1 Level
6 Review
0 Karma
Review on Bitcoin Diamond by Demi Jackson
Bitcoin Diamond is a fork of the original Bitcoin blockchain. The fork aims to…
Bitcoin Diamond is a fork of the original Bitcoin blockchain. The fork aims to improve bitcoin in two major ways: it plans to add additional encryption to each transaction, and it plans to increase the default blocksize limit to 8MB. Ultimately, Bitcoin Diamond seems to have more in common with Bitcoin Cash (BCH) than legacy Bitcoin (BTC). It’s also not totally clear who’s behind the project, how the blockchain fork works, or what type of additional encryption is being used
Pros
- Max Supply: 210 million Distribution: Mining and claiming Mining Algorithm: SHA256 Block Time: 10 minutes Max Blocksize: 8MB Difficulty Adjustments: Every two weeks Max Transactions Per Day: 4.8 million SegWit: Yes Relay Protection: Yes Ultimately, based on these features, Bitcoin Diamond seems to have more in common with Bitcoin Cash than the original Bitcoin.
Cons
- Lack of privacy protection Slow transaction confirmations High thresholds for new members
