Bytecoin is an open decentralized cryptocurrency. Anyone interested can join Bytecoin network and take part in currency development. As well as the Internet, Bytecoin is international by its nature.
Bytecoin allows safe and secure transactions around the globe and offers the convenience of instant fee-free money transactions.
In order to distinguish Bytecoin network from Bytecoin currency, the latter is referred to as BCN. For instance, current Bytecoin emission rate is 65,000 BCN each 120 seconds. Bytecoin is an open cyptocurrency. Therefore anyone willing can become a user of the currency and voluntarily take part in operation of the network. The only thing you need to do is to download special software that will create a wallet for you. With help of this software you will be able to send money to other users and receive payments from them.
Bytecoin algorithms don’t allow other users to know your wallet balance, to whom you send money and where you receive your funds from.
You can take part in operation of the network by allocating computing power of your computer. Due to this mechanism, transaction processing is decentralized, which allows a person to be not only a user, but also a participant.
There are two ways to obtain Bytecoins. You can take part in network maintenance and get a reward for it, or buy BCN directly on exchanges.