1 Level
5 Review
0 Karma
Review on Bitcoin Diamond by Sophie Taylor
The moment people hear the term cryptocurrencies, what ticks in their minds is…
The moment people hear the term cryptocurrencies, what ticks in their minds is Bitcoin. The meteoritic growth of Bitcoin, especially from 2016 to early 2018, is enviable. Now, everything that is associated with Bitcoin is winning a lot of trust. The same thing that happened to Bitcoin Cash is expected to replicate in Bitcoin Diamond.
Pros
- One of the key reasons why people are preferring cryptocurrencies to standard fiat currencies is the cost of transactions. Like other crypto networks, Bitcoin Diamond operates on a peer to peer basis. This means that both the sender and receiver are on the same network. By bypassing the centralized organizations such as banks, Bitcoin Diamond users are able to cut all associated profits.
Cons
- Notably, Bitcoin Diamond is still cheaper to use than most other cryptocurrencies. Because its value is still low, the cost of sending value is equally low compared to other high-value cryptocurrencies such as Ethereum, Bitcoin Cash, and Bitcoin.
