Header banner
Revain logoHome Page

Reviews

Global ratings 186
  • 5
    52
  • 4
    105
  • 3
    20
  • 2
    8
  • 1
    1

Type of review

Revainrating 4 out of 5

Bitcoin Diamond uses blockchain technology. After the hard fork on block 495…

Bitcoin Diamond uses blockchain technology. After the hard fork on block 495,866, a new blockchain branch was created. This will work just like the main Bitcoin blockchain but with major adjustments. The cryptocurrency employs Proof-of-Work algorithm that strongly relies on miners to confirm transactions, add them to the public ledger, and release new cryptos to the network.

Pros
  • One of the main problems that have characterized Bitcoin is centralization of mining. While the initial idea of decentralization is hinged on mining, the ever-growing demand for more hashing power requires users to acquire high-performance ASIC mining equipment. This places the ability to mine Bitcoin in the hands of ASIC equipment manufacturers. However, Bitcoin Diamond is ending this trend.
Cons
  • To mine Bitcoin Diamond, all that you need are standard graphic cards and installing them on your computer or laptop. This means that even people without a lot of money to invest in ASIC chips can also mine the Bitcoin Diamond network. This mode of operation has earned BCD a lot of trust across the globe.

Revainrating 4 out of 5

Note that unlike the original Bitcoin that requires miners to invest in…

Note that unlike the original Bitcoin that requires miners to invest in advanced and expensive ASIC mining equipment, Bitcoin Diamond uses X13 mining algorithm which means that you can use even the standard computer GPU. To raise the chances of confirming more transactions, you should consider joining BCD mining clubs. These are groups of people who come together to consolidate the hashing power and raise the chances of confirming more transactions. Note that the coins mined using pools are…

Pros
  • Mining at the Bitcoin Diamond network involves solving complex mathematical puzzles in order to confirm transactions for a reward. The Bitcoin Diamond network relies on miners to confirm transactions and build consensus on contentious issues. This means that miners are part of the network decision-making network that defines the direction that the network takes in most of the issues.
Cons
  • To mine the Bitcoin Diamond network, you will need to download and install the Bitcoin Diamond core client. This involves downloading the entire blockchain and installing it in your computer to become a node. Then, you will require an appropriate miner to start confirming transactions.

Revainrating 4 out of 5

Bitcoin Diamond is a decentralized cryptocurrency that aims at providing users…

Bitcoin Diamond is a decentralized cryptocurrency that aims at providing users with a peer2peer platform for sending value. The cryptocurrency was created as a fork of Bitcoin Core. This means that it shares a lot of functionalities with Bitcoin. The cryptocurrency employs Proof-of-Work algorithm which means that nodes/users/ miners spread in the network have to work to confirm transactions for a reward. They are also responsible for maintaining the network.

Pros
  • The development team released a total of 170 BCD to the public while the remaining 40 million will be used to reward the community through mining. Notably, the development team was quick to insist that the network is a not competitor to Bitcoin but only making an effort to help advance cryptocurrency adoption and use in the community.
Cons
  • When the cryptocurrency was created, a total of 210 million BCD were created. The main focus of creating Bitcoin Diamond was to address three primary things: Poor privacy protection. High threshold required for new members. Slow transaction speed.

Revainrating 4 out of 5

Cryptocurrencies such as Bitcoin Diamond are traded in the crypto markets…

Cryptocurrencies such as Bitcoin Diamond are traded in the crypto markets. These can be considered replica of the standard forex markets. However, they differ remarkably because they deal with crypto assets such as crypto coins and tokens. The following are the top markets where you can follow and trade Bitcoin Diamond.

Pros
  • This is one of the top cryptocurrency exchanges in the market. The market was created around mid-2017 by Changpeng Zhao to help address the challenges that users were facing trying to trade digital assets. Zhao was especially interested in ensuring that users can trade in utmost security and also pull down the operational costs. Between mid-2017 and early 2018, Binance grew rapidly and entered the top 30 cryptocurrency exchanges in the globe.
Cons
  • To make trading easy and cheaper, Binance also introduced its native token referred as BNB (Binance Coin). This token has been instrumental in facilitating faster adoption by the cryptocurrency community. The standard transaction fee at Binance is 0.1%. However, you can pull the cost further down to 0.05% by making payment in BNB.

