Bytecoin (BCN) Preps for Hard Fork as Part of Development Map
Bytecoin aims to reinvent itself despite going down to sub-penny prices and losing traders’ trust after a Binance pump-and-dump event.
Bytecoin (BCN) has unveiled a new roadmap to be completed in the coming months, starting with a Stagenet hard fork on December 12. The project will relaunch its mainnet at the end of the first quarter of 2019.
Bytecoin recently announced the steps in its new roadmap:
Surrounded by strong skepticism ever since its launch, Bytecoin, the predecessor of Monero, raised suspicions with misdated early documents and a pre-mine at a low difficulty. It continued to exist with a renewed team but now faces a few more updates.
Unfortunately, Bytecoin was delisted from Binance after volatility caused buyers to join in at anomalously high prices. In the past month alone, BCN plunged from $0.0012 to $0.0006, losing another 50%. It has almost always traded below a cent, with the exception of the Binance pump in May. BCN was delisted from Binance and also from OKEx in October, with only vague hopes left of a new listing.
The current Bytecoin hard fork is merely a software update that will not create a new asset.
“December 12, 2018 is the date of the release of version 3.4.0 Beta. This major release of Bytecoin software brings a series of crucial innovations to the Bytecoin Desktop and the Bytecoin Daemons. All of these additions have appeared as the result of the research and development carried out by the Bytecoin Devs,” the team announced.
Bytecoin plans to enforce a requirement for using higher levels of anonymity. At the same time, the ecosystem will have auditable wallets - public addresses specifically created to be viewed by third parties.
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