Bytecoin Releases Hard Fork Update

The cryptocurrency encouraged its users, miners, and associates to update the software as soon as possible.

Desktop users should update to version 3.3. A hard fork is an update that makes the prior versions of the software unusable at a particular point in time.

BCN is an open-source cryptocurrency that is focused on privacy. The hard fork will implement more than 60 developments and present dynamic fees to its users. Some of the advances are fixing public methods and JSON commands.

Anyone using the Bytecoin Desktop Wallet is required to back up its data before updating to version 3.3. Exchange partners can continue trading, as there are no changes related to their operation.   

Even though August 31 was set for the update release, the modification won‘t be immediate. The company thinks it will happen in the next few weeks. Once users download the upgraded Desktop wallet, the software will update itself for 24 hours until the switch occurs.

Bytecoin is a cryptocurrency based on blockchain technology. It is focused mainly on the anonymity of its customers and the platform is reliable for financial security. Transactions are almost instant and have no fees.

Privacy-oriented cryptocurrencies continue to undergo criticism because of their possible connection to illegal activities. According to statistics more digital currencies are operated for legal rather than illegal activities. Bytecoin is one of the most popular ones. It has a market capitalization of $394,991,733 and has gained more than 10 percent in the past week. BCN is currently sold for $0.002146.