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5 Review
9 Karma

Review on Bitcoin Diamond by Lisa Drechsler

Revainrating 4 out of 5

Bitcoin Diamond shares a similarity with its parent Bitcoin, and that is in…

Bitcoin Diamond shares a similarity with its parent Bitcoin, and that is in the anonymous nature of the founders. Bitcoin was created by Satoshi Nakamoto, a pseudonym for a programmer or group of programmers. Similarly, Bitcoin Diamond was created by developers using pseudonyms.
In this case there are three, with two identifying themselves as “Evey” and “007”, and the third remaining fully anonymous. It was later mentioned that the names actually referred to development teams, and that the likely location of the Bitcoin Diamond Foundation is Singapore



Pros
  • It’s a faster cheaper way to send money– One of the key reasons for the creation of Bitcoin was to make sending money easier and cheaper. Bitcoin Diamond has certainly accomplished that, and it is both faster and cheaper than Bitcoin. In fact, it is cheaper than most cryptocurrencies, primarily due to its low value when compared with other major cryptocurrencies.
Cons
  • The threat of being hacked and losing tokens – This is a risk with any cryptocurrency, and if you’ve been following cryptocurrencies for any length of time you know how vulnerable any coins held at an exchange are. If you’re going to accumulate Bitcoin Diamond make sure to store them in your own wallet, and preferably on a hardware wallet.

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