16 Shares 4590 Views

Bitcoin Diamond (BCD) – Another Bitcoin Fork on Block #495866 (November 25th)

November 22, 2017
16 Shares 4,590 Views

Bitcoin Diamond (BCD) is a fork of Bitcoin that is predetermined having height of block #495866 and the new chain of BTC will be generated and named as BCD – Bitcoin Diamond. Miners of Bitcoin Diamond will begin creating blocks with a new proof-of-work algorithm, will consecutively develop and enhance the protection for account transfer and privacy wich is based on the original features of BTC. A Bifurcation of the Bitcoin blockchain will be caused. The original Bitcoin blockchain will continue unaltered, but blockchain will split off from the original chain as a new branch.

Bitcoin Hard Forks Comparison.



It shares the same transaction history with Bitcoin, until it starts branching and coming into a unique block from which it diverges. A new cryptocurrency will be created which will be called ‘Bitcoin Diamond’, so this a result of the mentioned process.

Total amount for the Bitcoin Diamond itself is 210 million, without any increase. 170 millions will be generated as BCD, Bitcoin holders for the long-term support will be presented 1BTC in ratio of 10BCD (1BTC : 10BCD) for Bitcoin ECOSYSTEM.

BCD attempts to solve:
1. Lack of privacy protection.
2. Slow transaction confirmations followed by high threshold for the new members.

We invite you to follow the news on November 25th. Then we will be able to conclude Positive/Negative side of this Bitcoin hard fork.



OFFICIAL BITCOIN DIAMOND WEBSITE
THREAD ON BITCOINTALK

Subscribe to our NEWSLETTER
Facebook Comments

You may be interested

Blockchain is Being Developed Now to Serve Humanity Later
Knowledge
3 shares525 views
Knowledge
3 shares525 views

Blockchain is Being Developed Now to Serve Humanity Later

Karolis - April 19, 2018

Blockchain – a technology created nearly 10 years ago to act as public transaction ledger but still being developed for ordinary everyday-use. Why? 2008 was the year…

Where to Apply if You Got Scammed by Exchange or Fake Cryptocurrency
Knowledge
40 shares9,031 views
Knowledge
40 shares9,031 views

Where to Apply if You Got Scammed by Exchange or Fake Cryptocurrency

Justin - April 17, 2018

Being vigilant is a must these days as much 'bad guys' are trying to trick you and stole your coins (money) leaving you in a financial loss…

April 12th – To The Moon Day – Gagarin Invited Bitcoin to a Party
Entertainment
10 shares1,286 views
Entertainment
10 shares1,286 views

April 12th – To The Moon Day – Gagarin Invited Bitcoin to a Party

Karolis - April 13, 2018

To the space! [caption id="attachment_2114" align="alignright" width="318"] Yuri Gagarin was the first human to journey into outer space when his Vostok spacecraft completed an orbit of the…

Most from this category