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Author Topic: Bytecoin 1.0.4 released (RPC Wallet)  (Read 84489 times)

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Offline DStrangeTopic starter

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Bytecoin 1.0.4 released (RPC Wallet)
« on: May 27, 2015, 04:42:51 PM »
Today, on 27 of May, the Bytecoin team has updated Bytecoin to version 1.0.4. The main part of the update is the Bytecoin RPC Wallet that substantially improves operation of third party applications and services in the Bytecoin network via RPC.

Thanks to RPC Wallet the merchandisers can easily connect their shops to the Bytecoin network and start automatically accepting payments. This service will also boost performance and simplify connecting exchanges and other third party services.

Main features of Bytecoin RPC Wallet:
  • Much attention has been paid to Wallet efficiency. Bytecoin RPC Wallet requires small amount of RAM for operation.
  • Being cross-platform, RPC Wallet can run as a daemon (Linux/OS X) and as a service (Windows).
  • RPC Wallet is capable of processing 3 times the amount of transactions per second (tps) compared to our previous solution, the RPC Simplewallet. The total amount of tps is now 60.
  • RPC Wallet supports approximately 10,000 remote connections. It greatly simplifies connection management for 3rd party applications.
  • Bytecoin RPC Wallet provides you high-level security. It is impossible to get access to Wallet’s private keys via RPC.
  • Developer-friendly and minimalistic interface allows for flexible setting any required functions via RPC-requests.
  • RPC Wallet can start up an internal node of the network, or it can use external node in case you need to save resources.
The Bytecoin RPC Wallet is more flexible and functional than Simplewallet RPC interface, superceding it. Therefore, Simplewallet RPC interface will be deprecated later on.

The Bytecoin release 1.0.4 contains refactored and optimized daemon. It enhances code modularity and allows us to tremendously increase software test coverage. The team has introduced a new multi-threading library that makes daemon behavior more predictable. It will be released as a stand-alone project later on. Moreover, we have improved console logging.

GUI Wallet has also been updated. Now it supports selection of color themes. It is also capable of flexible connection to remote daemon or start an in-process node.

Bytecoin RPC Wallet can be built from the sources or downloaded here

The discussion of the release can be found here

Offline DStrangeTopic starter

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Re: Bytecoin 1.0.4 released (RPC Wallet)
« Reply #1 on: July 04, 2015, 11:56:39 AM »

Roadmap detailed description:

Low-level API for ordinary and multisig transactions

Bytecoin low-level API interface provides 3rd party developers with a flexible access to CryptoNote transactions engine. It covers CryptoNote's core functions that allow to create, validate, sign, and broadcast any kind of transaction including multisig.

Instant transaction notification

With this feature CryptoNote transactions become real-time. When Alice broadcasts her newly created Bytecoin transaction to Bob, his wallet will immediately recognize it and update Bob's pending balance before the transaction is included in the blockchain.

Simplewallet migration to high-level API

Legacy simplewallet code is completely re-written with the new high-level API libraries. This allows new Bytecoin simplewallet to process blocks and transactions 20% faster. It also acts as a showcase for Bytecoin high-level API for wallets. As for the user experience, it still the same CryptoNote wallet you're all used to, with a whole new engine under its hood.

In-process INode for applications

INode interface is Bytecoin's high-level API library that provides network node functionality. Its in-process implementation allows to launch an instance of Bytecoin daemon inside any C++ application. As an example, it allows Bytecoin Wallet to run a native network node. What's more, if you have a local Bytecoin daemon running, INode will connect to it rather than create a new in-app instance. This update marks the start of Bytecoin lightweight wallet development, a long-awaited feature in CryptoNote ecosystem.

Bytecoin GUI Wallet

Bytecoin team has designed an elegant graphic wallet. Bytecoin Wallet is much more than just a user-friendly implementation of simplewallet's functions. Our team has spent months prototyping, running A/B tests, and focus groups. The result is the well-polished application focused on user experience.


E-commerce solution designed for highload

Bytecoin e-commerce solution offers a new integration scheme for businesses that operate with Bytecoin. It is a robust demonized RPC Wallet that is capable of receiving and sending thousands transactions simultaneously. Designed for highload, Bytecoin RPC Wallet meets the requirements of the most sophisticated business cases.

Daemon refactoring and optimization

The data serialization code among various CryptoNote components is significantly updated. This feature improves Bytecoin code maintainability and is extremely important for future updates. It enhances CryptoNote code modularity and allows Bytecoin team to tremendously increase software test coverage.

Improved console logging

Bytecoin logging module is largely updated and standardized, both in daemon and simplewallet.

Color themes

This update provides Bytecoin users with a new set of color themes for Bytecoin Wallet. Even though our main focus is hardcore protocol features, we believe it's time for CryptoNote to become more user-friendly.


High-level API for blockchain explorer

This API interface provides Bytecoin blockchain explorer functionality for any C++ application. It further decentralizes Bytecoin's infrastructure allowing anyone to easily implement block explorers.

New network library

The network layer is being migrated to a new library. Unlike epee library that has been used previously, the new solution makes node's behavior more predictable in runtime. This update splits network and worker threads and is a pre-requisite for multi-threading behavior optimization.

In-wallet blockchain explorer

A native blockchain explorer is coming right to your Bytecoin Wallet. It improves user experience, since all you may need to know about Bytecoin is already in your wallet.

