Today's Bytecoin price is $0.00003329, which is down <1% over the last 24 hours. Bytecoin's market cap is $6.13M. 24 hour BCN volume is $3.0000. It has a market cap rank of 512 with a circulating supply of 184,066,828,814 and max supply of 184,066,828,814. Bytecoin is traded on exchanges. Bytecoin had an all-time high of $0.016542 about 5 years ago. Over the last day, Bytecoin has had 0% transparent volume and has been trading on 36 active markets with its highest volume trading pairs being .
|Bytecoin Price (24hr)||$0.00003329 (-0.39%)|
|Market Cap||$6.13M (-0.39%)|
|Trading Volume (24hr)||$3|
Transparent Vol. (24hr)
|Circulating Supply||184,066,828,814 (100.00%)|
7D Price Prediction
Bytecoin (BCN) is a privacy-centered cryptocurrency that launched in July 2012. Based on the CryptoNote protocol which uses ring signatures and stealth addresses, the project claims that transactions are untraceable and unlinkable.
Bytecoin (BCN) should not be confused with Bytecoin (BTE), an inactive cryptoasset based off of Bitcoin’s (BTC) protocol.
Each transaction on the Bytecoin network utilizes a one-time public key. By doing this, the problem of address re-use is eliminated and decreases the traceability of transactions. To help obscure the connection between users and transactions, ring signatures are used. With ring signatures, transactions are digitally signed by one member of a group (each having their own private keys), however, there is no way for an outside observer to determine which one actually signed it.
Bytecoin uses an egalitarian proof-of-work consensus algorithm called “CryptoNight,” designed to restrict ASIC mining and make CPU and GPU mining equally efficient. Each block time on the Bytecon blockchain is 2 minutes (compared to Bitcoin’s 10 minute block time). To maintain a consistent block rate, the mining difficulty changes as the network hash rate increases and decreases after each block. This protects the blockchain from “freezing up” even when the system traffic spikes or has a sharp drop in the number of miners.
Bytecoin is considered one of the first privacy coins to exist in the space. Monero (XMR), a popular privacy project, is actually a fork from the original Bytecoin protocol.
Some have criticized Bytecoin’s mining history. A prominent Monero developer argues that 82% of Bytecoins were pre-mined before the project was released to the public. Bytecoin has a maximum total supply of 184.47 billion coins. At the time of this writing, over 99% of the coins are already in circulation.
The founders of this privacy project are anonymous.Read More