Bitcoin Diamond (BCD) has doubled or around 100% in the last two days.
BCD price was only IDR 29,879 on June 8, 2021 trading. In today’s trading, BCD touched the highest price of IDR 61,775. This also makes BCD the crypto asset with the highest volume on Indodax at IDR 191 billion on June 10, 2021.
Bitcoin Diamond is the result of a hard fork of bitcoin. A hard fork is a permanent change to the blockchain version from the previous one, so all nodes must upgrade their blockchain to the latest version.
Over time, the Bitcoin fork also developed with the presence of various digital currencies similar to Bitcoin, such as Bitcoin Gold, Bitcoin Cash, and Bitcoin Diamond (BCD).
However, did you know that Bitcoin Diamond (BCD) differs from Bitcoin (BTC)? Let’s see the difference.
Understanding Bitcoin Diamond (BCD Coin)
Bitcoin Diamond (BCD Coin) is a hard fork or system change born from Bitcoin in block 495866. This became a significant change in the Bitcoin system, and a new chain emerged: Bitcoin Diamond.
People instantly develop blocks with a proof of work (mining) system with different mining from BTC because the BTC chain has separated from BCD.
Advantages of Bitcoin Diamond (BCD Coin) Compared to Bitcoin (BTC)
Bitcoin Diamond (BCD) is here to solve some problems with Bitcoin (BTC). BCD possesses several advantages.
- Faster Transaction
The BCD network can provide solutions to Bitcoin (BTC) problems. The first is faster transactions. Because BTC has a limitation of only having 1 megabyte. So, BTC is only able to record three transactions per second.
In contrast to BCD which has a larger block so it is faster. BCD has a capacity of 8 megabytes. So it can record 100 transactions per second.
- Cheaper Transaction Fee
The total amount of BCD is ten times more than BTC, so the cost and threshold will be lower. This can make transactions much cheaper than BTC.
- More Private
BCD can hide the data of people who make transactions. Unlike BTC, which can be seen or tracked by anyone. This allows BCD to be useful for people who want more private transactions.
Reasons Bitcoin Diamond Soars Up
The news about El Salvador a few days ago raised the price. Also, BTC and Bitcoin Gold (BCG). El Salvador will be the first country to become a country with Bitcoin currency.
According to the President of El Salvador, Nayib Bukele, as the news circulated, Bitcoin will solve the problems in El Salvador. Bitcoin is considered good financial literacy, an inflation hedge, and an efficient measure of attracting foreign investors.
How to Buy Bitcoin Diamond (BCD) on Indodax
You can buy Bitcoin Diamond (BCD) with Rupiah at Indodax. Here’s how to buy it:
- For those who are not yet a member, click the link here.
- After that, make a deposit. For those of you who are confused about how to deposit, if you click this link.
- After your deposit and balance come in, you can return to the market.
- Look for BCDs. Then click.
- After entering, you must buy by filling in the balance and at what price you want to buy BCD. Or you can also buy it instantly or directly.
- After that, you need to wait for the price to increase for some time patiently.
- After the price increases, you can sell it at a higher price with the instant method.
- You can place an order after buying if you sell with the limit method. Make sure you enter a higher number when selling.
For those who want to know more about bitcoin, blockchain, or other ways to invest in crypto assets, you can learn bitcoin for free at Indodax Academy. So what are you waiting for? Join now!