After the Bitcoin Cash, Bitcoin Gold and SegWit2x forks (which had finally failed), the Bitcoin Diamond hard fork took place this morning at 10:20 at block 495 866.
The ad does not seem to have had a lot of enthusiasm on the part of most Twitter users we follow. Some people seem surprised by the proliferation of forests:
What are the reasons for this fork?
As its official website indicates, Bitcoin Diamond is the result of a collaboration between three entities, "EVEY", "007", as well as an entity without a pseudonym. Together they gave birth to the Bitcoin Diamond Foundation.
If they decided to set up a fork, it is because they believe that the current Bitcoin does not manage to "scaler", that is to say to cope with the intensification of the pace of transactions. They also mention the lack of confidentiality inherent in the Bitcoin protocol.
For some members of the community, this approach is not very original, since many crypto-currencies are already trying to find solutions to the "limits" of Bitcoin:
What are the characteristics of Bitcoin Diamond?
Bitcoin Diamond will use a new "proof-of-work" algorithm, which, according to the development team, would be more efficient than that of Bitcoin.
Bitcoin Diamond aims to:
Offer users a certain amount of confidentiality: the sums transferred, as well as the BCD balances, will be encrypted on the Bitcoin Diamond network.
offer faster transaction confirmations, thanks to an 8 MB block size (same as Bitcoin Cash)
lower the "minimum threshold of participation" by increasing the maximum amount of money
hmz.... I m not sure of this Bitcoin Diamond project..... Bitcoin cash has powerful smart people behind, and of they are the first to make fork of BTC, as we saw they can have massive pumps in terms of volumes etc.
So as I see it, many more coins will "steal" bitcoin's name, and try to be "the one".... but the only coin will benefit from this it the Bitcoin! o/