In-wallet miner

An in-wallet miner is a long-awaited feature for Bytecoin Wallet. It simplifies mining in pools for average users and allows to start getting Bytecoins with a few clicks right in your wallet.


Network-wide real-time transactions synchronization

This feature allows Bytecoin nodes to synchronize the transaction pools (transactions that are not in blocks yet) network-wide. It improves network stability by addressing multiple sophisticated cases for newly created transactions. It also lays ground for the upcoming transfer features.

Tracking key import/export

The access to your Bytecoin wallet address is based on two private keys: tracking key and spending key. The former allows any party to learn your balance and all financial operations. This update extends the transparency-on-demand core feature and introduces a user-friendly way to export your tracking key or import the keys provided by other parties.

8-bit color scheme

A taste of good old 8-bit style is coming to our elegant Bytecoin Wallet. This color scheme is a tribute to the old Bytecoin website.


Multiple wallet addresses

Multiple wallet addresses is a secure scheme for payment identification. Implemented in Bytecoin RPC Wallet, it takes payment processing to a whole new level. It may well be the largest update to CryptoNote cryptographic protocol since 2012.


Instant transaction notifications through proxy INode

Instant transaction notification is coming to the proxying node module. The latter is the INode interface implementation for the wallet to work with the remote daemon. This is an important step towards lightweight wallets.


External keys for Bytecoin RPC Wallet

This update substantially extends Bytecoin RPC Wallet functionality allowing third party developers to securely pass private keys of the wallets to its API interface. This is a major feature that improves Bytecoin out-of-box security for various web applications.

Transaction comments

Transaction comments provide a functionality to enclose any message to the transaction that you are sending. Its content is going to be encrypted, stored in blockchain, and available only for the recipient.


Invoices are a usability enhancement for Bytecoin Wallet. They allow merchants and services to send an invoice directly to the user's wallet. Therefore, payment for the end-users is simplified to just a couple of clicks required to accept the invoice.


On-blockchain alias

Bytecoin team aims to give on-blockchain aliases a new perspective allowing you to create aliases for basically whatever you want.


P2P layer refactoring

This update isolates p2p and cryptocurrency protocols to further improve testability, modularity, and reliability. This update allows to create any p2p project on top of Bytecoin's network layer.

Higher daemon synchronization speed

The ambitious goal is to improve the speed of daemon synchronization from scratch by 500%. After this update there will be no need to distribute blockchain files, since there will be no time difference between synchronizing with the network and downloading blockchain from a server.

Higher block relay speed

The updated P2P layer allows to polish the way the blocks are relaid across the network. It ensures that all Bytecoin nodes are synchronized with just a neglectable delay.

Various work in progress

Full daemon refactoring

Another significant daemon refactoring that improves code modularity. It also increases blocks and transactions processing speed by roughly 15%.

Lightweight wallet

Lightweight wallets are able to operate with any network daemon that has allowed external applications access, and exchange wallet peerlists. They minimize the resource requirements and allow Bytecoin wallet to run on a large variety of platforms.

Colored coins and assets

Colored coins are the next big thing in cryptocurrencies and is the next significant step for CryptoNote. They will allow Bytecoin users to create and distribute various securities and digital assets.


Alerts are a handy feature to ensure that all Bytecoin network nodes are notified on software updates and important notes from the Bytecoin developers.

SOCKS-proxy for wallet

Native SOCKS-proxy support for Bytecoin wallets connected to remote daemons.

P2P pools

With all the updates mentioned above we expect Bytecoin network to significantly increase. P2P pool is a temporary sidechain that implements decentralized pooled mining, which is important for network decentralization.

Turing-complete language for on-blockchain scripts

This update is on the early prototype stages. We aim to provide a brand new Turing-complete language and an interpreter capable of powering CryptoNote's smart contracts.

Offline DStrangeTopic starter

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Re: Bytecoin 1.0.4 released (RPC Wallet)
« Reply #2 on: July 15, 2015, 03:34:17 PM »

Bytecoin Team has just updated Bytecoin to version 1.0.5. The following features have been introduced:

Bytecoin Reference Client

1. Real-time transactions pool synchronization is a solution, which guarantees that all network nodes have similar unconfirmed transactions lists. As soon as one node receives user's transaction, it ensures that this transaction is included into transactions pools of all nodes. Therefore, every miner will have a complete unconfirmed transactions list. Read more in our blog post:

2. New network library with network code operating significantly faster than the existing solution. It allows for increased stability of data exchange between the nodes in runtime. We are planning to release this library as a stand-alone project so that any p2p app developer can use utilize it.

3. Block Explorer high-level API has been added to our APIs. With its help, developers will be able to create services that obtain data directly from the blockchain. We've used this interface to integrate Block Explorer into the Wallet. Read more in Bytecoin Wiki (

4. A new method "list_transfers" has been introduced in Bytcoin RPC Wallet allowing to receive all incoming transactions regardless of their payment_id.

Bytecoin Wallet

5. In-wallet integrated miner and block explorer. These features turn Wallet into an integral 'control center' allowing to receive and send transactions, mine BCN using any pool, and navigate inside in-app block explorer.

Links - Download Bytecoin - News post: Bytecoin 1.0.5 Released - Blog post: Unconfirmed Transactions Pool Synchronization Solution - Bytecoin Roadmap - Bytecoin Wiki


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