Is Bytecoin BCN a good investment?

Bitcoin experienced an exponential Bull Run in December 2017, where the world became absolutely confident that cryptocurrencies have the potential to transform the financial economy of the world. When Bitcoin BTC was initiated in the year 2009 its value was not even 0.01$ but it would be highly unbelievable if one says that the value Bitcoin BTC had reached almost $20,000 in December 2017. This is the peculiarity of the cryptocurrency domain as it is so unpredictably volatile in nature. Regardless of its popularity Bitcoin BTC, after its widespread adoption traders buying more Bitcoins, all over the world, unfortunately, experienced some issues with it scalability where the experts witnessed that security was being compromised. Therefore many other cryptocurrency coins were developed in order to lead the cryptocurrency bandwagon towards a tangible and bright future for cryptocurrency world."Is Bytecoin BCN a good investment?"

What makes Bytecoin BCN so special?

Bytecoin BCN is one such cryptocurrency coin lounched in the year 2012, which can be considered as a replica of Bitcoin but with improvised features. Unlike Bitcoin, Bytecoin BCN is a great investment since it absolutely eliminates the usage of Proof of Work consensus mechanism in order to maintain the good form in the Cryptocurrency the Bytecoin protocol is comprised of interestingly, the Cryptonote algorithm. There is absolutely no need to exclusively buy equipment in order to mine Bytecoin BCN.





Bytecoin’s Cryptonote algorithm

The Bytecoin BCN cryptocurrency Cryptonote algorithm enables its users to undertake transactions with respect to cryptocurrencies privately. Although, Bitcoin BTC is considered to be highly private with cryptographic principles encrypting the whole information, as the distributed ledger is open source in nature the transactions can be traced by the online media experts. The users prefer to go with the Bytecoin BCN cryptocurrency as they form some of the most anonymous Chains of the transaction. With the incorporation of the Cryptonote algorithm within its working paradigm, Bytecoin has become one of the major privacy-focused Cryptocurrency coins. Bytecoin is setting records in the cryptocurrency industry that its counterpart can never imagine of.



Previous surges in the value of Bytecoin BCN

Even the price of Bytecoin experienced a surge during December 2017, along with Bitcoin but later the cryptocurrency coin reached back to its traditional value. The cryptocurrency token had increased in its by almost 375%. Privacy is incorporated within the Blockchain system with the usage of the ring system. Many other cryptocurrency tokens like Monero XMR were forked from Bytecoin itself, but currently, it is witnessed that Monero XMR has more amount of acceptance when compared to Bytecoin. This discrepancy can be related to the FUD in the market about the pre-mining scam within the Bytecoin community as a result of which many investors had withdrawn from Bytecoin.





Bytecoin BCN can be mined through Application Specific Integrated Circuits

One of the precise reasons for the development of the Bitcoin community is its unmined amount of coins which accounts for almost 1 billion out of 185 billion. The adoption of the cryptocurrency token by various exchanges like Binance exchange as well as many other Cryptocurrency coins exchanges would skyrocket its value to the skies. It is estimated that many of the cryptocurrency coins in a market do not support mining activity through the Application Specific Integrated Circuits, but the community members at Bytecoin BCN have taken a unique stance of making Bytecoin mining possible through the ASICs. This is precisely being done in order to assist the development of the cryptocurrency Blockchain platform.'Is Bytecoin BCN a good investment?'





Is Bytecoin BCN a good investment?

The Bytecoin community even offers various kinds of incentives to the bytecoin users and its community members in the form of rewards for utilizing or undertaking specific (especially huge) amount of trades by using Bytecoin BCN. This incentivization of the whole process attracts a number of users throughout the world to come forward and accept the offers. Bytecoin seems to be a good investment on a long-term holding as the team members are highly dedicated towards the development of the Blockchain platform.



