Explained
Blockchain technology relies on mining algorithms, such as CryptoNight, to regulate cryptocurrency projects. Find out here what CryptoNight is and how it works.
Bytecoin News
Bytecoin (BCN) is a decentralized cryptocurrency with open-source code based on CryptoNote technology and designed to protect user’s privacy.
You can’t fully define Bytecoin without talking about CryptoNote protocol, as Bytecoin is the first cryptocurrency implementing it. CryptoNote is a protocol built to make cryptocurrencies more secure. It works like Bitcoin’s protocol in terms of using public addresses and public keys, but, unlike Bitcoin, Bytecoin transactions hide all the connections of sender and receiver. Bytecoin transactions sender’s public keys are grouped so an observer could tell that one of the senders in that group was responsible for a transaction, but couldn’t tell which one.
Bytecoin is protected against 51% attack, it’s transactions usually took about 2 minutes, and it’s much more secure than bitcoin and most of other cryptocurrencies.
- Press Release
Bytecoin has officially launched the Bytecoin Gateway Project, creating a bridge between the Bytecoin blockchain and that of Ethereum with a corresponding BCN20 currency to go with it.
- Press Release
On Friday May 17, Bytecoin, one of the original privacy coins in the crypto space, successfully underwent a scheduled hardfork and poised itself to integrate a number of features and platform improvements.
- News
Bitmain’s new miner for the CryptoNight algorithm causes controversy as ASIC-resistant cryptocurrencies vow to block its capabilities.
51946 On Tuesday, Bitfinex listed IOTA on its platform, the first distributed ledger protocol that goes beyond blockchain through its core invention Tangle.
26940There were a few changes in the top echelons of the market in the week. Mostly, tokens were seen adjusting after the whirlwind.
43968On Bitcoin Pizza day, it is going to be hot at the top 10 altcoins.
55589As Bitcoin Continues to grow, some altcoins are not being left behind either. Last week there was an intense competition on the top 10 of CoinMarketCap with some casualties being posted.
75173Monero, Bytecoin experience price surges - possibly indicating increased interest towards untraceable coins.
59157Cointelegraph spoke with Gliss from CoinMarketCap about what it takes to be included in everyone’s favorite Cryptocurrency Index, Ethercoin trading and what were the most controversial altcoins to date.
30356The proof-of-work concept allows network nodes to reach consensus on which version of the blockchain should be considered correct.
1318July 4 marks the third anniversary of Bytecoin, the world’s first CryptoNote-based cryptocurrency. The Bytecoin team has unveiled an expanded roadmap detailing their future plans for the coin.
2032Bytecoin is the first cryptocurrency to implement CryptoNote technology in the form of the CryptoNight algorithm, which seeks to provide 100% untraceable transactions.
1380The Internet is one of the most underestimated inventions. At the very moment when it seems it has come to a point beyond which it can offer something new, the new appears.
9433Visual cryptocurrency reference service MapofCoins has announced updates to its site to improve usability and the power of its unique coin mapping system.
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