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      Bytecoin

      Bytecoin

      Total Supply
      184066828814
      Circulating Supply
      184066828814
      Max Supply
      184470000000

      Bytecoin(BCN) price, charts, marketcap

      1 BCN = 0.0009432 USDT -0.72%

      About Bytecoin

      Bytecoin is a privacy focused cryptocurrency that is based on CryptoNote , being the first to successfully use this technology. Like Monero, that also utilizes CryptoNote, Bytecoin allows users to make absolutely anonymous transactions. It also makes use of ring signature technology, which allows one user to sing a message on behalf of a group. This proves the message was created by someone from within that group, however it is impossible to distinguish who from that group singed the message. Bytecoin has a total supply of 184.46 billion coins, with a total pre-mine of 150 billion coins (~80%), which has raised some serious red flags within the community.

      Read more about Bytecoin

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      Total Supply
      184066828814
      Circulating Supply
      184066828814
      Max Supply
      184470000000
      Total Marketcap
      173022819
      Volume
      50,347,200.00
      Open
      0.00
      High
      0.00
      Close
      0.00
      Low
      0.00

      Charts

      Bytecoin

      Exchange

      Period

      all 1y 6m 3m 1m 7d 1d

      Index

      Chart Type

      CoinExchangeData Loader

      History of Bytecoin(BCN)

      Bytecoin like all other cryptocurrencies is based on the model of the first actual cryptocurrency, Bitcoin. However, before Bitcoin’s and Bytecoin’s time , cryptocurrencies were much more different, relying instead on a centralized power structure rather than the decentralized governance we see today. If it weren’t for the works of cryptographers such as David Chaum, Wei Dai, Nick Szabo and Hal Finney, who established some of the ground concepts for modern cryptocurrencies, Bitcoin, Ethereum and Bytecoin would not exist today. However, the most important reason why Bytecoin was made possible is thanks to a person or a group of people under the alias Satoshi Nakamoto. He took the concepts that cryptographers before him established and managed to create an actual peer-to-peer electronic money system that couldn’t be counterfeited. If Satoshi Nakamoto didn’t create Bitcoin, it is hard to say if Bytecoin or most cryptocurrencies would exist today.

      Bytecoin is a cryptocurrency with the symbol BCN and it’s price ticker on our website is 0.00. Its current price is 0.00 and the total change over the past 24 hours is 0.00. Bytecoin boasts a volume of 50,347,200.00 in the past 24 across your selected exchanges.

      Bytecoin Characteristics

      Cryptocurrencies like Bytecoin use strong cryptographic protocols, or very complex computer code to secure transfers of information, in order to create a safe system that is notoriously difficult to crack. The programmer of digital currencies such as Bytecoin base these protocols on complex mathematic and computer engineering fundamentals, creating a structure that makes it impossible to replicate funds for Bytecoin and also hides the identities of the parties involved on any transaction on Bytecoin network , unless the participants freely disclose their information.

      Bytecoin Operates on a Blockchain

      Bytecoin, like most cryptocurrencies operates on a blockchain, a new and disruptive technology that offers benefits for storing, securing and transferring information that was not otherwise possible before its inception. The idea of blockchain was first discovered in 1991 by Stuart Haber and W. Scott Stornetta, however it was not until an anonymous person or group under the alias of Satoshi Nakamoto that created the first functional blockchain (Bitcoin’s blockchain) and improved on the ideas of Haber and Scornetta to create a truly functional distributed ledger.

      You can imagine the blockchain that Bytecoin is based on as a giant, distributed database where every transaction’s information is recorded and then spread on a massive network of connected nodes or computers. The information for transaction of Bytecoin is then multiplied and stored on each individual node, so in order to change it you would have to access he majority of the Bytecoin’s nodes at the same time, which has so far proven to be impossible.

      The advantages that Bytecoin runs on a blockchain are that it is very cost effective to run, compared to other centralized resources, due to the cost of operating being split amongst all the network participants.

      No one can alter the defining characteristics that govern Bytecoin base, unless certain conditions are met and changes are implemented by the developer team or a network wide consensus is reached for the changes to be applied.

      One disadvantage of operating on a blockchain is that generally, transactions with Bytecoin are final, meaning that is very unlikely that a transaction can be rolled back if a mistake occurs. Be careful when transacting cryptocurrencies such as Bytecoin and make sure you double check all the details of the transaction before submitting it.

      Bytecoin also boasts a higher degree of safety, as the mechanisms of the blockchain are incredibly hard to crack

      Bytecoin Advantages

      Decentralized Point of Control

      Bytecoin (BCN) is defined by a decentralized governance system, which does not rely on a single point of control to manage transactions on the network in the same way a bank would. Because of this Bytecoin’s network features a distinct advantage that makes it very difficult to counterfeit or imitate. Another advantage of being decentralized is that any attacks on Bytecoin’s network will have to be in multiple places at the same, whereas a bank or any centralized system will have an host of servers in one place.

      Cost Efficient

      Generally speaking, auditing records is a time consuming and expensive process, whereas for Bytecoin which stores all its records on the blockchain, this can be done with minimal effort and in a much shorter time.

