Bytecoin (BCN) vs Skycoin (SKY) Comparison

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On this page, you can compare Bytecoin (BCN) with Skycoin (SKY). Which coin is better to buy now? What will be the better investment?

You can read more about cryptocurrency investment strategies in this article. Some additional rules you can also find here. Finally, you can read about the top 10 trading mistakes leading to failure in this article.

Company

User rating

4.5 / 5 2 user reviews 4.7 / 5 3 user reviews

Cryptogeek rating

4.6 / 5 4.4 / 5

Trust Score

How it works
4.17 / 5 4.4 / 5

About

Bytecoin (BCN) is one of the first digital coins based on the CryptoNote software algorithm. The Bytecoin cryptocurrency is an independent project that is developing in isolation from bitcoin and altcoins based on this currency. You can check Bytecoin's market cap and volume on the widget of our partner. Also, you can see the latest BCN price on Cryptogeek.info. You can leave your feedback and reviews about Bytecoin cryptocurrency here.
Skycoin (SKY) is the native coin of the Skycoin Internet platform. You’ll be able to buy the coin on the project’s website, as well as to trade it against other cryptos on a number of exchanges.

Type

coin coin

Founding Date

2016 2013

Country

International International

Languages

No data No data

Team

Not Public Public

Protocol

No data Public blockchain

Current price (USD)

0.0004 0.9993

All-time high (USD)

0.0301 53.8300

Price change (24h)

5.98 -0.07

Volume (24h)

27092.90025 0.00000

Hashrate

No data No data

Max Supply

99999999999.99999 100000000.00000

Total supply

No data No data

Circulating Supply

99999999999.99999 100000000.00000

Transaction speed / Block time

500 300

Transaction fee

No data No data

Mining profitability

No data No data

Algorithm

No data No data

Proof type

No data No data

Fully premined

No data No data

Smart contract address

No data No data

Total coins mined

No data 11000000.00000

Is trading

No data yes

Block reward

No data 0.000000000000

Block time

No data 10
Company
User rating User rating 4.5 / 5 2 user reviews User rating 4.7 / 5 3 user reviews
Cryptogeek rating Cryptogeek rating 4.6 / 5 Cryptogeek rating 4.4 / 5
Trust Score How it works Trust Score 4.17 / 5 Trust Score 4.4 / 5
About
Bytecoin (BCN) is one of the first digital coins based on the CryptoNote software algorithm. The Bytecoin cryptocurrency is an independent project that is developing in isolation from bitcoin and altcoins based on this currency. You can check Bytecoin's market cap and volume on the widget of our partner. Also, you can see the latest BCN price on Cryptogeek.info. You can leave your feedback and reviews about Bytecoin cryptocurrency here.
Skycoin (SKY) is the native coin of the Skycoin Internet platform. You’ll be able to buy the coin on the project’s website, as well as to trade it against other cryptos on a number of exchanges.
Type Type coin Type coin
Founding Date Founding Date 2016 Founding Date 2013
Country Country International Country International
Languages Languages No data Languages No data
Team Team Not Public Team Public
Protocol Protocol No data Protocol Public blockchain
Current price (USD) Current price (USD) 0.0004 Current price (USD) 0.9993
All-time high (USD) All-time high (USD) 0.0301 All-time high (USD) 53.8300
Price change (24h) Price change (24h) 5.98 Price change (24h) -0.07
Volume (24h) Volume (24h) 27092.90025 Volume (24h) 0.00000
Hashrate Hashrate No data Hashrate No data
Max Supply Max Supply 99999999999.99999 Max Supply 100000000.00000
Total supply Total supply No data Total supply No data
Circulating Supply Circulating Supply 99999999999.99999 Circulating Supply 100000000.00000
Transaction speed / Block time Transaction speed / Block time 500 Transaction speed / Block time 300
Transaction fee Transaction fee No data Transaction fee No data
Mining profitability Mining profitability low Mining profitability No data
Algorithm Algorithm No data Algorithm No data
Proof type Proof type No data Proof type No data
Fully premined Fully premined No data Fully premined No data
Smart contract address Smart contract address No data Smart contract address No data
Total coins mined Total coins mined No data Total coins mined 11000000.00000
Is trading Is trading No data Is trading yes
Block reward Block reward No data Block reward 0.000000000000
Block time Block time No data Block time 10

Social

Website

bytecoin.org www.skycoin.net

Twitter

@Bytecoin_BCN @Skycoinproject
Website Website bytecoin.org Website www.skycoin.net
Twitter Twitter @Bytecoin_BCN Twitter @Skycoinproject

