Why ByteCoin (BCN) is Suitable for Long Term Investors

All transactions are carried out each 120 seconds. Miners ensure that the transactions are processed correctly and provide cryptographic protection of transactions and personal data. However, miners cannot access users' financial data since Bytecoin protects the identity of the sender and the receiver, and conceals the sum transferred.

As a reward, miners receive roughly 65,000 BCN (Currently 4848 BCN) each 120 seconds. Such approach allows both new money emission and zero-fee transactions.

Bytecoins are gradually getting more expensive over time, since the emission is limited to 184.47 billion BCN. The number of Bytecoin emitted each 120 seconds is slightly decreasing. As a result BCN gains value and exchange rate increase.

While currencies with sharp decrease of reward per block are exposed to intense declines in network power, Bytecoin emission is decreasing slowly, which protects the currency from economic shocks.

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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 - p...

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 ...

How ByteCoin (BCN) is the Only Coin Fulfilling Satoshi's Vision

BitCoin emerged as the financial revolution and shocked all banks, governments & other concerned institutions. Having a universal currency is not a distant dream now but with the technological advancements in the field of mining, original dream of "The Great Satoshi Nakamoto" also got disrupted. In his whitepaper he mentioned - "Proof-of-work is essentially one-CPU-one-vote." Please refer to the snapshot from original whitepaper below - Now all those who think ByteCoin is fork of BitCoin, Its not. These are two entirely different codebases actually. Bytecoin (BCN) has a very different proof of work, called CryptoNight. As referred above, Satoshi’s whitepaper states that one CPU should be equal to one user vote. However, his assumption did not hold, since FPGA farms and ASICs were soon to emerge and provided their holders with extreme advantage over other users. There have been several unsuccessful attempts to address this issu...

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