Bytecoin
| Last updated | 1 hour ago |
| Price per BCN in USD | $ 2.2111240140986E-5 |
| Price per BCN in Bitcoin | 0 |
| Volume over the last 24 hours | $ 66,948 |
| Market cap in USD | $ 4,069,946 |
| Change in % over the last hour | -5.27215937 |
| Change in % over the last 24 hours | -8.85419407 |
| Change in % over the last 7 days | -15.24409061 |
BCN specifications
| Name | Bytecoin |
| Symbol | BCN |
| Minable | Yes |
| Algorithm | CryptoNight |
| Prooftype | PoW |
Coin description
Bytecoin is a privacy-focused cryptocurrency that uses the CryptoNote protocol to ensure untraceable transactions and unlinkable addresses. It operates on a proof-of-work consensus mechanism, utilizing the CryptoNight algorithm to promote fair mining accessibility. Bytecoin emphasizes anonymity and fungibility, making it a preferred choice for users seeking financial privacy.
Bytecoin Privacy Features
Bytecoin's ring signatures and stealth addresses ensure that transactions remain confidential, protecting users' identities and activities. Its resistance to ASIC mining promotes decentralization, allowing individuals to mine using consumer-grade hardware. Additionally, Bytecoin's adaptive parameters adjust block times and difficulty dynamically, ensuring consistent performance.
One of Bytecoin's contributions to the blockchain space is its role in advancing privacy technologies. Its focus on confidentiality and security has inspired other privacy coins like Monero. Keywords like Bytecoin anonymity and CryptoNote protocol are closely tied to this project.