Over the years, numerous new cryptocurrencies have been formed from the Bitcoin network. The process in which they are formed is called a hard fork. 

The most famous Bitcoin hard fork is probably Bitcoin Cash (BCH) but plenty of others have followed it on to the market. There’s Bitcoin Platinum, Bitcoin Atom, Super Bitcoin and even a Bitcoin GOD!

Let’s start with the basics. 

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Every cryptocurrency has its own set of rules. These include: how information is recorded, what transaction fees users will pay and what rewards they can earn. These rules are called its protocol. 

Sometimes changes are made to the protocol. Cryptocurrencies have no central leader or management so changes to the protocol are made by the cryptocurrency’s community. These are the users who support the network and carry out important tasks on it. 

Changes to a cryptocurrency’s protocol are called forks. Try to think of them like software upgrades. Some systems on the network will support the changes and upgrade; others won’t. There are two different kinds of forks;

So, now you know what a hard fork is, let’s examine the Bitcoin Diamond fork more closely.

In 2017, two Bitcoin miners called Team Evey and Team 007 decided to change the network’s protocol that is called Bitcoin Core. They were unhappy with the way that Bitcoin was working and thought they could improve it. Evey and 007 named their improved protocol, Bitcoin Diamond.

Note: Miners are Bitcoin users who do special tasks which help to process Bitcoin transactions. They play a vital role in the Bitcoin community.

The main improvements Evey and 007 wanted to make to the Bitcoin protocol were:

Team Evey and Team 007 wrote changes into the Bitcoin protocol that they hoped would achieve these goals. The Bitcoin Diamond fork happened on November 24, 2017. The fork affected the whole Bitcoin community. I’ll tell you how in the next section. Now, let’s have a quick look at how Bitcoin Diamond coin has performed in the market so far…

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Following the Bitcoin Diamond fork, the Diamond coin entered the market in style! One week after the fork, the Diamond coin was worth 61.71 USD. By November 25, the price had gone up to 91.47 USD! 

Unfortunately, this didn’t last and prices began to go down across the market throughout January 2018. The price of Diamond coin has since dropped to an unimpressive 2.44 USD. 

UPDATE 2020: Currently, BCD price is only $0.83 USD, however, it doesn't seem to be dropping anymore. 

Even though its price is low, the total value of all the BCD on the market is still well over 150 million USD. The market is becoming very crowded with Bitcoin fork coins and only the ones with the best protocols will succeed.

Bitcoin Diamond coin could win over a lot of Bitcoin users with its faster transaction times, lower fees and easier access to new users. Bitcoin is a hugely popular coin but it can be quite difficult to use! Many Bitcoin critics argue that the coin won’t be a valid replacement for normal money until users can make small purchases; quickly and easily. 

A network offering these features will also appeal to small businesses dealing in low priced, high-volume goods like coffee or fast food. However, in my opinion, the price of Bitcoin Diamond will have to be more stable before it attracts any big-brand clients like Starbucks or McDonalds. 

UPDATE 2020: Even though BCD pricing dropped, it seems to be very stable at the moment. 

So, who can use BCD?

Whether you buy it or you’re lucky enough to get it for free, you’ll need a place to keep your BCD. For this, you’ll need a Bitcoin Diamond wallet.

Note: A wallet is a software application or hardware drive that stores important access codes for your cryptocurrency. You can also use a paper wallet to store your access codes.

It can be hard to find wallets that support new coins. There are eight sites offering a Bitcoin Diamond wallet at the moment. They’re listed on the coin’s homepage. Each is software wallets offering mobile, web and desktop storage. 

BCD’s homepage also contains download links for two multi-platform wallets called QT and Electrum. Both can be used as a Bitcoin Diamond wallet. I always recommend using a mix of software and hardware wallets. 

Tip: When you start using new cryptocurrencies it’s very important to use exchanges and wallets that you trust, so do your homework!  If you're looking for a reliable exchange, you should check out Binance, and if you want to have a secure hardware wallet to keep your crypto, Ledger Nano S is one of the most recommended options. 

Now you know who can use BCD, let's find out more about how BCD transactions work.

In some ways, Bitcoin Diamond transactions are very similar to normal Bitcoin transactions. The two share a lot of the same code from the Bitcoin Core protocol.

I’ll talk about the similarities first.

Bitcoin and BCD are networks where users can store and transfer information. All this information is stored in huge databases called blockchains. A blockchain is a very long list of all the transactions that have ever been made on the network. Blockchains are stored across thousands of computers called nodes. 

New transactions are put into groups called blocks and checked by nodes to make sure they’re valid before being added to the blockchain. Miners play an important role in processing transactions on both the Bitcoin network and on the Bitcoin Diamond network. Each platform takes about 10 minutes to process one block of transaction information. 

For more information about the role of miners on the blockchain, check out my Blockchain Explained guide!

Both networks are also planning on using the lightning network to speed up transaction times. Evey and 007 have announced that BCD will start using the lightning network on July 31, ning network will allow users to form mini-networks where real-time transactions can take place away from the main blockchain. These transactions are then checked and added to the main blockchain as a whole. This takes a lot of pressure off the main network. 

Remember, BCD aims to be faster, cheaper and easier to access than Bitcoin. Here’s how:

Now you can answer the question, “What is BCD offering that Bitcoin doesn't?”, I want to talk about security issues.

Blockchains are a very safe way to store and transfer information. Big companies like Visa, Google, and Facebook store our information on a limited number of central servers.

If these servers are attacked, our information can be put at risk. Blockchains spread our information across thousands of different computers. This makes attacking a blockchain extremely difficult!

One of the main safety features of blockchain technology is encryption. Private personal information is hidden using computer code. Some critics of Bitcoin think that not enough user information is encrypted.

