The World of Cryptocurrency - Bitcoin Diamond

elizahfhaye (68) in bitcoin • 7 years ago (edited)

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.

bitcoin steemiteducation steem crypto philippines

7 years ago by elizahfhaye (68)

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!

Sort Order:

steemfuture (53) · 7 years ago

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.

elizahfhaye (68) · 7 years ago (edited)

🤣 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 😄

lundgreenman (49) · 7 years ago (edited)

What if we all just exist in the web? Is this real life?..... hahaha 🤪

$0.00

kickassfacts (51) · 7 years ago

; )
https://steemit.com/bitcoin/@kickassfacts/bitcoins-facts-infographic

$0.00

bartosz546 (56) · 7 years ago (edited)

Let's wait for honest person who will create "Bitcoin Crap" :p

$0.00

mercyjohnson (51) · 7 years ago

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

elizahfhaye (68) · 7 years ago

Thanks sistah 😄

myeasin (57) · 7 years ago (edited)

Thanks For crypto news I really appreciate it @elizahfhaye👍👍

minoblue (33) · 7 years ago

thanks for revealing this info.

mirroroftime (50) · 7 years ago

nice post

rohitsharmaalive (38) · 7 years ago

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.

sanjayharyanvi (25) · 7 years ago

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.

jie28 (56) · 7 years ago

That it was very nice info. thanks for sharing this.

shonyishere (56) · 7 years ago

Next one should be named Bitcoin treasure :D

elizahfhaye (68) · 7 years ago

Lol 🤣

escobar (46) · 7 years ago

nice post
steemitducation

amirul (61) · 7 years ago

i will share good crypto-signal....last night given signal okcash and its goes 10% profit..new signal coming

momi5 (50) · 7 years ago

Bitcoin is achieving it's height.. hope this new bitcoin diamond will solve the problems of privacy , transaction speed and cost..

elizahfhaye (68) · 7 years ago

Actually the first attempt to solve these problema is through segwit 2x but it doesnt pursue, most of them opposed in it and it was called-off. Now this is the new fork which they planned to solve those issues. Hopefully they will solve it. 😄

momi5 (50) · 7 years ago

Exactly ... hope so.. fingers crossed ..

$0.00

sumeet9696 (46) · 7 years ago

Amazing 🔥 this article is useful for newbies !!!

yenlau (67) · 7 years ago

Thank you for the lovely information!
I am new to Steemit, Do follow and upvote me!
Thank you so much

elizahfhaye (68) · 7 years ago (edited)

Welcome to the steemit-world buddy 😄

yenlau (67) · 7 years ago

Thank u buddy!

$0.00

embomb701 (58) · 7 years ago

Thanks for posting, this fork actually seems like it might be an improvement. Upped and Following.

kevaton (48) · 7 years ago (edited)

A multi-digital currency global economy cannot be averted. A currency with more versatility in terms of transaction speed, cost of transfer, security , ease of access and suchlike useful features will eventually dominate . Thank you! Great post from you.

elizahfhaye (68) · 7 years ago (edited)

This fork is very beneficial to us and to the entire crypto-world. Hoping that they will succeed in it. 😄

nba123 (46) · 7 years ago

Thank you for your kind information
A good idea continued

mmikhail (33) · 7 years ago

The world goes crazy

elizahfhaye (68) · 7 years ago

And we do jump also in crypto-bandwagon 🤣

appreciator (66) · 7 years ago

This post has received gratitude of 29.33 % from @appreciator thanks to: @elizahfhaye.

$0.00

resteembot (48) · 7 years ago

Resteemed by @resteembot! Good Luck!
Curious?
The @resteembot's introduction post
The @reblogger's introduction post
Get more from @resteembot with the #resteembotsentme initiative
Check out the great posts I already resteemed.

$0.00

steemvote (58) · 7 years ago

This post was resteemed by @steemvote and received a 47.87% Upvote

$0.00

buildawhale (74) · 7 years ago

This post has received a 25.14 % upvote from @buildawhale thanks to: @elizahfhaye. Send at least 1 SBD to @buildawhale with a post link in the memo field for a portion of the next vote.

To support our daily curation initiative, please vote on my owner, @themarkymark, as a Steem Witness

$0.00

minnowpond (62) · 7 years ago

@minnowpond1 has voted on behalf of @minnowpond.
If you would like to recieve upvotes from minnowponds team on all your posts, simply FOLLOW @minnowpond.

            To receive an BiggerUpvote send 0.5 SBD to @minnowpond with your posts url as the memo
            To receive an BiggerUpvote and a reSteem send 1.25SBD to @minnowpond with your posts url as the memo
            To receive an upvote send 0.25 SBD to @minnowpond with your posts url as the memo
            To receive an reSteem send 0.75 SBD to @minnowpond with your posts url as the memo
            To receive an upvote and a reSteem send 1.00SBD to @minnowpond with your posts url as the memo

$0.00

sojib24 (42) · 7 years ago

Awesome post friend.
I like your all content because your content type and quality is so good.
best of luck go ahead friend.

$0.00

rjmohsin (36) · 7 years ago

are you know bitcoinwhite ...?

$0.00

kaimarmalade (40) · 7 years ago

I think it's ultimately a good thing that we've seen all these forks. Short term leveraging of prices across 4+ different coins gets me moist. I mean-- It's a bit of a hassle and there's a better way of spending any Tuesday afternoon but it seems as though this is just more investment opportunity. We'll see though!

$0.00

rose2017 (32) · 7 years ago

nice article about cryptocurrency

$0.00

emmaallen (17) · 7 years ago

Really Great post, thank you for updating this post
Here is the effective way to earn free tokens.
Recently i have earned free Tokens. Follow this link and Earn Free Tokens

$0.00

aksdwi (53) · 7 years ago

This post has received a 27.97 % upvote from @aksdwi thanks to: @elizahfhaye.

$0.00

sneaky-ninja (59) · 7 years ago

This post has received a 14.23 % upvote from @sneaky-ninja thanks to: @elizahfhaye.

$0.00

upme (49) · 7 years ago

You got a 52.40% upvote from @upme thanks to @elizahfhaye!

$0.00