WHAT IS BYTECOIN? (MY FAVORITE AND THE MOST PROFITABLE IN MINING)
Bytecoin is an innovative proposal from a passionate team of developers looking to improve some aspects of bitcoin. Increased speed in confirmations, improved security and, above all, measures to protect privacy, are just some of the features of this interesting cryptodivisa.
Next, we will show Bytecoin explained in a simple way, along with the best methods to get them.
Who are Bytecoin
Bytecoin is a virtual currency that shares many of bitcoin's features. To begin with, it is a cryptomoneda with which you can buy goods and services. Likewise, it is possible to make investments in Bytecoin as if it were a financial asset (such as stocks or commodities).
However, Bytecoin is more advanced than other virtual currencies because it includes a number of unique features such as:
Greater privacy
One of the big flaws of bitcoin is that its block chain is publicly accessible, allowing some sort of tracking transactions. This bitcoin feature, which can hardly be solved, greatly compromises security and financial privacy.
Bytecoin saw this problem, so he introduced security measures to make transactions totally impossible to trace. With this currency you can be sure that you will be the only person who knows your own total balance.
Easy of mining
Bitcoin was designed so that anyone could extract them with a computer with enough power. However, a number of specialized technologies and hardware have emerged to extract cryptodivisa, so that an individual with a desktop computer (even one of the most powerful on the market) simply can not participate in mining.
On the other hand, you can extract Bytecoin with a standard desktop computer. Of course, the better the characteristics of your equipment, the more efficient mining will be. If you already have a PC gamer or graphic design, you can technically extract Bytecoin for free.
Confirmation Speed
In the case of bitcoin, transaction confirmations can take up to 10 minutes. Depending on the number of confirmations you request, the entire process can take up to 1 hour! In short, it is one of the biggest problems of the bitcoin network.
In the case of Bytecoin, confirmations are carried out in just 2 minutes. This makes it a better choice if you want to confirm exchanges faster.
How to Win Bytecoin
We have already seen Bytecoin which is and what it serves, so we will explain how to get Bytecoin.
These are the different methods that exist to acquire this criptodivisa:
Mining, exchange centers
Currently around $ 0.0020
Solid blog. Nice to see I'm not the only one who thinks like this. Buy and hold for the upcoming 3 years and the blockchain market will find it's way. I was researching a way to do better investment analysis on the current cryptos. Do you know this interesting site? https://www.coincheckup.com I'm really enthusiastic about this site, they let you analyze every single coin out there.
Spamming comments is frowned upon by the community.
Continued comment spamming may result in action from the cheetah bot.