Bytecoin Forks Paving the Way for Amethyst Upgrades

Bytecoin Forks Paving the Way for Amethyst Upgrades

Though long planned, the fork was nonetheless substantive as it has formally initiated changes to the platform laid out in the Amethyst 3.4.2 software update. While Bytecoin’s maximum coin supply has not been altered in any way by the hardfork, now both new and old Bytecoin addresses work properly and can be used to transfer funds amongst each other.

Moving forward, this hardfork will set the stage for a number of features and upgrades to the platform to take effect, namely:

These updates are aimed at improving the platform and solidifying its position as one of the premier privacy solutions in crypto. The additions of unlinkable addresses and HD mnemonic wallets will do much to beef up the platform’s cryptographic specs, while adjustments to block and ring signature size are set to increase the platform’s performance.

In terms of trajectory, this hardfork will set in motion a number of prospective features that have been lined up on deck for Bytecoin, including the Gateway project, hidden amounts, and other events laid out in the roadmap.

When reached, Bytecoin CMO Jenny Goldberg had this to add:

“We have been preparing for this hardfork for a long time, and many of our future plans were dependent on its completion, so this is a key development for the team and for the community. On behalf of the team, I’d like to thank the members of our community for their contributions in the lead up to the fork, and share our enthusiasm for what’s on the horizon. We feel that with the developments we’ve got coming this next stage for the platform will be marked by expansion and positive growth.”

About Bytecoin

Bytecoin was originally launched in 2012 as the first privacy-oriented cryptocurrency based on CryptoNote technology. Since its conception, Bytecoin has worked to position itself as a platform that recomposes structures of commerce in favor of the individual.

 

source: https://coindoo.com/bytecoin-forks-paving-the-way-for-amethyst-upgrades/

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