What is Bytecoin? Bytecoin is a private, decentralized cryptocurrency with open source code. That allows everyone to take part in the Bytecoin network development. Privacy and security come naturally from using the coin. The best solution for those who want to keep their financial privacy. Instant private transactions are provided all around the world by the Bytecoin Network. They are totally untraceable, and they don’t require any additional fees.
Specifics Your can participate in the operation of the network by allocating the computing power of your computer. Due to this mechanism, transaction processing is decentralized. This allows a person to be not only a user, but also a participant. The decision entirely your choice, you are able to choose to take part in network maintenance and get a reward for it, or buy BCN directly on exchanges.
Transactions Transaction privacy is protected by secure cryptographic algorithms whereby no one can identify who sent the money, who the receiver was, and what amount of money was transferred.
Safety and Reliability The reliability of Bytecoin is defined by the total computational power of all the computers that take part in the processing of transactions. The greater the processing power, the more reliable the network. In so doing all of the money stored in your wallet is already protected during the transaction process and its safety doesn’t depend on the network’s reliability. Your money is always safe.