For example, all transactions and their amounts can be seen by anyone using the Bitcoin network. This can make tracing the real identities of users fairly easy for governments and other organizations.

The team behind Bitcoin Diamond wanted to encrypt more user information. However, they have recently decided not to add more privacy features to BCD.

They feel that governments will soon start passing laws that stop cryptocurrencies from hiding user data. In a statement published on Medium, the team noted Japan and Russia as examples of this trend. 

The team also thinks that businesses won’t want to support coins that offer a high level of user privacy. On April 20, 2018, they said that they “realized that more exchanges might delist anonymous cryptocurrencies in the future".

Such news might disappoint a lot of crypto fans who value privacy. It shouldn’t affect the overall security of the blockchain though.

The real risks that Bitcoin Diamond coin faces are scammers who target the release of new hard-fork cryptocurrencies. Who are these scammers and what is BCD doing about them?

How Can it be Abused?

New hard-fork coins are often abused in the confusion following their launch. Whenever new coin forks from the Bitcoin network, holders of Bitcoin are targeted by scammers. 

After the hard fork in November 2018, Bitcoin holders who didn’t understand how to claim their free BCD were tricked into depositing funds into a fake Bitcoin Diamond coin wallet. Instead of getting free Diamond coin they lost their Bitcoin deposit!

If you hold Bitcoin, you should be very careful with your coins when hard forks happen. Always use a combination of hardware and software wallets. When it comes to the most recommended hardware wallets, you should definitely go for Ledger Nano S and Trezor. 

Important: Don’t be fooled by offers that "give away" money. Use wallets that you can trust only. New coins can cause a lot of uncertainty, so take time to consider your options.

Before you go, let’s have a quick recap of the pros and cons of Bitcoin Diamond.

Let's begin with the positive aspects. 

Next, let’s have a look at a few cons.

You should now have a good understanding of what Bitcoin Diamond is and how it works, so let's jump to conclusions.

Hard forks are a part of an ongoing process to build the perfect cryptocurrency. Bitcoin Diamond has made some important changes to Nakamoto’s software.

A diamond coin isn’t a perfect cryptocurrency but neither is Bitcoin or Bitcoin Cash. However, each new solutions bring us closer to a world where the transfer of important information is fast, easy and free!

Here are the steps that you can follow to get Bitcoin Diamond without much trouble: 

1. Get a secure cryptocurrency wallet (Ledger Nano S and Trezor). 

2. Sign up to Binance. 

3. Purchase Bitcoin Diamonds on Binance.

4. Send your Bitcoin Diamonds to Ledger Nano S wallet. 

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Menu Reading About NewsCoinsDiamond Standard Tries to Make Diamonds a Liquid Commodity via EthereumBy 3 min readSep 25, 2020Sep 25, 2020, a New York-based startup, is launching a  to buy, track, and sell diamonds on the Ethereum blockchain: The company wants to turn diamonds into a liquid commodity, as fungible and easy to trade as any other asset. To that end, on Monday, it’s holding an “” that, it hopes, will standardize the price of diamonds by literally pegging the gemstones to a physical token that’s encrypted, trackable, and registered to the blockchain. The company hopes to raise as much as $25 million via the sale of the diamond-studded tokens; each token will be sold for $5,000 during the Offering. "If you buy a diamond on 47th Street in New York and try to sell it, you are going to have a hard time getting two-thirds of your money back out of that. Even if you take it to Sotheby's and try to auction it, you're going to pay 18% commission. We've made an efficient commodity just like gold,” the company’s founder, Cormac Kinney in an interview last year. Kinney, a serial entrepreneur who founded, among other things, Flont Inc., a fine jewelry company, launched Diamond Standard in 2018. So how does it work? After a vendor delivers their diamonds to a global Gemological Institute of America lab to be assayed, the diamonds are inspected and separated into sets. They’re then assembled into a “Diamond Standard Coin,” which is sealed with an embedded, wireless encryption chip. The process is audited by Deloitte and the coin is registered as an ERC-20 token on the Ethereum blockchain. It can then be traded, sold, or even used as collateral for a loan, via a mobile app. "Diamond Standard is unique—it is both a physical and digital asset containing GIA certified diamonds," Tom Leonard, a Diamond Standard spokesman, told Decrypt. According to , each coin that will be offered during Monday’s public offering contains certified natural diamonds with identical geological scarcity and a wholesale market value of  $5,000.00 as of the sale date. The diamonds are tracked via the blockchain through the wireless computer chip. Once the coin is purchased, the diamonds ship to the buyer or to approved custodians BitGo, Gemini, Dillon Gage, or IDS Delaware. Individual buyers can sell their Diamond Standard Coins to another buyer using the Diamond Standard app or website. Know Your Customer compliance is required to buy, trade, or sell Diamond Standard Coins. "Not only can you trade the commodity, but you can pledge up to 80% of the value of the coin through smart contacts and back any digital transaction. We want to encourage entrepreneurs to innovate digital capabilities," Leonard said. The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice. bold>diamonds-a-liquid-commodity-via-ethereumRead on the Decrypt App for the best experience. For the best experience, top crypto news at your fingertips and exclusive features download now. Menu About

In an increasingly conscious world, more people seek to buy products that balance out the negative effects of consumerism on the planet. This could mean purchasing items made sustainably, or only shopping with brands committed to ethical working practices. As consumers are more aware than ever about the impact of their buying habits, sellers have to accommodate this shift in consumer behavior by changing the way they operate.

One industry where this is particularly noticeable is the diamond sector. Demand for ethical diamonds has skyrocketed in recent years, due to the fact consumers don’t want to pay for a gemstone being used to finance wars, insurgencies or oppressive regimes, especially in Africa. So-called blood diamonds have long been a major issue for the industry, even with measures like the Kimberley Process in place, which aims to prevent ‘conflict diamonds’ from entering the mainstream rough diamond market.

