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      Bytecoin(BCN) price, charts, marketcap

      1 BCN = 0.0002486 USDT -0.10%

      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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      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 12,873,900.00 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.


      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.

      Cooking Mama Developer Denies Rumours it Mines Crypto
      Cointelegraph By Turner Wright (8 April 2020, 5:44 am)

      Cooking Mama Developer Denies Rumours it Mines Crypto Rumors circulating that a Nintendo Switch game is being used to hijack consoles to mine crypto appear to be unfounded

      Bitcoin SV’s Social Platform Twetch Streamlines P2P Payments
      Cointelegraph By Samuel Haig (8 April 2020, 3:43 am)

      Bitcoin SV’s Social Platform Twetch Streamlines P2P Payments Users can now pay each other in BSV on the play for by tagging one another using the ‘/pay’ prefix

      UFC Fighter Changes Twitter Name to Promote Bitcoin Halving
      Cointelegraph By Turner Wright (8 April 2020, 1:17 am)

      UFC Fighter Changes Twitter Name to Promote Bitcoin Halving One prominent sports figure is doing all he can to promote the Bitcoin halving to his 311,000 followers

      Bitcoin Cash Approaches Milestone With First Halving Expected Wednesday
      Alyssa Hertig (7 April 2020, 11:30 pm)

      The event is a foreshadowing of the same process happening on a larger scale on the BTC blockchain next month.

      Bitcoin Tracks Stocks Up to $7.4K Before Sliding Back to $7.1K
      Daniel Cawrey (7 April 2020, 9:15 pm)

      Bitcoin trended higher along with many traditional markets Tuesday before changing direction and falling as U.S. stock trading closed.

      A New Ultrasonic Hack Can Exploit Your Siri
      Benjamin Powers (7 April 2020, 8:01 pm)

      A new hack called a SurfingAttack uses ultrasonic guided waves to communicate with a device through the voice assistant.

      Market Update: Traders ‘Buck the Trend’ Pushing Crypto Market Cap Above $200 Billion
      Jamie Redman (7 April 2020, 1:54 pm)

      Digital currency markets have been rising again as the entire market capitalization of all 5,000+ coins has jumped above the $200 billion mark. The increase in crypto trade volume and coin values has followed alongside the recovery traditional equity markets saw on Monday. On Tuesday, most of the digital assets in the top ten are […]The post Market Update: Traders ‘Buck the Trend’ Pushing Crypto Market Cap Above $200 Billion appeared first on Bitcoin News.

      Hyperbitcoinization: Visions of Bitcoin Fueling the Post Covid-19 Shadow Economy
      Jamie Redman (7 April 2020, 12:15 am)

      With the recent coronavirus spread and its overall effect on the global economy, some people believe the powers that be are preparing a financial reset. During these times, a number of bitcoiners think a bitcoin-induced form of fiat currency demonetization will take place, otherwise known as ‘hyperbitcoinization.’ However, a few speculators believe digital assets in […]The post Hyperbitcoinization: Visions of Bitcoin Fueling the Post Covid-19 Shadow Economy appeared first on Bitcoin News.

      Blind Faith in S2F Models: Analysts Question Measuring Bitcoin’s Price With Stock-to-Flow
      Jamie Redman (6 April 2020, 7:10 pm)

      One of the most bullish charts for predicting the price of bitcoin is the infamous stock-to-flow (S2F) model. The S2F analysis shows the price of BTC could reach $55,000 in the near future. One advocate of the S2F model, the Twitter account known as ‘Plan B,’ wrote a report about the subject and the article […]The post Blind Faith in S2F Models: Analysts Question Measuring Bitcoin’s Price With Stock-to-Flow appeared first on Bitcoin News.

      Monero Hard Fork and RandomX: Make CPU Mining Great Again
      MinerGate Mining Pool (15 February 2020, 9:35 am)

      Monero (XMR) has successfully hardforked on November 30th, at block number 1978433. The fork has changed the CryptoNightR mining algorithm to the new RandomX Proof-of-Work algorithm.   Although the main aim of the upgrade was keeping Monero completely resistant to ASIC mining, thus maintaining the coin decentralized, RandomX has essentially moved XMR mining to CPU, […]The post Monero Hard Fork and RandomX: Make CPU Mining Great Again appeared first on Crypto Mining Blog.

      MinerGate coin list updates
      MinerGate Mining Pool (31 January 2020, 9:49 pm)

      MinerGate has always been excited to keep its finger on the pulse of the market. We strive to support the most popular coins and to refrain from those that are less demanded by our miners. After thorough analysis, we have decided to stop XMC and BCN pools on February 4, 2020. The mined balance will […]The post MinerGate coin list updates appeared first on Crypto Mining Blog.

      MinerGate Exclusive: Interview with the chat moderator
      MinerGate Mining Pool (26 June 2019, 2:04 pm)

      Recently, we released our very own loyalty token – the MinerGate Token.  It’s the token that we believe will empower all parts of the MinerGate ecosystem and positively engage the community in the project’s life.  A few tokens have already been delivered to the most active users as gratitude for their contribution. As well, there […]The post MinerGate Exclusive: Interview with the chat moderator appeared first on Crypto Mining Blog.

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