoin (BCN) betraegt $ 10,57 Mio.. Diese Zahl spiegelt die maximale potenzielle Marktkapitalisierung wider, unter der Annahme, dass das derzeitige Umlaufangebot bei maximal 184,470,000,000 BCN-Token liegt. Die Erreichung dieses FDV kann je nach Emissionsplan der BCN-Token mehrere Jahre dauern.