1 Level
6 Review
4 Karma
Review on Bitcoin Diamond by Georgia Davies
According to the Bitcoin Diamond’s roadmap the implementation of the Lightning…
According to the Bitcoin Diamond’s roadmap the implementation of the Lightning network, ‘finishing mainchain’ and ‘building BCD application ecology’ are scheduled for late 2018, and ‘Better Bitcoin’ is scheduled for the beginning of 2019.
Pros
- With bigger block sizes than the original Bitcoin and with the use of SegWit it is technically faster than Bitcoin. Its x13 algorithm enables GPU miners and excludes ASIC miners.
Cons
- Its website, social media accounts, and press releases are terrible. So much so that there is a lack of information available on the project. Improved privacy features, one of the projects key promises, were never established and have since been dropped for other developments. The coin has been ‘pumped and dumped’ multiple times. This may have something to do with BTC holders receiving 10 BCD for every 1 BTC when the blockchain was forked. It’s founders and the team are anonymous. The increased total coin supply reduces the value compared to the original Bitcoin.
