1 Level
5 Review
3 Karma
Review on Bitcoin Diamond by Emiko Nasser
However, it can be pointed out that the Singapore-based Bitcoin Diamond…
However, it can be pointed out that the Singapore-based Bitcoin Diamond Foundation, the team behind BCD is currently not publicly revealed aside from the fact that it was developed by three teams, Team Every, Team 007 and one team that remained anonymous.
Due to the said scenario, majority of crypto users are skeptical on whether to try Bitcoin Diamond or not since very little is still known behind the cryptocurrency. Likewise, users are wary of the fact that forked versions of cryptocurrencies are usually being preyed by scammers to claim their haul of free coins.
At present, Bitcoin Diamond also doesn’t have any official wallets yet.
What’s Lifting BCD?
The fast-rising crypto has a market cap of $373 million against a circulating supply of 152953625 BCD and a maximum supply of 210 million. It’s currently ranked 32nd, making this mineable coin a great candidate for further growth.
Bitcoin Diamond was first traded on 24th November 2017 and has suffered market declines just like other cryptos. By then the coin traded at $69.30. It then slumped to an all-time low of $1.97. The coin flatlined for a while, between mid-March and the end of the month, before this week’s uptrend kicked in.
Pros
- Welcome to my beginner’s guide to Bitcoin Diamond, where you’ll learn everything you need to know about this exciting new coin. Over the years since Bitcoin was created, numerous new cryptocurrencies have been formed from the Bitcoin network. The process in which they are formed is called a hard fork. The most famous Bitcoin hard fork is probably Bitcoin Cash (BCH) but plenty of others have followed it on to the market. There’s Bitcoin Platinum, Bitcoin Atom, Super Bitcoin and even a Bitcoin GOD! Some people are calling 2018, “The Year of the Fork.” So, now is a great time to start learning about them! In this guide, I’m going to tell you about a hard fork called Bitcoin Diamond (BCD). I’ll talk about who created it and why. I’ll also show you how it works and what makes it different from Bitcoin and other Bitcoin hard-fork coins. So, what is BCD?
Cons
- When you’ve finished reading, you’ll have all the information you need about Bitcoin Diamond. You’ll also have a good understanding of its place in the market and in the future of crypto. Let’s start with the basics though, so what is a hard fork?
