1 Level
6 Review
4 Karma
Review on Bitcoin Diamond by Abbie Osborne
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.