      Establishing a Digital Identity

      You can create your own identity on the Bytecoin blockchain, which can be though of as an account of sorts. Whenever you open an “account” on the Bytecoin blockchain, you will be given a private key, which lets you interact with the blockchain, and a public key, which let others identify and interact with you.

      Immutable

      Since all information that is transmitted on the Bytecoin blockchain is stored and secured on a wide network of computers or nodes, you can always be sure that the information presented is valid and has not been tampered with.

      Bytecoin Supply Details

      Bytecoin is distinguished from traditional fiat currencies due to way the supply works for most cryptocurrencies. It cannot be printed like governments do with fiat, due to the maximum supply being 184470000000 and this dictated by the base code that the Bytecoin network runs on. No more than 184470000000 will ever exist unless major changes to the code are applied. Another interesting fact about Bytecoin’s supply is there can be two other types of supply aside from the maximum supply. One is the total supply which indicates the amount of coins there are currently in existence. For Bytecoin the total supply is 184066828814. This is the sum of all Bytecoin units that have been mined or created since the network’s creation. . The other one is the circulating supply which for Bytecoin is 184066828814. This can be different that the total supply due factors such as funds being locked in escrow, coins being locked in masternodes.

      How to Store Bytecoin

      There are a few way to store your Bytecoins , and they all involve a certain types of both physical and electronic wallets. Regardless of what kind of wallet you will use, in order to access your Bytecoin funds you will need to have a private key and a public key. With the private key, you can access your funds and send them to whoever you like, just as long as it is an address that Bytecoin is compatible with. Never ever disclose your Bytecoin private key or also called private address, as this will give anyone who has it full control over your wallet. The other type of key is the public key or address, which is used for other people to send Bytecoin to your wallet, and this one can be freely disclosed but it can be used to identify you if a name is ever associated with your public address.

      Bytecoin Paper Wallet

      The only physical and non-electronic way to store your Bytecoin is through a paper wallet, and this is possibly the safest way to protect your Bytecoins. Simply write the private and public keys of your Bytecoin wallet on a sheet of paper, however you will need access to an electronic device should you choose to send or move your Bytecoin funds to another address. The risk here is losing or damaging the sheet of paper with your Bytecoin public key.

      Bytecoin Hardware Wallet

      You can store Bytecoin on a device like a Trezor or USB drive. You are able to make online transactions by plugging them into any any net enabled device to send Bytecoin to another address. Usually the hardware device that you store your Bytecoin on is offline which is a great security advantage. Please conduct proper research before purchasing any hardware wallet to store Bytecoin funds on as many are outdated or of poor quality.

      Bytecoin Desktop Wallet

      Desktop wallets are a convenient and easy way to store your Bytecoin coins. Find a reliable wallet software that support Bytecoin install it on your PC and that’s pretty much it. It can be dangerous if any virus infects your PC or if any physical damage comes to it, which can result in the loss of all your Bytecoin funds.

      Bytecoin Online Wallet

      For online wallets, they operate in the cloud and your private and public keys for your Bytecoin funds are stored in the cloud as well. Very handy if you plan to access it from multiple devices but they also put your Bytecoin at great risk due to security breaches in the cloud storage which is not that unheard of.

      Bytecoin Mobile Wallet

      The most easy-to-use method of storing Bytecoin is on a mobile wallet. It is a simple smartphone application where you set up an account and you can use it to send Bytecoin by scanning a QR code or even use it to pay in any shops that accept Bytecoin. However, your Bytecoin funds can be lost if your phone is damaged or if its security is breached.

      Bytecoin Summary

      Bytecoin’s network can be defined as a payment system, with accounts, transactions and balances. You can store Bytecoin on one of the wallet types mentioned above and it will act as your own personal bank account that you are responsible of maintaining and keeping your private keys secure. Bytecoin as a cryptocurrency allows you to make secure transactions and you can always check the transaction details by checking the Bytecoin public ledger, if applicable. This revolutionary method of being your own bank assured that Bytecoin and other cryptocurrencies will play a vital role in the way we conduct transactions and how we define currencies in the future.

      What you can do with Bytecoin on CoinExchangeData.

      You can add Bytecoin to your watchlist on our platform, in order to keep better track of its price movements. Another handy way to always be up-to-date with any prices changes is to add alerts for Bytecoin and you can do so by set up your personalized alerts by creating an account and going to the alerts tab. Charts and price metrics for Bytecoin are readily available and we guarantee that the information supplied by CoinExchangeData is as accurate as possible. All the volume and price information regarding Bytecoin reflects the same information you can find on exchanges, so it is very easy to find the best exchange to purchase or sell Bytecoin on. Our converter lets you find accurate conversion quotes for Bytecoin against other cryptocurrencies and most traditional fiat currencies. You can use it to see if exchanging Bytecoin for another digital currency can be a more profitable investment or just to check the value of your portfolio.

