BCD Coin (Bitcoin Diamond) is a hard fork of Bitcoin blockchain. BCD was launched with the motto “Better Bitcoin” to solve and improve some problems in the Bitcoin network. In this article, we will answer what Bitcoin Diamond is and how it works.
What is Bitcoin Diamond (BCD Coin)?
When we look at the transaction history of the Bitcoin Diamond (BCD) network before the fork, it is similar to the leading cryptocurrency Bitcoin. Bitcoin Diamond, which left the main network of Bitcoin on November 24, 2017 in block 495866, started to operate on a brand new system with its miners and new network after this date. BCD started trading in the markets 2 weeks after BTG (Bitcoin Gold). Having been released on 28 exchanges after its launch, BCD Coin attracted a lot of attention.
How Does Bitcoin Diamond Work?
Bitcoin Diamond, in order to distinguish from BTC, set the number of tokens to 210 million. The number of BCD’s tokens will not exceed 210 million, just like Bitcoin has a limit of 21 million. 170 million BCD in the Bitcoin Diamond network will be distributed to BTC holders as 10 BCDs for 1 BTC with a long-term system. The remaining tokens are planned to be distributed to mining rewards in the Bitcoin Diamond community.
Bitcoin, having been on the market since 2009, is still being developed. According to the developer team of BCD, the biggest problem in Bitcoin is its high transaction fees. On the other hand, BTC is having trouble meeting the increasing demand. The transaction confirmation is very slow compared to other altcoins. Here BCD developers aim to make improvements to solve these problems of Bitcoin.
Bitcoin Diamond developers do not compete with BTC, just like Litecoin. According to Bitcoin Diamond developers, BCD aims to increase usage in daily shopping using the Lightning Network.
Buy Bitcoin Diamond (BCD)
Bitcoin Diamond (BCD Coin) ranks 49th in the crypto rankings with a market value of $ 117,748,351 at the time of publication of this article. You can visit Cointral branches to purchase BCD, which is traded in markets worth $ 0.624994, or you can obtain Bitcoin Diamond by exchanging your existing digital currencies.