Revainrating 4 out of 5

While the sharp drop in price from the peak of $94 in November 2017 to about $4…

While the sharp drop in price from the peak of $94 in November 2017 to about $4.5 in end of April 2018 might be scaring, the Bitcoin Diamond is still one of the best options out there. The bad performance has been linked to bad publicity related to forking Bitcoin. Besides, most Bitcoin holders dumped the BCD awarded to them causing an oversupply and downward price shift. However, the truth is that Bitcoin Diamond is a separate network that is focusing on progressively improving users'…

Pros
  • The selected trading platform should have a good and easy to use user interface. This will help you to have issues addressed fast and comprehensively without wasting reliable trading opportunities. The best selling and trading platforms include Binance, CEX.io, KuCoin, and Coinegg.
Cons
  • Where possible, consider selecting only the trading platform that insures or secures traders’ assets in cold storage. This helps to reduce the risk of loss in the event of an attack.

Revainrating 4 out of 5

One of the primary reasons for the fast growth of cryptocurrencies in the…

One of the primary reasons for the fast growth of cryptocurrencies in the market today is the promise to lower the transaction fee. While Bitcoin Diamond is yet to make the actual transaction cost clear, it is lower than what Bitcoin charges. This is made possible through a bigger block size and implementation of Segregated Witness technology.

Pros
  • Look for the platform that lists very many cryptocurrencies. This will give you endless opportunity to get profitable trading pairs. Only select the trading platform that has low transaction fees. This will allow you to keep the bulk of the profit made when trading different assets.
Cons
  • Identify the trading platform that has a great reputation among the cryptocurrency community. If the community is very satisfied with the platform, you can also expect to get similar satisfying results. Pick the platform that allows traders to move their crypto assets to their wallets immediately. This reduces the danger of getting attacked at the highly prone crypto exchanges.

Revainrating 4 out of 5

One thing that Bitcoin Diamond holders need to appreciate is that the trading…

One thing that Bitcoin Diamond holders need to appreciate is that the trading platforms are the softest underbelly of the entire cryptocurrency industry. They present an important point of interaction between non-regulated cryptocurrency networks and regulated trading platforms. Besides, most of them are run by third parties which mean they are highly prone to attacks. The chances of getting attacked at the trading platforms are very high compared to other areas of crypto operations. This…

Pros
  • When blockchain technologies were launched, one core target was to ensure they are tradable in the markets. The aim of the trading platforms is to ensure that any person with interest in cryptocurrencies can easily buy them to increase uptake and use. When Bitcoin Diamond was released, it looked feeble, and some platforms such as Bittrex and Bitfinex opted not to list it. However, this brought about a major problem. How would those with BTC in these no supporting exchanges recover their BCD
Cons
  • As a fork of Bitcoin, it meant that all the Bitcoin holders to the height of block 495,866 have to get a piece of the new crypto coins. For every Bitcoin holder, ten Bitcoin diamonds were allocated. This means that even if these markets did not want to list BCD, Bitcoin owners still had to get a way of allowing their users recover them.

Revainrating 3 out of 5

With me, even though BCD seems to be having a big trading volume on several…

With me, even though BCD seems to be having a big trading volume on several exchanges, there isn’t enough information on the crypto to invest with.

Pros
  • - Like we know, BCD is a hard-fork of BTC. This coin is basically based on BTC core and solve the problems of BTC as the anonymity and privacy issues. - It delivers faster transaction speeds than the original Bitcoin. - BCD is performing quite well on several big exchanges where it is listed
Cons
  • - Can not know what is the BCD created for ideological, monetary or technical reasons. - It’s founders and the team is anonymous. This makes it extremely difficult to pledge support for the coin. - Improved privacy features, one of the projects key promises, were never established and have since been dropped for other developments.

Revainrating 4 out of 5

Bitcoin Diamond (Symbol: BCD) is a fork of Bitcoin that occurs at the…

Bitcoin Diamond (Symbol: BCD) is a fork of Bitcoin that occurs at the predetermined height of block 495866, and there is a new chain will be generated as the BCD. Bitcoin Diamond miners will begin creating blocks with a new proof-of-work algorithm, and will consecutively develop and enhance the protection for account transfer and privacy based on original features of BTC

Pros
  • Bitcoin Diamond (BCD) has the market capitalization of $296 million and increasing as we are talking about it. It has 24 hours trading volume of $3.2 million while its 52 week average volume is about $21.9 million. At this point, Bitcoin Diamond (BCD) has circulation supply of 152.9 million coins, while its maximum supply reached at 155.9 million.
Cons
  • Technical Review Bitcoin Diamond (BCD) BCD currently has the rank of 43 in the crypto ranking, belonging to Finance sector. It is currently trading in 22 exchanges around the world. Bitcoin Diamond (BCD) is not a mineable crypto currency.