Although some producers have turned to lab-grown diamonds instead, those continuing to sell natural jewels have had to think about how to guarantee the integrity of their products. One solution the industry is looking towards is blockchain technology.

Blockchain is a form of digital technology that enables the distribution of data that resists modification. A blockchain works as a time-stamped series of data records (blocks) managed by a group of computers, not owned by any single entity. Each of these blocks is secure and bound to one another using cryptography (i.e. the chain in ‘blockchain’), a series of mathematical equations (algorithms) and secret keys that encrypt the data. This chain cannot be altered, thus acting as a secure means of transferring and storing data. In addition, because a blockchain is not centrally-owned, the information it contains is open for anyone to see, and much harder to hack. Blockchains tend to store data like transactions (such as between a diamond miner and cutter), including the date, time and value of any money exchanged, as well as information about who is participating in the transaction.

In order for a block to be added to the blockchain, a transaction must occur. It then needs to be verified, with the network of computers confirming that the transaction happened in the way the parties said it did. It is then stored in a block, which is given a hash, a unique, cryptographic code distinguishing the block from others. At this point, the block can be added to the blockchain and publicly viewed by anyone. Each computer involved in the blockchain network gets its own identical copy of the blockchain, which makes it even harder to infiltrate. This is why blockchains are often referred to as distributed ledgers.

Tracking the origin and authenticity of a diamond is a hugely difficult task. The industry’s complex supply chain means that gemstones are often mined in countries like Africa, Russia and Canada, then cut in places such as India, Belgium and Israel before being shipped to wherever they’re sold. As such, they typically touch numerous hands before reaching consumers. It’s even harder to ascertain a diamond’s provenance when the details are traditionally documented on paper or PDFs, records which are open to forgery and therefore may not give a truly accurate account of where a gemstone has come from, or if it’s even a genuine diamond.

However, using blockchain technology means the data cannot be altered, so a diamond’s journey can accurately be documented from beginning to end. As a public record accessible to anyone, consumers can turn to blockchain to confirm that a diamond has been produced in an ethical way and not sold for unethical reasons. Over the last few years, this technology has proven valuable in winning over conscious consumers concerned by the potentially unethical provenance of their products.

Numerous blockchain solutions have been aimed at diamond companies in recent years, including one courtesy of perhaps the biggest name within the industry itself: De Beers. Back in 2018, the behemoth revealed plans for Tracr, a blockchain using the Ethereum platform that was developed alongside Boston Consulting Group’s Digital Ventures and five leading diamond manufacturers. Diamonds must be scanned at every stage of the production and distribution process so all the data can be entered into the blockchain to track the journey accurately. Every diamond is also assigned a Global Diamond ID, a digital record showing its key attributes such as carat, clarity and color. This can then be used to verify its authenticity and can then be shared with customers in a store so they understand exactly what they are buying.

Another company harnessing blockchain technology for similar purposes is IBM, which has developed the TrustChain tool alongside five leading jewelry makers. “By placing the current, physical process on a blockchain, we provide better visibility to the consumer throughout the entire supply chain, to allow exchanges of information amongst participants,” the initiative’s website states.

Another example is Everledger, a relatively new blockchain technology making inroads in the jewelry industry. Luxury jeweler Taylor & Hart uses Everledger to monitor its own supply chain, citing the elimination of paper-based reporting in favor of smart digital contracts as a key benefit—simultaneously eliminating the risk of tampering.

Blockchain technology is clearly a very promising tool for dealing with forgery and helping prove a diamond’s provenance at every stage of the process. This can lead to a more ethical industry overall, as those selling and buying diamonds can have more confidence in where their products have come from.

However, it’s important to be realistic about how much change blockchain can actually drive. As argued by Everledger founder Leanne Kemp, there will always be potential for fraud and the existence of black market diamonds. Furthermore, blockchain can only make the diamond industry more ethical if companies actually use it. Although bigger businesses are harnessing the technology, there are plenty of smaller ones which are much less likely to understand blockchain or have the funds to implement it.

Nevertheless, blockchain technology can certainly help make the diamond industry more transparent, and if used more widely, could almost certainly contribute to a more ethical future for the world’s favorite gemstone.

Nikolay Piriankov, co-founder and CEO, Taylor & Hart

Bitcoin Diamond (BCD) operates on its own blockchain. BCD is minting through the mining process.

Current Bitcoin Diamond price is $ 0.484 moved down to -0.19% for the last 24 hours.

All time high (ATH) price of Bitcoin Diamond reached $ 209 on 13 Jan 2018 and fallen -99.8% from it.

Bitcoin Diamond's share of the entire cryptocurrency market is 0.01% with the market capitalization of $ 91.16 Millions.

Bitcoin Diamond’s 24 trading volume is $ 2.04 Millions. It is trading on 25 markets and 17 Exchanges the most active of them is OKEx.

Find more details about Bitcoin Diamond cryptocurrency at the official website and on the block explorer.

Diamond (CURRENCY:DMD) traded 0% lower against the US dollar during the 24 hour period ending at 11:00 AM E.T. on December 22nd. Diamond has a market capitalization of $4.63 million and $2,673.00 worth of Diamond was traded on exchanges in the last day. In the last week, Diamond has traded 5.6% lower against the US dollar. One Diamond coin can currently be purchased for $1.30 or 0.00005592 BTC on major cryptocurrency exchanges.

