Kriptoks

Bitcoin Diamond (BCD) is a cryptocurrency that was created through a hard fork of the original Bitcoin blockchain. The forking process took place at a predetermined block height of 495866, leading to the creation of a new branch of the blockchain – Bitcoin Diamond. Despite sharing its history with Bitcoin up until the point of divergence, BCD is now a distinct cryptocurrency that operates on its own blockchain.

One of the key objectives of Bitcoin Diamond is to serve the financial needs of individuals who are considered "unbanked." This term refers to individuals who do not have access to traditional banking institutions, either due to their location or because of financial barriers. By creating a cryptocurrency that addresses the high transaction fees, slow confirmations, and mining threshold problems faced by these individuals, BCD aims to help improve their financial situation.

To achieve these goals, BCD has implemented various technical improvements, including a proof-of-work algorithm that helps prevent the centralization of mining power. The BCD wallet also offers several key features, such as HD wallet generation, Electrum integration, and the BCD pay mobile app. With these tools, BCD aims to provide unbanked individuals with easy access to digital currency, allowing them to participate in the global economy.

The BCD wallet was first deployed in 2018, and the year also saw the development of the BCD application ecosystem and the introduction of a mobile app. The maximum total supply of BCD is 210 million tokens, and the cryptocurrency has the capacity to handle up to 4.8 million transactions a day, or 100 transactions per second.

In conclusion, Bitcoin Diamond is a cryptocurrency that was created to help unbanked individuals by addressing the financial barriers they face. By offering a range of technical improvements and user-friendly features, BCD is aiming to provide a more stable and accessible digital currency that can be used for everyday transactions.