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Review on Bitcoin Diamond by ali moradalian
What features will Bitcoin Diamond have? Privacy Protection: Encrypting the…
What features will Bitcoin Diamond have?
Privacy Protection: Encrypting the amount of account assets and transaction amount that can protect the privacy of individuals and trade secrets of financial institutions. This new encryption can guarantee the safety and confidentiality of business activities.
Fast transaction confirmation: Because Bitcoin Diamond's size is 8 megabytes, there will be a high capacity for transactions, which will increase transaction confirmation speed over the entire Bitcoin Diamond chain.
Reducing user entrance fees: The fact that Bitcoin Diamond coins are 10 times better than bitcoin reduces transaction costs and costs, and makes it easier for new users to log in.
Pros
- Bitcoin, although the most famous currency in the world, is not without fail. Unfortunately, the Bitcoin transaction processing process takes a lot of time and, as prices change quickly, it creates problems in trading. This is due to the fact that the bitcoin blocks are limited to 1 megabytes, 3 transactions per second. But on the other side Bitcoin Diamond has blocks of 8 megabytes that speeds up transactions five times. In this way, the cost of bitcoin diamond transactions is much lower than the cost of bitcoin transactions
Cons
- Whatever the criticism of Bitcoin Diamond is that the team is unidentified behind it, because the anonymity of Beethoven's founder still makes many people do not trust the currency, and there is the impression that a sabotage team is behind it.
