Bytecoin BCN

$0.0007
Market Cap $ 137.481 MM (#45)
24h Volume $ 218.586 K
Chg. 24h: -3.15%
Algo. score 3.4/5  (#252)
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Bytecoin News

An Interview With Bytecoin CMO Jenny Goldberg

Hi Jenny. Please introduce Bytecoin to our readers. Well, as you’ve probably heard, Bytecoin is one of the oldest cryptocurrencies and the first untraceable coin to be created based on CryptoNote technology. From the beginning, we have been industry pioneers in terms of security, privacy, and anonymity. While we have kept true to the principles of our initial vision, now we are working on expanding further outside of the limited financial role that most coins play. Concerning what we are working on now and where we are headed in the future, one of our highest priorities is the development of innovative technology. Tell us briefly about Bytecoin’s latest updates. What’s going on now with the project? To start with, we’ve released a roadmap recently, so there’s plenty of things we’ve got going on, among them: Bytecoin Gateways, a project that is ideologically close to stablecoins, and the latest release of the stable version of our Amethyst software. These releases, along with early hardware wallet support, are preparing our users for the upcoming hard fork. OK, so what is Bytecoin’s Gateway project all about? The idea for the Gateway project came to us organically. We had been working on auditable wallets for some time and as a result of that work the possibility to do something akin to bridging presented itself, and we started exploring it. We are still in the development stage of the project, but users who would like to use Bytecoin with more transparency and explore possibilities that are not limited to the frames of our blockchain will be able to do it with Bytecoin Gateway. Let’s take Ethereum as an example. With a prospective gateway, users would still get the benefits that come from using the original Bytecoin ecosystem, and, in addition, would be able to enjoy the benefits that come with Ethereum tokens. This would have the potential to increase adoption and, in doing so, benefit the community. Gateway technology offers a number of perks to anyone willing to make a bridge between the Bytecoin blockchain and another network. How is Gateway connected with the new release of Amethyst? Amethyst is a software update comprised of many different features, including the use of auditable wallets. As we noted earlier, auditable wallets make Gateways possible; they technologically provide transparency via public interface which is necessary for creating an auditable pool, which is the cornerstone of Gateway ideology. Amethyst, why such an unusual name? At first we wanted to name our releases after Icelandic mountains, they have quite beautiful names: Eyjafjallajökull, Herðubreið, Hrútfjallstindar. They would have really stood out, but umlauts and multiple consonants would have made these names highly inconvenient for our users. Then one of our team members came up with the Amethyst idea. Amethyst is a type of stone that has a long history of significance. Etymologically, Amethyst has greek origins and means “not intoxicated”. The gemstone was thought by the Greeks to have special powers that enabled people to remain sober and clear-headed at all times. That and the elevated status traditionally enjoyed by the color purple have imbued the amethyst stone with a mystical significance the ramifications of which are still felt to this day. For us, we thought it would be a fitting name for the next stage of our project which we consider a step forward in accordance with the direction in which we feel the industry needs to move. The time for wild speculation and platforms without substance has passed. The industry has grown up a bit and sobered up in the process. We have also undergone some changes but Amethyst is a reflection of the focus we’ve had since our founding on making Bytecoin as useful as possible for our community. We are interested in producing technology of value, the frills are not important. So Amethyst, for us it is a symbol that evokes this kind of no-nonsense approach. What else do you plan to release before the hard fork? Anticipating the hard fork, we have just released early support for Ledger and Trezor wallets on our stagenet. The technological grounds for this support is the ability to generate keys from mnemonics. To do this we had to adapt our existing wallet structure to the standard structure for HD wallets. That’s why we are waiting for the hard fork to use this technology in the mainnet. What are the mechanics of the upcoming Bytecoin hardfork? For a hard fork to occur, more than 90% of blocks with a new soft usage should be submitted. When this number of blocks is reached, the predetermined period starts, which lets everyone who hasn’t yet updated the software to catch up. And then finally at a certain point the system is scheduled to stop accepting the old blocks, accepting only the new ones. At that point all the new features will be able to be used throughout the network. That’s how decentralization works. Bytecoin’s code is stored on users’ machines. Users and integrators must fir

