Bytecoin (BCN) Analysis
Market Cap
$62,756,233 USD
Volume (24h)
$51,461 USD
Top cryptocurrency services
Bytecoin investment analysis
Many users of cryptocurrencies are appreciating the need for greater privacy, knowing that most of the popular coins are not as anonymous as they have been projected to be. This is where a solution such as BCN comes handy.
The decentralized token is a means of value transfer that is secured through cryptography, yet open sourced that anyone with computational power can get involved in securing the network by adding a node as a miner. This secures the platform by ensuring there is no central system responsible for transaction verification and confirmation.
The simplicity and emphasis on privacy, coupled with regular updates make Bytecoin investment attractive, especially these days personal data are easily compromised. In transactional use, the sender, receiver and amount transacted are cryptographically concealed, making it impossible to track transaction history of any of the parties involved and their identity. This feature makes the coin untraceable while the network ensures the safety of every transfer.
The tool analyzes each currency for the 6-month historical price data, searches for possible patterns and showing possible profit rate in the coming months.
The tool analyzes each currency for the 6-month historical price data, searches for possible patterns and showing the possible price in the coming months.
How to buy Bytecoin?
Like with most cryptocurrencies, you can buy Bytecoin through purchases made on exchanges or by mining them. Obviously, the fastest way to get it is through an exchange. Anyone with a compatible wallet such as myetherwallet can store it and use it. Alternatively, simply download a BCN wallet for storage of the coin.
What really digs me with this platform is that its developers made sure for its security, by ensuring there is no central system responsible for transaction verification and confirmation. It is worth noting that Bytecoin is the first of its kind with a number of forks spawning in the course of 2 years, namely: FantomCoin, QuazarCoin, Moneta Verde and others. I even got some information that there will be a hardfork which will only mean that users with the old client versions will have to be updated to the new ones. The main aim of the hardfork is to end up with some essential issues like missing coins, cancelled transactions, sync speed, and make BCN much more stable. This will be a best time invest into bytecoin because I noticed that even the ratio of growth of bitcoin to bytecoin in relative. What might have a little-hitch is the smart contracting feature considering ethereum is well established there.