The whales that every cryptocurrency rests on (or takes off from) are cryptographic algorithms. Bitcoin has just two - hash function and digital signature. It may comes as a surprise, but encryption (or concealment of information) is not even mentioned in the original article of Satoshi Nakamoto. (To be clear, the private keys of users are stored encrypted, but that is just a function of the specific wallet, not the protocol, described in the original whitepaper).
A hardfork presents developers of any software product, especially, cryptocurrency, with a rare opportunity to make significant changes to the product. The Bytecoin developers have taken full advantage of this opportunity - version 3.3.0 brings over 60 improvements to various aspects of the product.
As most of our users know, we are releasing our hardfork update on August 31st. We have received a lot of questions regarding how to adopt it, which we will answer today.
We would like to announce the release of our new Android mobile wallet! The wallet will include a few interesting features which we would like to share with you!
The Bytecoin team is glad to announce the public testnet release. Actually, this event is quite important for the entire Bytecoin ecosystem not because of support of testnetworking but the early support of a large-scale infrastructure - stagenet.
We have decided to reflect on the changes made to the Bytecoin software so far and remind our users about the most recent improvements to the technology. The new software is safer, more reliable, and performs better than ever.
The Bytecoin team is excited to present the new Desktop and Daemon update. Both of the programs have undergone significant changes. These changes have been applied to the API methods, fighting various bugs, improved nodes database, as well as the wallet cache.
We’ve received a lot of requests about features that should be added to the Bytecoin Web Wallet, and we have decided to make several of the improvements that were requested to allow our users to have a fresh and enjoyable experience.
We are glad to present a technical overview of Send Proof, an irreplaceable Bytecoin feature. Any kind of financial interactions always require a way for a third party to prove the transaction took place. Send Proof is a feature designed to do just that.
This summary describes the CryptoNote Protocol, the SendProof protocol, and the various aspects of its security.
Hello Dear Community!
We wish to share with you the planned Release of the High Load Resistance! It is here and today we are happy to announce our Beta version! This update will provide some key improvements to help with any future network congestion or lost transactions as well as many more enhancements to make the system more reliable for our users.