Bytecoin Project Profile
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It is a fundamental human right that is explicitly stated in the Universal Declaration of Human Rights, the International Covenant on Civil and Political Rights and in many other international and regional treaties.
Privacy underpins human dignity and other key values such as freedom of association and freedom of speech. And now, as we all can see, privacy is a head-of-state issue on the global stage. Yes, this year showed us a lot about our privacy and the forces hunting for our personal data. Bytecoin technology pdf we actually know how hard it is to keep our lives safe and private. Body scanners that produce near-naked images of people; global programs spying for mails and phone calls; NSA agents in games and other bytecoin technology pdf environments; private policies allowing companies to use your data bytecoin technology pdf advertisements; systems controlling your bytecoin technology pdf flow; surveillance cameras every corner If you stay quiet for a minute and you'll feel a chill on your skin - that's how Big Brother is watching you.
But if you have already started to build the guarded bunker for bytecoin technology pdf skeletons from your cupboard, we have news for you. You may stop your building for a while and relax. Because also showed the world how to fight for rights and private lives without blood and shambles. Yes, it is all about the cryptocurrency and Bytecoin!
Some of you may say that decentralized crypto-monetary system with high anonymity level is not a panacea, but it's undeniably important step on the way to the bytecoin technology pdf world.
And if was the year when only few pioneers were brave enough to try this road, became the turning point and bytecoin technology pdf of people all over the world have already done bytecoin technology pdf first single step, starting "a journey of a thousand li" to the future.
Dear friends, now we are standing at the beginning of an entirely different era, but everything - our stable network, our large community, the whole our system - is ready for new challenges! Fundraising in order to support important initiatives is still goes on at http: Updated software awaits in the downloads section! It contains various optimizations and Wincompatibilty.
MacOS binaries and bytecoin technology pdf are available in the downloads section. This version is fully compatible with MacOS We have released windows bundle with everything you need for a quick start.
If you are new bytecoin technology pdf our community, just download " Easy setup bundle for the beginners ". It contains daemon, wallet, blockchain, and "run. The script will install the blockchain, open the daemon, and bytecoin technology pdf your new wallet or open an existing one. Bytecoin's network is stable again. Connectivity is back and hash rate is recovering to a pre-incident level. You may mine and make your transactions in a usual manner without any concerns.
We think one possibility of what happens is planned botnet attack on our network. Somebody tried to exploit the p2p protocol vulnerability and kill our TOR gateways. It may be the result of the recent Mt. Gox related events and somebody's wish to manipulate cryptocurrencies. However further investigation is needed. By the way it was good stress test for the whole Bytecoin system.
And we passed it with the highest marks! Bytecoin proved its reliability, our core developers demonstrated their ability to respond quickly to sudden problems, and all members of Bytecoin community showed a very good team work!
Some of us can remember that at the same time last year Bytecoin was like a little child doing his first steps. The system had been working less than half of the year and was far from being perfect. The first quarter of was the hardest time for us all, you know it. But then May started and brought the fresh blood to our community, new solutions and ideas for the old problems and finally became the turning point for the whole cryptocurrency world and for Bytecoin too.
We have done a lot since that time. We had grown even bigger then we could imagine last December. That's why we would like to thank all devs, teams' leaders and members, all people from the industry, individual miners and everybody else who believed in us, who supported us and worked over our common project! All of you should bytecoin technology pdf We are full of hopes for the best, full of the brightest plans for the future and of strength for their realization.
In bytecoin technology pdf of widespread talks about Zerocoin ZC we want to make a few notes about this tech and how it compares with our ring signature.
Leaving aside cryptographic mumbo-jumbo, we will consider only consumers features. First of all, let us boast our benefits. To spend a single zerocoin you should produce a signature sized of KB. It implies high user fees and blockchain bloating. Our system offers a user to choose his anonymity level and the size of his signature: A conservative size about bytes provides you almost the same practical level of privacy as ZC.
Moreover, our solution relies on elliptic crypto, which works in general noticeably faster than RSA-based ZC. Yes, bytecoin technology pdf flexibility of our scheme has one hypothetical downside. As we said, a user can choose his level of privacy. ZC already hides your payments among all transactions with the same constant: It perfectly suits for a low transaction rate, but our linear-sized ring signature is asymptotically better: Another important note is about trusted setup in Bytecoin technology pdf.
In easy words the whole system is based on some secret values nobody should know for example, this secret allows to make a double spend. How to acquire these values? The second option, of course, is preferable, but the problem of trust still remains: As you bytecoin technology pdf, our system bytecoin technology pdf no such trapdoors: We consider this as a major advantage over ZC.
CryptoNight ; Block time is seconds; Difficulty retarget each block; Block reward decreases each block according to the formula: Community news Privacy is the state of being free from intrusion or disturbance in one's private life and affairs. So let be the year of Bytecoin! Let's do it together! Bytecoin high level API formalized. All the services and stores are strongly recommended to migrate to it.
Thanks to everybody, who kept nodes, opened additional gateways and offered solutions! Thanks to people who helped to spread information and consulted others how to update their deamons. Thanks to all who react fast!
Thanks to all of us! The problem has been found and fixed. New binaries and sources are already available in the download section.
