Review on Bitcoin Diamond by David Olayide
The Bitcoin Diamond Hard Fork Might Be A Good Investment Indeed
Personally, I find it a little weird that over the years, the term bitcoin has expanded to encompass a lotof projects which have been built based on the bitcoin structure. These hard forks as they are called are derived from the primary bitcon network and so, they share some of the properties of bitcoin. But make no mistake about it, they are far different from bitcoin. You have most likely heard of Bitcoin Cash which is one of the most popular hard forks, but for now I will be sharing my thoughts on Bitcoin diamond.
So yeah, bitcoin was formed and created in a bid to improve on some of the perceived flaws of bitcoin such as transaction speed and the charges. Now most crypto enthusiasts, traders and investors like myself will agree that trading bitcoin these days have become very expensive. And this is majorly because of the recent surges in the price of bitcoin. It is almost impossible for a normal trader with average means to acquire one whole bitcoin for themselves.
Bitcoin diamond however, is much cheaper and easier to access. The transaction fees you incur while trading bitcoin diamond (BCD) is very minimal in comparison to bitcoin. I have discovered during my use of the coin, that transactions involving BCD is very fast and does not delay like that of Bitcoin. I can say it is also perfect for investment because it is very cheap and affordable now. This is actually the best time to buy some in case the price comes up later. You can purchase Bitcoin Diamond (BCD) from exchange sites like Bittrex, and Binance and many others.
You can then store your coins in a Bitcoin diamond wallet, Electrum, or make use of hardware wallets such as the Legder Nano wallet. It is quite hard to mine bitcoins, but not so on BCD. Mining is less stressful and demanding as it is for Bitcoin. All you need is your GPU and you are set to go. I intend to mine BCD as soon as possible too.
BCD promises privacy features for its holders. However when I examined the network I still found some loopholes and I hope they actually improve the privacy and anonymity features as soon as possible if not they might lose the confidence of their investors for failing to keep promise of a more private network. Finally BCD is a good investment and I advise friends to seize the opportunity to invest.
Pros
- Faster transaction time than that of Bitcoin
- It is easier and less stressful to mine BCD without sophisticated hardware
- The cheap price makes for good investment opportunities
- The transaction fees are relatively low
Cons
- BCD is not well recognized and trusted by millions of people yet