11 hours ago

Max’s Corner: The Roadmap Revue

Coinspeaker Max’s Corner: The Roadmap RevueThis week, with much being made of Australia’s national blockchain roadmap and NEM’s attempts to right the ship, we thought it would be best to dedicate the column to an in-depth look at some of the recent roadmaps that have come out, including Bytecoin’s own.The Australian Government Reveals a National Blockchain Roadmap and More FundingAustralia has just released a national blockchain roadmap with allocated funding in order to further development in this field and position Australia as a global leader in the blockchain industry. The 100,000 AUD, though a modest sum in itself, brings the government’s investment total in the project to over $1 million.The Australian roadmap is focused on adjusting policy to create beneficial regulation, build skills and frameworks, and encourage innovation and investment. The most recent addition of funding will go towards covering Australia’s representation at Austrade’s Mission to Consensus in New York City in May, a landmark event for the blockchain industry.Australia is among a handful of countries that have been using government resources to encourage the development of blockchain technology. Although the majority of blockchain projects have been produced in America, other countries around the world have been taking emerging roles in expansion and development.Among the countries with a more hands-on approach is Estonia, where its capital, Tallinn, has been dubbed “the silicon valley of Europe.” Because of smaller demographics, countries like Estonia and even Australia have a considerable advantage when it comes to policy experimentation, which has resulted in higher levels of adaptation and integration.As laid out in a press release from Australia’s Minister of Trade, Tourism, and Investment, the national roadmap hinges on the data that Australia gets back from CSIRO’s Data 61, a government firm exploring blockchain solutions for businesses in Australia.In two previous studies, Data 61 elucidated the advantages that would come with an effort to encourage Australian businesses to expand into the blockchain space as well as the risks that would accompany such an expansion. Further findings by Data 61, specifically related to the benefits blockchain integration would have for businesses and for the government, are expected to further shape the national roadmap and dictate funding procedures.Although, as we’ve mentioned, Australia is hardly the only country with blockchain ambitions, as one of the leaders of the pack, the measures they take and the data that informs those measures could have global repercussions.Teetering on the Edge, NEM Gets Funding and Unveils New RoadmapAfter announcing that they were on the verge of announcing bankruptcy, the NEM foundation has announced that they have received $8 million in funding, which will be used to cover their costs of operation, and has unveiled a new roadmap featuring a new approach to the way they will operate.At the height of the bull market, the market capitalization for XEM, the token of the NEM platform, was estimated at over $15 billion. At the time, there were over 150 people on the payroll for NEM, a non-profit organization managing the development of the NEM cryptocurrency platform.NEM’s roadmap featured three primary developments: funding, the Catapult Project, and the establishment of a transformation team. As far as funding is concerned, NEM was able to secure funding after requesting that 210 million XEM tokens (about $9 million) be released from reserves. The funding will come in stages, and the plan of action details how the first installment of funding will be dispersed.The Catapult Project consists of a new blockchain engine, about which Jeff Mcdonald, the interim CTO of the NEM Foundation has declared, “the tech itself is doing things that no other blockchain has done before.” NEM is currently engaged in building a wallet for the Catapult Project.With the new wallet users will be capable of viewing their XEM and Mosaic balances, adding multisignature contracts, and viewing account metadata. Additionally, with the new wallet users will be able to delegate harvesting contracts and even begin harvesting themselves.NEM’s strategy going forward will be based around their transformational task force which they hope will be able to rework the foundation into a more stable and managerially effective enterprise. Right now the most pressing questions facing the company revolve around its solvency going forward.Bytecoin Releases a New Roadmap After a Latest Amethyst ReleaseAt Bytecoin we have also reassessed our plans for the foreseeable future and released a roadmap we believe will be able to maximize the full power of the Bytecoin platform.We released our roadmap on the heels of the debut of the latest version of the Amethyst software. Amethyst 3.4.1. has improved the functionality of the platform, easing the interaction between software and the memory pool, thereby erasing

11 hours ago

@MehranMehran15 Of course! Now, we are working on new partne...

@MehranMehran15 Of course! Now, we are working on new partnerships to make Bytecoin available on more crypto exchan… https://t.co/XZHLogDfTV

18 hours ago

The Bytecoin Team has taken a look back at the software evol...

The Bytecoin Team has taken a look back at the software evolution in the bcndev repository. Read more in the offici… https://t.co/aLNwrj4A56

3 days ago

Bytecoin Releases Its Brand New Roadmap After a Flurry of Developments

After its latest platform software update dubbed Amethyst Version 3.4.1, Bytecoin has released its brand-new roadmap, detailing its trajectory of releases and expected platform growth in the near future. The newly updated roadmap shows users where Bytecoin, one of the oldest cryptos in the market, is headed.

9 days ago

@dboerh4n Hi, @dboerh4n! Amethyst addresses are not yet work...

@dboerh4n Hi, @dboerh4n! Amethyst addresses are not yet working in Bytecoin - hardfork has to happen for it to work… https://t.co/0jwZ72cu5y

10 days ago

Bytecoin to Undergo Lots of Revolutionary Upgrades, Shares New BCN Roadmap Highlights

Bytecoin to Undergo Lots of Revolutionary Upgrades, Shares New BCN Roadmap Highlights A lot could be happening to Bytecoin, one of the real OGs in the cryptocurrency market. BCN, a controversial coin which prides itself as the chief privacy and anonymous transactions-oriented asset, is set to undergo massive upgrades. What is Bytecoin? Bytecoin isn’t exactly

11 days ago

New Bytecoin Roadmap Released on the Heels of a Flurry of Developments

Bytecoin has released a new roadmap detailing the trajectory of releases and platform growth anticipated in the near future. The updated roadmap, coming just after the introduction of the newest platform software update, Amethyst Version 3.4.1, provides a look forward to where one of the oldest cryptocurrencies on the market is headed. Amethyst Version 3.4.1 The roadmap kicks off with the release of Amethyst Version 3.4.1, which features a number of important alterations. At the forefront, interaction between platform software and the memory pool will be improved, eliminating lag times, and the computational load for Bytecoin miners will be decreased, resulting in more transactions capable of being mined. Hardware Wallet Support Requests for Trezor and Ledger April 4th is a key date on the roadmap as it is when official pull requests will be made to the Ledger and Trezor software repositories. Pull requests are appeals to amend or improve pre-existing code. Bytecoin developers have been working on an amendment that would introduce Bytecoin support to the Trezor and Ledger hardware wallets. Approvals on behalf of Ledger and Trezor would open the doors for official hardware wallet support for the Bytecoin community. Mainnet Hard Fork Following the release of Amethyst and the application for hardware wallet support, Bytecoin’s mainnet hard fork is tentatively scheduled to occur. This is a non-contentious hard fork, meaning that it has been pre-planned and will operate as a means of refining the Bytecoin platform rather than dividing it. The blockchain switch height will be scheduled, triggering the hard fork, once 90 percent of the blocks in a 720-block frame are submitted via the new version of Amethyst software. On the Horizon Moving further along the roadmap, the summer will be punctuated by an update to the Bytecoin desktop app, with a new look and increased functionality, and the projected debut of the Bytecoin Gateway Project. The gateway project is a potential means of expanding the community that has been steadily taking shape over a long period of time. Later in the year, the team is planning on releasing Bytecoin 3.6.0, which will introduce messaging functionality to the platform, and further along in the year will come Hidden Amounts, a means of hiding the amount of funds used in transactions. Bytecoin CMO Jenny Goldberg had this to add on the unveiling of the new roadmap: “We are pleased to share what we are working on with the community and the industry at large. We think that the events outlined in the roadmap are developments that will result in positive growth for our platform. As always, we are striving to provide our community with a dynamic and necessary product. To do this it is of utmost importance to continuously evolve, but to do so without abandoning the principles that have been our cynosure from the beginning. This is reflected in the roadmap.” About Bytecoin Bytecoin was originally launched in 2012 as the first privacy-oriented cryptocurrency based on CryptoNote technology. With a market cap of over $100 million, Bytecoin remains one of the most significant cryptocurrencies on the market.

