A Fork Of The Original Bitcoin Blockchain

Bitcoin Diamond (BCD) is a cryptocurrency that is a fork of the original Bitcoin blockchain.

Bitcoin Diamond (BCD) was created with the goal of improving certain aspects of Bitcoin, particularly related to transaction speed and cost. 

Fork of Bitcoin

Bitcoin Diamond is a result of a hard fork from the Bitcoin blockchain, which means that it shares a common history with Bitcoin up to a certain block height before diverging into its own chain. BCD was created at block height 495866.

Bitcoin Diamond has a larger total supply compared to Bitcoin. This is achieved by increasing the block size and changing the mining algorithm.

It aims to provide faster confirmation times and lower transaction fees, making it more suitable for everyday transactions.

Key features

One of the key goals of Bitcoin Diamond is to offer faster transaction confirmation times. It achieves this by reducing the block time and implementing a different hashing algorithm.

Similar to Bitcoin, Bitcoin Diamond has implemented the Segregated Witness (SegWit) protocol to enhance transaction capacity and security. It also uses the X13 hashing algorithm, which is different from the SHA-256 algorithm used by Bitcoin. This change was made to encourage broader participation in mining and reduce the influence of specialized mining hardware.