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Review on Bitcoin Diamond by Kelechi Agbai
In summary, Bitcoin Diamond has made some important changes to Satoshi's…
In summary, Bitcoin Diamond has made some important changes to Satoshi's software. BCD isn’t a perfect cryptocurrency but neither is BTC. However, each new idea brings us closer to a world where the transfer of important information is fast, easy and free! 2018 is the Year of the Fork, it’s a year for trying new things and seeing what works. These are very exciting times for cryptocurrency and I think hard-fork coins should be looked out for with great care.
Pros
- Following the long 9 years of Bitcoin development, we have witnessed a creation of a number of Bitcoin “alternatives”, such as Bitcoin Gold and Bitcoin Cash. Then came the Bitcoin Diamond, cryptocurrency launched by Team EVEY and Team 007 at a predetermined height of block 495866. With Bitcoin Diamond, you are assured better privacy protection and faster processing of transactions. The protection will be enhanced by the encryption of the amount and the balance. According to one of the developers of the software.
Cons
- As of September 4th to 6th when selloff started in the cryptocurrency market.The market is red with double-digit loses across the spectrum. Bitcoin Diamond, however, is by far the biggest loser among top 100 coins marking a decrease of 84% within that period. And as seen today the drop isn't stopping yet. This drop have so far generated some speculative interest in the future of BCD to me.