13 days ago

Get familiar with the new Bytecoin Roadmap for Q1-Q4 2019. F...

Get familiar with the new Bytecoin Roadmap for Q1-Q4 2019. Find more info in the blog: https://t.co/aB2d3lIhTN… https://t.co/xCoWnZN2HL

14 days ago

Ethereum, Tron and Bytecoin hard forks featured in the newes...

Ethereum, Tron and Bytecoin hard forks featured in the newest edition of Max's weekly news overview for… https://t.co/fSqDslaz0r

15 days ago

Max’s Corner 5: Hard Fork Special

CoinSpeaker Max’s Corner 5: Hard Fork Special Here we will give you an in-depth look at the Constantinople / St. Petersburg hard fork and what caused it, Tron’s Odyssey 3.5 fork, and fill you in on what you can expect from Bytecoin’s own upcoming hard fork. Constantinople and St. Petersburg Hard Forks Take Place Without a Hitch The story that has garnered the most headlines this past week is that Ethereum has finally completed its Constantinople Hard Fork, which was originally scheduled to take place in November of last year. The hard fork was delayed twice. The first delay that pushed it from November all the way into this year was due to network bugs and the second, which moved it from January to March of this year, occurred after ChainSecurity, a security audit company, discovered that code featured in the upgrade was not secure. Had the fork gone through in January, it would have been possible for hackers to exploit vulnerabilities in the code to get ahold of user funds. To understand why the hard fork was originally necessary, you have to look at the way Ethereum developers structured its path of growth. Ethereum scheduled the Constantinople hard fork long ago as part of its trajectory of development. The Ethereum roadmap originally featured four stages of development: Frontier Stage - this was the original state of Ethereum when it was first released. Homestead Stage - Ethereum subsequently moved into Homestead with upgrades across the platform that increased stability and laid a foundation that would enable future expansion. Metropolis Stage - Ethereum is currently in its Metropolis Stage. By gradually improving the scalability and speed of the platform, this stage is supposed to pave the way for the metamorphosis of Ethereum from a Proof-of-Work (PoW) platform to a Proof-of-Stake (PoS) platform. Additionally, the Metropolis Stage has been subdivided into three different levels: Byzantium, Constantinople, and Istanbul. Because of the above mentioned problems, St. Petersburg was added as an amendment to the Constantinople level. Serenity Stage - this is the final stage of Ethereum in which all of its potential as a platform will supposedly be made manifest. Despite the setbacks, the hard fork (and its Petersburg supplement) was scheduled well in advance and was not contested. This differentiates this kind of hard fork from others that have caused significant changes to occur. All of the hard forks we will look at in this digest were or are non-contested, a status that Vitalik Buterin, founder of Ethereum, believes makes them more akin to upgrades than actual hard forks. Still, mistakes can happen and no hard fork or even upgrade is ever a sure thing. However, after all the wait, Constantinople and Petersburg happened without a hitch. The changes consist in five updates that will improve the scalability of the platform while reducing costs. As one of the two main coins that have attracted the most outside attention, what happens with Ethereum ripples across the industry. The delays caused by faulty code and system bugs were not ideal and contributed to what has not been a great year for Ethereum as well as for most other coins. But delays are infinitely better than hacks. We have used this column in the past to look at the security problems that have been plaguing crypto, and we think it is something that we are all obliged to assess if we want to see the full potential of this technology get realized. Tron Launches Hard Fork on Same Date as Ethereum Tron is one of the biggest rivals Ethereum has as a platform designed to host DApps. So, perhaps in order to make a statement, Tron launched their hard fork on the same day that Ethereum launched theirs, following all the delays. The Tron hard fork was called the Odyssey 3.5 upgrade. The most significant changes brought about by the upgrade consist of multi-signature features, new account management options, and performance improvements. Now, according to the release, every transaction that happens on the network will require approval from a permission account. Permission for approvals is granted via signatures; once the threshold for permission is met or surpassed by the weight of all signed accounts, a transaction will be approved. Additionally, the energy ceiling will now be adjusted automatically in accordance with current network conditions and used to create an event listener capable of listening to events in a queue. The main goals of this update were to increase the performance of the platform 50% from its current state and to provide better virtual machine safety for the DApps it hosts. While this hard fork does not seem to have been in the works for as long as Ethereum’s, Justin Sun, the founder of Tron, revealed on Twitter that the hard fork became necessary due to long-standing requests from the Tron community. He also tweeted that he has had numerous “demands from hedge funds, mainstream investors and financial institution [sic]” for the ch

15 days ago

Please welcome ...

Please welcome https://t.co/mGDQSZ4qTL, our new exclusive media partner and special representative of Bytecoin in B… https://t.co/oMLfiG6Ja8

19 days ago

Bytecoin Provides Support for Hardware Wallets

Bytecoin has begun the process of integrating full-scale support for hardware wallets, including products manufactured by Ledger and Trezor. Adding support for hardware wallets is part of Bytecoin’s plan for securing the safety of its community and countering the multitude of threats that exist in the crypto space. Bytecoin developers modified the existing wallet structure to the standard used by hierarchical deterministic wallets and the integration of hardware wallets to the Bytecoin ecosystem will ensure community members have additional protection. Bytecoin CMO Jenny Goldberg said, “Hardware wallet support is something we have worked hard on, and we hope the community is pleased with what we have accomplished so far.” (RS)

