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Buy Bytecoin uk- BCN/GBP
£0.0006304
3.12 %
Change 24h

Description by Coingecko

Bytecoin is the first cryptocurrency created with CryptoNote technology. Bytecoin allows users to make absolutely anonymous money transfers through the CryptoNote algorithm. CryptoNote uses CryptoNote ring signatures to provide anonymous transactions and allows you to sign a message on behalf of a group. The signature only proves the message was created by someone from the group, but all the possible signers are indistinguishable from each other. Even if outgoing transactions are untraceable, everyone may still be able to see the payments received and thus determine one's income. By using a variation of the Diffie-Hellman exchange protocol, a receiver has multiple unique one-time addresses derived from his single public key. After funds are sent to these addresses they can only be redeemed by the receiver; and it would be impossible to cross-link these payments. As a primarily peer-to-peer (p2p) payment system, Bytecoin has many of the same use-cases as Bitcoin. Created in 2012, Bytecoin is one of the earliest developed cryptocurrencies. Until recently, the team behind the coin has kept themselves anonymous. Now, though, they’ve opened up multiple communication channels, removed some layers of anonymity, and even built several local communities. Bitcoin’s PoW consensus algorithm heavily favors miners that use powerful GPU and ASIC machines over those trying to mine with CPUs. This causes the network to centralize around the more powerful miners. Bytecoin attempts to close the gap between these two classes of miners with a new algorithm, Egalitarian Proof-of-Work (PoW). Egalitarian PoW uses a version of skrypt, a proof of work function similar to the hashcash function used by Bitcoin. The difference between the two is that scrypt isn’t memory bound. Because of this, you can produce highly efficient CPU mining rigs. GPUs will always be about 10 times more effective, though. The Bytecoin project has been fairly fractured since its inception in July 2012. Previously, several isolated teams worked on the project without seemingly communicating with each other. This led to numerous forks and versions of the coin. In July 2017, the team decided to change their image and provide more transparency to the community. The team still remains pseudo-anonymous by only providing names and headshots on their webpage – no bios or social media links. But, it’s tough to expect more from a project that’s focused on privacy. The team has been busy at work refactoring their code and are planning to release a new public API on February 6, 2018. They’ll also be entering the Asian, Middle East, and African markets throughout 2018.

Buy Bytecoin | BCN Price GBP

Bytecoin Price GBP is £0.0006304. BCN price has experienced a daily change of 3.12 %. This gives Bytecoin (BCN) a Market Cap of £ 52,806,336. The total volume of Bytecoin (BCN) traded in the last 24-hour period was £ 37,201. Total Supply of Bytecoin (BCN) is 184,470,000,000.

You can buy Bytecoin UK directly from Binance (if available) using a credit card or debit card. This referral will save you 20% on trading fees. If BCN is not listed or is otherwise unavailable, another possibility is buying a cryptocurrency available directly on Binance with a credit card or debit card. This crypto can then be traded with BCN on Binance, or an alternative exchange.

Bytecoin BCN is a cryptocurrency currently listed on web3spy.io with data from coingecko. At the time of initial listing, BCN had met the full listing criteria for inclusion on coingecko. For this reason, web3spy.io has given BCN a default star rating of 3 stars. This is intended to be an unbiased and neutral rating. Please research this project thoroughly before trading.

Always exercise extreme caution when moving cryptocurrencies. We in no way endorse any cryptocurrency project, nor do we encourage trading on any exchange listed on this website. Please do your own research.

Bytecoin (BCN) was created on July 4, 2012. Bytecoin (BCN) is a digital asset secured by cryptography. We supply BCN/GBP trading pairs below. More information can be obtained from the official Bytecoin (BCN) website at: bytecoin.org

BCN blockchain can be viewed here: chainradar.com minergate.com

BCN social networks can be viewed here: Twitter BitcoinTalk bytecointalk.org

Bytecoin (BCN) Rating

★★★★★★★★★★
3 stars 1 votes

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BCN/GBP Price Chart

Genesis
July 4, 2012
Market Cap
£ 52,806,336
Volume 24h
£ 37,201
Total Supply
184,470,000,000
BCN
£

BCN Questions and Answers

What is the latest price of BCN in GBP?
The latest BCN Price is £0.0006304
What is BCN's MarketCap in GBP?
BCN's MarketCap is £ 52,806,336
Where can I buy BCN in the UK?
You can buy BCN on Binance (if available) or an alternative exchange
What is the 24-hour trading volume of BCN in GBP?
The 24-hour trading volume of BCN is £ 37,201
What is the Circulating Supply of BCN?
The Circulating Supply of BCN is 0
What is the Total Supply of BCN?
The Total Supply of BCN is 184,470,000,000
Where can I sell BCN in the UK?
You can sell BCN on Binance (if available) or an alternative exchange
What is the web3spy.io star rating for BCN?
The current visitor generated star rating for BCN is 3 (based upon 1 visitor votes)