Here’s how other cryptocurrencies have performed in the last day:

Diamond Profile

According to CryptoCompare, “Algorithm is ASIC resistant Grøstl. 4.38 million total coins. Block solving target time ~ 100 seconds. Low transaction fee at 0.001. Mean time per block under 60 seconds. Difficulty retargets at every block. Endless Hybrid Network Security. Transaction Message. Fast and secure transactions with 6 required confirmations. Provision for continuous promotion and development. Brand new code base with up to date security patches and significant performance improvements.   “

Buying and Selling Diamond

Diamond can be bought or sold on the following cryptocurrency exchanges:. It is usually not possible to purchase alternative cryptocurrencies such as Diamond directly using US dollars. Investors seeking to acquire Diamond should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, Changelly or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Diamond using one of the exchanges listed above.

Bitcoin Diamond [BCD/BTC] on July 9 (#BCD #BCDBTC)ShortBitcoin Diamond / Bitcoin(BINANCE:BCDBTC) CryptoStation BINANCE:BCDBTC Bitcoin Diamond / BitcoinTrend AnalysisChart PatternsTechnical tcoinBCDBCDBTCbcdbitcoinbinance186 tcoindiamondbtcbitcoindiamondbitcoinbcdbcdbtcbcdbitcoinbinance BCD may be adjusted to 7700-7900sts or 6600-6800sts, we will consider buying when it comes back there because I think it will make some quick pumps once hit these zones▶️Telegram https://t.me/cryptostationchannel🌐Website http://www.cryptostationchannel.comCommentsСomment with cheerPost Comment

Bitcoin Diamond is believed to be better and more multifaceted than cash and holds lower transaction fees than any credit card would otherwise charge. Alongside this, it also extends stupefying exchange rates than any centrally backed currency leading to quick transactions with complete ease. BCD is one of the top cryptos amongst the top drivers of the global market and is better than holding fiat.

However, Bitcoin Diamond waived off its gains as the entire market crashed and the largest cryptocurrency by market capitalization—Bitcoin is testing supports around $10.3k in the intraday.

Bitcoin Diamond is not drawing a specific pattern against the US Dollar, and with a long bearish candlestick, BCD/USD plummeted from $0.97 to $0.54 on the 24-hour chart. The coin has lost a subsequent amount in the recent market crash, and the trend is currently breaching the lower 20-day Bollinger Band on the daily chart with completely lost support from 50-day and 200-day MA after plummeting below $0.85 & $0.65.

The widening of Bollinger Bands project widening volatility in the near-term and the coin is yet to reclaim the lost height that is marked at the onset of the year. While BCD draws a complete negative bias as it lost support around $1.0 and reclaimed to 3-month lows.

The MACD chart of Bitcoin Diamond also draws a bearish divergence, and the signal line crosses above the MACD line on the daily chart, which lacks traction. Similarly, the RSI of the coin is seen approaching the oversold region due to negating demand, which lies at 35.02.

Bitcoin Diamond (BCD)cryptocurrency payments facilitate great convenience and efficiency formerchants and customers.  Thetransactions are verified in just a matter of seconds. Merchants are gladbecause they are protected from high chargebacks.

Bitcoin Diamond (BCD) wasdesigned to work as peer-to-peer cash in a way to match the functionality oftraditional fiat currency.  The majorintention of this Bitcoin fork was to solve the problem of slow confirmationsand to deal with the issue of having to have high threshold requirements ofBitcoin.

The BCD pay is useful becausemerchants can offer their products and services without having to go throughthe burden of expensive processing fees.  Since there are no chargebacks, it is suitablefor merchants, and they are less affected when dealing with indecisivecustomers.

The Bitcoin Diamond facilitatedBCD Bazaar is the first crypto-only store. The products are hand-picked.  TheBCD pay facilitates an international market place, where it is possible to haveaccess to the products regardless of where the buyer is from.  The BCD pay International exclusively acceptscrypto, and it is possible to make purchases with Bitcoin and BCD.

The products in this Bazaar arefrom the best and popular online retailers who are curated to serve the globalmarket place.  Products are hand-pickedand added in the Bazaar more frequently.

Those who love electronic gadgetsand toys would not want to miss what is offered at the Bazaar.  To get started, users need to get a digitalwallet, Buy BCD, and pay with BCD.  Theminimum order limit is set at 212.45 BCD.      

Bitcoin Diamond (BCD) is hailedto be more versatile than Cash and more secure than fiat and far convenientthan a credit card.

Bitcoin Diamond (BCD) is betterthan fiat being a fork of the Bitcoin Blockchain.  The supply of Bitcoin Diamond is limited, andtherefore the inflation is kept under control. With BCD, the cost for transacting is less than a penny, and no currencyis required for purchasing products from any country.  BCD facilitates all good reasons forinvestors like 

