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Bytecoin was the first implementation spawned from CryptoNote, offering a viable anonymous currency based on the CryptoNote technology. Bytecoin was launched in March of 2014. Note that there was a previous alt-coin named Bytecoin with currency symbol BTE, whereas the CryptoNote-derived Bytecoin has currency symbol BCN. Bytecoin uses the Cryptonight Proof-of-Work algorithm which requires access to at least 2 MB of RAM per instance, making it unsuitable for GPU or ASIC mining. Bytecoin inherits ring-signatures, unlinkable transactions and blockchain-analysis resistant anonymity from CryptoNote.
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Bytecoin was the first implementation spawned from CryptoNote, offering a viable anonymous currency based on the CryptoNote technology. Bytecoin was launched in July of 2012. Note that there was a previous alt-coin named Bytecoin with currency symbol BTE, whereas the CryptoNote-derived Bytecoin has currency symbol BCN. Bytecoin uses the Cryptonight Proof-of-Work algorithm which requires access to at least 2 MB of RAM per instance, making it unsuitable for GPU or ASIC mining. Bytecoin inherits ring-signatures, unlinkable transactions and blockchain-analysis resistant anonymity from CryptoNote.
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