Bytecoin (BCN) Offers Auditable Coins Option
Cryptovest
Published Dec 13, 2018 05:40AM ET
Updated Dec 13, 2018 07:02AM ET
Bytecoin (BCN) Offers Auditable Coins Option
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...
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