The meteoric rise of blockchain technology has greatly contributed to the digital revolution. It is believed that the technology will someday achieve massive adoption across major sectors and it would be responsible for handling a greater part of the world’s exchange of value and information. To some, the fact that Bitcoin comes to mind on mention of blockchain seems to suggest that the technology is ‘not there’ yet. However, blockchain technology is not synonymous with Bitcoin; one of its numerous applications is in the development of digital currency (cryptocurrency), Bitcoin being an example of such. Although blockchain technology was initially developed as a public distributed ledger for verifying and recording Bitcoin transactions, it later became clear that blockchain technology offered limitless applications than a P2P digital currency system: it could be used to store any information of value, essentially creating the internet of value. Blockchain technology employs a system of distributed ledgers to securely and immutably store data in containers called blocks. Several use cases are constantly being discovered, with new blockchain platforms popping up now and then. One of the innovations developed to harness the full potential of blockchain technology are smart contracts. Smart contracts are self-executing blocks of code that enable seamless, automatic and secure exchange of value (tokens) on blockchains. Borne out of a need to eliminate third parties, smart contracts and tokenization work together, enabling nodes to perform trustless transactions. This implies that contracts can be drafted between individuals and preset actions executed automatically once set conditions have been met, without the need for a third party to verify the contract. So, for instance, a homeowner putting her house on rent could tokenize the tenancy agreement and create a smart contract to execute once the funds have been sent to a unique wallet address. The tenant would then get a digital access key after the payment is verified. In 2013, Vitalik Buterin proposed Ethereum, an open-source platform with a low entry barrier to enable programmers to easily develop and deploy decentralized applications (dApps). The development was funded through a crowdsale between July and August 2014 and the platform went live before the end of July 2015. The development of smart contracts opened blockchain technology to previously undiscovered use cases beyond digital currencies. Decentralized applications began to be developed in different industries, ranging from agritech, healthcare, aviation, government (especially voting and election management), and even the diamond industry. Impact of Blockchain Technology on the Diamond Industry Just as with any major industry, blockchain has a lot to offer the diamond industry from its vast array of groundbreaking features. This can be summarized into three T’s: transparency, traceability and tokenization. Transparency In an age where the global diamond market is taking necessary measures to ensure sustainability and eco-friendliness by eradicating the conflict (or blood) diamond trade and being ‘ecologically accountable’, blockchain technology seems ― and has proven ― to be the best approach. The blood diamond trade continues to be a drawback for the industry, even with the implementation of the. The Kimberley Process Certification Scheme involves local governments working with international organizations to ensure every diamond batch shipped from participating regions is certified. Let’s face it, though: humans are generally less trusting of (centralized) organizations these days; they trust the tech more, since they can get an insight into what’s happening behind the scenes. Apart from that, the certification scheme is convoluted and intricate, with an awful lot of proceedings and players leaving much room for bad actors―even though they claim to have a 99.8 percent success rate. The process could be more streamlined by implementing blockchain technology to provide real-time data, from the mine to the jeweler’s. Blockchain eliminates a central authority by serving as a single source of truth where nodes work have to work together (reach consensus) to verify transactions. This would ensure a fully transparent mining process, guaranteed to eliminate bad actors. Traceability Blockchain offers an immutable record of stored data, which implies that once the whole process is logged, it cannot be retroactively tampered with. All mining data (timestamp, output, value) will be immutably logged on the blockchain. As such, diamond batches could be easily traced back to their origins so owners can have full confidence in the traceability of their ‘clean’ diamonds. Also, auditing is fundamental to establishing provenance across the diamond supply chain, and blockchain provides a platform for audit and regulatory compliance. Tokenization Gold is generally preferred as a store of value by investors, mainly because there’s an easier way to standardize its value. Diamonds are also a valuable natural resource, and they can easily overtake gold as the preferred choice for investors because they’re portable and easy to grade. Blockchain proffers a viable solution, with an immutable decentralized ledger designed to keep track of each diamond’s data (including its value and provenance). To streamline the process, the diamonds could be grouped into sets of equal value, and each set packaged and logged on the blockchain. Once this is done, users can track diamond trades and movement across the supply chain using the unique IDs on each set. In another scenario, once information on each diamond batch has been registered on the blockchain, the value can be tokenized. The token can then be used as a transfer of value for purchasing diamonds. That way, traders can verify the diamonds’ provenance and ascertain whether they were ethically sourced. All in all, blockchain technology can effectively resolve current drawbacks experienced in the diamond industry, particularly sustainability and provenance. This will surely open more ways for disruption across the industry for a clean, sustainable diamond trade. Learn more about iCoin Written by

Last Updated February 11, 2021, 02:016 GMT

At the time of this writing, Bitcoin Cash’s price is up $4.15 (0.84%) from the hour prior. Bitcoin Cash has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 20 and 50 hour moving averages, resulting in them so that price is now turning above them. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Bitcoin Cash came into today up 6.3% ($30.52) from the open of the previous day, marking the 2nd day in a row an increase has occurred. The price move occurred on stronger volume; specifically, yesterday’s volume was up 37.05% from the day prior, and up 126.98% from the same day the week before. Out of the 7 instruments in the Top Cryptos asset class, Bitcoin Cash ended up ranking 3rd for the day in terms of price change relative to the previous day. Here is a daily price chart of Bitcoin Cash.

The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 10 days Bitcoin Cash’s price has gone up 7 them.

For laughs, fights, or genuinely useful information, let’s see what the most popular tweets pertaining to Bitcoin Cash for the past day were:

With Bitcoin being king, Other cryptos you can invest in are;-Ethereum( ETH) – Litcoin (LTC)- Cardano (ADA)- Polkadot (DOT)-Bitcoin Cash ( BCH)- Stellar (XLM)-Chainlink (LINK) -Binance Coin (BNB)-Tether (USDT)-Monero (XMR)-Tron (TRX)

Bitcoin Cash will soon be the leading crypto currency with most transactions… and they’re still only a fraction of Bitcoin’s price. Huge huge huge upside from Bitcoin Cash’s current price.

@ApeMoar mostly?”The study found that over 39% of the total energy consumed by PoW cryptocurrencies including Bitcoin, Ether (ETH), Bitcoin Cash (BCH) and others comes from renewable energy sources.”

In terms of news links for Bitcoin Cash here’s one to try:

Nasdaq is launching a Nasdaq Crypto Index (NCI). The 6 current constituents are Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Chainlink, and Stellar Lumens! : Stellar

TL;DR: Looks like a trial run for crypto ETFs in a small market, but may be harbinger for more serious ETF related news….Lets keep the good news flowing!…Diamond hands, Stelllar to the Moon🚀🚀🚀🌖🌖🌖💎💎💎🤲🤲🤲 Be careful about revealing such information online I hope they add more coins in the future like $DNT Bruh that coin and sub are dead Every single one of those cryptos is on Bitstamp, which is arguably the most regulated crypto exchange in the world, for better or worse.

Well-known Hollywood actress and recently-turned crypto enthusiast Lindsay Lohan announced via Twitter on Feb 15 that she’s giving away $10,000 worth of Ethereum, through her fresh Non Fungible Tokens (NFTs) “The Ethereum 10K”, which only have 100 pieces in existence. 

