Bytecoin is a top of the line currency among alt-coins today. However, a lot of people in the market have gotten a good grasp on what this is all about. This coin is based off of a fork of Litecoin and they both have a common feature that separates them from all other currencies. While Bytecoin is still in the planning stages, it is already accepted as an effective and stable currency.
Bytecoin is a decentralized currency. This means that Bytecoin itself is a good deal different than any other cryptocurrency out there. This currency is not mined by anyone but the coins are created through some very complicated algorithm. With a lot of people getting a good grasp on how this all works, they are now paying attention to which coins are going to survive and which ones are not. Right now Bytecoin is slowly becoming the main cryptocurrency in the market. Many traders are jumping on the bandwagon and are purchasing these coins for their own use.
One of the features that Bytecoin has that other currencies do not have is its ability to use private transactions. There are many people in the world who do not want anyone looking over their shoulder while they make their transactions. This feature allows you to send and receive Bytecoin via email. The process is a lot safer because you will not be trying to figure out which one goes with which service. You will be able to send money and receive it a lot easier when using this currency. As long as people are willing to transact using this system, Bytecoin is going to be a currency that has a good shot at success. It is only a matter of time before this cryptocurrency has solidified itself as the currency of choice.