BCN Price $0.00057 Change (24H) -2.77% Volume (24H) $150K Market Cap $105M

Bytecoin (BCN) Price, Stats & News

Bytecoin Summary

Bytecoin uses a unique technology called CryptoNote to ensure that money transfers are guaranteed to be anonymous. To do this, it uses ring signature to verify transactions.

A user signs on behalf of a group of transactions from a pool of signers, each of which are identical to each other. Once signed, funds are sent to the recipient's one-time address generated from their public key.

Everyone can see when funds are received, making it possible to determine account balances, but public keys are obscured so the owners are protected.

Once a payment is complete, it is not possible to link payments together to see who sent money to whom.

Technical Stats

Supply 184 Billion
Genesis Date July 04, 2012 (over 5 years)
Hashing Algoritm Cryptonight
Block Time 2.0 Minute
Hashrate N/A

Bytecoin News

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