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Speaking of Bitcoin Diamond, we will think of the fork craze in 2019. At that time, there were many forked coins on the market, and BCD was one of them. Its total issuance is 210 million coins and will never be issued. . The biggest feature of BCD is its low transaction fees and scalability. It has been two years since the BCD fork. The current mainnet operation is still relatively stable, the market popularity is maintained, and the community consensus is also good. Compared with Bitcoin, the practical applications of BCD are still too few, but the technical development is still very good. Many investors are curious whether Bitcoin Diamond is a mainstream currency? Can BCD coins rise? Now let the editor of the currency circle tell you about it.

## Is Bitcoin Diamond a mainstream currency?

According to the latest market data, as of 15:10 on August 9, 2021, the price of BCD currency is US$2.5396, its circulating market value is US$473 million, and it ranks 85th globally. It is not a mainstream currency.

Bitcoin Diamond digital currency code: BCD, full English name: Bitcoin
Diamond, Bitcoin Diamond is one of the forked coins of Bitcoin. It forked at Bitcoin height 495866. After that block, a new Bitcoin series chain will be formed and BCD will be generated. Bitcoin Diamond miners will use the new work verification algorithm to start creating blocks, and will gradually add transfer privacy protection and other functions to the original features of Bitcoin, which will lead to the fork of Bitcoin.

The original Bitcoin blockchain will continue to remain unchanged, but a new forked chain can be separated from the original chain. The new branch is the same transaction history as Bitcoin up to the fork, and then produces unique blocks that forked from it. As a result of this process, a new encryption mechanism will be born, and we call this new Bitcoin fork chain Bit Diamond.

## Can BCD coins rise?

The field where BCD is located is a fork of Bitcoin. Bitcoin Diamond miners will use the new work verification algorithm to start creating blocks, and will gradually add transfer privacy protection and other functions to the original features of Bitcoin, which will lead to Bitcoin of bifurcation. The original Bitcoin blockchain will continue to remain unchanged, but a new forked chain can be separated from the original chain. The new branch is the same transaction history as Bitcoin up to the fork, and then produces unique blocks that forked from it. As a result of this process, a new encryption mechanism will be born, and we call this new Bitcoin fork chain Bit Diamond.

Except for Bitcoin Cash, all forked coins actually do not have much investment value, and it is difficult to rise again. Bitcoin Cash barely passed because of the endorsement of super mining giants like Bitmain. After the success of Bitcoin Cash, it attracted a large number of people to fork Bitcoin, such as Bit Gold, Bit Diamond, and it is estimated that it will be further divided into Bit Red Diamond, etc. Bit Green Diamond, Bit Yellow Diamond, and Bit Purple Diamond are all going to be separated. This kind of currency discussion technology is too luxurious. It is just cutting leeks. Only when this kind of atmosphere is eliminated can people who want to fork give up. The key is The price is still expensive, but if it’s cheaper, it still has hype value.

To sum up, this is the editor’s answer to the two questions of whether Bitcoin Diamond is a mainstream currency and whether BCD currency can rise. I hope this article can help investors who don’t know much about BCD currency. After many people see others getting rich overnight through currency speculation, they are often eager to give it a try and feel that they can do it too. However, wealth cannot be obtained easily, except for a small number of very lucky people. As the general public, we, Blind confidence may make us become real losers, so don’t imagine that good luck will come to you every day. Spending more time learning and practicing is the best way.