Advantages

- Ensuring the security of users' funds, storing them in the form of Bytecoins. Users' digital coins are protected by an advanced cryptographic encryption algorithm; - Protection of personal user information when performing financial transactions; - Possibility of crypto mining both on the processor and on a mid-level video card, which makes it possible for a larger number of users to plunge into the world of mining; - All transactions are carried out instantly and there is no commission; The coin has built-in protection against fraudulent activities, as well as against double-spent of funds and refunds at the end of transactions; - The use of Bytecoin's deflationary scheme. The final number of cryptocoins is limited by the creators. It is gradually becoming more and more difficult to mine bytes, which after a while should lead to a rise in the value of the currency. Lots of team members; Decentralized network

Disadvantages

- Very low cost of the coin; - Lack of investments from large companies; - Not for the short term investment. No physical backing; Lots of features not completed

Rating

User rating User rating 4.5 / 5 2 user reviews User rating 4.7 / 5 3 user reviews
Cryptogeek rating Cryptogeek rating 4.6 / 5 Cryptogeek rating 4.4 / 5
Advantages Advantages - Ensuring the security of users' funds, storing them in the form of Bytecoins. Users' digital coins are protected by an advanced cryptographic encryption algorithm; - Protection of personal user information when performing financial transactions; - Possibility of crypto mining both on the processor and on a mid-level video card, which makes it possible for a larger number of users to plunge into the world of mining; - All transactions are carried out instantly and there is no commission; The coin has built-in protection against fraudulent activities, as well as against double-spent of funds and refunds at the end of transactions; - The use of Bytecoin's deflationary scheme. The final number of cryptocoins is limited by the creators. It is gradually becoming more and more difficult to mine bytes, which after a while should lead to a rise in the value of the currency. Advantages Lots of team members; Decentralized network
Disadvantages Disadvantages - Very low cost of the coin; - Lack of investments from large companies; - Not for the short term investment. Disadvantages No physical backing; Lots of features not completed

Bytecoin (BCN) user rating is 4.5, based on 2 user reviews. Skycoin (SKY) user rating is 4.7, based on 3 user reviews.

We also calculate the special Cryptogeek TrustScore based on the characteristics of each coin.

We choose the winner based on our TrustScore Rating. Please remember, it’s still up to you which company to choose! How do we calculate Trust Score?
Trust Score: 4.4 / 5 Write review
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Bytecoin (BCN) features

At the moment Bytecoin (BCN) price is 0.4. Its 24h volume is 27,093.90025. 24h price change is 6.98.

Bytecoin (BCN) max supply is 100,000,000,000.0. The circulating supply is 100,000,000,000.0.

Bytecoin (BCN) transaction speed/block time is 500.

Mining profitability is low.

Bytecoin (BCN) Cryptogeek user rating is 4.5, based on 2 user reviews.

Skycoin (SKY) features

Skycoin (SKY) price is 1.9993. Its 24h volume is 0.0. 24h price change is 0.7.

Skycoin (SKY) max supply is 100,000,000.0. The circulating supply is 100,000,000.0.

Skycoin (SKY) transaction speed/block time is 300. Block reward is 0.0.

At the moment the number of coins mined is 11,000,000.0.

Skycoin (SKY) Cryptogeek user rating is 4.7, based on 3 user reviews.

Some basic rules

When trading cryptocurrency, you should take into account the following rules:

Keep track of emotions

Put emotions aside and do not try to run after prices - the time will come and your token will go up. In a bull market, each asset has its finest hour.

Beware of hype

Transparency in the cryptocurrency market is a scarce commodity. Be on the lookout for everything you hear critically, and think about the possible reasons for the newsmaker before spreading the news.

Study the topic yourself, taking into account other people's opinions. Take the news critically. People name different reasons for the recent decline in the cryptocurrency market - these are :baseCompany futures, the Chinese New Year, the loss of interest in :baseCompany, and the downside game by large players ... However, it is possible that the whole thing is false news.

Don't be taken in by false news

An important lesson: do not believe the news, study the topic yourself.

Apply investments diversification strategy and risk management

Diversification is one of the oldest and most important concepts for an investor. Here's how to do it.

  1. Low risk, high market capitalization: 40% of your portfolio. These are the safest and most stable investments, 10 leading tokens. Popular options: :baseCompany, :compareCompany, Neo, and so on. These tokens most likely have a great future, and in the event of market volatility, they will be least affected.
  2. An average risk, average market capitalization: 30% of the portfolio. These are promising and developing projects with great growth potential from the top 50. Popular options: VeChain (VEN), ICON (ICX), Omisego (OMG), and so on.
  3. High risk, low market capitalization: 30% of the portfolio. Here we are talking about active trading and highly profitable instruments, and constant attention is required. This category may include, for example, Red Pulse (RPX) and Internet Node Token (INT).

Lesson: never put all your eggs in one basket.

Do not store tokens on exchanges

Lesson: while tokens are stored on the exchange, do not consider them as yours.

On this page, you can compare Bytecoin (BCN) with Skycoin (SKY). Which coin is better to buy now? What will be the better investment?

You can read more about cryptocurrency investment strategies in this article. Some additional rules you can also find here. Finally, you can read about the top 10 trading mistakes leading to failure in this article.