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In 1983, the American cryptographer David Chaum conceived an anonymous crypto-index and cryptographic electronic money called ecash. Later, in 1995, he implemented it through Digicash, an early form of cryptographic electronic payments which required user software in order to withdraw notes from a bank and designate specific encrypted keys before it can be sent to a recipient. This allowed the digital currency to be untraceable by the issuing bank, the government, or any third party.

In 1996, the NSA published a crypto-index paper entitled How to Make a Mint: the Cryptography of Anonymous Electronic Cash, describing a Cryptocurrency system, first publishing it in an MIT mailing list.

In 1998, Wei Dai published a crypto-index description of “b-money”, characterized as an anonymous, distributed electronic cash system. Shortly thereafter, Nick Szabo described bit gold. Like bitcoin and other cryptocurrencies that would follow it, bit gold (not to be confused with the later gold-based exchange, BitGold) was described as an electronic currency system which required users to complete a proof of work function with solutions being cryptographically put together and published.

The first decentralized cryptocurrency, bitcoin, was created in 2009 by presumably pseudonymous developer Satoshi Nakamoto. It used a crypto-index SHA-256, a cryptographic hash function, as its proof-of-work scheme. In April 2011, Namecoin was created as an attempt at forming a decentralized DNS, which would make internet censorship very difficult. Soon after, in October 2011, crypto-index Litecoin was released. It was the first successful cryptocurrency to use scrypt as its hash function instead of SHA-256. Another notable cryptocurrency, Peercoin was the first to use a proof-of-work/proof-of-stake hybrid.

Having helped numerous entities around the globe Buy and Sell Bitcoin, Alt. Coins, Cash and Bullion for decades, BYCTIO is your go to concierge for expert advice and service. Clients enjoy specialized consultation and one on one Bitcoin services.

We can help you receive free BTC Tokens through our Airdrop expert advice, turn on faucets that release free bitcoin and also show you how to get a job on-line earning Bitcoin by filling out surveys and more.

Practice Areas

BTC Buy/Sell

Buy and Sell Bitcoin Online with ease. Enjoy our free coin concierge service. No-fee consultation.

BYTCIO ICO

Secure your pre-order coins at super discounted rates. Existing clients only, registration is required.

General Counsel

Concerns about the legality of Crypto Currencies is not unwarranted. Allow us to counsel you.

BYTCIO Airdrop

Participate in our global BYTCIO erc-20 Token Airdrop. Receive free erc-20 tokens airdropped weekly.

BTC Arbitrage

Buy and Sell Bitcoin across multiple markets using our proprietary algorithms to keep the difference.

Alt Coins

New Alt Crypto Currency markets are opening all the time. But which ones are worth your time?

“In Cryptography we trust.” Satoshi Nakamoto

Crypto currency is now in it’s first decade and to many they feel as if the crypto boom is over, however nothing could be further from the truth. However most people have difficulty figuring out how to Buy and Sell Bitcoin Online. In market trading the old adage of “Cut your losses and let your profits run” still applies more than ever today. Every expert agrees that now is just the beginning of a new era where computing power will take over electricity as a necessary and fundamental resource without which, we as a human race, will not be able to survive.

Everyone wants to invest and Buy and Sell Bitcoin Online but at this point in time, when crypto is still in it’s infancy, it is still difficult to enter the currency markets. Buying and selling Crypto currencies is not as easy as it seems. Exchanges can be difficult and time consuming. Bitcoin ATM’s are far and wide and the whole process can be maddening. For example: How can you store your digital assets safely to prevent them from loss or theft?

At BYTC.IO we can help Buy and Sell Bitcoin Online at no cost to you. Allow us to be your online coin concierge where no questions are left un-answered. At BYTC.IO we can help you navigate the markets, buy and sell Bitcoin and all other crypto currencies with ease either in person or on-line. Enter the market from the comfort of your own home using a credit card. Access award winning advice and consultation. Participate in the BYTCIO airdrop and ICO (Initial Coin Offering) and much much more.

Firm Partners

Jillian Scotia

Jillian Scotia, Esq. is the managing partner of BYTCIO Cryptography, established in 1983. Jillian has been accredited by the multiple blockchain boards. As a leading specialist in the firm, Jillian uses her experience and personal relationships to get results for all BYTCIO’s clients. She is a talented and hard working coin concierge who never stops trying to bring another win for her clients.

Andrew moore

Andrew holds a Certified Blockchain Cryptography degree, and has over 18 years of experience as a Blockchain consultant in New York State. Andrew has personally handled quite a few high-profile ICO’s, both as a concierge as well as a client. He has represented over 100 Crypto Currencies and consulted with thousands of clients arranging their Bitcoin and Crypto Currency needs.

 

Robert Jordan

Robert might look like a sweet old man, but when he puts on the famous thinking cap, he becomes a cunning lion. You really want a guy like Robert on your team. Finding flaws in code and loose ends is what has made Robert famous in the New York district and beyond as one of the shrewdest, most highly skilled hackers in the business. Don’t miss his price predictions he is never wrong.