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Review on Bitcoin Diamond by Tyler Sanderson
The launch of Bitcoin Diamond occurred on November 24, 2017 when the Bitcoin…
The launch of Bitcoin Diamond occurred on November 24, 2017 when the Bitcoin blockchain reached block 495,866. The problem at the time (or one of the problems) is that the founders of Bitcoin Diamond had released nothing at that point. No whitepaper, no community formed, very little information, and as far as anyone could tell no blockchain because there was no source code released, or even a GitHub account at that time.
Pros
- Like other blockchains, Bitcoin Diamond is a decentralized network aimed at providing users a means to exchange value. Because it was forked from Bitcoin it shares similarities with the parent coin, although it has differences as well.
Cons
- At the release there were 170 million Bitcoin Diamond released, with the remaining 40 million being held in reserve for mining rewards. It was also stressed by the developers that Bitcoin Diamond was not created as a competitor to Bitcoin, but is rather more of a dividend for Bitcoin holders, and is making an effort to increase cryptocurrency adoption and use.
