What's Deference between Bitcoin and Bitcoin Diamond?

[bitmattrix88]

I want to know what's the deference between  btc and btcd(Diamond). Please info any ideas about btcd

[Chinsmokers]

I want to know what's the deference between  btc and btcd(Diamond). Please info any ideas about btcd

Singapore, 23th November : Bitcoin Diamond, a new cryptocurrency was recently launched by Team EVEY& Team 007, two teams of bitcoin miners who were not happy with some of the major downsides of Bitcoin. After nine years of rapid development and various issues that the miners faced with Bitcoin, such as lack of privacy protection, high transaction fees and slow transaction speed, the teams finally collaborated and rolled out Bitcoin Diamond.

Bitcoin Diamond or BCD will solve the known downsides of Bitcoin, according to Bitcoin Diamond Foundation, the collaborative venture.

“Bitcoin Diamond is a fork of Bitcoin that occurs at the predetermined height of block 495866”, said an EVEY team member while also launching the official website http://www.btcd.io/index.html.

[priyankg3]

Bitcoin Diamond or BCD will solve the known downsides of Bitcoin, BCD erases all negative problems

[bitcoincollector03]

check it here: https://support.binance.com/hc/en-us/articles/115002980192-Binance-s-Statement-on-Bitcoin-Diamond-BCD-

[tomevans]

According to official  web site Bitcoin Diamond it has better privacy protection, encryption of the amount and balance which protects customers’ privacy and faster transaction confirmations. It has also raised the block size as part of a massive on-chain scaling approach. There 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. More details can be found at official web site.

[nick_nick]

I want to know what's the deference between  btc and btcd(Diamond). Please info any ideas about btcd

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. The original Bitcoin blockchain will continue on unaltered, and 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.

[Maveth13]

Bitcoin works on PoW, has 21 million supply, and 1MB blocksize. Bitcoin diamond works on PoS, has 210 million supply, and an 8MB blocksize. It's still hard to predict what would happen to bitcoin diamond, but right now it seems that transactions are much faster than btc which is one of their goals. This is also what happened with bch because both have 8MB blocksize. What bcd lacks is marketing and advertisements, only few people knows about this fork unlike bch and btg.

[cuongit]

Bitcoin Diamond is a fork of the original Bitcoin blockchain. The fork aims to improve bitcoin in two major ways: it plans to add additional encryption to each transaction, and it plans to increase the default blocksize limit to 8MB. Ultimately, Bitcoin Diamond seems to have more in common with Bitcoin Cash (BCH) than legacy Bitcoin (BTC). It’s also not totally clear who’s behind the project, how the blockchain fork works, or what type of additional encryption is being used. There’s no Bitcoin Diamond whitepaper, for example.

There are also 210 million Bitcoin Diamonds, which is 10 times more than any other version of bitcoin. Again, it’s not totally clear how this works – whether they’ve actually created more bitcoins, or if they’re just using a smaller denomination.

Anyways, stay tuned for the launch of Bitcoin Diamond at block 495866.

[udayantha11]

Dear member

Diamond is version of BTC. BCD is speed than BTC and Low fees than BTC. But dont know acceptance from the investors. Both BTC BCD Block time is same.

this BCD slove the BTC problems.

you can see more details http://www.btcd.io/index.html

[estanislao1994]

Bitcoin Diamond is an altcoin created from bitcoin itself. It is a cryptocurrency created by Team EVEY& Team 007, as stated on the article, the creators were not satisfied by the dips and downside of bitcoin. Namingly, the slow transaction speed and the cost of the transaction. They created this coin to address those issues. Thought in my opinion this altcoin would have a huge pump and then eventually will experience a dump.

Bitcoin on the other hand is as of now the main currency which is what people use to undergo transactions or purchases. Bitcoin is getting more and more expensive to pump at current levels, and thus whales will have to shift a part of their focus to altcoins for the best returns. Their wealth is more than enough to make the value of certain coins go x10-x20 (I'm talking about the top coins) in a reasonably short period of time.

[BitcoinHodler]

once upon a time someone with a vision who thought monetary systems are corrupt, banks are evil,... started a decentralized revolution to create a peer to peer currency. he then called it "bitcoin".

some years past, people saw this "bitcoin" thing is a valuable thing. there is a lot of money to be made from it, so they started copying it without wasting a time to really add anything valuable to that revolution.... one of these copies is called bitcoin diamond.

that is the difference for you.

[AGD]

Bitcoin Diamond = Just another Altcoin
Bitcoin = Bitcoin

[stompix]

One is the old coin used by everybody in the crypto environment
The other is a fail of an altcoin, with 210 millions coins and different algorithm as just like Bitcoin gold it was created by miners specialized in that mining algo.
I doubt it will see 2019 above  1 cent per coin.

[jseverson]

All you really need to know is that it's an altcoin that's very unlikely to succeed. I mean, your airdrops won't even be worth that much thanks to the 210 million max supply. It's kind of a head scratcher, honestly.

But yeah I don't think this particular fork will be a significant player. It might be wiser to simply stay away. Also, friendly reminder: Don't download shady wallets to get airdrops -- wait until reputable services come up.

[Opquar]

One will continue to succeed, while the other will inevitably fail. Why do these people even bother? And a 210 million coin limit? It is creative, I guess?

[Sachinist]

This right here is why we need to stop these stupid forks. Newbies will not have a clue seeing so many plagiarized bitcoins.

[speedware01]

Bitcoin is the original and first cryptocurrency but bitcoin diamond is fork of the original bitcoin which tries to make it better by adding more encryption and other qualities

[aoluain]

Wow i did hear on one thread that there was to be another
fork but i didnt think it was to happen so quick, as above
lack of marketing.

While all the new features are good its hard to see it competing
with bitcoin or even bitcoin cash. Its just a pity these features
couldnt be added to bitcoin as smoothly as cash and diamond
has added them

[RoommateAgreement]

Wow i did hear on one thread that there was to be another
fork but i didnt think it was to happen so quick, as above
lack of marketing.

While all the new features are good its hard to see it competing
with bitcoin or even bitcoin cash. Its just a pity these features
couldnt be added to bitcoin as smoothly as cash and diamond
has added them

there will soon be more of these kind of fork in my opinion. there are lots of lazy idiots out there who think this is the way to make money so they will soon start forking bitcoin over and over. but i don't think it will be as sever as the altcoin copycats that start an altcoin from scratch despite copying all the code from something else.
forking bitcoin like this is still a lot of work. and hopefully we will see an end to these copycats too.

[Irvinn]

I'm quite normal to the beatkoyn diamond created on November 24th. If he really will have such improvements, as its developers point out, which, in fact, there is no doubt, you just have to welcome such a digital coin. Even the fact that bitkoyn diamond conceals the amount and the list of coins in the purse is already quite good, since users with large amounts will go away from possible hacker attacks on this purse.