Bytecent, a new platform that lets consumers earn rewards in a variety of ways, has been created by software developer Komcore as platform that allows companies to create rewards applications using blockchain technology. The free Bytecent software can be installed on Windows compatible PCs, and uses the power of the CPU to assist with maintaining the Bytecent network.
There are different ways in which users can earn Bytecent rewards. In exchange for their contribution to the network, they will be periodically rewarded with Bytecent; this is the most basic way for users to benefit. If running the Bytecent software is not possible, it is still possible to earn Bytecent by performing a variety o tasks; for example, installing apps or shopping at Bytecent-enabled websites. Bytecent aims to give cash rewards to users who complete these everyday tasks.
In addition to earning rewards, users can convert their Bytecent into cash and gift cards, including the option to be traded on the Bittrex trading platform for other cryptocurrencies. There is no expiration or limitation placed on the amount of Bytecent that can be accumulated or spent.
The launch of the Bytecent rewards network could provide a reason for people who are not yet blockchain or digital currency enthusiasts to adopt the technology, hopefully increasing the user base of Bytecent and possibly other cryptocurrencies. Komcore hopes this will make Bytecent popular, simultaneously presenting an opportunity for both consumers and companies to capitalize on any rise in value that is triggered by increased demand.