Bitcoin Diamond is a cryptocurrency that was established as a result of the Bitcoin hard fork that happened in November 2017 at the predetermined block height of 495866. As a fork, Bitcoin Diamond is markedly different from the original cryptocurrency. The BCD coin boasts a tenfold increase in max supply, eight times larger block size, and a much faster difficulty adjustment. Bitcoin Diamond also has a new hashing algorithm - x13, which was ASIC resistant at the time of the coin’s launch, contrary to Bitcoin’s SHA256. Despite the new algorithm, BCD does not only use Proof-of-Work. After the first 1000 blocks were mined, the network switched to Proof-of-Stake with 100% yearly interest for Bitcoin Diamond holders.
Launched at the time of cryptocurrency market peak, BCD needed only one day to gain a price of over 85 USD per coin. Still, despite several price peaks that followed the record, Bitcoin Diamond lost most of its value in the Spring of 2018. Check out the latest Bitcoin Diamond price online on Coin360.com.