a month ago

Bytecoin Ups The Ante On Security With Early Support For Hardware Wallets

Bytecoin has started the process of enabling full-scale support for hardware wallets, releasing early software that facilitates storage on Ledger and Trezor. Support for hardware wallets is part of Bytecoin’s plan for maintaining the security of its community and dealing with emerging threats to the crypto space. For a long time the Bytecoin team has been working behind the scenes to deliver hardware wallet support to its community. Hardware wallets help to prevent the theft of funds and remedy the vulnerabilities precipitated by lackluster storage options. These wallets are means of storing funds in cold storage, completely disconnected from all networks. This is the preferred storage method for a number of investors, traders, and exchanges as they proffer the closest thing tocomplete security assurance you can come by in crypto. In order to bring this about, first the Bytecoin developers had to adapt the existing wallet structure to the standard used for hierarchical deterministic wallets, and then reserve a position in the hierarchy to allow for cold storage of Bytecoin funds. The incorporation of hardware wallets into the Bytecoin ecosystem will help members of the community safeguard themselves from the long reach of cyber criminals. Jenny Goldberg, Bytecoin’s CMO, had this to add: “Hardware wallet support is something we have worked hard on, and we hope the community is pleased with what we have accomplished so far. Security is only getting more important as the industry continues to develop and we hope that our progress here will serve as a stepping stone towards further bolstering the safety of the Bytecoin community.” With upwards of a billion dollars worth of crypto finding its way into the hands of hackers and thieves last year, security methods used across the industry have fallen under scrutiny. In order to gain access to others’ funds, hackers look to find and expose weak points in protection, and often find these weak points in crypto wallets. The typical crypto wallet is a file containing a user’s keys, including their private key - a strand of data used to spend the user’s money. All wallets are password protected and secure on their own, but via human error — weak or misplaced passwords, lack of virus protection, etc. — are often left vulnerable to bad actors. Bytecoin’s new software, aimed at preventing security breaches, is up for download on the site, but it is only the first step in what will be a longer process. As of now support for hardware wallets is only available in Stagenet. After a period of refinement, the Bytecoin team is looking to further this development into a stable release featuring more expansive support. About Bytecoin Bytecoin was originally launched in 2012 as the first privacy-oriented cryptocurrency based on CryptoNote technology. With a market cap of over $100 million, Bytecoin remains one of the most significant cryptocurrencies on the market.

a month ago

Binance To Delist 5 Cryptocurrencies: CLOAK, MOD, SALT, SUB and WINGS

Binance has announced that it will be delisting five digital assets in the next few days. All trading activities of the coins will cease on the 22nd of this month at 10 am (UTC). The five affected coins are as follows. CloakCoin (CLOAK) Modum (MOD) SALT (SALT) Substratum (SUB) Wings (WINGS) Reasons For Delisting Binance constantly reviews each digital asset on its exchange. Those that do not meet a set list of criteria are delisted . Crypto traders on the platform are given adequate notice to adjust to the changes. The team at Binance decides to delist a digital asset when the following is not met. Commitment of the team to project Level and quality of development activity Network / smart contract stability Level of public communication Responsiveness to our periodic due diligence requests Evidence of unethical / fraudulent conduct Contribution to a healthy and sustainable crypto ecosystem Withdrawals to Continue till 22nd May, 2019 All orders associated with the 5 cryptocurrencies will be automatically removed on the 22nd of February at 10 am (UTC). Traders who hold the five affected coins have until the 22nd of May to withdraw their digital assets out of Binance. Most Recent Delistings by Binance The five aforementioned coins are the first batch delisted by Binance this year. Last October, Binance delisted Bytecoin (BCN), CHAT, Iconomi (ICN) and TRIG due to similar reasons. Delistings Not Limited to Binance The third and fourth quarters of 2018 found many exchanges delisting several coins due to a variety of reasons such as low liquidity and lack of development progress from the teams responsible. In December, Huobi had placed 32 digital assets on probation due to insufficient trade volume. KuCoin also delisted 10 digital assets lin the same month due to reasons similar to those outlined by Binance. What are your thoughts on Binance delisting the 5 digital assets of CLOAK, MOD, SALT, SUB and WINGS? Please let us know in the comment section below. [Image courtesy of Unsplash.com] Disclaimer: This article is not meant to give financial advice. Any additional opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you. The post Binance To Delist 5 Cryptocurrencies: CLOAK, MOD, SALT, SUB and WINGS appeared first on Ethereum World News.

a month ago

Bytecoin hardware wallets early support release is live. Tak...

Bytecoin hardware wallets early support release is live. Take a deeper look at the alpha release in the new article… https://t.co/spqx9Ez7KP

a month ago

@dmyazilim Thanks for your suggestion but the price is not a...

@dmyazilim Thanks for your suggestion but the price is not affected by The Bytecoin team, as we don't have any infl… https://t.co/LuzvCjjL4q

a month ago

Crypto Market Wrap: Dash Moving Up as Markets Stabilize

Market Wrap Crypto markets have stabilized and there is little action; Binance Coin and Dash are still heading up, Bytecoin is dumping. The big crypto market pump on Friday and Saturday ran out of steam yesterday and things have been pretty static ever since. Total market capitalization has stabilized at this new level above $120...

a month ago

Bytecoin Amethyst Stable release is live. Check out the exte...

Bytecoin Amethyst Stable release is live. Check out the extended technical description of the release:… https://t.co/lnGWTxuYek

a month ago

A Look at Some of the Biggest Stories Happening in the Crypto World

CoinSpeaker A Look at Some of the Biggest Stories Happening in the Crypto World In this guest post, Max Hasselhoff, integration engineer from Bytecoin and long-standing crypto enthusiast, takes a look at some of the biggest stories happening in the sphere of crypto technology integration. A Look at Some of the Biggest Stories Happening in the Crypto World

2 months ago

The Bytecoin Team has updated ...

The Bytecoin Team has updated https://t.co/uCWmIRIC0o with Developer Portal. This dedicated page will be filled up… https://t.co/U6e6EPzfnH

2 months ago

@FilipeP17066399 @Sanane33144779 Hi! Our team is working on...

@FilipeP17066399 @Sanane33144779 Hi! Our team is working on new partnerships and making Bytecoin available on cryp… https://t.co/FWu3Q6GSMv

2 months ago

@PedroJa67081454 We are working hard to develop the Bytecoin...

