Bitcoin diamond is a fork of the bitcoin blockchain that occurred at block 495866. The fork implemented a new proof-of-work algorithm to make mining more accessible to a wider range of users.
Bitcoin diamond also increased the block size to 8 MB in order to speed up transaction processing times.
Bitcoin diamond has been fairly successful since its launch in November 2017. The coin has a current market capitalization of $267 million and is traded on a number of major exchanges, including Binance and Huobi.
NOTE: WARNING: Investing in cryptocurrencies is highly speculative and involves a high degree of risk. There is no guarantee that any investment in Bitcoin Diamond will go up or increase in value and there is also a risk of losing money. Please do your own research and consult a financial advisor before making any investment decisions.
The bitcoin diamond team is currently working on adding support for Lightning Network and Segwit. Once these features are added, bitcoin diamond is likely to see an increase in adoption and use.
This, in turn, could lead to an increase in value.
At this point, it is difficult to say definitively whether or not bitcoin diamond will go up in value. However, the coin does have a number of factors working in its favor that could lead to appreciation over time.
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Bitcoin Diamond (BCD) is a fork of Bitcoin that occurred at the predetermined height of block 495866 and created a new chain with different rules. Bitcoin Diamond miners will begin creating blocks with an improved version of the X13 proof-of-work algorithm. Bitcoin Diamond aims to offer features that are missing from Bitcoin, such as privacy and transaction speed.
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