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Bakingham
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2 Karma

Review on Bitcoin Diamond by Olivia Jones

Revainrating 4 out of 5

Bitcoin Diamond hard fork project of bitcoin

These are significant changes that will have an impact on how the network handles new transactions. Upgraded systems will create a new coin. Those that do not comply will continue to use the outdated protocol. As a result, there are now two types of cryptocurrency. To make things clearer, consider 10 automobiles going along a road. One of the cars decides to make a right turn. Four other automobiles believe it's a good idea as well, so they turn right as well. The remaining five vehicles believe that turning right is a terrible idea, so they continue straight ahead. Instead of one group of automobiles driving in one direction, there are now two groups driving in opposite directions!

Pros
  • Bitcoin Platinum, Bitcoin Atom, Super Bitcoin, and even a Bitcoin GOD are all available.
  • The most well-known split is Bitcoin Cash (BCH), but several others have followed suit and entered the market.
Cons
  • Changes to the protocol are made from time to time. Because there is no central leader or administration for cryptocurrencies, protocol modifications are made by the cryptocurrency community. These are the users who help the network run smoothly and perform vital activities.

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