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Review on Bitcoin Diamond by Thuy Hien
Bitcoin Diamond has raised the block size as part of a massive on-chain…
Bitcoin Diamond has raised the block size as part of a massive on-chain scaling approach. There is ample capacity for everyone's transactions. The speed of generating blocks will be increased five times and the ultimate goal is to improve transaction confirmation speed for the entire BTC blockchain
Pros
- Bitcoin Diamond has announced that it will expand its blocks to 8 MB, thereby increasing volume and reducing transaction costs, while also providing new block times up to five times faster.
Cons
- Trust: Hard-fork coins need to win the trust of the crypto community. No one knows who Team Evey and Team 007 are. A lot of users don’t think it’s legit and some even accused it of being a scam when it launched. Bitcoin Diamond will have to prove itself over the next few months or it could disappear completely!
