Almost 57% of the world’s population has access to the Internet and 45% are active social media users. While social media and messaging applications are developing into some of the most prevalent communication tools, the security offered by these tools is anything but certain. With recurring data breaches from both criminals and government agencies, privacy of communication is becoming one of the most sought-after digital needs in the 21st century.
Since the creation of Bytecoin developer repositories the project has seen 24 software releases, arriving and departing partners and a lot of feedback from the community. The challenges we have faced and the feedback gathered from the community have been invaluable to our growth. Accordingly, we have decided to take a look back on what we’ve accomplished since the creation of the new software repositories technology-wise and the impact theses developments have had.
The Bytecoin Team is releasing Bytecoin Amethyst v3.4.1, containing several important fixes and improvements that are crucial to a speedy hardfork adoption.
The Bytecoin Team has released a roadmap for the upcoming year. The events outlined on the map consist of improvements in anonymity, functional and visual redesign, and the addition of useful features.
Bytecoin network will be undergoing a hardfork in March 2019. There is no doubt it is a substantial event for any cryptocurrency.
According to CNBC, around $1.1B of cryptocurrency was stolen just in first half of 2018. Cybercriminals try to exploit the weakest points in the crypto ecosystem and often find those points in cryptocurrency wallets.
The long awaited Amethyst release marks the start of a new stage of Bytecoin development. The Bytecoin development team has overhauled the platform following a long period of testing and refinement. Here is an extended technical description of the changes that were made, compiled by the Bytecoin devs.
There is no denying that blockchain gateway is a complex technical enterprise that puts together several independent systems. In this article we will give a more detailed description of how the proposed system may work.
The Bytecoin Team has always looked to explore new avenues of technology. New developments and innovations can bring exciting and sometimes unexpected results when mixed with standing technology. This time the Team has introduced Auditable Wallets, a development they see as an important milestone in augmenting Bytecoin’s presence and transcending the given limitations of a single blockchain. One of the most prominent use cases for Auditable Wallets is the Blockchain Gateway.
A system is generally easy to use if it is easy to understand. Consequently, it is easy to understand if it is simple, and simplicity does not always equal security. With the development of the Amethyst Release, the Bytecoin Devs have chosen a design that has been tested by the industry and is familiar to users - mnemonics.