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Bytecoin

BCN

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Market

Market stats

Market cap

$6.1M

Volume (24h)

$25,426.84

Circulating supply

184.1B BCN

All time high

$0.0300

Price change (1h)

-1.91%

Price change (24h)

+4.76%

Price change (7d)

+6.25%

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Bytecoin is on the rise this week.

The price of Bytecoin has risen by 6.25% in the past 7 days. The price increased by 4.76% in the last 24 hours. In just the past hour, the price shrunk by 1.91%. The current price is $0.000033 per BCN. Bytecoin is 99.89% below the all time high of $0.0300.

The current circulating supply is 184,066,828,814.058 BCN.

About

Bytecoin is a cryptocurrency focused on privacy. Transactions on the Bytecoin blockchain can’t be tracked or traced.

What Is Bytecoin (BCN)?

Bytecoin (BCN) is a decentralized and private cryptocurrency with an open-source code that aims to allow anyone to contribute to the Bytecoin network’s development. The network aims to ensure efficient operation with minimal cost allowing reduced fees benefiting the end user. The protocol believes in improving the existing financial system and designing and implementing the new ones. Bytecoin platform provides an alternative to the individuals who wish to keep their finance private as it seeks to promote privacy and security.

In addition, the network envisions developing a new and efficient financial system providing the same functions as the existing ones at a reduced cost for the users. The platform aims to have the following governing principles for this project:

  • Self-regulation - The network provides self-control for the costs required in the operation of the currency. This approach allows the system to determine the optimal stage when operating efficiency is the highest.

  • Openness - The network encourages any user to use the currency and participate in system development as well.

  • Egalitarianism - The network protocol is designed in a way that both specialized and nonspecialized computers can operate on the network with equal efficiency.

The website states that the Bytecoin protocol seeks to operate on three primary technological aspects. The first one is untraceable payments, wherein Bytecoin seeks to use ring signature technology to sign a certain user's transactions on behalf of the group. As a result, a secure and entirely anonymous payment system is created. 

The second one is unlinkable transactions.  In a traditional blockchain, anyone may see the payment users have received and calculate the income. Thus, Bytecoin seeks to mitigate this risk by offering users with several, one-time addresses based on their public key. This prevents transactions from being linked.

Lastly, there is scalable blockchain. Bytecoin is a cryptosystem that does not have any hard-coded restrictions. It seeks to produce a flexible blockchain that responds to the condition and capacity of the network and generates a block every two minutes.

Furthermore, the network has BCN as the native utility token. BCN is the first completely untraceable token created using the Cryptonote protocol, a technology that is designed to provide innovative privacy features. BCN is the primary currency of exchange on the Bytecoin ecosystem, allowing users to trade in partnered exchanges, mining pools, and merchants.

History of Bytecoin (BCN)

The Bytecoin network was launched on July 4, 2012. Jenny Goldberg serves as the chief marketing officer for the Bytecoin network. The other team members include Gabriel Carranza serving as partnership manager, Harry Ullaman as communications specialist, Ngoc Thach Ho as blockchain engineer, and more.

BCN has a maximum total supply of 184,470,000,000 tokens.

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Reading List

News

The Block • Sep 27, 23

Bitcoin’s correlation with equities continuing to diverge

The correlation between bitcoin and equities will continue to diverge over the coming months due to the Fed's continued monetary tightening.

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Decrypt • Sep 27, 23

You Can Now Trade Bitcoin Mining Hashpower on Arbitrum

The Lumerin Hashpower Marketplace creates a novel method for decentralizing Bitcoin's global hashrate and makes mining accessible to retail investors.

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Unchained • Sep 27, 23

SEC Chair Gensler Says Bitcoin Isn’t a Security

Appearing before the U.S. House Financial Services Committee on Wednesday, Securities and Exchange Commission (SEC) Chair Gary Gensler said that bitcoin (BTC) isn’t a security but stopped short of calling the digital asset a commodity. The sentiment echoed Gensler’s previously more lenient stance on

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CoinDesk • Sep 27, 23

The Protocol: Google Pushes Deeper into Blockchain

Google's cloud-computing division is increasingly involved in blockchain, with plans to add 11 networks including Polygon, Optimism, and Polkadot to its 'BigQuery' program for public datasets.

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CoinDesk • Sep 27, 23

With All Eyes on a Spot Bitcoin ETF Approval, Don’t Sleep on ETH (or ETHE)

There’s a better trade than buying Grayscale’s GBTC if you’re optimistic the SEC will approve crypto ETFs.

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The Block • Sep 27, 23

FalconX participates in $3 million seed round for DeFi portfolio manager Bril Finance

Bril Finance raised $3 million in seed funding from FalconX, Kosmos Ventures and the Algorand Foundation. It also officially launched on Sei.

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FAQ

What is the current price of Bytecoin?

We update our Bytecoin to USD currency in real-time. Get the live price of Bytecoin on Coinbase.

What is the market cap of Bytecoin?

The current market cap of Bytecoin is $6.13M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Bytecoin?

The all-time high of Bytecoin is $0.0300. This all-time high is highest price paid for Bytecoin since it was launched.

What is the 24 hour trading volume of Bytecoin?

Over the last 24 hours, the trading volume of Bytecoin is $25.43K.

What other assets are similar to Bytecoin?

Assets that have a similar market cap to Bytecoin include Valor Token, Polkadex, Swash, and many others. To see a full list, see our comparable market cap assets.

How many Bytecoin are there?

The current circulating supply of Bytecoin is 184 billion.

Can I buy Bytecoin on Coinbase?

No, Bytecoin is not currently available on Coinbase, but you can sign up to get the latest news on Bytecoin and be notified when it gets added to our exchange.