Bytecoin (BCN)
From CryptoWiki
Revision as of 04:47, 11 January 2019 by wiki_crypto>Zeb.dyor
| Consensus mechanism | Proof-of-Work |
|---|---|
| Total supply | 18.446.744.073.710.000.000 |
- Premined coin, it was later discovered that there was a 80% hidden premine which went straight into the pockets of these anonymous creators
- Bytecoin is the first CryptoNight-based currency. Bytecoin has been originally created in close cooperation with CryptoNight team.
- eventually there was a community takeover of bitmonero, not wanting to be associated with any of these scamming original creators
- monero was created out of bitmonero
- currency is distributed using the distribution of BTC as their base
- Proof of Work
- Block Time, sec: 120
- Reward, coins per block: Block reward decreases each block according to the formula: BaseReward = (MSupply - A)/2^18, where MSupply = (2^64 - 1) atomic units and 'A' is amount of already generated coins
- Difficulty cycle, blocks: each block
- Has been forked into many, many CryptoNight coins. Including Boolberry, AEON and Pebblecoin.
