Difference between revisions 869369609 and 869371002 on enwiki

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{{Article for deletion/dated|page=Bytecoin (cryptocurrency)|timestamp=20181113194221|year=2018|month=November|day=13|substed=yes|help=off}}
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(contracted; show full)coin-a-scam/|website=Bitcoinalk}}</ref> Riccardo Spagni, a [[Monero (cryptocurrency)|Monero]] core developer said this was done to conceal a hidden premine, where by the time of public release 82% of the total supply would already be mined.<ref>{{Cite news|url=https://www.ccn.com/bytecoin-original-anonymous-cryptocurrency-jumps-250-comeback/|title=Bytecoin: The Original Anonymous Cryptocurrency Jumps 250% in Comeback|date=2017-05-18|work=CCN|access-date=2018-11-18|language=en-US}}</ref>


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++]].<sup>[''[[Wikipedia:Citation needed|citation needed]]'']</sup> As of 2015, Bytecoin has been forked more than 25 times.<sup>[''[[Wikipedia:Citation needed|citation needed]]'']</sup> Bytecoin [[blockchain]] contains additional information not directly related to remittances: several blocks include the geographical coordinates of universities, educational institutions among other buildings.<sup>[''[[Wikipedia:Citation needed|citation needed]]'']</sup>⏎
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In September 2018, Bytecoin announced a partnership with Chinese exchange Gate.io.<ref>{{Cite news|url=https://cointelegraph.com/press-releases/privacy-oriented-cryptocurrency-features-on-chinese-exchange-gateio|title=Privacy-oriented Cryptocurrency Features On Chinese Exchange Gate.io|last=Cointelegraph|date=2018-09-28|work=Cointelegraph|access-date=2018-11-18|language=en}}</ref> One month later on October 2018, Binance announced its delisting due to falling below their quality standard.<ref(contracted; show full)

== Features ==
{{Unreferenced section|date=November 2018}}
Bytecoin is an open source software. Cryptocurrency 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]] less efficient than for Bitcoin.{{Citation needed|date=November 2018}}


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++]].<sup>[''[[Wikipedia:Citation needed|citation needed]]'']</sup> As of 2015, Bytecoin has been forked more than 25 times.<sup>[''[[Wikipedia:Citation needed|citation needed]]'']</sup> Bytecoin [[blockchain]] contains additional information not directly related to remittances: several blocks include the geographical coordinates of universities, educational institutions among other buildings.<sup>[''[[Wikipedia:Citation needed|citation needed]]'']</sup>⏎
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It uses the unique [[CryptoNight]] algorithm. The essence of the algorithm is in the ring signature, which provides anonymity. 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.

== NotReferences ==
{{Reflist}}

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

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

[[Category:Cryptocurrencies]]
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[[Category:Currency introduced in 2012]]
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[[Category:Crypto-anarchists]]
[[Category:Computer-related introductions in 2012]]