For the past 10 years since Bitcoin was introduced to the world, people all around the globe have more or less got used to some classic model of cryptocurrency existence. Cryptocurrency is a reward method for maintaining the work of the blockchain network. Blockchain network is a decentralized ledger. Maintaining the blockchain along with obtaining […]
Bytecoin is a cryptocurrency that was first to implement the CryptoNote protocol. Bytecoin made a significant impact on the cryptocurrency industry and remains to be one of the most popular coins on the market to this day. Bytecoin became a base for multiple forks, some of which are Monero, AEON, and Fantomcoin.
There is no doubt that mining is the backbone of every cryptocurrency. Whether it is on a mobile phone, ASIC, or hardware in the Cloud, it is these computations, big or small, that make the transactions of users possible. Here is an up-to-date review of the CryptoNote mining scene.
Dear miners, We are glad to inform you, that recent issues with Bytecoin withdrawals were finally solved. Starting from now you can transfer all your BCN funds to the Freewallet and operate them off-chain as any other supported cryptocurrency.
There have been many algorithms discussed and proposed over the years in the cryptocurrency space. There are many arguments for and against each Proof-of-Work algorithm, however, we’ll discuss two most widely known of them – CryptoNight and EquiHash.
Blockchain tech has been making waves as it is rapidly implemented into business models, governing systems, and educational endeavors all over the world. There is no question that this tech, which was born as the driving force of cryptocurrency, is fundamentally changing the world. However, with the inherent need for transparency that blockchain can provide, […]
Bytecoin’s BCN price soared during the preceding month scoring a 312% rise in its value, even though bitcoin has been witnessing a relatively powerful bearish wave during most of this period. Even more, Bytecoin is one of the cryptocurrencies whose price are expected to reach higher levels in 2018 for many reasons, especially that the […]
Even though Bitcoin was initially thought of as a highly anonymous method of payment, the truth is that the privacy options offered via Bitcoin’s blockchain even when coin mixing processes, such as CoinJoin, are used are far from being perfect. Later on, many cryptocurrencies were created to solve Bitcoin’s anonymity flaws in an attempt to […]
You lined up your racks, you aligned those miners, powered the risers and everything is buzzing nicely, hashing around and, most importantly, drawing power each and every second. The power that costs a lot of money. The power that must be converted to revenue, otherwise all your gear is just scrap iron (and some plastic). […]
Monero XMR is a virtual currency more private and anonymous than Bitcoin, born in 2014 from the fork of Bytecoin BCN. Monero after the bifurcation from Bytecoin, the developers undertook to improve their original code and integrate the CryptoNight algorithm for mining, where the order of transactions is voted on, new features in the protocol and […]