Bytecoin and Binance: An Official Statement from the Development Team
May 09, 2018

Dear Community,

I'd like to clarify the situation the Bytecoin issue on Binance.

Yesterday one of Bytecoin’s biggest milestones was achieved when one of the biggest exchanges - Binance announced they will be listing Bytecoin.

Unfortunately this was the cause for an explosive amount of user growth and mining activity. Due to the large amount of miners who were using the old software a bug appeared in the network consensus. That bug was the cause of the network’s instability.

We'd like to say a huge apology to all the Binance users who were faced with Bytecoin’s network issues.

We remained in silence until the moment we clearly understand the root of the problem because we want to be able to provide you with certain solutions, updates, and deadlines.

Currently, the entire Bytecoin development team is working hard to solve this issue asap. All of the problems have been identified and most of them have already been fixed.

Bringing the network into a stable state is currently our top priority.

We want to thank our entire Community and the Binance team for their support and understanding.

As soon as all the issues have been fixed we will provide you with a post-mortem analysis where the whole situation with Binance will be explained in detail.

Yours truly,

The Bytecoin Team

Recent News
Bytecoin is Now Featured on the Exchange OKEx!

Dear Community,

We can not help but share this great news with you! Today, July 4th...

Jul 04, 2018
The Updated Bytecoin Development Roadmap.

Dear Bytecoineers,

The Bytecoin team is happy to present you an updated version of our development...

Jun 29, 2018
Bytecoin X Trust.Zone VPN Partnership

Dear Community,

The Bytecoin team is happy to announce a new partnership! Meet Trust.Zone VPN...

May 23, 2018
Update on 3.0.4 Adoption Rate

We estimate that 25% of nodes has upgraded to this latest version just hours after...

May 09, 2018
The Official Review on the Network Issues From the Bytecoin Team

The last 2 days have been very decisive for the entire Bytecoin project. BCN, which...

May 09, 2018
Read Full News