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Review on Bitcoin Diamond by Lettie Peck
It’s a faster cheaper way to send money– One of the key reasons for the…
It’s a faster cheaper way to send money– One of the key reasons for the creation of Bitcoin was to make sending money easier and cheaper. Bitcoin Diamond has certainly accomplished that, and it is both faster and cheaper than Bitcoin. In fact, it is cheaper than most cryptocurrencies, primarily due to its low value when compared with other major cryptocurrencies
Pros
- The aim in creating Bitcoin was to create a completely decentralized digital currency that made transactions faster, cheaper, more reliable, and more private than current financial transactions. While Bitcoin did realize those aspirations, there’s no doubting that it isn’t perfect, and that changes can be made to improve on the original Bitcoin implementation. At the release there were 170 million Bitcoin Diamond released, with the remaining 40 million being held in reserve for mining rewards. It was also stressed by the developers that Bitcoin Diamond was not created as a competitor to Bitcoin, but is rather more of a dividend for Bitcoin holders, and is making an effort to increase cryptocurrency adoption and use
Cons
- Mining Bitcoin Diamond first requires you to download and install the core client. Understand that this means you’ll be downloading the entire blockchain to your computer to become a node. the status of network congestion and collision late in dealing happen frequently. it inconveniences in daily life. It is not yet perfect in everyday applications
