Trade BCD - BCD Markets, Exchanges, Broker
The Bitcoin Diamond is a new crypto currency and has successfully split off after another fork. The Bitcoin Diamond was introduced after Block 495.866. And shortly after the fork from Bitcoin to Bitcoin Gold. This new crypto currency is already tradable on over 30 online exchanges.
Bitcoin Diamond and Bitcoin
The Bicoin Diamond development team is largely unknown. And they just call themselves the "Bitcoin Diamond Foundation Team". Unlike Bitcoin, Bitcoin Gold, Bitcoin Cash and Bitcoin Private, the number of coins is 210 million instead of 21 million units per crypto currency.
After 9 years of rapid Bitcoin development, high transaction fees and Bitcoin no longer meet the needs of an increasing number of customers and members. Different types of problems have arisen, consisting essentially of the following aspects. 1. slow transaction confirmations and 2. high threshold for new members.
Furthermore, Bitcoin Diamond (BCD) is a branch of Bitcoin that has occurred at the specified height of block 495.8666. And so a new chain has generated as BCD. Bitcoin Diamant's miners begin creating blocks with a new proof-of-work algorithm. And these develop and improve transaction speed based on Bitcoin's original features (functions) on an ongoing basis.
Therefore, sufficient branching of the Bitcoin blockchain has been caused. The original Bitcoin blockchain continues unchanged. However, a new branch of the blockchain is separated from the original chain. It shares the same transaction history with Bitcoin until it starts branching. And to get into a unique block from which it deviates. As a result of this process, a new crypto currency has been created called Bitcoin Diamond.
210 million units of Bitcoin Diamond
As the total amount of Bitcoin Diamant is 210 million units, there is no further increase at the beginning. 170 million units, 1 Bitcoin, 10 BCD Coins are presented to Bitcoin owners for long-term Bitcoin ecosystem support. The remaining 40 million coins are automatically transferred to the community bonus pool as tributes and mining.
The advantages of Bitcoin Diamond
1. fast transactions: Adding a lighting network results in faster transactions. The payment channels do not require trust to realize a very large real-time transaction network.
2. reduction of transfer costs: Currently, the high transaction fees have become a great resistance. And have also made the volume of Bitcoin extremely difficult for users to choose Bitcoin.
3. reducing the cost of participation: the current situation is the overpriced price of Bitcoin. As well as the total amount of Bitcoin Diamond and secondly the price that initially involves more people to participate in the Blockchain world.
Conclusion
The primary goal of Bitcoin Diamond is to become the better Bitcoin. This new crypto currency BCD was created by a fork in November 2017. In contrast to Bitcoin and its spin-off crypto currency (Bitcoin Gold, Bitcoin Cash and Bitcoin Private), the number is limited to the high sum of 210 million units. Unlike Bitcoin and its subsidiaries, where the total number of units is 21 million. What do you think of this new crypto currency? Do you see the high number of coins as an advantage or rather as a disadvantage compared to the Bitcoin?