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Use Cases
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Enables faster and cheaper transactions by increasing block size, making it suitable for day-to-day economic activities.
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Offers enhanced security features with improved encryption, appealing to users requiring robust privacy.
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Utilised in peer-to-peer transfers and as a payment method for online and offline goods and services.
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Provides an alternative investment vehicle for those seeking diversification from mainstream cryptocurrencies.
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About
Bitcoin Diamond (BCD) is a fork of Bitcoin that was created in November 2017 to address perceived shortcomings in the original Bitcoin protocol, particularly related to transaction speed and cost. It emerged as an alternative aiming to provide improved performance and security features. BCD accomplishes this by increasing the block size to accommodate more transactions and implementing an enhanced encryption mechanism to protect user data. The project aims to make cryptocurrency transactions more accessible and affordable for everyday users. Additionally, Bitcoin Diamond has a total supply of 210 million BCD, which is ten times that of Bitcoin, thus aiming to ensure more equitable distribution among users.