1 Level
11 Review
1 Karma
Review on Bitcoin Diamond by Anh Hoa
Following the Bitcoin Diamond fork, the Diamond coin entered the market in…
Following the Bitcoin Diamond fork, the Diamond coin entered the market in style! One week after the fork, one Diamond coin was worth 61.71 USD. By November 25, the price had gone up to 91.47 USD!
Unfortunately, this didn’t last and prices began to go down across the market throughout January 2018. The price of Diamond coin has since dropped to an unimpressive 1.86 USD.
Pros
- Lower transaction fees: Each transaction on the Bitcoin network is charged a fee. The fees for transactions have become very high in recent years. Cryptocurrencies are supposed to help users avoid paying high bank-transfer fees so Evey and 007 felt that Bitcoin’s fees should be going down, not up!
Cons
- Adding on Lighting network to fast transaction. Do Not require trust of Payment Channels to realize a real-time, massive transaction network.
