What is Bytecoin (BCN)

"Bytecoin is an open decentralized cryptocurrency. Anyone interested can join 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."

The good
Bytecoin transactions are private, and protects the privacy of the sender. Bytecoin is more focused on businesses than some of its privacy coin competitors. One of the first privacy coins ever. Bytecoin has a long history. It can be mined using proof of work.

The bad
Recently, a bug in the cryptonote algorithm was found by XMR that allows hackers to create coins out of thin air. It was found and the team has confirmed they are working on it, but the market has proven there are better privacy coins.