So why can such a small currency rise to this level? After that, I checked the official website of the currency and found that it was developed from China.
And this is their introduction:
“Bytecoin, abbreviated as BYC, uses SHA256 as the algorithm, just as a byte is equal to eight bits, and the total number is also eight times that of Bitcoin, which is 168 million. The currency symbol of Baxter is β. The amount of money produced by each block of Baxter is 100, with an average of 5 mins per min, and the number produced after every 840 000 clumps will be halved. The number is again halved, and the difficulty is adjusted every 2016 blocks (one week on average).
The P2P port of Baxter is 8888. This port is used to transmit transaction data and maintain the entire currency network. The RPC port is 8889. It is used for remote calls such as mining. In addition, Baxter also runs a test network for developers to verify the program's functionality. The test network P2P port uses 18888 and the RPC port is 18889.”
In general, the currency is like a Bitcoin or Crypterium and also used for payment. And the output is extremely high, which can exceed 168 million. It is also shows that there is still a huge opportunity for huge profits in the entire encrypted currency circle.
I really hope that one day I can get rich by it too. Do you guys have a similar bottom currency to recommend, such as SONO (ranked1469)? Although it doesn’t even have official website.
Just kidding.