@PedroJa67081454 We are working hard to develop the Bytecoin and we hope that it will grow as a powerful ecosystem.… https://t.co/1C8lMD4AQI

2 months ago

We are pleased to announce that Bytecoin has formed an offic...

We are pleased to announce that Bytecoin has formed an official media partnership with https://t.co/UJpCKM6uK3, a m… https://t.co/c2c45MeJgK

2 months ago

28th of January is the International Data Protection Day, es...

28th of January is the International Data Protection Day, established in 2006. The Bytecoin Team reminds users abou… https://t.co/pP2Bf1eZZ1

2 months ago

The Bytecoin Team announces Blockchain Gateways, a new techn...

The Bytecoin Team announces Blockchain Gateways, a new technology based on the Auditable Wallets solution that buil… https://t.co/IBPLCpcmHk

2 months ago

1xBit: №1 Top in the Cryptocurrency Gambling

In less than 2 years 1xBit has become the most popular sports betting and casino platform in the cryptocurrency world. What is the secret of their success? The answer is simple. Their aim is to provide the easiest, fastest and most comfortable ways for their customers to play. What’s 1xBit? There are 2 main parts of the site - The Sportsbook and The Casino. Sports fans will find a wide variety of activities to place bets on. A full list of activities you can bet upon on 1xBit include: Football, Ice hockey, Basketball, Tennis, Volleyball, Table tennis, American football, Athletics, Golf, Bicycle racing, Boxing, Cricket, Baseball, Curling, Darts, eSports, Formula 1, Handball, Martial Arts, Netball, Rugby, Snooker, Sumo, Lottery, TV Games and even Cockfights. For example, the user can easily bet on his national team by choosing “Bet on your National Team”. As for Casino fans, the games on 1xBit come from the largest and most trusted online casino game providers such as Betsoft Gaming, Booming Games, Endorphina, Mr Slotty, BetGamesTV, LuckyStreak, Playson and many others. New casino promotions appear on the site every month. Also, there are numerous bonuses and ongoing promotions for registered users such as 100% Bonus on the first deposit, Unlimited Cash back Bonus, VIP Cashback, Advancebet and many others. Why 1xBit? 1xBit is super easy to use, with a very user-friendly interface, especially in terms of navigation. All options are sorted and there is also a conveniently located search box. The registration process is very quick. The user only needs to click the button that says “Registration”. and their One-Click method automatically sets a login and password and then gives you the opportunity to send those account details to your email. It’s not necessary but it’s convenient that way you won’t forget or lose them. The site has also been translated and perfectly localized for 56 different languages including but not limited to English, French, German, Spanish, Swedish, Russian, Turkish, Arabic, Chinese, Japanese, Dutch, and Portuguese. Deposits and withdrawals As mentioned above 1xBit is a cryptocurrency platform. This means that the site accepts only 21 cryptocurrencies which are Bitcoin, Litecoin, Dogecoin, Dash, Ethereum, Monero, ZCash, GameCredits, NEM, Bytecoin, Sibcoin, DigiByte, Bitcoin gold, Bitcoin Cash, Ethereum Classic, BitShares, Verge, QTUM, STRATIS, Ripple and TRON. In a few words, there are lower costs and no problem with client verification. Deposits and withdrawals are super fast — 1xBit does not need to delay payments to check the details, and the main cryptocurrency works quite fast at the moment. Support 1xBit provides 24/7 live-chat and e-mail support for most of the languages. The only problem is that there is no phone support which could have made them even better. They do have all of the major social media accounts: Facebook, Twitter, Instagram, YouTube, Telegram. The post 1xBit: №1 Top in the Cryptocurrency Gambling appeared first on ZyCrypto.

2 months ago

Monero Digital Asset Report: XMR Token Review and Investment Grade

Monero Digital Asset Report: Introduction Monero is a decentralized open-source cryptocurrency that focuses primarily on privacy and fungibility. The project aims to become electronic cash for a connected world. A key feature for Monero is enforced privacy by default, which makes it one of the best privacy coins available on the current market. Monero has strong community support and is popular among users who don’t want to share their transactions data with the entire world. However, privacy in the architecture of Monero blockchain comes with several drawbacks. Large transaction sizes and non prunable blockchain make the project less scalable, which is holding the currency back from widespread adoption. In addition to that, we see new competition arriving in the market with the improvements of Bitcoin privacy features, through the lightning network, and the development of Mimblewimble coins, which will be as private as Monero but much more scalable. With that said, Monero needs to focus on improving scalability; otherwise, it will lose market share to either new coins with better solutions or to old ones (like to a Bitcoin) which have a higher network effect. This report is the Initiation Report - our first deep dive into the performance and risk/reward factors. The analysis, verdict and accompanying grade reflect our opinion on the long-term value prospects of a given token based on the current state of project development and indicators of future commercial viability - they are not designed to be indicative of short-term trading opportunities. You can see a full explanation of how our reports are constructed and what they mean at the bottom of this page.’s Part One: The Business Case Monero Market Opportunities Monero wants to become a digital substitute for paper money. Paper money is hard to track and transactions with it can be entirely private. Based on this fact, Monero is targeting the entire market of global cash, which accounts for about $36.8 trillion of physical money (banknotes, coins, and money deposits in savings or checking accounts); this number can increase up to $90.4 trillion if we look at «broad money», which includes any money held in easily accessible accounts. During the recent economic crisis, the Shadow Economy expanded. The underground economy or the black market is the second largest economy in the world. As predicted by OECD, by 2020 shadow economy will employ two-thirds of the world workers. Black markets use mostly cash and try to never keep official records. Cryptocurrencies facilitate a transformation of the black markets; this will further support wider adoption of the private cryptocurrencies. However, privacy is not just for criminals. Privacy is one of the crucial aspects of any project that is aiming to become a mean of payments, a currency of the world. If your transactions are not private they may reveal sensitive business relationship; leak salaries, profit margins, and revenues; they may even enable targeted crime against wealthy people. Non private blockchains are not suitable for some common real-world business transactions, and private coins like Monero present a strong value proposition when it comes to market adoption and strong use cases. However, Monero is not the only project that recognizes the importance of privacy. Below is a table representing some of its key competitors. Competition in the Blockchain Space In general, Bitcoin is not considered a privacy coin. However, if you use coin-mixing protocols that are available on the market, it will be increasingly difficult to trace your bitcoins. Also with the development of lightning network channels Bitcoin fungibility is improving. The assortment of privacy features would make Bitcoin a serious threat to Monero if it was ever able to solve its scalability issues. Zcash, on the other hand, gives users two types of addresses: regular and shielded, which may sometimes result in information leaks about shielded transactions. In general, if privacy is not required most of the users will not use it, which will make shielded transaction suspect on their own. Dash also provides privacy features as an option. However, with the structure of Dash ecosystem, users should trust masternodes which are not always secure. It is unknown how many people control masternodes, and they appear centralized. Virtual private servers that they run from could potentially be compromised. The chart below shows the number of transactions of Monero and its competitors. On average all cryptocurrencies experienced a decline in the transaction number since Jan 2018. However, currently, what differentiates Monero from its closest competitor Zcash, is the higher number of transactions per day. This was not the case at the beginning of the year. The Number of Transactions Comparison The biggest threat to Monero might be connected with its scalability issues. As mentioned above, Bitcoin with its extensive network effect

