Bytecoin BCN: Hidden Amounts Alpha

The 24th of October marks the release of alpha support for hidden amounts. This technology will ensure that transaction amounts will be concealed on the Bytecoin blockchain. Transaction amounts don’t explicitly disclose any sensitive information, but the information they do disclose is often unwanted. This addition is aimed at preventing outside parties from tracking transactions with large or uncommon amounts. This technology will also reduce the average size of transactions with multiple inputs while increasing the level of anonymity in the system, as well as reducing the number of generated output coins per transaction. That will potentially slow the growth rate of the blockchain, leaving it compact for the time being.