Founded in 2013, Bytecoin is a decentralized cryptocurrency project designed to offer a more efficient financial system compared to its competitors. It is open source, allowing anyone to participate in its development. The Bytecoin ecosystem includes a mobile and desktop wallet, liquidity pools, and various other DeFi services. Its native currency, BCN, has a total supply of 184.46 billion BCN. Key features of Bytecoin include a network operated by globally distributed nodes, untraceable payments facilitated by Ring signatures that blend similar outputs, and obscured address transactions. The network continually evolves, adjusting difficulty based on hashrate and employing a smooth emission curve to maintain mining rewards. Bytecoin uses the CryptoNote protocol, specifically the CryptoNigh...
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