Hello everybody here!
I’ve stumbled upon this forum recently, and see some discussion about Bitcoin and non-Bitcoin technologies.
Has anyone heard of Bytecoin? It’s the first cryptocurrency, based on the CryptoNote protocol, and it provides super privacy (thanks to advanced cryptography, and in particular ring signatures). It was also designed to have egalitarian mining, which means that there are no ASICS that can mine better and GPU mining has no advantage over CPU mining.
Official site: https://bytecoin.org/
Proof-of-work algorithm: CryptoNight
Block time: 120 seconds
Difficulty retarget: each block
Block reward retarget: each block according to the formula:
BaseReward = (MSupply - A)/218
where MSupply = (264 - 1) atomic units and ‘A’ is amount of already generated coins
Divisible up to: 108 units
Total coins: 18,446,744,073,709,551,616 atomic units (~ 184.47 billion BCN)
Has anyone heard of/mined Bytecoin?