Monero vs Loki 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. | Loki will allow users to transact and communicate privately, and anonymously, over the internet. | 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. . | Loki is developing a privacy-focused blockchain that will enable private transactions and decentralized communication. The Loki blockchain will be complemented by Lokinet and SNApps. Lokinet will use onion routing to allow users to access the internet privately without revealing their IP address. SNApps are web applications that will be located inside the Lokinet, and will be resistant to censorship. The Loki network is powered by the LOKI coin. It has a Proof-of-Work (PoW) consensus mechanism. Service nodes, on the network, are paid to process transactions and route the network's traffic and messages. | 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. |