Monero vs Dero vs Bytecoin
What problem does this service solve?
Monero is a blockchain with a strong focus on privacy. It uses an obfuscated decentralized ledger to hide information about transactions. Making it completely anonymous. | Dero's goal is to create a blockchain with improves encryption and security. | Bytecoin is a decentralized blockchain platform whose primary focus is privacy. |
Token Stats
Company Description
Monero is a decentralized public ledger protocol whose focus is on increased privacy. It was created in 2014, with the goal of establishing a privacy focused blockchain that would allow users to send and receive transactions anonymously, and not pseudo-anonymously, like Bitcoin. . | Dero is developing a Proof-of-Work (PoW) blockchain with a DAG block structure. Their goal is to enable anonymous and fast transactions, with a high degree of encryption. The platform will also have smart contract functionalities. | Bytecoin is a privacy focused blockchain that aims to be completely anonymous. It is the first digital currency based on CryptoNote technology and uses ring signatures. Bytecoin utilizes one-time addresses and multi-signatures to enhance security. Bytecoin has high transaction speeds and users are in complete control their personal information. Any identifiable details can only be seen if you allow it. Bytecoin, and CryptoNote, have led to several popular forks. Monero and Dash are both Bytecoin forks. The CryptoNote Proof-of-Work (PoW) algorithm was designed to provide ASIC resistance and enables anyone with a personal computer to mine it. |