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.
Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
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.
Bytecoin is a cryptocurrency focused on privacy. Transactions on the Bytecoin blockchain can’t be tracked or traced.
is a decentralized and private 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 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, 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 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 . BCN is the first completely created using the 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, pools, and merchants.
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.
Assets with the biggest change in unique page views on coinbase.com over the past 24 hours.
The current market cap of Bytecoin is $6.13M. A high market cap implies that the asset is highly valued by the market.
The all-time high of Bytecoin is $0.0300. This all-time high is highest price paid for Bytecoin since it was launched.
Over the last 24 hours, the trading volume of Bytecoin is $25.43K.
The current circulating supply of Bytecoin is 184 billion.
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.
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