CanonChain CZR to Bytecoin BCN Exchange

Crypto Pair Details: CZR to BCN

CanonChain CZR

Reforging The Cornerstone Of The Blockchain World CanonChain will be triggered from the protocol layer and the chipset layer of data communications to provide a robust foundation for the entire blockchain industry. The pursuit of inclusiveness and relative fairness is the target of CanonChain. CanonChain will be triggered from the protocol layer and the chip layer of the communication to provide a robust foundation for the entire blockchain industry. UNDERLYING PROTOCOL We have established the basic protocol for the Fog Networking and implemented a new consensus mechanism via a specially designed blockchain chipset that truly fulfill the transactional capability requirements of dApps at the chip-level BUCKYBALL (FULLERENE) NETWORK Our Buckyball topology architecture will support the decentralized characteristics of DeOSes (Decentralized Operating Systems) and Dapps (Decentralized Applications) operations, by reaching consensus on fragmented self-autonomous network. VALUE SYSTEM BASED ON PARTICIPATION Operating on the main chain and application chain of CanonChain. When the blockchain and network resources are being contributed or used in different levels of applications and blockchain nodes, a standard measure is required, which is known as Xuanchi CZR.

Bytecoin BCN

Bytecoin is the first cryptocurrency created with CryptoNote technology. Bytecoin allows users to make absolutely anonymous money transfers through the CryptoNote algorithm. CryptoNote uses CryptoNote ring signatures to provide anonymous transactions and allows you to sign a message on behalf of a group. The signature only proves the message was created by someone from the group, but all the possible signers are indistinguishable from each other. Even if outgoing transactions are untraceable, everyone may still be able to see the payments received and thus determine one's income. By using a variation of the Diffie-Hellman exchange protocol, a receiver has multiple unique one-time addresses derived from his single public key. After funds are sent to these addresses they can only be redeemed by the receiver; and it would be impossible to cross-link these payments. As a primarily peer-to-peer (p2p) payment system, Bytecoin has many of the same use-cases as Bitcoin. Created in 2012, Bytecoin is one of the earliest developed cryptocurrencies. Until recently, the team behind the coin has kept themselves anonymous. Now, though, they’ve opened up multiple communication channels, removed some layers of anonymity, and even built several local communities. Bitcoin’s PoW consensus algorithm heavily favors miners that use powerful GPU and ASIC machines over those trying to mine with CPUs. This causes the network to centralize around the more powerful miners. Bytecoin attempts to close the gap between these two classes of miners with a new algorithm, Egalitarian Proof-of-Work (PoW). Egalitarian PoW uses a version of skrypt, a proof of work function similar to the hashcash function used by Bitcoin. The difference between the two is that scrypt isn’t memory bound. Because of this, you can produce highly efficient CPU mining rigs. GPUs will always be about 10 times more effective, though. The Bytecoin project has been fairly fractured since its inception in July 2012. Previously, several isolated teams worked on the project without seemingly communicating with each other. This led to numerous forks and versions of the coin. In July 2017, the team decided to change their image and provide more transparency to the community. The team still remains pseudo-anonymous by only providing names and headshots on their webpage – no bios or social media links. But, it’s tough to expect more from a project that’s focused on privacy. The team has been busy at work refactoring their code and are planning to release a new public API on February 6, 2018. They’ll also be entering the Asian, Middle East, and African markets throughout 2018.

SOURCE: COINGECKO

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