1 Level
6 Review
5 Karma
Review on Bitcoin Diamond by Susan Creech
The development team moved away from SHA-256 because it has become dominated…
The development team moved away from SHA-256 because it has become dominated by specialized ASIC miners that have centralized Bitcoin to some extent. Instead, Bitcoin Diamond uses an algorithm known as X-13 which is ASIC resistant and allows miners to use basic GPUs to help secure the network and provide verifications
Pros
- At the time there was all kinds of speculation that the coin was a scam. Some said that Bitcoin Diamond was only created to cash in on the Bitcoin name, while others claimed that you could lose your personal information by claiming the Bitcoin Diamond created by the hard fork. One change that was made, and we aren’t sure what the purpose is, is that Bitcoin Diamond was created with 210 million coins. That’s 10 times as many coins as Bitcoin
Cons
- So far there’s no real proof of any scams surrounding Bitcoin Diamond, although we’ll see that pump and dump action from the coin might be a reality. Let’s look deeper into what’s being self-labeled as the “Better Bitcoin
