Crypto Daily have secured an exclusive interview with Jenny Goldberg, the Chief Marketing Officer at Bytecoin. Jenny answers a number of questions in order to help us all understand exactly how Bytecoin is growing and what’s next for the Bytecoin project.
Hey Jenny, so why don’t we start at the very beginning. Who are you? What’s your story? And what is Bytecoin?
Hey! Thank you for interviewing us! I am Jenny Goldberg, CMO for Bytecoin. The Bytecoin team launched the first ever anonymous cryptocurrency and blockchain back in 2012, building off a foundation provided by CryptoNote technology. Since then the Bytecoin team has remained a bulwark of privacy in the crypto community. Recently we have been refining our product, as is apparent in our latest updates, which have made the Bytecoin Gateway project possible.
You mentioned the Gateway project there. Can you explain to everyone what that is?
The Gateway Project is a blockchain bridging feature that can generate currencies that are distinct from, yet correspond to, Bytecoin. This technology has been around for some time now. You can see a good example of how this works in Tether and other stable coins. What stable coins do is they take assets and emit derivative coins on different blockchains. This is done to anchor the value of a cryptocurrency with an asset that is relatively more stable. The result is a hybrid with increased functionality.
And in what way is Bytecoin planning on using this technology?
Bytecoin gateways will be formed in a similar way to what you see with stable coins. To create a gateway a certain amount of Bytecoin will be used as the anchor to a new coin on another blockchain. The value of the new coin will be inherently linked to the Bytecoin used to generate it, but the new coin will be able to operate within the new set of parameters dictated by its own blockchain.
A potential Bytecoin Gateway would be composed of three p...