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Bytecoin (BCN) Offers Auditable Coins Option

Published 12/13/2018, 05:40 AM
Updated 12/13/2018, 07:02 AM
 Bytecoin (BCN) Offers Auditable Coins Option

Bytecoin (BCN) unveiled its long-awaited auditable coins technology, an approach allowing users to view balances in selected addresses. Being an anonymous coin, BCN had the problem of not being explorable by third parties, unlike Ethereum (ETH) and other networks with easily viewable balances.

The Bytecoin team highlighted the appeal of publicity and the proof of funds in a wallet, saying it wanted to build the functionality in the scheduled December 12 hard fork.

“While anonymity is at the core of Bytecoin technology, the Team believes that it could be successfully used in the realm of public technology,” the project said.

Bytecoin sees the application of tamper-proof, public wallets as ideal for charity campaigns, as well as for crowdfunding deposits. While regular BCN will be sent with h...


This article appeared first on Cryptovest

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