Why Investing in ByteCoin is a Good Idea

Bytecoin cryptocurrency works according to the principles that are radically different from ones the fiat currencies and their digital analogues use. We have created the currency that is convenient and reliable to use in the internet. Alongside with this it needs modest amount of energy and human resources. This permits to get along without transaction fees.

Your money is safe with Bytecoin

Bytecoin is resistant to hacks. Cryptographic algorithms that we've used to power the currency are impossible to crack. An attempt to figure out your account key would require enormous amount of resources which makes an attack unprofitable.

Easy to mine on an average PC

You can increase Bytecoin network security through currency mining for which you get rewards in BCN. Bytecoin algorithms offer no advantage to GPU mining which means that you can mine with gain even on an average office computer. There is no need in buying ASIC devices.

Bytecoin protects your personal data

If you set up high anonymity level for your transactions, nobody will know where you receive money from or where you send it. This is entirely impossible to figure out.

Instant international zero-fee money transfers

Bytecoin doesn't require intermediaries for money transfer. All you have to do is broadcast your transaction to Bytecoin network. A transaction takes around 120 seconds, has no fees and can be dispatched to any place on the Earth with internet access.

Reliable investment of your resources

Bytecoin emission rate is decreasing over time, which means that the value of each BCN is gradually increasing. You may join Bytecoin mining or purchase BCN on exchange. Value of your Bytecoins will only increase.

We invite you to learn how Bytecoin currency works. Should you have any further questions or wish to learn more about Bytecoin, we will gladly help you.

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How to Get Blazing Fast BlockChain Sync on your ByteCoin Wallet

The Bytecoin Wallet needs a Bytecoin node to connect to in order te retrieve information from the blockchain. By default the wallet will start a local node. On first start this node needs to download all the history of the entire blockchain (around 7 GB) from the Bytecoin network. This can take several hours or even days depending on your connection. The process can be much quicker if you grab the blockchain and download it directly from the Bytecoin site . But you can also connect to a remote node. This will work out-of-the box, which is great if you want to just connect and get going with your wallet or as a backup if your local node is not preforming. Setting the connection to remote node is done in the preferences settings. From auto selection (which defaults to embedded) switch to remote daemon. That’s it! Just launch the wallet and you are connected. Below are the nodes you can connect to in RPC mode - node.bytecoin.ninja - port 8081 bcnrps.ebrahma.com - port 8081

How to Get Started with ByteCoin (BCN)

If you are a mid to long term investor who invest for good 1 to 3 years of period then not investing in ByteCoin (BCN) would be sheer foolishness. BCN is bound to grow 100 folds in next one year as all major exchanges would be listing it very soon along with Wallets like Jaxx have announced their plans to add BCN. Leading online cryptocurrencies payment gateway GoURL is also adding BCN to the list very soon. So, the best time to invest in BCN is TODAY !! So how do you get started with BCN ? If you an existing crypto investor, You probably hold some BTC or other coins which can be traded for BCN on popular exchanges like HitBTC , Poloniex , Cryptopia . You can now either keep them in your exchange or bring them to your wallet. USERS NEW TO CRYPTOCURRENCIES If you are a new investor and like me have decided to start investments journey with ByteCoin, then below are the steps to be followed - Step 1 Get The Wallet Download the ByteCoin wallet for your OS from the links

5 Reasons Why ByteCoin (BCN) is Called Big Brother of BitCoin (BTC)

Untraceable payments The ordinary digital signature (e.g. (EC)DSA, Schnorr, etc...) verification process involves the public key of the signer. It is a necessary condition, because the signature actually proves that the author possesses the corresponding secret key. But it is not always a sufficient condition. Ordinary signature Ring signature is a more sophisticated scheme, which in fact may demand several different public keys for verification. In the case of ring signature, we have a group of individuals, each with their own secret and public key. The statement proved by ring signatures is that the signer of a given message is a member of the group. The main distinction with the ordinary digital signature schemes is that the signer needs a single secret key, but a verifier cannot establish the exact identity of the signer. Therefore, if you encounter a ring signature with the public keys of Alice, Bob and Carol, you can only claim that one of these individuals was the sig

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