2 months ago

The Bytecoin Team encourages enthusiasts to contribute to By...

The Bytecoin Team encourages enthusiasts to contribute to Bytecoin's open-source GitHub repository and submit their… https://t.co/pDob1x69a9

2 months ago

We remind our Android users that they can now download Bytec...

We remind our Android users that they can now download Bytecoin Wallet app from Google Play:… https://t.co/RlBWauKPAG

2 months ago

In the past year the open-source bytecoin daemons repository...

In the past year the open-source bytecoin daemons repository has seen 21 releases, bytecoin-gui - 22. We appreciate… https://t.co/HmwNhW94ke

3 months ago

What Is Electroneum? Introduction to ETN Token

What Is Electroneum? Electroneum is a blockchain-based payment platform designed specifically for use on mobile devices like smartphones. It’s claimed to be the first Know-Your-Customer (KYC) and Anti-Money-Laundering (AML) compliant cryptocurrency. ETN, Electroneum’s native crypto, is virtually mined using mobile devices. The cryptocurrency has a massively loyal and committed following - its marketing strategy has tended toward virality, which has gained it over 2.7 million registered users (January 2019). As well as an impressive 129k Twitter followers, the project has attracted 143k Facebook users - interesting because FB is not a platform not known for crypto projects. Many don’t even have a Facebook page. This could illustrate that there is a strong following beyond crypto devotees - which would, of course, be exactly what the team would want to see. Of course, 2.7 million registered users does not measure active use, just as Bitcoin’s 22 million wallets doesn’t suggest that 22 million people are using Bitcoin today. But it’s a remarkably strong performance - and proves the power of integrating with major players like Google’s Play Store. The core development team of 12 is headed by SiteWizard co-founder Richard Ells. Its initial goal during its 2017 inception was to replace in-game currencies for mobile games. Gambling platforms were a natural evolution, as were mobile payments. Based in the U.K., the project is also still focused on emerging economies with large unbanked and underbanked populations. It was initially a soft fork of the Monero code but hard forked on May 30, 2018 at block 307500 to its own code. Part of the reason was to streamline code, and the other was to welcome ASIC rigs to the network, as Monero forked to resist GPU-based ASIC mining. Now the project is focused on mobile payments and has partnerships including telecommunications payment behemoth XIUS, e-commerce company BMedia, and more. But that doesn’t mean it isn’t still true to its gaming roots - its partnership with Mobile Streams PLC’s gaming platform exposes it to the service’s 750,000-strong subscriber base in Latin America. Is Electroneum the next big chain on the block, or is it all just a great white hype? We’ll start our research by examining the market performance of ETN, Electroneum’s proprietary cryptocurrency token. ETN Cryptocurrency Summary The peak price of ETN so far was $0.185470 on January 6, 2018. As of January 2nd, 2019, the circulating supply is 8,660,074,174, out of a total supply of 21,000,000,000 ETN. The team chose 21 billion over Bitcoin’s 21 million cap to encourage user adoption and satisfaction of earning a full coin instead of a minute fraction of one. The Electroneum ICO crowdsale occurred from September 14 through October 23, 2017. Twenty-nine percent of the total supply was made available to the public during the ICO, raising $40 million worth of ETH. [{"date":1514999055000,"value":0.0891296,"volume":6323970},{"date":1515085457000,"value":0.0828712,"volume":7804990},{"date":1515171856000,"value":0.114219,"volume":14173100},{"date":1515258256000,"value":0.218755,"volume":50984700},{"date":1515344656000,"value":0.174513,"volume":30050600},{"date":1515431056000,"value":0.158732,"volume":14915000},{"date":1515517457000,"value":0.168621,"volume":10399700},{"date":1515603856000,"value":0.158775,"volume":8450510},{"date":1515690256000,"value":0.152799,"volume":7719450},{"date":1515776656000,"value":0.149177,"volume":6340560},{"date":1515863056000,"value":0.179587,"volume":15773400},{"date":1515949456000,"value":0.160841,"volume":7974030},{"date":1516035856000,"value":0.161677,"volume":6816240},{"date":1516122261000,"value":0.125843,"volume":8670150},{"date":1516208661000,"value":0.0932108,"volume":7685810},{"date":1516295061000,"value":0.125274,"volume":7136780},{"date":1516381461000,"value":0.120053,"volume":4580090},{"date":1516467863000,"value":0.152585,"volume":14954300},{"date":1516554262000,"value":0.127335,"volume":6070170},{"date":1516640662000,"value":0.119012,"volume":4916250},{"date":1516727062000,"value":0.129039,"volume":4885680},{"date":1516813463000,"value":0.122591,"volume":3768580},{"date":1516899862000,"value":0.120301,"volume":3823250},{"date":1516986262000,"value":0.115058,"volume":4287090},{"date":1517072662000,"value":0.112921,"volume":3777030},{"date":1517159062000,"value":0.104875,"volume":3827660},{"date":1517245462000,"value":0.0964721,"volume":7026650},{"date":1517331863000,"value":0.0816634,"volume":3902110},{"date":1517418262000,"value":0.0797021,"volume":3763750},{"date":1517504663000,"value":0.0615434,"volume":3171850},{"date":1517591063000,"value":0.0764358,"volume":7705450},{"date":1517677463000,"value":0.0743658,"volume":4554000},{"date":1517763863000,"value":0.0640516,"volume":2495870},{"date":1517850263000,"value":0.0514354,"volume":2923990},{"date":1517938463000,"value":0.0497075,"volume":4955980},{"date":1518024863000,"value":0.0725776,"volume":663590

3 months ago

The Bytecoin Team congratulates the users with the New Year!...

