Today, I will talk to you about Bitcoin Diamond, which was launched under the leadership of two Bitcoin mining groups named 'Team-EVEY' and 'Team-007'. I can say that the main purpose of this cryptocurrency, which was created as a result of a hard fork from Bitcoin's block 495866, is to find a solution to the high transaction fees and slow execution of Bitcoin.
Promising users faster transaction confirmations and a more secure platform, the Bitcoin Diamond community wanted to complement Bitcoin's weaknesses.
Before Bitcoin Diamond was launched, it received its initial support from the famous exchange Binance. Binance said in a statement that it will give 10 times as much Bitcoin Diamond to those who have Bitcoin, and they did.
Another issue I would like to mention is Bitcoin Diamond mining. Bitcoin Diamond mining is a system where transactions are made and confirmed, and new blocks are created. In Bitcoin Diamond, miners usually use the X13 algorithm, which occupies GPU miners, and the miners' reward system is 0.5 BTX per block.
Finally, I will compare Bitcoin to Bitcoin Diamond on a few topics :
supply amount : Bitcoin Diamond 210 Million, Bitcoin 21 Million
In Bitcoin Diamond, each block consists of 8MB, while in Bitcoin, each block consists of 1MB.
While Bitcoin Diamond is given 0.5 BTX to miners per block, in Bitcoin it is 12.5 BTC per block.
Bitcoin Diamond transactions faster and at lower fees compared to Bitcoin.
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