Revainrating 5 out of 5

The dynamics of the exchange rate and the capitalization of the coin, shown…

The dynamics of the exchange rate and the capitalization of the coin, shown over half a year of existence, do not inspire particular optimism. We will closely monitor the development of the BCD and inform you. If you want to invest in this coin, then perhaps you should not give it more than 1-2% of the total portfolio and be patient, as the road map of the project is painted up to 2020.

Pros
  • Analysts of the crypto market found in the appearance of the BCD Chinese footprint in the form of the owner of the largest in the Middle Kingdom cryptocurrency exchange Yan Lun Ke. Perhaps this is true, or maybe it’s just a successful marketing move designed to attract Asian investors and traders.
Cons
  • It is rather difficult to predict the fate of forks. An example of this is Bitcoin Gold which has not justified the hopes. At the end of last year Bitcoin Diamond was connected with not very good news, about fraudulent schemes involving coins. Nevertheless, the level of capitalization of the coin is quite impressive and today it exceeds 360 million dollars. But this indicator does not say anything, as we should not forget about the total number of coins, which already have been mined more than 156 million.

Revainrating 4 out of 5

This will cause a bifurcation of the Bitcoin blockchain. The original Bitcoin…

This will cause a bifurcation of the Bitcoin blockchain. The original Bitcoin blockchain will continue unaltered, but a new branch of the blockchain will split off from the original chain. It shares the same transaction history with Bitcoin until it starts branching and coming into a unique block from which it diverges. As a result of this process, a new cryptocurrency was created which we call “Bitcoin Diamond.”

Pros
  • Most users in the cryptocurrency community advise transferring your coins and tokens away from an exchange and into your own wallet. However, before choosing a wallet, check the fine print to make sure it actually supports BCD coins. Examples of wallets you could consider include Bitpie and BitGo. Anonymous team. The team behind Bitcoin Diamond has so far remained anonymous, which is far from unusual for a cryptocurrency project, but it may raise red flags for some prospective buyers.
Cons
  • Looking at the top twenty Neo is in the lead with a gain of 3.5% to $24 on the day. Nem is up just over 3% and the rest just a percent or two, with Tron and VeChain falling back slightly. Further down the list Bytecoin is up 9% but many of the rest are in the red. A massive spike for Bitcoin Diamond has seen it jump 190% to $3.82 in the past two hours. Volume has surged over 550% to almost $60 million from less than $1 million 24 hours ago. BCD price just tipped over $4 making a 200% gain before pulling back slightly.

Revainrating 4 out of 5

If you want to sell your BCD coins, you can do so by following a similar…

If you want to sell your BCD coins, you can do so by following a similar process to that outlined in step 3. Just remember to click on the link to “Sell BCD” rather than buy, and once again make sure to review all transaction details before submitting. It’s also important to point out that BCD is only available in a limited range of currency pairs, so it may not be possible to exchange your BCD immediately for the coin or token you want.

Pros
  • A fork is when a cryptocurrency's core code is modified. A "soft fork" is when something relatively minor is changed. Most of those passes by without any of us real-world users even noticing. However, occasionally a programmer (or usually a group of programmers) gets an idea that requires a major change to the core code. This doesn't erase the original coin. In fact, it doesn't alter it in any way. There is simply a split in the blockchain where a completely new coin is born. This split is known as a fork (as in "fork in the road").
Cons
  • While Bitcoin Diamond certainly sounds good, I am not sure if it's "true or not". We here at CryptoDetail love our cryptocurrencies to be sure. However, this fork has not really proven itself to us yet. With a little over $ 1,000,000 USD in daily transactions, it is clear that someone somewhere is using BCD. I just have not met any of them yet. And, unlike daily volumes for other numbers, we have to remember that forks are different in this regard.

