What is Bitcoin Diamond?

"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”."

-Btcd.Io
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General

TICKER SYMBOLS
BCD
AGE
last year (November 24, 2017)
CURRENT PRICE
$1.06
Updated 5 minutes ago via cryptocompare.com
CHEDDUR ALL TIME HIGH
$59.19
Last year
CIRCULATING SUPPLY
186,492,898 coins
Updated 2 minutes ago via coinmarketcap.com
MARKET CAP
$197,538,186
Updated 2 minutes ago

Technical

BLOCKCHAIN / LEDGER
Uses own
MONETARY POLICY
Maximum Supply (210,000,000 coins)
PRE-MINED / RESERVED
No
CONSENSUS MECHANISM
Proof of Work (PoW)
MINEABLE / STAKEABLE
Yes
AVERAGE CONFIRMATION TIME
10m
HASHING ALGORITHM
X13

Categories

Payments

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