— Lindsay Lohan (@lindsaylohan) February 15, 2021

According to Lohan on Rarible, the competition works like this: any user who purchases at least one of these tokens stands a chance to randomly win the prize of 5.995 Ether ($10,687 at the time of writing).

Screenshot taken from Rarible

The amount raised through the NFTs sale would be donated to SaveTheChildren charity. In addition, a public acknowledgment from the charity would be made available on Twitter. Lohan would post the address of the Ethereum wallet, where the prize is being stored for now. The address is 0x5FFBC8B88B695868489Cd6eaFC83DE72Acd7aa87 and is verifiable through Etherscan.

“The moment this NFT gets sold out, I will randomly send this winning amount to the winner holding at least 1 edition of this NFT and give him a shout-out on my Twitter!”

The Ethereum 10k NFT, as seen above on Rarible, shows a picture of Lohan holding the Ethereum “diamond-shaped” logo close to her eyes. It appears to indicate that she’s looking at the world through the Ethereum blockchain, which bears some significance considering that the Ethereum blockchain powers a vast amount of crypto-projects and has a thriving economy.

Furthermore, the fees generated on the blockchain remain the highest among all crypto projects, thanks to the continually-rising popularity of DeFi. The Ethereum ecosystem is a complex mix of currencies, NFTs, DeFi protocols, Decentralized Autonomous Organizations (DAOs), funds, and all sorts of applications.

Ethereum, however, wasn’t the first cryptocurrency the actress chose to support.

She marked her entry into the crypto world recently by posting grand predictions on January 13, stating that “Ethereum is going to $10,000 and Bitcoin is going to $100,000” in what appeared to be a promotional video posted on Twitter.

Crypto Twitter was quick to point out her presence on Cameo, where she charges $375 for a request and likely a tweet. And judging by the fact that she made no mention of anything remotely crypto-related before her prediction video, chances are she was being paid to say those words.

She later tweeted “bitcoin to the moon” on Feb 10, officially becoming one of the latest media celebrities taking interest in this field, especially in issuing their own NFTs or collectibles on the blockchain, which has become a popular form of monetization for famous people. She has issued several NFTs on the platform until now and was also involved in a controversial tweet promoting the Tron blockchain on Feb 11, for which she was accused of receiving monetary compensation.

— Lindsay Lohan (@lindsaylohan) February 11, 2021

News Source

Bitcoin Diamond (BCD) Review 2020: Everything you need to know about the new Bitcoin-After 9 years of rapid development of Bitcoin, high transaction costs, and the Bitcoin no longer meet the demands of an increasing number of clients.

And all sorts of problems arise, which mainly consists of the following aspects:

The above are the main areas that Bitcoin Diamond (BCD) attempts to solve.

Diamond Bitcoin uses cryptocurrency blockchain and technology to give people in the world do not have a bank account and served with a currency they can access, trust and use.

They believe in a world where everyone has the same opportunities to build wealth.

However, there are 1.7 billion people who pressed from a bank account.

As a digital currency that is fast, secure, Bitcoin Diamond aims to free the trapped capital, intelligence, and creativity of emerging populations in the world.

With Bitcoin Diamond, you have access to a currency that is comfortable and safe for use wherever you live.

Meanwhile, Bitcoin Diamonds are not growing as a competitor of Bitcoin Bitcoin Diamond is not a fork of blockchain Bitcoin with enhanced technology while preserving the original features of Bitcoin.

Adding a new technique – Lightning network for faster transaction speed, more efficiently applied in the field of daily payments.

In addition, increasing the storage size and speed block-out of each block to the optimal value, to follow segwit and increase the use Bitcoin trading block storage unit Diamond and minimize the production of insulated blocks.

Bitcoin Diamond (BCD) is a fork of Bitcoin that occurred at the height of a predetermined block of 495 866 and there is the new chain will be created as BCD.

Diamond Bitcoin miners will begin to make a block with a new algorithm proof-of-work, and a row will develop and improve the speed of transactions based on the original features of the BTC.

This will lead to the bifurcation of blockchain Bitcoin. The original blockchain Bitcoin will continue to change, but the new branch blockchain will secede from the original chain.

It shares the same history with Bitcoin transactions to start branching out and come to a unique block of deviant.

As a result of this process, new cryptocurrency created what we call ‘Bitcoin Diamonds’.

In blockchain, hard fork is a change to a cryptographic protocol that causes permanent differences from the previous version.

When this change occurs, all users have to decide whether to adopt the new protocol (fork to the new blockchain) or continue to support the old protocols.

If the user simply fixed on a long chain, two blockchain then will anyone have identical transactions from before the fork, but now run on separate chains with their own unique history, node and protocol.

Through this kind of hard Bitcoin fork Cash (BCH), Bitcoin Gold, Segwit 2x, and now Bitcoin Bitcoin diamonds created from the chain end.

Yes Bitcoin Diamond (BCD) Legit. It is like any other cryptocurrency out there in the market.

Throughout human history, people have been doing the transaction. The currency has evolved over the years in the form of shells, beads, jewelry, coins, and most recently, fiat.

Fiat money is what most people today are used to. It offers significant benefits over its predecessors in terms of being relatively easy to transport and easy to measure.

However, fiat money is not without its limitations –

It can be worn inflation is volatile, especially under government control is not stable. It can be convenient to use when traveling between countries. It can be forged and can be stolen relatively easily.

Cryptocurrency solve this problem.

Here is a simple explanation of how the transaction cryptocurrency work.

For example, Maria in Venezuela wants to buy a mobile phone cases from Carlos in Colombia. Mary bought some Bitcoin Diamond (BCD) of the exchange and transfer of digital wallet to her.

