Bytecoin Cryptocurrency: What Rate Should We Expect in 2018? 467

Bytecoin purple display

Few people know that one of the representatives of anonymous cryptocurrency is the digital currency Bytecoin. Therefore, let’s review it in more detail.

Contents:
(please click the topic to scroll down to it)

  1. Description: What is Bytecoin
  2. Bytecoin Cryptocurrency Mining
  3. Main Advantages
  4. How to Create a Bytecoin Wallet
  5. Latest Bytecoin News
  6. Rate and Forecasts for 2018
  7. Conclusion

1. Description: What is Bytecoin

Bytecoin (BCN) is one of the first anonymous cryptocurrencies, which was released in 2012 by an unknown IT specialist under the nickname amjuarez. The cryptocurrency provides its users with complete confidentiality, which makes it unique among the prototypes. Another its feature of is high volatility.

2. Bytecoin Cryptocurrency Mining

There is no easier way to get Bytecoin, other than to mine it. You can start mining the cryptocurrency right after creating a digital wallet. If you do not have it yet, then get it as soon as possible. It is impossible to answer the question: “which software to choose for the mining of BCN” unequivocally. Everything depends on the type of operating system, not on the model of the video card.

BCN mining will be carried out more efficiently using the XMRig, as it provides a high performance processor. If you have a GPU device, then do not hesitate to download XMR-Stak-Nvidia and XMR-Stak-AMD.

3. Main Advantages

Bytecoin is not the leader and the most popular among similar cryptocurrencies just by chance. It has a number of significant advantages, some of which are worth highlighting:

  • providing users with a high level of security;
  • protection of personal data;
  • instant international transfers;
  • reliable investment computing power;
  • small PC requirements.

4. How to Create a Bytecoin Wallet

The official digital wallet has been developed by Bytecoin developers to store BCN coins. The software is optimized for desktop, online and mobile version.

The BCN wallet supports the following platforms:

  • Windows;
  • MacOS;
  • Linux;
  • Android.

5. Latest Bytecoin News

Among the latest news about the anonymous cryptocurrency Bytecoin, the most talked about was the one that talked about the growth of the BCN rate by 117% in just one day. Also, the number of visits to some media increased due to the information about the incorrect operation of the BCN mining extension in the Google Chrome browser.

6. Rate and Forecasts for 2018

Not surprisingly, the Bytecoin creators themselves do not aim to take Bitcoin’s leadership, justifying their opinion by the fact that the market should have several strong players in its arsenal, so that users have the right to independently choose cryptocurrency.

Due to the multilanguage support, the developers managed to increase the credibility of their platform, after this Bytecoin became attractive to investors.

We recommend that you follow the Bytecoin online rate in order to have an unambiguous picture of the state of this currency.

The Bytecoin course from June 17, 2014 till June 8, 2018 according to CoinMarketCap

7. Conclusion

Bytecoin cryptocurrency is the first cryptocurrency of anonymous type, however, we should not forget that new stars appear on the cryptocurrency market every day, the idea of which can be exactly the same or even better. There is a possibility that a new similar digital currency can outshine Bytecoin. Therefore, experts do not recommend investing in BCN in the long term.

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