Review on Bitcoin Diamond by francis fernandez
Bitcoin Diamond-surpassing the Bitcoin network
In a world of growing business opportunities; It is necessary to have a currency that, in addition to being stable in value; be accessible and easily manageable.
Fiat money solves some of these problems, however cryptocurrencies could be the universal solution to these problems; Being a digital asset that does not require physically moving large amounts, it can be managed quickly and securely through a decentralized open source blockchain wallet.
The first step to the crypto market was taken by Bitcoin in 2009 and today it continues to innovate in this industry.
Bitcoin Diamond is a digital currency that was born as a result of a modification in the base code of the Bitcoin software.
The Bitcoin Diamond is a cryptocurrency of worldwide use that can be used as a means of payment to buy goods and services shipped at home and with relatively low transaction costs. Most importantly, no currency conversion is required to pay.
Bitcoin Diamond is recognized as a fast, reliable platform with cheaper transaction fees.
What is the secret behind the speed of Bitcoin Diamond transactions?
In a blockchain, the speed of operations is directly proportional to the size of the block. What makes Bitcoin Diamond transactions faster is that unlike others, its block size is larger. This makes your operations agile.
What is known about Bitcoin Diamond mining?
For the mining process in this cryptocurrency, the use of ASIC mining pools is recommended; since by being faster in mining the user can obtain greater rewards.
Although you can also mine Bitcoin Diamond with graphics cards like Nvidia.
Pros
- Transaction validations happen very quickly; so there are no delays or waiting time.
- Being part of the Bitcoin network it has a reasonable security profile that minimizes the risk of electronic fraud.
- Being a virtual currency it is easy to access and manage from a wallet.
- It is accepted in more than 33 exchange networks.
Cons
- Has limited mining to weigh inflation.
