Hello, my fellow steem it users, this is my second post here on steem it as I am new to using this platform. However, today I would just like tickle your brains a bit and just share with you a little information about a coin I have been looking at for a little time now.
As a result, I would like to re-introduce a coin to you that many of you have known for quite some time but possibly have been overlooking it. Well, with no further delay the coin I will be telling you a litte about is BYTECOIN.
Some of you might ask what is bytecoin? According to bytecoin.org/info, it is an open decentralized cryptocurrency that anyone can use, allowing the user a means of sending and receiving money globally on the bytecoin network in a manner that is safe, secure, and also FEE-FREE.
So, what makes bytecoin different from other cryptocurrencies?
It is UNTRACEABLE, this means the public and private keys associated with the digital signature of any transactions are sent in a ring signature (group format). Therefore, when a transaction is sent using bytecoin, say it goes to a pool that everyone on the blockchain has their own keys (public and private) the end user/s use his or her private key to unlock the transaction, BUT they can never find out who sent the transaction from the pool/ group of people.
It is UNLINKABLE, as most users of cryptocurrency would know, when a public key is created anyone can use it. However, the difference on the bytecoin network is that you will not be able to trace this one-time randomly generated key to check on anyone’s balance on the blockchain which is done by using CryptoNotes technology.
It has DOUBLE SPENDING PROOF,
It has BLOCK ANALYSIS RESISTANCE,
It has STANDARD CRYPTONOTE TRANSACTIONS,
It has ADAPTIVE LIMITS,
It has SMOOTH EMISSIONS,
However, these are some of the good traits of bytecoin here is a link so you can get more info on the other differences. https://bytecoin.org/cryptonote/
Another feature I like about bytecoin is that you can mine bytecoins WITHOUT any software, instead you can mine from within the bytecoin wallet itself on your computer (MAC, Win, Linux).
Hope you enjoyed this synopsis of BYTECOIN, come on over, join me and many others on the march forward in the cryptocurrency world of bytecoin. https://bytecoin.org/downloads/ (The wallet Link)
https://bytecoin.org/ecosystem
https://coinmarketcap.com/currencies/bytecoin-bcn/
Here is a preview of what the wallet looks like on the inside once you have downloaded:
Sorry for the poor quality pic
