1 Level
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8 Karma
Review on Bitcoin Diamond by Trinh Do
Bitcoin Diamond (BCD) is a Bitcoin-encoded currency and was created after its…
Bitcoin Diamond (BCD) is a Bitcoin-encoded currency and was created after its development team made the Fork series from Bitcoin's Blockchain platform. Bitcoin Diamond was created to overcome the limitations of Bitcoin's "eldest brother" regarding security factors and block size and execution time of transactions.
Pros
- Hard forks on the Bitcoin network put holders of Bitcoin in a unique position. Whatever amount of Bitcoin they hold, they get the same amount of the new currency, free! The Bitcoin Diamond fork increased the total supply of the coin. For every one Bitcoin users held, they actually got ten BCD for free. Good deal, right?
Cons
- But even bitcoin diamond got this half statement right, "The high Transaction Fees associated with Bitcoin has become a great resistance for transfers...
