July 10, 2026

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Privacy-Oriented Bytecoin Releases A New Roadmap

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Privacy-Oriented Bytecoin Releases A New Roadmap
CoinSpeaker
Privacy-Oriented Bytecoin Releases A New Roadmap

CoinSpeaker
Privacy-Oriented Bytecoin Releases A New Roadmap

Privacy-oriented bytecoin releases a new roadmap

The mysterious Bytecoin team has consistently focused their efforts on the development sector and continue to do so, in order to reinforce the technological foundation and move forward with the cryptographical aspects. Because of this, BCN will soon undergo a series of significant improvements.

For the roadmap, The Bytecoin team has set six milestones including a hardfork, a web wallet update, early support of hardware wallets, and two essential releases. The team is planning to implement a HD wallet, unlinkable addresses, and improve P2P protocol and signature scheme. The new Beta builds (v.3.4.0 Amethyst) are scheduled for release on December 12th, and the stable Amethyst version is going live on February 7th, 2019. The mainnet hardfork is scheduled for March 6th, 2019.

The alterations planned for Bytecoin’s codebase are poised to change the point of view on the CryptoNote technology completely, as the most provocative update is the introduction of auditable wallets, a feature that doesn’t coincide with the traditional logic of any CryptoNote-based coins. While the development team anticipates a lot of uses for this feature, they haven’t mentioned the utility of this feature. Another innovation that should be interesting for project followers is early support of hardware wallets.

The planned software improvements, as mentioned in Bytecoin’s blog, display the logical progression of work the team has shown in the past months, and these improvements probably represent the most diverse and innovation-rich roadmap so far.

Privacy-Oriented Bytecoin Releases A New Roadmap

The post Privacy-Oriented Bytecoin Releases A New Roadmap appeared first on Ohio Bitcoin.

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Bitcoin Solves Legal Marijuana’s Federal Banking Problem

SinglePoint and First bitcoin Capital partner up to solve payment problems in the legal marijuana industry by releasing a point of sale app.


High Priority Issue for the Legal Marijuana Industry

One of the lesser documented reasons for the rise of bitcoin’s price is the role it plays in the legal marijuana industry in the United States. The problem is that US local and federal law are at loggerheads over the legality of the money raised from the selling of legal cannabis products.

Cannabis & Bitcoin

While the tender may be legal in 29 states, it still remains illegal under federal law. This creates issues for point of sale and also where to deposit profits.  This has provided a role for bitcoin as an intermediary and as a potential store of value, with the legal cannabis industry having sales of $8 billion in 2016 you have to wonder where this money is being stored and where it is being invested.

SinglePoint + First bitcoin Capital = Fast Solution?

There is now tremendous momentum and demand for bitcoin acceptance as an alternative form of payment. In a news release this past Tuesday, SinglePoint CEO Greg Lambrecht stated:

This Joint Venture with First bitcoin Capital is perfect timing. bitcoin payments are catching on and cannabis dispensaries need a solution fast.

SinglePoint brings their expertise in distribution while First Bitcoin Capital provides their knowledge and experience with bitcoin and blockchain technology. The partners plan to distribute their offering as a downloadable application for point-of-sale machines. Hopefully, the companies will provide a relatively swift solution to Bitcoins transaction speeds.

bitcoin money

The offering would compete with other pot payment innovations such as cashless ATMs and dedicated prepaid cards.

Bitcoinist has followed the use of bitcoin in the cannabis industry since it became legal to buy cannabis in Washington, how bitcoin is just ‘too slow‘ for transactions and an examination of how bitcoin mixes with cannabis industry.

Will bitcoin provide a better solution for the purchase of Cannabis products in the US? Let us know in the comments below.


Images courtesy of Shuterstock

The post Bitcoin Solves Legal Marijuana’s Federal Banking Problem appeared first on Bitcoinist.com.