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What is Bytecoin?

Bytecoin (BCN) is a cryptocurrency started on July 4, 2012 . Bytecoin was developed from scratch and is based on the CryptoNote technology.  So Bytecoin is not a Bitcoin fork, but a unique cryptocurrency.

Bytecoin features:

  • True anonymity & data protection
  • Untraceable payments uses ring signature
  • Unlinkable transactions with random data by the sender
  • Blockchain analysis resistant
  • Only CPU-mining & ASIC-resistant
  • POW mechanism is a voting system for users
Release date: July 4th, 2012


  • Algorithm: CryptoNight
  • Block time: 120 seconds
  • Difficulty retarget each 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
  • One coin is divisible down to 8 decimal places (divisible up to 10^8)
  • Total coins: 18,446,744,073,709,551,616 atomic units (= 184.46 billion BCN)