1 Level
5 Review
0 Karma
Review on Bitcoin Diamond by Bradley Wright
Bitcoin Diamond is legal in most countries. Because most countries are yet to…
Bitcoin Diamond is legal in most countries. Because most countries are yet to craft clear guiding frameworks, Bitcoin Diamond and other cryptocurrencies remain legal. This implies that you can buy, hold, and even trade in Bitcoin Diamond related activities without worrying about breaking the law. However, some countries are not taking the threats from cryptocurrencies lightly. Here is a close look at the Bitcoin Diamond and other cryptocurrency regulation in various states.
Bitcoin Diamond does not have consumer protection. When developers finish working on the core code and release it to the crypto community, the ownership changes forever. Though the lead team still maintains the role of developing the network and maintaining most decisions are arrived at through consensus.
Pros
- Blockchain technologies and encryption solutions provide the latest and most reliable solutions to problems such as Big Data that have refused to go away for many years. This means that no administration is willing to go hard on blocking the channels that are yielding reliable solutions. Blockchain technologies and encryption solutions provide the latest and most reliable solutions to problems such as Big Data that have refused to go away for many years. This means that no administration is willing to go hard on blocking the channels that are yielding reliable solutions.
Cons
- The cryptocurrency is marketed as a better option compared to Bitcoin. Because of the huge success associated with Bitcoin, any notion that it is an improvement is endearing it to the followers. Bitcoin Diamond transactions are faster and cheaper compared to top cryptocurrencies such as Bitcoin Cash and Ethereum. The fact that the value of BCD is still small and it has a relatively bigger block size (8mb) compared to Bitcoin means that the transactions fee is lower.
