Bytecoin (BCN) is a cryptocurrency first launched back in July 2012. When it launched, it was priced at around 10 satoshis, and it remained at that price for most of its history. However, the price of BCN rose suddenly on May 17 to a record high of 109 satoshis on Poloniex.Bytecoin has one important difference from other cryptocurrencies: it was the first ever altcoin based on CryptoNote technology. The altcoin is frequently called a “totally anonymous cryptocurrency”. Some of the advantages of the cryptocurrency include the utilization of ring signatures as well as one-time cryptocurrency addresses.
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