Bytecoin has launched the Bytecoin Gateway Project, where they will link Bytecoin & Ethereum's blockchain technology to create a corresponding currency called BCN20. An auditable wallet will be used to store and keep track of the currency and Ethereum's smart contract will be used to circulate the new currency on a 1- 1 ratio with the original BCN secured in the wallet.
While BTC is better-known and popular, it’s not the fastest nor the most secure crypto on a blockchain. Bytecoin fixes these problems with a secure, fast blockchain which has been under development since 2012. As such, Bytecoin is one of the oldest of the altcoins, and its CryptoNote ring signatures are still ahead of their time. Monero is a fork of Bytecoin and is quite popular in itself, making it a BCN competitor along with ZCash and Dash.
Bytecoin may be old in crypto years, but Bytecoin has a solid and devoted following that will keep it in circulation for years. BCN can be stored in a mobile, desktop or web-based wallet and its trading volume is relatively low when compared to other top cryptos. Despite its impressive market cap, Bytecoin BCN rarely makes the news at the cryptocurrency exchanges.
BCN Price for today is $0.001096. Its current circulating supply is BCN 184,066,828,814 with a market cap of $201,810,465.
Bytecoin is a decentralized and private cryptocurrency with open source code which allows everyone to take part in the Bytecoin network development. Security and Privacy come naturally from using Bytecoin. Instant private transactions are provided all across the world by the Bytecoin Network, they are totally untraceable, and they don’t require any additional transaction fees. Fiat currencies are specially assigned to specific territories while BCN is bound to the Internet and hence is international by default.
Unlike fiat money transactions, wherein your money is processed through an intermediary or a financial institution esp a bank, transactions between Bytecoin users are carried out over the Internet that makes the transactions much more reliable. Transaction privacy is protected by secure cryptographic algorithms wherein no one can identify who sent the money, who the recipient was, and the amount of money that was transferred.
It is a difficult task when it comes to predicting the future of a cryptocurrency, that too after years. As the market is volatile, it is not so easy to forecast. But the crypto enthusiasts and the regular prediction websites have given some of their predictions. Let’s check out some of those:
Trading Beasts, a cryptocurrency website predicted that the price of Bytecoin might go up and reach $0.0009604 by 2020 end, which is a highly optimistic prediction.
CoinLiker claims to focus specifically on cryptocurrency predictions. According to CoinLiker's pricing model, by the year 2023, they estimate its price will rise to $0.6792.
Wallet Investor, a cryptocurrency prediction website predicts that BCN might reach $0.000036 by the end of 2020, which looks like a bearish pessimistic prediction.
Crypto ground predicts that Bytecoin might reach $0.0006 in a year. It even predicts that BCN might reach $0.0103 in 5 years time frame.
Rokoss Bank might be the first crypto-related bank, which will be launching the first Project Bytecoin CoinWallet. This is an innovative way of how users will be holding their funds. Indeed, this might be the first physical Cold storage wallet for Bytecoin (BCN). Compared to a hot wallet, cold devices are not connected to the internet and allow users to have the best control over their coins. The Rokoss ATM’s are going to get compatible with the Bytecoin cards, which gives us a heads-up that BCN is going to prove essential to the cryptizens, which might change the entire outlook about the digital currency. By the end of 2020, bytecoin price might surge upwards and reach $0.007354, which is around 7X the current price, but experts are confident on this cryptocurrency for a lot of reasons, a lot of it has been mentioned above.
Rokoss Bank and Bytecoin will prove to be successful in the upcoming years, where its branches will spread across the country, with more access and user dominance. By the end of 2025, BCN might reach $0.11856, and might even go up the ladder in the ranking as per the market capitalization. The future of BCN (2019- 2025) is expected to be the most growing period of BCN, with a lot of advancements and developments. You can convert BCN to BTC at the best rate at CoinSwitch.
CoinSwitch.co is the world’s largest cryptocurrency exchange aggregator which supports 300+ coins and over 45,000+ pairs. It provides an easier way of trading through global exchanges like Binance, KuCoin, IDEX, Huobi, Ethfinex, HitBTC and Cryptopia without creating an account on them. If you are interested in buying cryptos, do give it a try!
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