Over the years, we have seen multiple privacy-oriented cryptocurrencies emerge. As most people are well aware, Monero seems to be holding all the best cards in this regard even though there is still room for improvement. Bytecoin is another project focusing on the same problem, even though its developers have done things slightly differently. Combining privacy with untraceable payments has proven challenging; that much is evident. Why does Bytecoin Exist? It is not hard to figure out the idea behind Bytecoin. It is a cryptocurrency designed to protect individual privacy, minimize risk for business, and allow for investment growth. The project has been
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