"Bytecoin is the first cryptocurrency created with CryptoNote technology and is not a Bitcoin fork. Bytecoin allows users to make absolutely anonymous money transfers through the CryptoNote algorithm. CryptoNote implements the ring signature technology which allows you to sign a message on behalf of a group. The signature only proves the message was created by someone from the group, but all the possible signers are indistinguishable from each other."
https://www.coingecko.com/en/price_charts/bytecoin/cad#panel
Even if outgoing transactions are untraceable, everyone may still be able to see the payments received and thus determine one's income. By using a variation of the Diffie-Hellman exchange protocol, a receiver has multiple unique one-time addresses derived from his single public key. After funds are sent to these addresses they can only be redeemed by the receiver; and it would be impossible to cross-link these payments.
Bytecoin is CPU-minable and ASIC resistant. Difficulty and max block size readjust automatically based on the system's previous state. Genesis Date July 04, 2012 (over 5 years)
