Bytecoin is an open decentralized cryptocurrency. Anyone interested can join the Bytecoin network and take part in currency development. As well as the Internet, Bytecoin is international by its nature. Bytecoin allows safe and secure transactions around the globe and offers the convenience of instant FEE-FREE money transactions! In order to distinguish Bytecoin network from Bytecoin currency, the latter is referred to as BCN.
How is Bytecoin going to gain value?
Deflation, Bytecoins are gradually getting more expensive over time, since the emission is limited to 184.47 billion BCN. The number of Bytecoin emitted each 120 seconds is slightly decreasing. As a result BCN gains value and exchange rate increase. While currencies with sharp decrease of reward per block are exposed to intense declines in network power, Bytecoin emission is decreasing slowly, which protects the currency from economic shocks.
Personally I have bought Bytecoin when the price was $0.0005. Today the current price of BCN is $0.0031. My prediction is that BCN gets to $0.01 within a year.
I hope this has helped you understand Bytecoin more!
Thank you for reading!
-Seth Negley
