What is Bitcoin Diamond (BCD)?

Jul 04, 2018 at 17:02

Coin overview
Bitcoin Diamond (BCD) is a fork of the premiere cryptocurrency, Bitcoin but with an aim to shorten processing times as well as lower processing fees.

Compared to the leading cryptocurrency, Bitcoin Diamond is utilizing bigger block size limit at 8 MB to improve transaction capacity and generate data five times faster which in turn allows for lower transaction fees.

Likewise, the team behind BCD also claims that its system is a much improved version of Bitcoin as it is capable of encrypting the amount and balance of transactions, enabling better privacy options.

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 cryptocurrencies are usually being preyed by scammers to claim their haul of free coins.

At present, Bitcoin Diamond also doesn’t have any official wallets yet.

 

Where to buy?
BCD is available for purchase in at least 30 exchanges globally, including Binance, OKEX, Huobi.Pro, Bit-Z, Gate.io, Coinbase, and Kucoin. The Bitcoin Diamond Foundation also claims that there are at least six wallets that will support BCD, including BitGo, Bitpie, Coldlar and ATOKEN.

Is it mineable?
BCD is mineable and has a maximum supply of 210 million coins. At present, its circulating supply is already at 153,756,875 BCD.