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.
The Team will present the result of a project that has been a long time in the making --- Auditable coins.
Making an anonymous and untraceable cryptocurrency is, by no means, an easy task; blockchain is by default a public system. This is why Bytecoin developers were prompted to use unconventional methods to achieve anonymity: ring signatures to facilitate that anonymity and untraceable addresses to facilitate unlinkability. In this article, we want to examine these systems and describe what the upcoming changes to consensus regarding anonymity are all about.