Difference between revisions 867348429 and 868276047 on enwiki

{{Infobox software
| title = BYTECOIN (BCN)
| logo = Bytecoin logo.svg
| author = PACIFIC_SKYLINE, AMJUAREZ and others.
| released = 2014
| programming language = С++
| platform = Windows, Mac, Linux, FreeBSD
| genre = Payment system
| website = [https://bytecoin.org bytecoin.org]
}}
[[File:Forks-tree-fixed.png|thumb|Forks tree for CryptoNote coins. February, 2016]]'''Bytecoin''' ([[ticker symbol]] BCN is the first [[cryptocurrency]] based on the [[CryptoNote]] technology with an [[open source]] code designed for anonymous cash settlement. BCN protects the user's privacy with impassive and anonymous transactions.

This is a completely independent currency, developing separately from [[Bitcoin]] and its [[fork (blockchain)|forks]]. The basis for the creation of Bytecoin was the unique [[CryptoNote]] technology.

== History ==
<nowiki>Bytecoin (BCN) was released to the public on March 2014. Developers of the cryptocurrency had faked its discovery in 2014{{</nowiki>[[Template:Citation needed|Citation needed]]<nowiki>}}, claiming it was up and running from 2012. The dated signatures in the whitepaper were later proven to be fake</nowiki><ref>{{cite web|title=Blowing the lid off the CryptoNote/Bytecoin scam|url=https://cryptoblog.tech/is-bytecoin-a-scam/|website=Bitcoinalk}}</ref><nowiki>. By the time the 'discovery' took place, a little over 80% of Bytecoin's maximum supply had already been mined.  {{</nowiki>[[Template:Citation needed|Citation needed]]<nowiki>}} </nowiki>

Since the launch, several improvements have been made, including multi-valued transactions and several security updates. In 2013, the original implementation of [[CryptoNote]] [[Java (programming language)|Java]] was rewritten using [[C++]]. As of 2015, Bytecoin has been forked more than 25 times. Bytecoin [[blockchain]] contains additional information not directly related to remittances: several blocks include the geographical coordinates of universities, educational institutions among other buildings.

== Features ==
{{Unreferenced section|date=November 2018}}
Bytecoin is an open source software. Crypto  currency uses the principle of Proof-of-work ("Proof of work performance").

The algorithm for mining in Bytecoin differs in that it actively uses the [[AES instruction set|AES command system for x86 microprocessors]] and a large amount of memory, which makes mining on the [[GPU]]<nowiki> less efficient than for Bitcoin.{{</nowiki>[[Template:Citation needed|Citation needed]]<nowiki>}}</nowiki>

It uses the unique [[CryptoNight]] algorithm. The essence of the algorithm is in the ring signature, which provides the maximum program anonymity for todaanonymity. The cryptographic basis for the protocol was created by [[Ron Rivest]], [[Adi Shamir]] and [[Yael Taumann]] in 2001, and finalized by E. Fujisaki and K. Suzuki in 2007. The EdDSA scheme proposed by the American mathematician [[Daniel Bernstein]] is used as the signature algorithm. Additional transaction [[obfuscation]] was added to this basis.
[[File:CryptoNote_blockchain_analysis_ambiguity.gif|thumb|Transactional obfuscation in the CryptoNote protocol]]
Due to [[CryptoNote]] and the [[obfuscation]] added to the protocol, passive mixing is provided: all transactions in the system are anonymous, and all participants in the system can use [[Plausible deniability|plausible deniability]] in the event of a capture.

== Notes ==
{{Reflist}}

== References ==
* [https://bytecoin.org/ Official site]

* [https://github.com/amjuarez/bytecoin The source code for Bytecoin]&nbsp;on&nbsp;[[GitHub|Github]]
{{Cryptocurrencies|Bytecoin=}}

[[Category:Cryptocurrencies]]
[[Category:Alternative currencies]]
[[Category:Currency introduced in 2012]]
{{DEFAULTSORT:Bytecoin (cryptocurrency)}}
[[Category:Open-source software hosting facilities]]
[[Category:Crypto-anarchists]]
[[Category:Computer-related introductions in 2012]]