Review on Bitcoin Diamond by Sanjeev Mishra
Bitcoin Diamond (BCD) is a fork of the premiere cryptocurrency, Bitcoin but…
Bitcoin Diamond (BCD) is a fork of the premiere cryptocurrency, Bitcoin but with an aim to shorten processing times as well as lower processing fees. Compared to the leading cryptocurrency, Bitcoin Diamond is utilizing bigger block size limit at 8 MB to improve transaction capacity and generate data five times faster which in turn allows for lower transaction fees.
Pros
- Bitcoin Diamond differs from the original Bitcoin with partial confidentiality and faster confirmation of transactions. All this, according to the developers, will allow BCD to have all the prospects to become the leader of the cryptocurrency market.
Cons
- Lack of privacy protection, Slow transaction confirmations, High thresholds for new members.
