Know ByteCoin

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.   Bytecoi...

The proof of work mechanism is actually a voting system. Users vote for the right order of the transactions, for enabling new features in the protocol and for the honest money supply distribution. Therefore, it is important that during the voting process all participant have equal voting rights. CryptoNote brings the equality with an egalitarian proof-of-work pricing function, which is perfectly suitable for ordinary PCs. It utilizes built-in CPU instructions, which are very hard and too expensive to implement in special purpose devices or fast memory-on-chip devices with low latency. We propose a new memory-bound algorithm for the proof-of-work pricing function. It relies on random access to a slow memory and emphasizes latency dependence. As opposed to scrypt, every new block (64 bytes in length) depends on all the previous blocks. As a result a hypothetical "memory-saver" should increase his calculation speed exponentially. Our algorithm requires about 2 Mb per i...

Here is the roadmap's visual representation with the features described below. Image areas are clickable. All of the updates mentioned on this page are in active research or development stages. This page is updated with each new release.

Bytecoin is an open decentralized cryptocurrency. Anyone interested can join Bytecoin network and take part in currency development. As well as the Internet, Bytecoin is international by its nature. Bytecoin allows safe and secure transactions around the globe and offers the convenience of instant fee-free money transactions. In order to distinguish Bytecoin network from Bytecoin currency, the latter is referred to as BCN. For instance, current Bytecoin emission rate is 65,000 BCN each 120 seconds. Learn more about Bytecoin Bytecoin employs open source technology. You can familiarize yourself with  the source code and cryptographic algorithms of all programs . If you happen to be a mathematician, a cryptographer, or a programmer we're eager to  discuss  any technical details about Bytecoin that you might find interesting.