ByCoi.io (BYC) was created as a cryptocurrency within BCB Coinstrike Limited to become a global payment token. When used in your wallet, BYC can be sent to any users with an account for a fixed transaction fee (currently 0.1% of the transaction value) which is considerably lower than the traditional bank and credit card fees. Now we have launched BCB Exchange and BYC can be bought, sold and traded via a centralised European exchange for fiat or other cryptocurrencies like BTC and soon ETH.
Security
Our private blockchain and blocks are signed by multiple permitted validators, using an appropriate scheme to prevent non-consensual control. The software uses a technique called “smart filters” which validates the transaction based on users' consensus. Read the ByCoi.io whitepaper.
Speedy transactions
By using smart filters that define both transaction and stream filters and being written in JavaScript and running on the same version of Google's V8 JavaScript engine, it ensures transaction to propagation within 1-2 seconds.
Secure wallet
Our website is secured with an EV SSL certificate by Comodo®. Your wallet is secured by 2-factor verification using your registered email and mobile phone. We are using PBKDF2 algorithm with 1000 iterations of hashing password. We do not store private keys of wallets.
Warranty
There is USD 20.000 warranty to individuals whose sole reliance is placed on the information contained in a Comodo-issued Certificate and results in a loss of money due to a fraudulent charge to your credit card. Further information.
Low transactions fees
Since there is no need for miners, where expensive computation of complex mathematical calculations take place, the fee for any completed transaction is therefore only 0.1% split between the users.
Mandatory KYC
All users must complete an ID-verification using their personal valid ID and a live 3D face biometric image captured to compare and match. All identification data is stored under ISO 30107-3 Level 1.