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
Read less about Bytecoin