Bytecoin (BCN)What's Bytecoin price? How much potential does it have? How to buy Bytecoin? And where can you buy it? Find answers to all of those as well as to many others questions related to it and discover cryptos in the same category. And see how BCN compares to Bitcoin based on its performance!
(Price data last updated about 19 minutes ago)
Data last updated about 19 minutes agoBCN All Time Low/High: €0.00000519 (+425%) / €0.122297 (-100%)
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Compare BCN and BTC performance
How popular is Bytecoin cryptocurrency?Bytecoin ranks 1250th among all cryptocurrencies. It has a market cap of €5013944. The total trading volume within the last 24 hours was €703.77.
How much potential does it have?How much can Bytecoin grow? It's hard to say how much potential this cryptocurrency has exactly, but based on its circulating supply (184,020,000,000), it can theoretically grow at least 100871x before it would become more popular than Bitcoin. This means that based on BCN maximum potential it could reach €2.74873 before it would have to overtake Bitcoin.
How to buy Bytecoin?The easiest way to buy BCN is to use a cryptocurrency exchange. There are a lot of exchanges out there these days - both centralized and decentralized. And you can find this cryptocurrency in a number of exchanges these days. Currently there should be the very minimum of 6 Bytecoin exchanges available.
Where can you buy it?BCN should be listed in these exchanges:
Where can I find more information about Bytecoin?You can find more information about it through the crypto homepage and social media pages brought out on top of this page. And we always recommend you to do further research about the crypto yourself as well.
When was BCN created?According to our information BCN was created 4th July 2012.
What is Bytecoin?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.
|Market Cap: €5013944||Rank: #1250||Volume: €703.77|
Bytecoin (BCN) live price chart
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How big was Bytecoin coin volume within the last 24h?
Bytecoin (BCN) last recorded volume was € 703.77.
How much has Bytecoin price changed during one year?
BCN price has changed during the last year -78.47 %.
Is BCN coin close to its All Time High price?
BCN all time high price (ath) is €0.122297. Its current price is €0.00002725. This means that the difference between Bytecoin (BCN) All Time High price and BCN current price is -100%.
What is the maximum price Bytecoin (BCN) could VERY theoretically reach?
BCN has a current circulating supply of 184,020,000,000. Based on our calculation BCN could reach up to €2.74873 before it would have to overtake Bitcoin. So in theory the potential for growth is 100871x its current value (€0.00002725). However, keep in mind that the coin's actual potential is based on the value it provides to the user. So this is just a logical maximum potential price calculation for Bytecoin and in no way is it a prediction of any kind, far from it.
Where can you buy Bytecoin?
Bytecoin is currently listed on at least these crypto exchanges: HitBTC, TradeOgre, Gate.io and possibly some others.