Launched in 2012, Bytecoin is the first cryptocurrency based on CryptoNote technology. Thanks to the cryptographic algorithms utilized, all transactions are completely anonymous and no one can gain insight into your wallet balance. Bytecoin is an open decentralized cryptocurrency that allows anyone to participate in its development.
The two ways of obtaining Bytecoin include direct purchases on exchanges and receiving rewards for taking part in network maintenance. The rise in the price of Bytecoin is a direct result of the emission limit of 184.47 billion Bytecoins. A new batch of around 65,000 Bytecoins is emitted and distributed as a reward to miners every 2 minutes, which allows for zero-fee transactions.
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