Commonly known as the predecessor of Monero, Bytecoin is also a crypto that values a lot about the privacy and anonymity of its users. Bytecoin is a coin that can be utilised for purchasing goods and services reliably all around the world. While people always think of Bitcoin whether cryptocurrency is involved in a context, it is no way near being the fastest nor the most secure crypto available nowadays. However, Bytecoin is able to tackle the aforementioned problems by providing a secure and fast blockchain that has been under develop for more than 6 years from now.
As mentioned above, Bytecoin is one of the earliest altcoin. Some people might think that Bytecoin is too old in crypto years , but the truth is Bytecoin has a strong and solid following to maintain its circulation for a lot more years. The team behind Bytecoin always keep their anonymity very well until recently they decided to strip away some layers of anonymity and established multiple communication channels as well as some local communities. It is also worth mentioned that Bytecoin has a close history with Monero, which is a fork from Bytecoin , making itself a very strong competitor along with some other popular crypto projects such as Zcash and Dash.
Here are some features of Bytecoin. Firstly, it is completely decentralized which means that nobody have complete control over the coin. The second awesome thing about Bytecoin is that by using its own proprietary technology, the users of Bytecoin are able to make untraceable payment. On top of that , its technology also prevent connection between transactions and address to be established which increases the level of anonymity significantly. Furthermore, it is also omnipresent as well as constantly evolving. One special thing about Bytecoin is that it is a decentralized crypto with open source code , which means that anyone and everyone can participate in the development of the platform , making it constantly evolving.
To know more about Bytecoin and how it operates , we have provided the original unedited PDF of Bytecoin(BCN) Whitepaper for our fellow readers to understand and digest and understand the details of it