Bytecoin (BCN)

Created in 2012, Bytecoin (BCN) was meant to serve as a peer-to-peer payments system similar to Bitcoin with the distinction of providing a means for users to transact anonymously through CryptoNote ring signatures.

Recognizing some who wish to keep financial transactions private, CryptoNote technology allows users intending to collect BCN one-time-use addresses derived from the receiver’s public key. The signatures may be identified as definitively from the group while preventing simple methods of cross examination on addresses that might otherwise reveal a user’s income.