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.
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.