Bitcoin Gold or Comedy Gold? Bitcoin Diamond Launches With 4.2 Bln Coins
The mysterious new Bitcoin Diamond hard fork has come into existence, but not much is known about its focus.
A fresh new Bitcoin fork successfully debuted Friday, but its 4.2 bln coins are already raising questions.
Bitcoin Diamond (BCD), which launched at block 495866, aims to switch from proof-of-work to proof-of-stake after mining is completed - after just 10,000 blocks.
A curiously complex introduction on Bitcointalk Nov. 22 paved the way for Bitcoin’s latest doppelganger, which unlike previous incarnations Bitcoin Cash (BCH) and Bitcoin Gold (BTG) has hardly anything in common with Bitcoin (BTC) at all.
Despite claiming a 28-exchange support figure, however, little is known about what BCD aims to achieve.
An anonymous developer team, along with an anonymous ‘Bitcoin Diamond Foundation,’ appears to be in charge of the groundwork, yet user queries about accessing coins yield a standardized response.
Those wishing to unlock their BCD balances should ask wallet providers themselves, developers suggest, apparently hoping combined pressure will force the Bitcoin ecosystem to adapt to yet another hard fork.
That process is slowly occurring with Bitcoin Gold, the previous fork of the network which is nonetheless gaining momentum on markets.
Data from Coinmarketcap shows all-time highs of $526 could well be surpassed if current enthusiasm remains. Over the past 24 hours, BTG has gained more than 40 percent.