Bytecoin is a decentralized cryptocurrency with a high degree of privacy; it has open source code, allowing everyone to participate in Bytecoin network development. Using Bytecoin can effectively protect privacy and security. The Bytecoin network provides users around the world with instant private transactions that are untraceable and require no additional fees.

About Bytecoin

Bytecoin Decentralized
Bytecoin is a cryptocurrency that works on a blockchain operated by numerous 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 the Bytecoin blockchain, all addresses are masked.

Transactions and Addresses Unlinkable
Bytecoin allows users to generate large numbers of unlinkable one-time addresses from a set of keys. This makes it nearly impossible to establish connections between transactions or addresses.

Bytecoin's parameters are adaptive
Bytecoin readjusts the difficulty of each block, making it difficult to react to even the smallest change in hash rate. Additionally, Bytecoin has a smooth emission curve that prevents mining rewards from dropping.

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

Bytecoin is constantly evolving
Bytecoin is an open source software project where everyone can contribute to the development of the project and keep pace with the times.

Bytecoin BCN has the following six characteristics:

Untraceable Transactions
Bytecoin BCN includes two anonymous technologies, Bit Commitment and Stealth Address, which make the transaction chain confusing, untraceable and unlinkable.

Unlinkable transfer
Only the user knows the balance, recipient, and transaction history of his Bytecoin BCN wallet. If a user uses Bytecoin BCN, no one but the user can manage the wallet.

Free Instant International Payments
All payments are instantly recognized and processed online within two minutes. Any Bytecoin user can instantly transfer any amount of money anywhere in the world.

Equal Mining
Mining via CPU has the same order of efficiency as mining via GPU. Bytecoin is also ASIC resistant. Anyone can mine Bytecoin BCN with an ordinary PC.
Bytecoin's block rewards are mainly dynamically changed according to the current total amount of coins. Block reward BaseReward = (MSupply - A)/2 to the 18th power. MSupply = (2 to the 64th power - 1), A is equal to the number of coins that have come out.

Powerful and Flexible API
Bytecoin's API is multi-purpose and multi-layered to meet the specific needs of users. Initiating the payment process for approving Bytecoin is simple, fast and convenient.

Modular code base
It is easy to build user applications on top of Bytecoin code modules. Anyone can build their own Bytecoin-based applications without delving into the details of cryptography and C++.

Our Mission

Humans have evolved in such a way that people have learned to perform everyday tasks more and more and a reasonable competition between old and new ways is the basis of evolution. We know for sure that there is room for improvement in any modern field of activity, including finance.

The goal of any financial system is to ensure the efficient operation of money at the minimum cost. Said operation allows to reduce costs to the benefit of the end user. We believe that there is a need to improve existing financial systems, as well as to design and implement new financial systems that more effectively achieve the same goals.

Our task is to develop a new financial system that is more efficient than the existing financial system, i.e. provides users with all the same functionality at a lower cost. We selected the following management principles for this project:

Self-regulation
The foundation of our financial system is a decentralized network that provides self-control over the costs required to operate money. This approach allows the Bytecoin financial system to determine the optimal state when operating most efficiently.

Openness
The Bytecoin network is an open network. This means that anyone who joins the currency will not only use the currency, but participate in supporting the system.

Egalitarianism
Network protocols are developed in such a way that both dedicated and non-dedicated computers operate on the network with equal efficiency.

Related links:

https://www.jinse.com/blockchain/90420.html