From his wallet, he was sent to the BCD payment wallet address Carlos. The transaction is verified by multiple computers around the world (known as miners) with a cryptographic signature.

Once the transaction is confirmed, it will be added as a new block to blockchain BCD. With BCD, every transaction and wallet balance kept completely anonymous.

Almost immediately, the funds will appear in the digital wallet Carlos’ and he gave a mobile phone cases for Maria

Bitcoin Diamond (BCD) are available in the various exchanges. To get it cheaper and easier I suggest Binance Exchange, and if the first time you heard of binance or you know about it but you do not know how to use the app then read A-Z tutorial on Binance Exchange.

Diamond Bitcoin Wallet Each is guaranteed Bitcoin wallet can keep your BCD before they reach a height that has been set as a block of 495 866.

If your Bitcoin stored by a third party, such as an exchange, then you should inquire with them about your Bitcoin Diamond.

Verified wallet that support BCD is:

Ledger Nano wallets atom BCD pay Trustwallet Bitcoin Diamond Exchange Bitconin Diamond is avaible on some cryptocurrency exchange platform, and has the pair trading as BCD / BTC.

Binance Stock Houbi Okex Vindax Changelly Covesting and more

Everything you need in a single application such as:

Predicting Movement Crypto: Crypto-powered AI Tracker will predict the price of the exchange Binance Crypto. Crypto Tracker: AI-powered Quant Traders will buy and sell crypto API you on your Binance.

Crypto News: AI Bots powerful new findings and the latest trending news crypto functions.

Shopping with Crypto: Dozens of online stores that allow you to pay with proper crypto out of your wallet application.

Scan and pay: Pay, Receive, Exchange, and your Crypto Withdraw into another coin currency or fiat. Your Own Private Keys: Integrated Crypto Wallet allows you to become your own bank and have your private key.

In an age where many people are forced to serve money, Bitcoin currency Diaomond is to serve people.

This initiative will primarily focus on the people who live in areas where other currencies and financial insitutions have failed them as: international transactions, security and storage of wealth. Ultimately, this will increase the adoption of Bitcoin Diamond (BCD) and provide marginalized people with a currency that works for their interests.

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Photo by Ewan Kennedy on Unsplash For some reason, Bitcoin forks have been rallying extremely hard over recent days. Bitcoin Gold and Bitcoin Diamond have gained approximately 20 percent in the past two days alone, making them the best-performing digital assets in the top 100 coins by market capitalization. Litecoin, too, has performed well over recent days, actually outperforming Bitcoin over the past week. The LTC rally is somewhat explainable: the coin was added to PayPal’s cryptocurrency service for some reason, meaning that it is likely seeing a bid from retail players that don’t know much about digital assets. Avi Felman of BlockTower Capital noted, for instance, that LTC actually bounced higher at 5:00 pm EST earlier this week. This indicates that retail users bought the coin after work. The rallies in the other forks, though, came out of left field. Why would these tokens that were previously dormant suddenly surge higher? Right now, no one is too sure. If you search up the forks on Twitter, you will be hard-pressed to find an actionable bit of information that would have catalyzed this move higher. These coins are dropping somewhat after their initial pumps but remain far above the price points of just days ago. It is possible that this rally has to do with the ongoing Bitcoin Cash fork situation, which is going another consensus split/fork over further changes to the protocol. It is unlikely that this is the start of a longer-term rally for these coins: many in the crypto industry, namely those involved in decentralized finance, expect a further repricing of assets toward more “useful” cryptocurrencies and chains. Eric Conner, an Ethereum podcaster and developer, recently explained that from a fundamental standpoint, it is unclear where there is about nine times the amount of capital in “zombie chains” with little on-chain activity such as Bitcoin forks than DeFi coins: Jason Choi, head of research at Spartan Capital, has echoed this sentiment. As reported by CryptoSlate, he said on investing in Bitcoin forks: Unless smaller proof of work chains find unique use cases to attract new users, they may lose market dominance, in terms of users and the values of their underlying tokens, to more useful projects. Right now, the coins that are soon as the most useful are largely DeFi coins. Posted In: Bitcoin, Altcoins, Analysis Sign up Commitment to Transparency: The author of this article is invested and/or has an interest in one or more assets discussed in this post. CryptoSlate does not endorse any project or asset that may be mentioned or linked to in this article. Please take that into consideration when evaluating the content within this article. Disclaimer: Our writers' opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.

Due to its price volatility, bitcoin and other cryptocurrencies are often used as investments. But now, more opportunities to make purchases with cryptocurrency are available than ever before. Purchases can now be made through third-party vendors like Paypal, directly with a business that accepts cryptocurrency, or on a peer-to-peer payment platform through a cryptocurrency escrow payment.

Using one of these methods, users open themselves to a variety of products that can be purchased with cryptocurrency. Some of them include:

Although Expedia no longer accepts Bitcoin, CheapAir has recently expanded its payment methods to include Ethereum (ETH), Litecoin (LTC), Dash, and Bitcoin Cash (BCH) for payments on flights, car rentals, and railway tickets. The company continues to promise its cryptocurrency users that as new coins are released, they will continue to update their payment methods to reflect consumers' popular choices.

The website ScubaOtter is a popular choice for making purchases of scuba gear with bitcoin.

Cryptocurrency enthusiasts can now purchase some of their groceries with Bitcoin, Litecoin, or the Gemini Dollars through the app 'Spedn,' after a partnership with Whole Foods. The Flexa spending app can also be used at Baskin Robbins, Jamba Juice, and several other food retailers in America.

Other countries have followed the trend towards digital payments as well, including KFC Canada. KFC made bitcoin available for payment and created the specialty bitcoin bucket. In France, the Just Eat service also announced that they could accept Bitcoin when ordering food through their platform.

