What is Bytecoin (BCN)?
Bytecoin is an open, decentralized cryptocurrency. Anyone interested can join Bytecoin network and take part in currency development which allows instant money transfers across the globe and safe, secure transactions online.
Bytecoin (BCN) is the first CryptoNotebased cryptocurrency launched in July 2012. The CryptoNote technology provides absolute anonymity to Bytecoin using Ring Signatures and one-time addresses. Bytecoin (BCN) is often confused with a BTC fork also named Bytecoin (BTE), launched April 1st, 2013. In March 2015, Bytecoin announced the roadmap for several significant future upgrades and releases.
How does Bytecoin (BCN) work?
Bytecoin transactions are made using the Bytecoin network where all of the network participants get to validate the purchase, without ever knowing the personally identifiable information. When a user sends another user some cryptocurrency, a transaction is created. This transaction contains the wallet addresses of the sender and the recipient and notes how many coins were sent. For example, if A sends B 0.01 BTC, a transaction is created containing their addresses, the amount of 0.01 BTC and the key used to verify the integrity of the transaction. A collection of these transactions is then confirmed by miners, and transmitted to all users of the cryptocurrency as a block, to be stored on the chain known as a blockchain.
How to buy Bytecoin (BCN)?
There are several options on how to buy Bytecoin using fiat currency. The users can buy Bytecoin using the RUB, USD, EUR, and UAH via Cryptonator Exchange. It enables fast and easy, direct transactions and allows the instant exchange between different cryptocurrencies in one personal account. If you are an owner of AUD, it is better to use the CoinSpot Exchange to get your Bytecoin. CoinSpot is a multi-cryptocurrency wallet, with built-in trading features that help you to conduct your transactions easily. There is one more option to buy Bytecoin using fiat currency, Changelly. Changelly is a cryptocurrency exchange with the added benefit that it is swift, and you can purchase multiple cryptocurrencies with USD, including Bytecoin.
Bytecoin (BCN) Price prediction 2018
Bytecoin allows safe and secure transactions around the globe and offers the convenience of instant fee-free money transactions. BCN has a lot of activity coming shortly and the amount of money in crypto is increasing at a very fast pace. As there is 184.47 billion BCN Bytecoin emission rate is 65,000 BCN every 120 seconds. Bytecoin has potential, and BCN listing on other exchanges will make BCN price high due to increasing of a number of the trader in the market, and it will reach 1$ or even more in 2018. The price today is $0.008585 and the market cap value is $1,576,782,820. The current supply is 183,665,263,811 BCN and shown the volume $12,038,100.