1 Level
6 Review
5 Karma
Review on Bitcoin Diamond by Madeleine Herbert
Bitcoin Diamond wanted to take things further, tweaking known faults in…
Bitcoin Diamond wanted to take things further, tweaking known faults in transaction times, fees, and late-stage coin adoption.
While neither coin can be easily spent in retail, they are easily exchangeable for Bitcoin, making them act somewhat like Bitcoin-based savings accounts. Their value will forever be tied to Bitcoin’s, but that’s not necessarily a bad thing.
Pros
- BCD is tradeable on Huobi, Binance, OKEx, Gate.io, and several other crypto markets, but isn’t as widely tradeable or accepted as BTC or BTG. BCD adds Segwit and Lightning network support, larger block sizes and a similar GPU-optimized algorithm to Bitcoin Gold. It also improves on transaction security and privacy. If you held BTC during the hard fork on November 24, 2017, you received Bitcoin Diamond at a 1:1 ratio with what you held.
Cons
- Bitcoin Diamond has a market cap of $168,601,174 as of August 19, 2018. This is based on a circulating supply of 153,756,875 BCD (out of a total supply of 210,000,000) and an exchange rate of $1.10. Just under $1 million BCD is traded daily on major exchanges, and its peak price of $99.19 occurred on November 255, 2017.