      Dutch Bank ABN AMRO Abandons Wallie Custodial Bitcoin Wallet Citing Risk Concerns
      Cointelegraph By Adrian Zmudzinski (20 May 2019, 11:14 am)

      Dutch Bank ABN AMRO Abandons Wallie Custodial Bitcoin Wallet Citing Risk Concerns Plans to launch a custodial bitcoin wallet dubbed “Wallie” has been abandoned by Dutch bank ABN AMRO because of risk concerns

      Centralized Crypto Exchanges Saw Major Monthly Volume Uptick in April, Report Shows
      Cointelegraph By Marie Huillet (20 May 2019, 11:09 am)

      Centralized Crypto Exchanges Saw Major Monthly Volume Uptick in April, Report Shows Centralized cryptocurrency exchanges saw a major uptick in traded volume this April, with a solid 85% overall increase among top fiat-to-crypto platforms

      Tom Lee Cites 13 Confirmations That the Crypto Winter Is Over
      Cointelegraph By Thomas Simms (20 May 2019, 11:03 am)

      Tom Lee Cites 13 Confirmations That the Crypto Winter Is Over Fundstrat Global Advisors co-founder Tom Lee has claimed that the Consensus conference has confirmed that the crypto winter is over

      First Since 2017: Bitcoin Price Logs Double-Digit Gains for Third Week
      Omkar Godbole (20 May 2019, 11:00 am)

      Bitcoin has registered double digit gains for three consecutive weeks – a feat last seen at the height of the bull market in 2017.

      How to Check Median BTC and BCH Transaction Fees
      Avi Mizrahi (20 May 2019, 10:55 am)

      Transaction fees are the cost that cryptocurrency users have to bear in order to keep the system going. Fees can vary significantly between networks and it is important to be able to check this before you decide which cryptocurrency to use for making your digital payments. Also Read: Bitcoin Cash Upgrade and 30K Stores Accepting […]The post How to Check Median BTC and BCH Transaction Fees appeared first on Bitcoin News.

      PR: CoinDeal – Premier League Sponsor Ready for New Challenges in US Market
      Bitcoin.com PR (20 May 2019, 9:30 am)

      Last season in the Premier League brought a huge success for the both teams – Wolves and CoinDeal. The crypto exchange, thanks to this brave marketing step, has guaranteed himself value of £38,091,373 of gross exposure of the brand at the time of broadcasting in the media, gained popularity and new traders. Despite the recent slowdown in the crypto-market, our business is developing dynamically and this is possible, among other things, through cooperation with the Premier League team.The post PR: CoinDeal – Premier League Sponsor Ready for New Challenges in US Market appeared first on Bitcoin News.

      Ethereum-Based Stock Exchange Plans First Company Listing in June
      Yogita Khatri (20 May 2019, 9:30 am)

      SprinkleXchange, a Bahrain-basedstock exchange built with blockchain tech, is reportedly listing its first company next month.

      Cryptocurrencies Pose No Threat to Financial Stability: EU Central Bank
      Yogita Khatri (20 May 2019, 8:20 am)

      The European Central Bank has said that cryptocurrencies are currently not a threat to financial stability in the euro zone.

      Latest Hack Sparks Concern Whatsapp Will Never Be Secure
      Kevin Helms (20 May 2019, 3:01 am)

      Facebook’s popular messaging app with 1.5 billion users in over 180 countries has another major vulnerability. Hackers were able to covertly install spyware on iOS and Android smartphones using Whatsapp with just a phone call. “All of their security issues are conveniently suitable for surveillance, and look and work a lot like backdoors,” said Telegram’s […]The post Latest Hack Sparks Concern Whatsapp Will Never Be Secure appeared first on Bitcoin News.

      MinerGate Token Is Now On EOSDAQ
      MinerGate Mining Pool (16 May 2019, 2:15 pm)

      Dear Miner, The MinerGate team is pleased to announce that our ultimate loyalty tool, the MG Token, is now available on EOSDAQ, the world’s first on-chain decentralized exchange. EOSDAQ is a platform that supports the peer-to-peer trade of EOS-based tokens. All transactions there are recorded on the blockchain in a transparent manner.  The EOS-based MinerGate […]The post MinerGate Token Is Now On EOSDAQ appeared first on Crypto Mining Blog.

      HitBTC – The First Major Exchange To Support The MinerGate (MG) Token
      MinerGate Mining Pool (9 May 2019, 7:55 pm)

      Dear miner, We are glad to announce that HitBTC will be the first major exchange to list the MG Token. Support from HitBTC is an important step towards developing the MinerGate loyalty tool. HitBTC is one of the most advanced cryptocurrency exchanges out there, providing markets for more than 300 different cryptocurrencies. HitBTC delivers to […]The post HitBTC – The First Major Exchange To Support The MinerGate (MG) Token appeared first on Crypto Mining Blog.

      MinerGate Token (MG): The Ultimate Loyalty Tool For Users
      MinerGate Mining Pool (29 April 2019, 11:01 pm)

      MinerGate is glad to introduce MinerGate Token (MG) – a token created as a loyalty tool. It is designed as a vital instrument to fuel the entire ecosystem of MinerGate products. We have always been focused on enhancing our service and providing better user experience, and now the new MG token is going to serve […]The post MinerGate Token (MG): The Ultimate Loyalty Tool For Users appeared first on Crypto Mining Blog.

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