![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fi.imgur.com%2FshdKjSk.png&t=565&c=TiJy7E0OKkwQaA)

Bytecoin is not a fork Bitcoin and uses the unique algorithm CryptoNight. Based on [CryptoNote technology](https://cryptonote.org/)

From [official site](https://bytecoin.org/info/):
> 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.

> In order to distinguish Bytecoin network from Bytecoin currency, the latter is referred to as BCN. For instance, current Bytecoin emission rate is 65,000 BCN each 120 seconds.

### Specifications

* Algorithm: CryptoNight
* Block time: 120 seconds (2 minutes)
* Difficulty retargets each block
* 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)
* Total coins: 18 446 744 073 709 551 616 atomic units (= 184.46 billion BCN)
  
### Features 

* True anonymity & data protection
* Untraceable payments use ring signature
* Unlinkable transactions with random data by the sender
* Blockchain analysis resistant
* Only CPU-mining & ASIC-resistant
* POW mechanism is a voting system for users

I was interested in next feature:

![](https://api.monosnap.com/rpc/file/download?id=BFaTZOTI47lNsHOh6yYSNHeuIUdwmm)

I have already installed wallet and I am waiting until it has synchronized.

![](https://api.monosnap.com/rpc/file/download?id=r2dg4DmI8SSyMRrkf6c6AJPvanvoBZ)

Read more at info section on the official site.

Site - https://bytecoin.org
Bitcoin Forum - https://bitcointalk.org/index.php?topic=512747.0
There is also faucet - http://freebytecoin.cf/index.php