Revision 867348429 of "Bytecoin (cryptocurrency)" on enwiki

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

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]] less efficient than for Bitcoin.

It uses the unique [[CryptoNight]] algorithm. The essence of the algorithm is in the ring signature, which provides the maximum program anonymity for today. 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]]