March Bitcoin Diamond Progress Report

By Marzo 3, 2018 No Comments

BCD Ecosystem

Official website:http://www.btcd.io/

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 BCD. Bitcoin Diamond miners will begin creating blocks with a new proof-of-work algorithm. They will also 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”.BCD features:

Fast Transaction Confirmations

Bitcoin Diamond raised the block size limit to 8MB as part of a massive on-chain scaling approach. The result is ample capacity for everyone’s transactions. The speed of generating blocks will be increased five times and the ultimate goal is to improve transaction confirmation speed for the entire BTC blockchain. Another feature is adding the Lighting network for fast transactions. This does not require the trust of Payment Channels to realize a real-time, massive transaction network.

Reducing The Cost of Participation

Solving the situation of the over-priced original Bitcoin is done by increasing the total supply of Bitcoin Diamond and lowering the price, which in turn, will allow more people to participate in the Blockchain world.
Bitcoin Diamond has been launched at more than 40 global exchanges and reported by Reuters, Nasdaq, Yahoo Finance, Cointelegraph (sponsored), and other famous medias.