ByteCoin (BCN) Price

  • ByteCoin(BCN)
    $0.0007
    0.0000(0.0000%)
    02:23:21(GMT)|Real-Time Data, Currency in USD
    • Open
      $0.0007
      Day's Range
      $0.0007- $0.0007
    • Market Cap
      $135.58 M
      Volume
      $11.35 K
    • Current Supply
      184.07 BBCN
      Max Supply
      184.47 BBCN

ByteCoinOverview

  • Proof TypePoW
  • AlgorithmCryptoNight
  • Market Cap$135.58 M
  • Volume$N/A
  • Current Supply184.07 BBCN
  • Max Supply184.47 BBCN
  • Open$0.0007
  • Day's Range$0.0007- $0.0007

ByteCoinPrice

Bytecoin is a private, decentralized cryptocurrency with open source code that caters to those looking to keep their finances private. Bytecoin is the first cryptocurrency to be based on CryptoNote technology that removes the traceability of transactions across the Bytecoin network.

In contrast to fiat money that is processed through intermediary banks or financial institutions, transactions between Bytecoin users are carried out over the internet, with privacy delivered by way of secure cryptographic algorithms. The algorithms ensure that the amount sent, and the identities of both the sender and the receiver are concealed.

Transactions are verified by incorporating a proof-of-work algorithm that uses a script, which supports the use of CPU mining rigs.

The number of Bytecoin emitted every 120 seconds is slightly decreasing, supporting Bytecoin value, with the cryptocurrency protected from the only moderate declines in block reward.

New Bytecoin is created through the mining process, with miners being rewarded for the use of their computing power in orders to process transactions. Transactions are carried out every 120 seconds.

Bytecoin was released to the public in March 2014 after being created in 2012 by an anonymous team, with the total number of Bytecoin capped at 184.47bn.

Unlike fiat money, there are no physical Bytecoin, just balances of Bytecoin that are recorded on Bytecoin’s blockchain which is a decentralized, public ledger. Bytecoin was created to compete with Bitcoin and other true cryptocurrencies to become the choice alternative to fiat money.

Some distinct differences and characteristics of Bytecoin include:

  • Bytecoin is run with a proof-of-work algorithm that also allows CPU mining with the use of the script.
  • Bytecoin, also a peer-to-peer payment system, with many similarities to Bitcoin, did not come from a Bitcoin fork.
  • While there are no limits to transaction sizes, the larger the size the larger the fee, Bytecoin looks to prevent the creation of block sizes that are too large by using an excess size penalty. In the event of an excess size penalty, the block reward is reduced.

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ByteCoinTechnical Analysis

Summary

BUY
  • Moving Averages
    BUY(17)
  • Indicators
    BUY(5)

Moving Averages

SIMPLEEXP.WEIGHTED
MA (5)0.00060.00060.0006
MA (10)0.00060.00060.0006
MA (20)0.00060.00060.0006
MA (50)0.00070.00070.0007
MA (100)0.00070.00070.0007
MA (200)0.00070.00070.0007
BUY1170

Trend Indicators

MACD (12,26,9)-0.00
ADX (14)26.6758
RSI (14)45.096
Williams %R (14)-32.554
Stochastic RSI (14)0.8967
ROC (10)-4.5847
CCI (14)-45.4004
Ultimate oscillator (7,14,28)20.4483
Stochastic Fast (14)67.446
ATR (14)0.00
BBands (20)0.0001
BUY056

Pivot Points

names3s2s1pivotr1r2r3
classic0.00060.00060.00060.00060.00060.00060.0006
fibonacci0.00060.00060.00060.00060.00060.00060.0006
camarilla0.00060.00060.00060.00060.00060.00060.0006
woodieN/A0.00050.00030.00050.00030.0005N/A
demarkN/AN/A0.00060.00060.0006N/AN/A
names3s2s1pivotr1r2r3
classic
fibonacci
camarilla
woodie
demark

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