Bytecoin (BCN)

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Revision as of 04:47, 11 January 2019 by wiki_crypto>Zeb.dyor
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Bytecoin
Consensus mechanismProof-of-Work
Total supply18.446.744.073.710.000.000
  • 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.