The World of Cryptocurrency - Bitcoin Diamond
From a genius mind of Satoshi Nakamoto, Bitcoin was born and that was a few years back. As the day goes by, each coin poped-up like mushrooms all over the web and it count thousands already. Monthly, there were hundreds of ICO's that were launching and inviting investors to support them. In the lifespan of bitcoin, it was divided or split into several coins through fork. At first, its only one Bitcoin and later on Bitcoin Cash was born and followed by Bitcoin Gold and we almost had Bitcoin Segwit2X. And now, the current hard fork for bitcoin is Bitcoin Diamond.
It's another attempt that some developers that are taking the existing Bitcoin architecture making some changes that they feel could improve upon the existing Bitcoin protocol. The primary purpose of Bitcoin Diamond (BCD) is to fix three main problems - privacy, transactions speed, and transaction costs and it's scheduled to happen at block height 495,866. Bitcoin Diamond has a maximum supply of 210 million and that was ten times increase from 21 million to 210 million. The algorithm they're gonna be mining on is an optimized x13 algorithm for GPU mining. The data below shows the differences among Bitcoins:
This essentially looks like a Bitcoin fork that is going the route of both Bitcoin Cash (BCH) and Bitcoin Gold (BTG). It's going the route of Bitcoin cash by the way of increasing the block size to 8MB. While it's going the route of Bitcoin Gold making it minable with GPUs except not using equihash that Bitcoin gold uses but using an optimized x13 algorithm - that is new and it differs from all the other Bitcoin.
They have some exchanges on board and some of it I haven't even heard of.
Let's see for the coming days the effect of this Bitcoin Diamond hard fork but currently, the BTC is skyrocketing hitting almost $10k mark and its the highest record so far.
Do we really need so many jewellery fork... 😂 there is cash, gold, diamond. Maybe coming will be pearl,ruby,silver,copper.....etc
Who knows but I believe the crypto world is rising very fast.
It is never too late to learn cryptocurrency.
What do everyone think.
🤣 Maybe they are planning to name all those jewelries. I think it make sense since bitcoin is as precious as those jewels and later on it will surpass all those jewels but the funny thing is that bitcoin is just virtual - its nothing actually, i mean its just exist in the web 😄
What if we all just exist in the web? Is this real life?..... hahaha 🤪
; )
https://steemit.com/bitcoin/@kickassfacts/bitcoins-facts-infographic
Let's wait for honest person who will create "Bitcoin Crap" :p
U have shared a good updated news
It is very helpful for steamians
Thank you for your kind information
Follow and UPVOTe me friends
@mercyjohnson
Thanks sistah 😄
Thanks For crypto news I really appreciate it @elizahfhaye👍👍
thanks for revealing this info.
I heard from someone, this is the new black money market.
Still gamble at will as these guys won't let these numbers go down.
nice post
bitcoin smashing through the $8,000 level for the first time this week after a 50 percent climb in eight days, Central bankers are worried they will be blamed if the market crashes.
That it was very nice info. thanks for sharing this.
Next one should be named Bitcoin treasure :D
Lol 🤣
nice post
steemitducation