The Bytecoin Team congratulates the users with the New Year! Everyone is welcome to try themselves at educational q… https://t.co/sMAjMGNjCb

3 months ago

Notice Regarding the Closure of Bytecoin (BCN) Withdrawals a...

Notice Regarding the Closure of Bytecoin (BCN) Withdrawals and Buyback of Remaining $BCN on Binance… https://t.co/FCh1HaisPc

3 months ago

The Mobile Trend: Bytecoin Presents The Android Wallet

CoinSpeaker The Mobile Trend: Bytecoin Presents The Android Wallet Along with the mobile wallet, the Web wallet, Bytecoin Money, has also undergone significant improvements. The Bytecoin mobile wallet was released as an alternative to the desktop wallet, in order to ease access for those users who want to keep BCN closeby, as it doesn’t require synchronization to the blockchain. Additionally, the BCN mobile wallet for Android has significant differences with the desktop wallet, as two different approaches were taken to adhere to the different interests of each respective group of users. Some features that the Bytecoin wallet includes are managing up to 10 addresses per account, exchanging BTC to BCN and ETH to BCN, multi-language support which includes English, Chinese, Japanese, Korean and Turkish, as well as a 2FA option to keep accounts secured. The Bytecoin Web wallet, Bytecoin Money, has also undergone several enhancements, including a new design, code improvements, and multi-language support, in order to follow the localization trend. The team anticipates positive feedback on multi-language translation, as it simplifies usage for those whose first language is not English. While the Android application could earlier be found on the Bytecoin website, the official release of the app to Play Store lends validity to the project, as now all users of the most popular mobile OS are able to take advantage of a lightweight wallet directly from the official application store. The Bytecoin project continues to follow their roadmap, which was released on November 15, according to which there are more technical updates are coming, including HD wallet and auditable wallet releases, early support for hardware wallets, and the planned consensus update. The Mobile Trend: Bytecoin Presents The Android Wallet

3 months ago

The new Bytecoin mobile wallet for Android has been released...

The new Bytecoin mobile wallet for Android has been released on Google Play. Check it out here:… https://t.co/OoRTtczFvv

3 months ago

Bytecoin Developers Announce the Launch of an "Auditable" Version

Bytecoin developers have announced the launch of "auditable" wallets and HD wallets. Bytecoin's Amethyst beta release has come with these Auditable wallets which are currently available for early testing. Auditable wallets will enable Stagenet users to send their crypto assets to publicly observable wallets, therefore, ensuring transparency. Bytecoin’s integration engineer Max Hasselhoff believes these "auditable" wallets will bolster the mainstream adoption of their Bytecoin. HD wallets, on the other hand, are focused on improving user experience and simplifying the integration with hardware wallets. The digital wallet will support HD wallets as from February 2019. (KE)

3 months ago

@CO1083 Hello! The Bytecoin team stands for development, and...

@CO1083 Hello! The Bytecoin team stands for development, and technology is the most crucial part for us. The team d… https://t.co/zOiaSTetsF

3 months ago

@Vijendra22singh Hi! The Bytecoin team stands for developmen...

@Vijendra22singh Hi! The Bytecoin team stands for development, and technology is the most crucial part for us. The… https://t.co/oCSYdVtUup

3 months ago

The Bytecoin Team has released the Amethyst Beta, introducin...

The Bytecoin Team has released the Amethyst Beta, introducing Auditable coins in the Stagenet. Read more about the… https://t.co/ur9yKVS8eB