Revainrating 5 out of 5

However, it can be pointed out that the Singapore-based Bitcoin Diamond…

However, it can be pointed out that the Singapore-based Bitcoin Diamond Foundation, the team behind BCD is currently not publicly revealed aside from the fact that it was developed by three teams, Team Every, Team 007 and one team that remained anonymous. Due to the said scenario, majority of crypto users are skeptical on whether to try Bitcoin Diamond or not since very little is still known behind the cryptocurrency. Likewise, users are wary of the fact that forked versions of…

Pros
  • Welcome to my beginner’s guide to Bitcoin Diamond, where you’ll learn everything you need to know about this exciting new coin. Over the years since Bitcoin was created, numerous new cryptocurrencies have been formed from the Bitcoin network. The process in which they are formed is called a hard fork. The most famous Bitcoin hard fork is probably Bitcoin Cash (BCH) but plenty of others have followed it on to the market. There’s Bitcoin Platinum, Bitcoin Atom, Super Bitcoin and even a Bitcoin GOD! Some people are calling 2018, “The Year of the Fork.” So, now is a great time to start learning about them! In this guide, I’m going to tell you about a hard fork called Bitcoin Diamond (BCD). I’ll talk about who created it and why. I’ll also show you how it works and what makes it different from Bitcoin and other Bitcoin hard-fork coins. So, what is BCD?
Cons
  • When you’ve finished reading, you’ll have all the information you need about Bitcoin Diamond. You’ll also have a good understanding of its place in the market and in the future of crypto. Let’s start with the basics though, so what is a hard fork?

Revainrating 5 out of 5

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

Revainrating 4 out of 5

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.

Revainrating 5 out of 5

As far as the aggregate supply, it appears that 170 million BCD will be…

As far as the aggregate supply, it appears that 170 million BCD will be accessible on the market, while the remaining 40 million will be held for a “community rewards pool as tributes and mining”. At last, the makers of Bitcoin Diamond underscore that their money isn’t a contender to bitcoin. They portray it as a fork with overhauled technology that jam the original highlights. The new security insurance comes in the type of extra encryption during the exchange. In the mean time, the moderate

Pros
  • What is Bitcoin Diamond? Bitcoin Diamond is one of a few competing renditions of bitcoin that have risen as of late. Much the same as comparable recommendations Bitcoin Silver and Super Bitcoin, Bitcoin Diamond guarantees to enhance bitcoin in various different ways. Numerous individuals anticipated that we’d see a surge in the quantity of bitcoin hard forks after the fruitful August 1 dispatch of Bitcoin Cash (BCH). In light of the presence of monetary standards like Bitcoin Diamond, that forecast has certainly worked out as expected. Is Bitcoin Diamond simply one more pointless hard fork? Or on the other hand does this proposition really have some legitimacy? We should investigate how Bitcoin Diamond functions.
Cons
  • How Does Bitcoin Diamond Work? Bitcoin Diamond, or BCD, is a fork of the bitcoin blockchain. The fork will happen at block 495866. Once that block happens, another BCD chain will be produced. Now, BCD miners will begin creating new blocks with another proof of work algorithm. There’s an aggregate supply of 210 million Bitcoin Diamonds. The price will be set at a rate of 1 BTC = 10 BCD. That is a 10 times higher aggregate supply than the original bitcoin blockchain. Indeed, even hard forks like Bitcoin Cash all have a settled point of confinement of 21 million units – all things considered, there’s just 21 million bitcoins in presence.

Revainrating 5 out of 5

Who is doing this fork? Bitcoin Diamond As per their official website, this…

Who is doing this fork? Bitcoin Diamond As per their official website, this fork is the result of a collaboration between two Bitcoin mining teams, Team 007 and Team EVEY, who joined to form the aptly named Bitcoin Diamond Foundation. Why has this fork happened? Namely, they have stated that the reason why they have forked Bitcoin is because they don’t see the actual Bitcoin scaling and serving the needs of growing users. They have forked BTC into Bitcoin Diamond because of following…

Pros
  • What is this fork called? Bitcoin did another hard fork, and the coin created this time is Bitcoin Diamond and is dubbed as BCD.
Cons
  • When has this fork happen? According to their official website, this new Bitcoin hard fork happened on 24th November 2017 at about 1:20 am Pacific Standard Time at block height 495866. It is a friendly fork. This means that it is not being done to compete with original Bitcoin. This new fork is done for reasons that I will explain further in this post. According to the official site: „Bitcoin Diamond (BCD) is a fork of Bitcoin that occurs at the predetermined height of block 495866 and therewith a new chain will be generated as the BCD. Bitcoin Diamond miners will begin creating blocks with a new proof-of-work algorithm, and will consecutively develop and enhance the protection for account transfer and privacy based on original features of BTC. This will cause a bifurcation of the Bitcoin blockchain. The original Bitcoin blockchain will continue unaltered, but a new branch of the blockchain will split off from the original chain. It shares the same transaction history with Bitcoin until it starts branching and coming into a unique block from which it diverges. As a result of this process, a new cryptocurrency was created which we call “Bitcoin Diamond”.“

Revainrating 4 out of 5

According to the Bitcoin Diamond’s roadmap the implementation of the Lightning…

According to the Bitcoin Diamond’s roadmap the implementation of the Lightning network, ‘finishing mainchain’ and ‘building BCD application ecology’ are scheduled for late 2018, and ‘Better Bitcoin’ is scheduled for the beginning of 2019.

