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Bytecoin (bcn) Live chart

Rank Name Price 24h Change Total Supply Circulating
576
BCN
Bytecoin logo Bytecoin BCN
$ 0.00 + 0.06% 184 470 000 000 0 Trade!

Bytecoin (bcn)

Bytecoin is the first cryptocurrency created with CryptoNote technology. Bytecoin allows users to make absolutely anonymous money transfers through the CryptoNote algorithm. CryptoNote uses CryptoNote ring signatures to provide anonymous transactions and allows you to sign a message on behalf of a group. The signature only proves the message was created by someone from the group, but all the possible signers are indistinguishable from each other. Even if outgoing transactions are untraceable, everyone may still be able to see the payments received and thus determine one's income. By using a variation of the Diffie-Hellman exchange protocol, a receiver has multiple unique one-time addresses derived from his single public key. After funds are sent to these addresses they can only be redeemed by the receiver; and it would be impossible to cross-link these payments. As a primarily peer-to-peer (p2p) payment system, Bytecoin has many of the same use-cases as Bitcoin. Created in 2012, Bytecoin is one of the earliest developed cryptocurrencies. Until recently, the team behind the coin has kept themselves anonymous. Now, though, they’ve opened up multiple communication channels, removed some layers of anonymity, and even built several local communities. Bitcoin’s PoW consensus algorithm heavily favors miners that use powerful GPU and ASIC machines over those trying to mine with CPUs. This causes the network to centralize around the more powerful miners. Bytecoin attempts to close the gap between these two classes of miners with a new algorithm, Egalitarian Proof-of-Work (PoW). Egalitarian PoW uses a version of skrypt, a proof of work function similar to the hashcash function used by Bitcoin. The difference between the two is that scrypt isn’t memory bound. Because of this, you can produce highly efficient CPU mining rigs. GPUs will always be about 10 times more effective, though. The Bytecoin project has been fairly fractured since its inception in July 2012. Previously, several isolated teams worked on the project without seemingly communicating with each other. This led to numerous forks and versions of the coin. In July 2017, the team decided to change their image and provide more transparency to the community. The team still remains pseudo-anonymous by only providing names and headshots on their webpage – no bios or social media links. But, it’s tough to expect more from a project that’s focused on privacy. The team has been busy at work refactoring their code and are planning to release a new public API on February 6, 2018. They’ll also be entering the Asian, Middle East, and African markets throughout 2018.

Bytecoin Top Trading Bots

The cake is a lie, these numbers are not

Enigma Original Kryll strategy poster

Enigma Original

+ 534.40%
Launched Jul 7, 2021 (VRA-USDT)
#1
Manaia Panda 🐼 Kryll strategy poster

Manaia Panda 🐼

+ 409.06%
Launched Mar 4, 2021 (MATIC-USDT)
#2
Enigma Original Kryll strategy poster

Enigma Original

+ 352.60%
Launched May 20, 2021 (PROS-ETH)
#3
GAÏA Evolution [V15] Kryll strategy poster

GAÏA Evolution [V15]

+ 301.96%
Launched May 19, 2021 (SOL-USDT)
#4

Market pairs

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Rank Pair Name Volume (24h)
1 BCN / BTC HitBTC $ 198 310 241 511.20 Trade!
2 BCN / BTC CREX24 $ 9 729 297 803.84 Trade!
3 BCN / USDT HitBTC $ 687 058 429 643.60 Trade!
4 BCN / USDT Poloniex $ 1 149 676 948 344.86 Trade!
5 BCN / ETH HitBTC $ 569 263 517 389.00 Trade!
6 BCN / USDT CoinEx $ 2 125 785 892 966.61 Trade!
7 BCN / BTC CoinEx $ 1 084 161 500 197.65 Trade!
8 BCN / LTC TradeOgre $ 23 322 882 983.79 Trade!
9 BCN / EOS HitBTC $ 12 242 884.40 Trade!
10 BCN / USDT Gate.io $ 579 214 225 893.16 Trade!
11 BCN / BTC Gate.io $ 14 190 700 373.69 Trade!
12 BCN / BTC STEX $ 618 632 948.73 Trade!
13 BCN / BTC BITEXBOOK $ 645 130 938.45 Trade!
14 BCN / ETH STEX $ 31 335 662.62 Trade!
15 BCN / BTC TradeOgre $ 1 326 945 025.69 Trade!