Bytecoin Team presents new all-in-one Wallet and Solution for Faster Payments Processing

July 16, 2015
Top Quote On July 15, Bytecoin Team releases a new update addressing both its core (real-time transactions synchronization) and wallet (integrated miner and block explorer). As for the users, this release will integrate all necessary functions into the Wallet. End Quote
  • (1888PressRelease) July 16, 2015 - Real-time synchronization will further decrease transaction confirmation time, which will not be more than 120 seconds for most transaction.

    Convenience
    Using Bytecoin will be even simpler for the user. Miner and block explorer that are integrated into the wallet make it a Bytecoin's 'control center'. The Wallet will not only allow user to receive and send transactions, but mine BCN using any pool as well. Moreover, Bytecoin Wallet allows for getting data directly from the blockchain, which makes it the only program required to interact with Bytecoin network in any way.

    Speed
    Algorithm used for real-time transaction synchronization guarantees that all network nodes have similar transaction lists. As soon as one node receives user's transaction, it ensures that this transaction is included into transaction lists of all nodes. Therefore, every miner will have a complete transaction list. For user it means that probability of processing his transaction in the following block would be almost 100%.

    Refactoring
    The release will include a new network library with network code operating significantly faster than the existing solution. It allows for increasing stability of data exchange between the nodes while decreasing requirements for resources. This library increases speed and predictability of Bytecoin network operation. Any p2p applications developer can use it in order to create stable and reliable programs.

    Openness
    In this release Block Explorer high-level API will be added to our APIs. With its help, developers will be able to create services that obtain data directly from the Blockchain. This feature will allow dispensing 3rd party services that function as Block Explorer.

    Every Bytecoin's release contains elements required for building efficient financial services based on Bytecoin platform. Every step is getting us closer to creating financial systems that would be open not only for using, but for development as well.

    https://bytecoin.org

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