Bitcoin Diamond BCD

$1.85
Market Cap $ 283.846 MM (#33)
24h Volume $ 5.180 MM
Chg. 24h: 3.54%
Algo. score 3.9/5  (#57)
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Bitcoin Diamond project purpose and description

Bitcoin Diamond clarity of purpose

Bitcoin Diamond purpose and aspects

Bitcoin Diamond (BCD) is a fork of Bitcoin that occurs at the predetermined height of block 495866and therewith a new chain will be generated as the BCD. Bitcoin Diamond miners will begin creatingblocks with a new proof-of-work algorithm, and will consecutively develop and enhance the protectionfor account transfer and privacy based on original features of BTC. This will cause a bifurcation ofthe Bitcoin blockchain. The original Bitcoin blockchain will continue on unaltered, but a new branchof the blockchain will split off from the original chain. It shares the same transaction historywith 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”.

Bitcoin Diamond additional differentiation against competition

After nine years of rapid development of Bitcoin, 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. Lack of privacy protection.2. Slow transaction confirmations.3. High threshold for new members.

Bitcoin Diamond categories

Digital currencyPaymentsAnonymity

Short description

Bitcoin Diamond is a decentralized P2P Network designed for bitcoin users this is not just PoW but it runs on Proof Of Stake with 100% Interest every year you don't need to worry about coins running out since there are 4.6 billion Total supply to handle inflation and since there are only 1000 Total blocks to be mined in PoW there wont be anymore coins existing in Proof Of Work and thereafter the coin will work into Proof Of Stake As this is the official launch of bitcoin Diamond We aim to keep the community happy and help to bring some better value for the coin.

Abstract

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 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”.

Link to Roadmap: http://btcd.io/#/
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