Bitcoindiamond.org (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 improve the transaction speed based on original features of BTC. This will cause a bifurcation of the Bitcoin blockchain.
The original Bitcoin blockchain will continue on 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’.
With lower transaction fees than any credit card, better exchange rates than any government backed currency, and faster transaction confirmations than other digital payments, Bitcoin Diamond is the internet’s native currency.
Better Than A Cash
Bitcoindiamond.org is a global currency that you can use to purchase products from any country and have them shipped to your doorstep, anywhere in the world. It all costs less than a penny per transaction and no currency exchange is required.
Better Than Fiat
With traditional government-backed currency, it can be difficult to protect your money from theft and inflation. Bitcoin Diamond Cryptocurrency is a fork of the Bitcoin blockchain, the most widely-used and most secure cryptocurrency. Unlike fiat currency, Bitcoin Diamond has a limited supply to make sure inflation is kept under control.
What Is Total Amount For Bitcoin Demand
The total amount of BCD is 210 million. There is no more increase.170 million BCD, 1BTC : 10BCD will be presented to the Bitcoin holders for the long-term Bitcoin ECOSYSTEM support. The rest 40 million will be automatically transferred into the community rewards pool as tributes and mining.
What Problem Does Bitcoin Demand Attempt Solve
After nine years of rapid development of Bitcoin Diamond Cryptocurrency, high transactions fees and Bitcoin no longer meets the demands from rising numbers of clients. And various kinds of problems have arisen, which mainly consist of the following aspects: 1. Slow transaction confirmations. 2. High threshold for new members.
Is Bitcoin Demand A Competitor Of Bitcoin
No, Bitcoin Diamond is fork of the Bitcoin blockchain with upgraded technology while preserving the original features of Bitcoin. Adding on new techniques – Lightning network to faster transaction speed, more efficiently applied in the field of daily payments. Besides, it raises the storage size and the block-out speed of each block to an optimum value, to follow segwit and increase the usage of block unit storage trading of the Bitcoin Diamond and minimize the production of isolated blocks.
How Does BCD Prevent Reply Attacks
The so-called replay attack refers to the fact that if a transaction is valid in BTC, then the bifurcation of BTC will also take effect, because most of their algorithms are the same. Means that if someone on the BTC launches a deal in the chain and sends the signed deal to another block chain, he will get free BTC that shares the same ratio in that block chain. In order to prevent a replay attack, a slight change has been made on trading format between BTC and Bitcoin Diamond Coin, to prevent the replay trading, BCD will not accept BTC deal which truly makes it independent from the BTC.
How Can A Get Bitcoin Demand
1.Anyone who held Bitcoin at the time Bitcoin Diamond Coin was created, on 11/24/2017 at Block Height 495866, became owners of Bitcoin Diamond which is 1BTC : 10BCD. 2.Mining. 3.Exchange at any other secondary markets. 4.Contributors in the ecological construction of BCD will receive a certain BCD as a reward.
Wallet Should Keep BTC To Get BCD
Any secured Bitcoin wallets can store your BCD before they reach the predetermined height as of block 495866. If your Bitcoin is stored by a third party, such as an exchange, then you must inquire with them about your Bitcoin Diamond. Verified wallets that support BTC and BCD side-by-side will be listed on the Bitcoin Diamond home page. We will publish guides for retrieving BCD from the most popular wallets.
BCD Pay Wallet
The Bitcoindiamond.org Pay Wallet App is getting a major upgrade. The new version includes features like multi-signature cosigning for Bitcoin and Bitcoin Diamond. You can receive the latest blockchain news as well as browse and shop BCD Bazaar right inside the wallet. The app also features Moon Catcher Crypto Tracker that gives you the ability to predict the price movement.
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One of Coinworldstory's longest-tenured contributors, and now one of our news,ico,hyip editors, Verna has authored over 6900+ stories for the site. When not writing or editing, He likes to play basketball, play guitar or visit remote places. Verna, to his regret, holds a very small amount of digital currencies.