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Bitcoin Diamond

BCD

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Market

Market stats

Market cap

$26.0M

Volume (24h)

$51,736.90

Circulating supply

186.5M BCD

All time high

$104.84

Price change (1h)

-0.17%

Price change (24h)

+0.86%

Price change (7d)

+6.05%

About Bitcoin Diamond

Bitcoin Diamond is a fork of Bitcoin that seeks to add more transaction capacity to the network. There are 10 times more Bitcoin Diamond than Bitcoin, meaning the total supply will eventually reach 210 million.

Bitcoin Diamond (BCD) is a hard-fork of Bitcoin. The forking occurs at the predetermined height of the block, wherein the blocks are data structures in the blockchain database. Blocks record the transaction data in a blockchain and are identified by long numbers. So, the forking at the height of 495866 in Bitcoin generates Bitcoin Diamond (BCD). The original blockchain continues, but a new branch of the blockchain splits off. The new blockchain that is Bitcoin Diamond shares history with Bitcoin until the diversion.

Bitcoin Diamond seeks to help financially underserved individuals. The initiative focuses on unbanked people living in areas where other financial institutions are inaccessible. The “unbanked” is a connotation for individuals who do not use banking institutions in any capacity. The BCD aims to bypass the financial barriers and resolve the problem of high transaction fees, slow transaction confirmations, and a high threshold for new miners. Bitcoin Diamond aims to address issues by implementing new technical improvements. 

The whitepaper states that BCD can perform 4.8 million transactions a day or 100 per second. BCD prevents the centralization of mining power as it incorporates a proof-of-work algorithm. Furthermore, the BCD wallet aims to have the following features:

HD wallet generation - With hierarchical deterministic wallets or HD wallets, the users can generate multiple accounts from a single root key. The users need to save only a master private key. The master key can further generate multiple sub-private keys. Users can easily manage all accounts under this one master key. This helps in reducing the possibility of master key exposure. 

Electrum integration - Electrum is a lightweight wallet of Bitcoin. This has been developed and supported since 2011. Electrum seeks to offer a wide range of functionality like cold storage (offline wallet), multi-sig security, etc. The multi-sig security function makes security breaches hard for malicious actors to execute any unapproved transaction. Hence, to capitalize on Electrum’s feature set, Bitcoin Diamond has also released its version of the Electrum wallet. 

BCD pay mobile - Bitcoin Diamond envisions supporting an official mobile wallet to ensure that all users can easily perform payments. With BCD pay, millions of unbanked individuals can access digital currency. 

News about Bitcoin Diamond

The Block • Mar 29, 24

Bitcoin futures open interest reaches new high at $38 billion

Bitcoin futures open interest on centralized exchanges has reached a record level of $38 billion, data from CoinGlass shows.

Read more

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The Block • Mar 29, 24

Grayscale launching proof-of-stake investment fund for millionaires

Grayscale is launching a fund that will manage the staking and unstaking of multiple tokens.

Read more

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Messari • Mar 29, 24

Discussion: Does Bitcoin need Layer-2s?

Recent developments in the Bitcoin ecosystem, such as the surge in Ordinals, Inscriptions, and the introduction of BitVM, reflect a shift towards enhancing Bitcoin's functionality with Layer 2 solutions. Despite challenges and a conservative upgrade approach, initiatives like Babylon and BitVM ai...

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Decrypt • Mar 29, 24

Ethereum Creator Vitalik Buterin Pushes 'Positive-Sum' Vision for Meme Coins

Arguing that current meme coins "go up and down in price and contribute nothing of value," Buterin suggested harnessing that energy for good.

Read more

News Article Image

BeInCrypto • Mar 29, 24

Google Now Allows to Check Crypto Wallet Balance

Google Search has expanded to allow users to check their cryptocurrency wallet balances, supporting networks like Bitcoin and Ethereum, while addressing privacy concerns and embracing digital finance.The post Google Now Allows to Check Crypto Wallet Balance appeared first on BeInCrypto.

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News Article Image

The Defiant • Mar 29, 24

Centrifuge’s Anemoy Attracts Investment From Celo As Tokenized Treasury Assets Bubble

Celo’s investment follows Frax and Gnosis passing proposals to deploy $20M and $10M into Anemoy.

Read more

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Bitcoin Diamond is on the rise this week.

The price of Bitcoin Diamond has decreased by 0.17% in the last hour and increased by 0.86% in the past 24 hours. Bitcoin Diamond’s price has also risen by 6.05% in the past week. The current price is $0.14 per BCD with a 24-hour trading volume of $51.74K. Currently, Bitcoin Diamond is valued at 99.87% below its all time high of $104.84. This all-time high was the highest price paid for Bitcoin Diamond since its launch.

The current circulating supply of Bitcoin Diamond is 186,492,897.953 BCD which means that Bitcoin Diamond has as total market cap of 186,492,897.953.

FAQ

What is the current price of Bitcoin Diamond?

We update our Bitcoin Diamond to USD currency in real-time. Get the live price of Bitcoin Diamond on Coinbase.

What is the market cap of Bitcoin Diamond?

The current market cap of Bitcoin Diamond is $26.04M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Bitcoin Diamond?

The all-time high of Bitcoin Diamond is $104.84. This all-time high is highest price paid for Bitcoin Diamond since it was launched.

What is the 24 hour trading volume of Bitcoin Diamond?

Over the last 24 hours, the trading volume of Bitcoin Diamond is $51.74K.

What other assets are similar to Bitcoin Diamond?

Assets that have a similar market cap to Bitcoin Diamond include Decubate, SpaceN, Metahero, and many others. To see a full list, see our comparable market cap assets.

How many Bitcoin Diamond are there?

The current circulating supply of Bitcoin Diamond is 186 million.

Can I buy Bitcoin Diamond on Coinbase?

No, Bitcoin Diamond is not currently available on Coinbase, but you can sign up to get the latest news on Bitcoin Diamond and be notified when it gets added to our exchange.

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