3 months ago

Zcash Is All Ears Over Coinbase Privacy Concerns

Cryptographic technology has advanced in 2018, bringing the crypto community closer to “privacy for everyone,” according to a recent presentation by Zcash founder Zooko Wilcox. Considering that the Zcash cryptographers “pioneered the use of zero-knowledge proofs,” with Zcash representing the first application for the technology two years ago, it’s fitting that ZEC has become synonymous with privacy. But now that Zcash has scored a listing on KYC-compliant U.S. exchange Coinbase, you may be wondering if your transactions are truly anonymous, unlike the Bitcoin protocol from which ZEC got its start. The notion that there was a tradeoff isn’t too far-fetched. Dovey Wan, who is the founding partner of crypto investment fund Primitive Ventures, said in a tweet she has asked the Zcash founder numerous times, “why not remain anonymous since inception?” and “why seek [an] enormous amount of compliance for a privacy coin?” The answer became apparent when Coinbase decided to list ZEC, which will help the currency achieve mainstream status. And perhaps the crypto community has had a shortsighted view of privacy all along. As Wilcox tweeted: Privacy isn’t about isolation — it’s about community. But with consent. You get to choose who’s watching when you let down your hair. You get to choose who’s around the table when you tell your story. Privacy is about consent. Privacy and Crypto Go Together Like Chocolate and Peanut Butter Zcash gets its privacy from the zk-SNARK technology. To appreciate how important privacy has been not only to the Zcash community but crypto in general, it helps to go back as early as 2013 when privacy was among the chief motivations for Bitcoin developers. Privacy was the defining feature in projects like Zerocoin, but the technology was too cumbersome to make its way into a vital Bitcoin upgrade. Meanwhile, at the 2013 San Jose Bitcoin conference, the scientists behind the SNARK tech met the scientists behind Zerocoin, leading to a collaboration that Zooko compared to when “chocolate goes well with your peanut butter.” The new pairing “solved the problem of transaction times,” Zooko explained in a recent podcast. Pulling a Rabbit Out of Your Hat zk-SNARKs are part of the knitting of the Zcash project, but even Wilcox once revealed that he wasn’t in the loop about zero-knowledge proofs and instead left that to his team of cryptographers. Since that time, Zcash has upgraded its mainnet to version 2.0, slashing the transaction times for zero knowledge proofs from 37 seconds to 2.3 seconds. Wilcox, the student, has become the master. zk-SNARK stands for “Zero-Knowledge Succinct Non-Interactive Argument of Knowledge,” according to the Zcash website. It’s a proving system that adds an extra layer of privacy to the process that typically surrounds a BTC or ETH transaction, a layer of confidentiality that Wilcox suggests Satoshi might have included if SNARKs had been invented in 2008. While complex, the formula has a bit of magic to it that resembles pulling a rabbit out of a hat. The magician proves that there is no back door to the hat and then pulls a rabbit out of nowhere. You know there is a magician and a hat; even though you don’t know exactly where the rabbit came from, you can see with your own eyes that it is real. In a non-zero-knowledge-proof transaction, the BTC or ETH miner has access to the sender’s transaction history to prove that the funds are not being double-spent. But with a zero knowledge proof, the transaction is encrypted. A user presents the transaction in which they are looking to transfer some amount, but they don’t say how much. Consider the amount hidden inside a private envelope. The envelope transfers to the miner but it doesn’t say anything about the sender or the receiver. The content is hidden, but is accompanied by what Wilcox refers to as a “magic stamp,” which is the zero-knowledge proof. The miner then tests the magic stamp, which convinces them that the zero-knowledge proof is valid. If it weren’t, the sender would not have been able to produce this magic stamp. And in the end, the miner learns the meaning of “zero” behind zero-knowledge proof as they learn only the necessary information and nothing more to prove that the amount being transferred is in fact valid. Zcash and Monero Not surprisingly, Zcash and Monero, both of which are touted as privacy coins, have some key features in common. For instance, ZEC and XMR are both open source. Both coins are forks of other cryptocurrencies — Bitcoin and Bytecoin for ZEC and XMR, respectively. And both coins use mining-fueled proof-of-work algorithms for network validation — Equihash for Zcash and CryptoNight for Monero. And while the Zcash motto is “all coins are created equal,” perhaps that’s less so for privacy coins. The thing to remember about Monero is its popularity on the dark web where nefarious activities ranging from drug dealing to crypto-jacking hide. As Monero developer Riccardo Spagni once said

4 months ago

@blogtienao2019 Hello! While we are happy to see new integra...

@blogtienao2019 Hello! While we are happy to see new integrators and supporters of Bytecoin, we are not associated… https://t.co/vj4CePPmfI

4 months ago

@csmweb_org Hello. While we are happy to see new integrators...

@csmweb_org Hello. While we are happy to see new integrators and supporters of Bytecoin, we are not associated with… https://t.co/jQb95meWmV

4 months ago

@DaveXxXxxxxxxxx Hello there. Bytecoin has successfully exis...

@DaveXxXxxxxxxxx Hello there. Bytecoin has successfully existed and will flourish with or without the support of Bi… https://t.co/8BJ2XH3ccN

4 months ago

@dmyazilim Hey there, thanks for noticing this fact. Unlike ...

@dmyazilim Hey there, thanks for noticing this fact. Unlike XRP, Bytecoin is based on PoW algo, that's why it's nec… https://t.co/PVBIxtEZDh

4 months ago

@sinse420 Hello! The Bytecoin team stands for development, a...

@sinse420 Hello! The Bytecoin team stands for development, and the technology is the most crucial part for us. The… https://t.co/c7D2adibVK

4 months ago

The Bytecoin team has answered the community-selected questi...

The Bytecoin team has answered the community-selected question on the official Reddit. Read about the "Reasons for… https://t.co/taeh3GJmMI

4 months ago

@FerhAtlas Hello. While we regret of the funds you've lost d...

@FerhAtlas Hello. While we regret of the funds you've lost during the market fluctuations, the Bytecoin team has no… https://t.co/dcKaZtnkAj

4 months ago

Privacy-Oriented Bytecoin Releases A New Roadmap

CoinSpeaker Privacy-Oriented Bytecoin Releases A New Roadmap The mysterious Bytecoin team has consistently focused their efforts on the development sector and continue to do so, in order to reinforce the technological foundation and move forward with the cryptographical aspects. Because of this, BCN will soon undergo a series of significant improvements. For the roadmap, The Bytecoin team has set six milestones including a hardfork, a web wallet update, early support of hardware wallets, and two essential releases. The team is planning to implement a HD wallet, unlinkable addresses, and improve P2P protocol and signature scheme. The new Beta builds (v.3.4.0 Amethyst) are scheduled for release on December 12th, and the stable Amethyst version is going live on February 7th, 2019. The mainnet hardfork is scheduled for March 6th, 2019. The alterations planned for Bytecoin’s codebase are poised to change the point of view on the CryptoNote technology completely, as the most provocative update is the introduction of auditable wallets, a feature that doesn’t coincide with the traditional logic of any CryptoNote-based coins. While the development team anticipates a lot of uses for this feature, they haven’t mentioned the utility of this feature. Another innovation that should be interesting for project followers is early support of hardware wallets. The planned software improvements, as mentioned in Bytecoin’s blog, display the logical progression of work the team has shown in the past months, and these improvements probably represent the most diverse and innovation-rich roadmap so far. Privacy-Oriented Bytecoin Releases A New Roadmap

4 months ago

Get familiar with the new Bytecoin Roadmap for Q4 2018 - Q1 ...

Get familiar with the new Bytecoin Roadmap for Q4 2018 - Q1 2019. Find more info in the blog:… https://t.co/a1h3YuQWMp

4 months ago


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