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Review on Bitcoin Diamond by Nathan Lynne
I genuinely hope this project sees better days and have invested in some BCD…
I genuinely hope this project sees better days and have invested in some BCD myself.
It's always exciting to invest in something new even if it is only a small investment.
I've seen heaps of articles claiming BCD look like a scam, But that's what everyone said about Bitcoin too. Take it all with a grain of salt and make the decision based on your knowledge.
Pros
- • Resolves the slow transaction issues faced with the parent BitCoin. •Lower transaction costs. • Helped decentralize mining to a degree, by moving to X-13 algorithm that allows use of basic GPUs. •210 Million max supply of which 170 Million were distributed and 40 Million for easier mining. (Relative to Bitcoin) Even though its young we see some potential that we haven't seen in some other tokens. The development team has released some of the right information to corral fears surrounding the token.
Cons
- • BCD is young. Less than a year old at this point. •I guess the low price is due to the lack of engagement from the development team. ( But we saw that from the parent coin too.) • BCD was created to resolve what some thought were flaws in Bitcoin, maybe there will be a better alternative in the near future.
