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Posts Tagged ‘Bytecoin

The developers of Monero (XMR) have just disclosed that they have discovered and patched a critical bug that affects all CryptoNote-based cryptocurrencies, and allows for the creation of an unlimited number of coins in a way that is undetectable to an observer unless they know about the fatal flaw and can search for it. This major bug has been patched a while ago and it has been confirmed that the Monero network was never affected by it. All other active and affected CryptoNote coins, including CryptoNote themselves, Bytecoin, Forknote, Boolberry, DashCoin, and DigitalNote have apparently been notified about the possible issue prior to the public disclosure of the problem.

Note that, at this time, only Monero (XMR), Aeon (AEON), Boolberry (XBB), and Forknote have updated. This means that there could be potential abuse, though it may not necessarily happen with coins that have not patched and fixed the bug. As a result caution is advised for anyone using, trading, exchanging, or running services involving the following currencies affected by this issue: Bytecoin (BCN), DashCoin (DSH), DigitalNote (XDN). Just to clarify a possible misunderstanding by some users – DashCoin (DSH) is not the same as DASH as DASH is not CryptoNote, but X11-based!

Check the official announcement from Monero about the major bug discovery and fix…

bytecoin-logo

Bytecoin (BCN) is an alternative cryptocurrency, but it is not a fork Bitcoin and uses the unique algorithm CryptoNight, based on CryptoNote technology. Bytecoin is an open decentralized cryptocurrency. Anyone interested can join Bytecoin network and take part in currency development. As well as the Internet, Bytecoin is international by its nature. Bytecoin allows safe and secure transactions around the globe and offers the convenience of instant fee-free money transactions.

Website:
https://bytecoin.org/

Block Explorer:
http://chainradar.com/bcn/blocks

Coin Specifications

  • CryptoNight Algorithm
  • Total coins: 18 446 744 073 709 551 616 atomic units (= 184.46 billion BCN)
  • Block reward decreases each block according to the formula: BaseReward = (MSupply – A)/218, where MSupply = (264 – 1) atomic units and ‘A’ is amount of already generated coins
  • One coin is divisible down to 8 decimal places (divisible up to 108)
  • Block time: 120 seconds (2 minutes)
  • Difficulty retargets each block

Wallet:
Windows
Linux
Mac OS

Source Code:
at GitHub

Mining Pools:
MinerGate
http://bytecoin.miner.center/
http://bcn.democats.org/
http://cryptonight.net/
cryptmonero.com/bytecoin/

Coin Exchanges:
Poloniex


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