What is Bytecoin and Should i mine/invest?

in #cryptocurrency7 years ago (edited)

What is #Bytecoin?

Bytecoin is a private, decentralized #cryptocurrency with an open source code that allows everyone to be involved in the Bytecoin network development. Its transactions are completely private and untraceable.

Bytecoin was created as the first cryptocurrency using #CryptoNote Technology on July 4th 2012. The CryptoNote technology is what gives the Bytecoin transactions total #anonymity.

Why Bytecoin?
As mention above, one of the key differences and pros of Bytecoin compared to Bitcoin is the totally anonymous transactions. with Bitcoin whomever receives bitcoin and track the senders wallet address and view their wallet states.

Not to mention, mining Bytecoin is a lot easier than other coins as it can be mined with either CPU or GPU. I'm currently using #Minergate to mine BCN and with an old Nvidia GTX 760 I am able to mine about 100 BCN per day. I'll put the links at the bottom where you can sign up and get your Bytecoin Wallet.

Although the current exchange rate for Bytecoin (BCN) is $.0159 USD, in the last year its value as increased an awesome 1,835.02%. seeing a steady increase like that over an entire year tells me that this coin is on an upward trend and at this time there is no way you can lose. Add in the increase of market cap from 1/3/2017 $10,741,148 USD to 1/7/2018 $2,926,88,804 USD and i think we've got a winners.

The developement team is also on top of any updates which you can find at https://bytecoin.org/news.

Updates/analysts and thoughts/predictions on Bytecoin to come

Links/Sources

Bytecoin Website: https://bytecoin.org
Market data: https://coinmarketcap.com/currencies/bytecoin-bcn/
Bytecoin Wallet: https://bytecoin.org/downloads
MinerGate: https://www.minergate.com

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