On Friday May 17, Bytecoin, one of the oldest privacy coins in the crypto space, successfully underwent a scheduled hardfork and poised itself to integrate a number of features and platform improvements that were part of the platform’s Amethyst update.
This was a uncontested hardfork, meaning that it was mapped out in advance and intended as a means of refining the Bytecoin platform rather than dividing it. Once 90 percent of the blocks in a 720-block frame were submitted via the new version of Amethyst software it triggered the switch height of the blockchain, which in turn initiated the hardfork.
Though long planned, the fork was nonetheless substantive as it has formally initiated changes to the platform laid out in the Amethyst 3.4.2 software update. While Bytecoin’s maximum coin supply has not been altered in any way by the hardfork, now both new and old Bytecoin addresses work properly and can be used to transfer funds amongst each other.
Moving forward, this hardfork will set the stage for a number of features and…