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In its latest announcement on 5 th December, Bytecoin gave an update on the development of its untraceable tokens. In the announcement, the company explained the advantages and the disadvantages for someone to own or trade in the untraceable tokens. The developers believe that these basic ideas when put together will set new standards of initializing and participation for an ICO.
According to Bytecoin, the only parties who will know about a purchase or selling transaction are the persons doing it and no one else. The programming of the token will secure your identity. The acronym for the currency is BCN. It was launched in July It has an open source code which is designed for anonymous cash settlement. There are many ICOs which have happened in and this is what persuaded Bytecoin to invest heavily in the development of the untraceable tokens.
Even though this altcoin is seen as a pioneer in the usage of CryptoNote in the Cryptocurrency market, there are allegations which the developers of the altcoin have never been able to fully answer.
No one seems to doubt the mathematics behind the CryptoNote and the way it works. Just like the Monero based cryptonote technology, the one used by this altcoin is solid.
Unlike popular newcomer cryptocurrencies of , no one seems to have ever heard of Bytecoin for years after it says it was started. This was a good year for the alternative coin. Stay up to date with the financial markets everywhere you go. Publicity around Bytecoin Even though this altcoin is seen as a pioneer in the usage of CryptoNote in the Cryptocurrency market, there are allegations which the developers of the altcoin have never been able to fully answer. What future does Bytecoin have?
Comments 0 comment s Click here to cancel reply. Get the most recent news at your inbox Stay up to date with the financial markets everywhere you go. Sign up for updates. View ICO See whitepaper. SiaCoin SC - 0. Get the most recent news at your inbox.