The Mysterious History of Bytecoin: Anonymous Founders & a Shady Premine2

Bytecoin has an appropriately sordid history for a Cryptocurrency that prides itself on privacy and anonymous transactions. It began life in 2014 – not 2012, as the developers originally and fraudulently claimed – as the first cryptocurrency based on the now ubiquitous CryptoNote application layer. Wholly independent from the similarly named Bitcoin, Bytecoin aimed to return cryptocurrency to its cryptic roots, providing users a truly anonymous peer-to-peer currency.

Nowadays, Bytecoin can be found on most major exchanges. But the prehistory of this proto-privacy coin contains a microcosm of the industry as a whole. Therefore, it might give clues as to the direction cryptocurrency will take in the future.

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