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Community vote
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The community score represents our users' personal view on this project.
Summary
Type
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State
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Country
Worldwide
Founded
2012
Dlt Type
Blockchain
Exchanges
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Regulator
N/A
Blockchain
Own network
Product Stage
In development
Blockchain Necessity
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OTC Index Position
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CoinMarketCap Position
60
Last ReportLast Report
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Financial Summary
Price
$0.0007
Fair value
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Market cap
$135,507,267
24H Change
-3.40%
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There are no reports written about this project yet, but you can request one here, or even publish your own here.
About project
⦁ Bytecoin (BCN) - first CryptoNote based cryptocurrency launched in July 2012. CryptoNote is an application layer protocol. The protocol is the driving force behind digital cryptocurrencies, which are known mainly for their international, uncomplicated, decentralized and anonymous use. There are some differences between the CryptoNote protocol and the Bitcoin protocol. Compared to bitcoin, the CryptoNote protocol is less permeable. First and foremost, transactions cannot be tracked on the Bytecoin block chain. Information such as the sender or receiver of coins, but also the exact amount transferred, cannot be recorded. The only information given is whether the transaction is higher or lower than the displayed amount. Both the sender and the recipient have sole access to this information. In the public blockchain of Bitcoin, on the other hand, anyone can enter the information described.
The egalitarian proof of work is an algorithm that works with a reconciliation system. Each computer on the network requires the same voting rights. This means that all users are the same, no one is privileged. Users agree on the correct order of transactions, an honest distribution of value and new features within the protocol. The algorithm combines GPU and CPU mining. This allows a greater diversity of miners to mine through the protocol and facilitates the distribution of Bytecoin coins. Currently 65,000 BCN can be generated per 120 seconds. Transactions in Bytecoin are free of charge and have a high degree of anonymity, as already described. Bytecoins are gradually getting more expensive over time, since the emission is limited to 184.47 billion BCN. The number of Bytecoin emitted each 120 seconds is slightly decreasing. As a result BCN gains value and the exchange rate increases. While currencies with sharp decreases of reward per block are exposed to intense declines in network power, Bytecoin emissions are decreasing slowly, which protects the currency from economic shocks.
Bytecoin (BCN) is often confused with a BTC fork also named Bytecoin (BTE), launched April 1st, 2013. The latter is a near-exact copy of Bitcoin. Bytecoin (BCN) was created from scratch and it’s not a fork of Bitcoin in any way. Bytecoin’s history is completely covered in mist - countless puzzles, unknown developers names, secret messages etc.
Core team
JS
Afdi
Active User
 
JS
Alexandre
Alexandre Crypto Enthusiast, lebytecoin.fr Owner
 
JS
Daniel
Developer
 
JS
Diego Valencia
Copywriter
 
JS
Dimitar Correa Voutchkova
Spanish Community Manager
 
JS
Eduardo Cerna García
Designer
 
JS
Ernesto Lira
Blog Translator
 
JS
Gabriel Carranza Quesada
Technical Assistant, Partnership Manager
 
JS
Jayson
Developer
 
JS
Keneda
French Enthusiast, Partnership Manager
 
JS
Miguel Alejandro Figuera
Translator, Marketing Assistant
 
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Mohamed Cherif Zeghad
Developer
 
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System96
Telegram Admin, 24/7 Enthusiast
 
JS
Olawale
African Community Manager
 
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Mark Brahma
Russian Community Manager
 
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Pascal Ender
German Community Manager
 
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Seven Doorknobs
Pool Developer
 
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Aali Qader
GCC and Pakistan Community Manager
 
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Palash Mehta
Enthusiast
 
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Mustafa Onur Küpeli
Turkish Community Manager
 
JS
Grégory Julien
French Community Manager
 
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Emil Rokossovsky
Bytecoin.foundation Creator
 
JS
Joey Ji
China Community Manager
 
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Lindox
South Korean Community Manager
 
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Ankit Chandra
Indian Community Manager
 
Advisors & CM
JS
David Inostroza
Financial Advisor
2018 - present
JS
Vincent
Mining Advisor
2018 - present
Comments