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Bytecent innovations include uniquely intuitive ease-of-use, broad and fast market penetration, and robust security with Proof of Miner technology.
NEW YORK, NY, December 11, 2014 /24-7PressRelease/ -- Bytecent (www.bytecent.com) is the most recent entrant into the world of cryptocurrencies, but it has already distinguished itself with unique value through innovative solutions. The newly launched Bytecent solves many of the problems that have hampered the success of other cryptocurrencies, and its one-of-a-kind menu of features benefits investors, merchants, and consumers alike.
Bytecent's expansive merchant adoption initiative is one of the key features distinguishing it from all other competing cryptocurrencies. Others face an uphill battle for market penetration, but Bytecent proactively positioned itself with easy-to-install, merchant-friendly shopping cart plug-ins. That helps to accelerate the distribution of Bytecent to a vast, worldwide market, making it much more useful and practical for merchants and consumers alike.
Another breakthrough is the ease of use for non-technical consumers who want to mine or buy cryptocurrencies. As Bytecent creator Christopher Bouzy explains, "Within the crypto community at large, it has become common practice to distribute source code and binaries using the Github platform. But downloading zipped binaries from Github and similar websites is not a practical option for the majority of the population. The end-user should not need to have a degree in computer science just to download, install, and begin using a cryptocurrency. That's why Bytecent intentionally removed the complexities from the process."
Bytecent accomplished that by employing an easy-to-use installer and smart configuration technology. Even someone with no special computer knowledge and skill can be up and running in less than five minutes, with none of the complexities of unzipping binaries and configuring files. That allows Bytecent to be rolled out globally with availability on 100s of download portals right away, and this innovation is a first for the cryptocurrency industry. The platform elegantly facilitates simplified, super-efficient distribution of the Bytecent wallet and miner.
Bytecent is also the first Proof of Miner cryptocurrency in the world, and it utilizes captcha technology to limit mining abuses while keeping the mining process tangible. Proof of Miner requires miners to enter a human readable captcha code, in order to avoid interrupting the mining process. That intelligent safeguard renders botnet mining ineffective and dramatically reduces the effective capability of mining farms.
With Bytecent, anyone can send funds quickly and anonymously to any person on earth, without the hassle of dealing with banks or money transfer services. The average Bytecent transaction is completed within 60 seconds or less, and there are no limits on the amount of Bytecent that can be transmitted at once. Likewise, there are no limits on the number of daily or monthly transactions. Meanwhile, the cryptocurrency provides robust security and fraud protection, low merchant fees, and easy, confidential consumer access - regardless of credit history and without paperwork to fill out or personal information to submit. The revolutionary combination of flexible, adaptable, one-of-a-kind benefits promises to propel Bytecent onward and upward while simultaneously boosting its underlying market value and global popularity.