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Bitcoin Diamond

BCD

Price
$0.13
11/26/2022, 10:06:54 AM
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Market

Market stats

Market cap

$24.9M

Volume (24h)

$99,437.53

Circulating supply

186.5M BCD

All time high

$104.84

Price change (1h)

-0.13%

Price change (24h)

+0.74%

Price change (7d)

+1.72%

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Bitcoin Diamond is on the rise this week.

The price of Bitcoin Diamond has risen by 1.72% in the past 7 days. The price increased by 0.74% in the last 24 hours. In just the past hour, the price shrunk by 0.13%. The current price is $0.132806 per BCD. Bitcoin Diamond is 99.87% below the all time high of $104.84.

The current circulating supply is 186,492,897.953 BCD.

About

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.

What Is Bitcoin Diamond (BCD)?

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. 

History of Bitcoin Diamond (BCD)

Bitcoin Diamond was forked on November 24, 2017. In 2018, the BCD wallet was deployed. The building of the BCD application ecosystem and the inclusion of the BCD mobile app also occurred in 2018. The maximum total supply of Bitcoin Diamond (BCD) is 210 million. 

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FAQ

What is the current price of Bitcoin Diamond?

The price of 1 Bitcoin Diamond currently costs $0.13.

What is the market cap of Bitcoin Diamond?

The current market cap of Bitcoin Diamond is $24.92M. 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 $99.44K.

What other assets are similar to Bitcoin Diamond?

Assets that have a similar market cap to Bitcoin Diamond include Refereum, Toko Token, Elitium, 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.