Pros
  • With bigger block sizes than the original Bitcoin and with the use of SegWit it is technically faster than Bitcoin. Its x13 algorithm enables GPU miners and excludes ASIC miners.
Cons
  • Its website, social media accounts, and press releases are terrible. So much so that there is a lack of information available on the project. Improved privacy features, one of the projects key promises, were never established and have since been dropped for other developments. The coin has been ‘pumped and dumped’ multiple times. This may have something to do with BTC holders receiving 10 BCD for every 1 BTC when the blockchain was forked. It’s founders and the team are anonymous. The increased total coin supply reduces the value compared to the original Bitcoin.

Revainrating 5 out of 5

Important developments in BCD universe After BCD came into being, it has…

Important developments in BCD universe After BCD came into being, it has already found some support in the form of exchanges. 33 exchanges have agreed to list the new coin. Some of which are Binance, OKEX, Huobi.Pro and Bit-Z. EXX.com has even announced futures trading of Bitcoin Diamond. Wallets that are supporting BCD include BitGo, Bitpie, Coldlar and ATOKEN. On a technical front mainnet code upgradation has been completed and so has the mining algorithm. Mining pool interface and GPU miner

Pros
  • This is a submitted sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below. Hard forks can give birth to new cryptocurrencies and two new Blockchains. It depends then on the community surrounding these chains and the markets as to which one would become more ‘dominant.’ After a hard fork in usual cases holders of the original coin, also end up having the new coin. Bitcoin has had a number of hardforks this year, which include Segwit, SegWit2x, Bitcoin Cash, Bitcoin Gold and the latest being Bitcoin Diamond. While the changes brought in by SegWit allowed Bitcoin to continue on as the currency as it was, Cash, Gold and Diamond have created new currencies. Cryptocurrency forks like the ones that happened in Bitcoin usually require support from coin miners. In case of Bitcoin Diamond, for example, the fork occurred at block 495866 and was made possible by minders Team EVEY and Team 007. The motivations for creating forks can be different and can range from ideological to implementing ‘reforms.’
Cons
  • Giving birth to a new coin Bitcoin Diamond (BCD) has now its own chain and even a foundation that will support research and development related objectives. The currency has taken on a divergent road from its parent. The Bitcoin Diamond Foundation has already begun efforts to build a community around the new crypto. In a major development they have secured the help of Co-founder of BTCC, Linke Yang, who will act as an advisor. Yang’s help will help BCD gain ground in China. BCD Foundation informs Cointelegraph that they have already got community teams in place in China, Italy and Korea, while those in North America and Australia are being established. There are plans afoot to bring on board other experts to help conduct R&D activities. Bitcoin Diamond will have a total of 210 mln coins, which is ten times the number Bitcoin has, out of which 170 mln will be available for the markets and the rest would be utilized as a ‘rewards pool’ for the purposes of tributes and mining.

Revainrating 4 out of 5

it is not easy to discern whether the BCD is created for ideological, monetary…

it is not easy to discern whether the BCD is created for ideological, monetary or technical reasons. Currently, Bitcoin Diamond doesn’t provide the necessary development source code for exodus which provides a smooth experience for crypto users. BCD is controlled by an anonymous Bitcoin Diamond Foundation whose registration information and whereabouts remain unknown. Moreover, BCD has an anonymous and unproven development team. This makes it extremely difficult to pledge support for the coin…

Pros
  • The developers of this cryptocurrency have invested in the privacy part of the coin. The transaction amounts and balances of the BCD users are encrypted differently from how Bitcoin (BTC) does it. This privacy design of this coin is somewhat similar to that of Monero digital coin. The difference between this coin and BTC is that its supply is multiplied by 10. This means that while 1 million Satoshi = 1BTC, 10 million Satoshi = 1BCD. Eventually, there will be 210 million BCDs in circulation; 10 times more than Bitcoin.
Cons
  • In terms of the total supply, it seems that 170 million BCD will be available on the market, while the remaining 40 million will be reserved for a “community rewards pool as tributes and mining”. Ultimately, the creators of Bitcoin Diamond emphasize that their currency is not a competitor to bitcoin. They describe it as a fork with upgraded technology that preserves the original features.