Popular websites such as Gyft, Coingate, and eGifter allow users to pay for gift cards using bitcoin and several other altcoins, including Bitcoin Cash and Litecoin. Gift cards can be purchased for a variety of retailers, including Dunkin Donuts, Best Buy, Target, Nike, Airbnb, Footlocker, and Home Depot.

Many investors have chosen precious metals as an investment to diversify their holdings. Now there are many options to purchase these assets with cryptocurrencies.

Bitcoin is the first of the cryptocurrencies to be used for big-ticket purchases such as real estate. In fact, Greater Property Group in Canada recently shared their digital currency program. By partnering with digital currency trusts, sellers can accept offers with bitcoin or Ethereum and choose if they want to receive the funds in fiat or digital currency.

Reed Jewelers, a jewelry store in the United States with over 74 years of experience, has recently started accepting bitcoin as a form of payment for watches, wedding bands, gems, diamonds, and anything else they sell in their stores.

For online purchases, users can use the "Pay with Bitcoin" option on their checkout page. In-store, users simply need to let one of the advisors know that they would like to pay with bitcoin.

For those who happen to be Dallas Mavericks or Miami Dolphins fans, digital currencies are another payment at your disposal. Shark Tank investor and avid bitcoin collector Mark Cuban has been behind the acceptance of bitcoin to buy tickets for upcoming games or any item sold at the stadium for Mavericks games. Similarly, the Miami Dolphins have allowed patrons to purchase food and tickets using the cryptocurrency Litecoin.

Furniture retailers like Overstock.com have also provided options for making purchases with digital currencies. On their website, users can purchase electronics, mattresses, coffee makers, tools, and rugs. To accept bitcoin, Overstock.com partnered with the Coinbase platform. By selecting "Pay with Bitcoin" in the payment information section, users are prompted to provide their information, including a Coinbase account or Bitcoin address.

Etsy, a globally renowned e-commerce platform, allows sellers to set bitcoin as a method of receiving payments from their purchases. Etsy isn't the only platform to do this; Shopify and Square have also made offerings available to allow small businesses to accept crypto. Furthermore, Blockonomics, a decentralized payment solution, has worked with the website platform WordPress to make Bitcoin integrations easy for business owners. As a result, many custom items or products created by small business owners can now be purchased with specific cryptocurrencies.

This is only a partial list of the places where you might choose to spend your cryptocurrency. After all, with a little creativity, such as transacting with sellers directly on a cryptocurrency escrow platform or purchasing gift cards, just about anything can be purchased with digital currencies.

Coinsquare is a popular cryptocurrency exchange in Canada offering trading in Bitcoin, Ethereum and several other coins.

While cryptocurrencies remain a highly speculative asset, so far in 2021, their uptake by retail and institutional investors has been unprecedented.

And, Canadians looking to bet some money on crypto-assets can gain access using platforms like CoinSmart, Wealthsimple, Crypto, Bitbuy, NDAX, and Coinsquare.

This Coinsquare review covers its fees, security features, cryptocoins offered, recent news, referral program, and more.

Coinsquare Canada is a cryptocurrency exchange founded in 2014. Its headquarters is based in Toronto.

The platform offers more than just trading opportunities for everyday folks. It also has an Over-The-Counter (OTC) desk for large volume cryptocurrency trades ($25,000+) and dedicated account management via Coinsquare Wealth.

Coinsquare was in the news recently regarding wash (fake) trades “authorized” by its co-founders – Virgile Rostand and Cole Diamond.

Both individual have since stepped down from their executive roles after paying penalties levied as part of a settlement with the Ontario Securities Commission (OSC).

In February 2021, the crypto exchange launched its mobile app “Quick Trade” on both iPhone and Android devices.

Coinsquare’s sign-up process is similar to the other cryptocurrency platforms we have reviewed.

To get started, you can sign up here. After verifying your email address and phone number, you are required to provide additional information including a:

This KYC verification is a legal requirement. When your account has been fully verified, you can fund it using Interac e-Transfer, wire transfer, and digital currency deposits.

Coinsquare offers trading in:

The trading fees vary depending on whether you are using Quick Trade (instant trades) or Bit Markets (advanced platform with multiple order types).

When using Quick Trade, you pay 0.20% for trades using BTC (single trades) and 0.40% for trades not involving Bitcoin (double trades).

Bit Markets fees are lower at 0.1% for liquidity trades (Maker) and 0.2% for trades that remove liquidity (Taker).

Deposits are free, however, a 2% fee applies to withdrawals.

It is free to deposit the supported digital currencies. If you withdrawal crypto, these fees apply:

The withdrawal fees for digital currencies varies with Quick Trade and Coinsquare’s advanced platform. Check their website for the most updated information.

Related: How To Buy Bitcoin in Canada

This is a good time to remind you that cryptocurrency trading is a risky venture. You can lose all your money regardless of which platform you are using.

Coinsquare is a registered Money Service Business in Canada and it is required to comply with the regulatory framework put in place by FINTRAC (Financial Transactions and Reports and Analysis Centre of Canada).

As per its website, the company has a 95% cold storage policy and uses encryption to protect your account information.

Similar to other crypto exchanges in Canada, Coinsquare is not a member of the Canadian Investor Protection Fund (CIPF). What this means is that your investments are not insured should the firm become insolvent.

Coinsquare has a referral program that pays you up to 45% commission of their fees. You can copy your referral code or link from your account dashboard and share it with friends.

Your referral (friend) receives $10 in BTC when they fund their account with at least $100.

We compare Coinsquare with Bitbuy, Wealthsimple Crypto, and CoinSmart below.

Related: NDAX Canada Review.

Coinsquare is a popular cryptocurrency exchange in Canada. This Coinsquare review covers its fees, coins offered, referral code and whether it is safe.