fastest version of bitcoin
Almost instant confirmation
bitcoin's first proof of stake
BitcoinDiamond is the world's first Bitcoin's Proof-of-Stake having speedy transactions on Bitcoin's source. It's based on the Bitcoin's Platform with POS Standard and implements all standard methods. As a Bitcoin's Version, BitcoinDiamond first implements the Proof-of-Stake mechanism, meaning that holders of it can earn some extra coins just by holding for a period of time, greater than or equal to The Minimum Coin Age.
Furthermore, the idea behind Bitcoin's Mix is not only to issue a simple Bitcoin with Proof-of-Stake mechanism but also to define a brand new Standard for Proof-of-Stake coins. A interface including some standard functions was defined in the code of BitcoinDiamond, which is like the Bitcoin standard. It's a new coin Standard devised specifically to help developers easily issue Proof-of-Stake coins. It's a real innovation and we believe that a new era of Bitcoin has started in its new revised form.
Why is it Bigger?
BitcoinDiamond has a maximum coin supply of approx 4.6 billion virtual diamonds, approximately 300 times more than Bitcoin's supply. With over 7 billion people on earth, this will provide enough BitcoinDiamond and is for everyone without creating any hassle for community. It will take another 93 years before BitcoinDiamond's cap is reached.
Bitcoin Diamond's Bounty
Proof of Stake Method
BitcoinDiamond (BID) uses the Proof of Stake method to secure all transactions. This means whoever is holding BitcoinDiamond can decide to use the coin to help verify the transactions in the ledger. This process is called staking and this is how the newly issued coins are introduced to the network.
Anyone can stake coins and be rewarded with newly issued BitcoinDiamond. All you have to do is download a wallet and keep the wallet online to process the transactions. This uses your computing power to distribute and verify the network and you get rewarded.
BitcoinDiamond uses open source code, which means everything is public and can be checked, this is what makes digital currency so powerful. Everything is transparent and available for viewing and nobody has anymore authority than anyone else. Your authority only comes based on how much Bitcoin Diamond you are holding and staking and anyone can be part of this network.
Anybody can start using Bitcoin Diamond to transfer money to friends, family, or to pay for goods and services. Bitcoin Diamond gives you complete control over your money because you are the only one who can transfer it from your wallet to another wallet. Without your private key nobody can touch your Coin , which makes it very safe and secure. You can also stake your and earn 100% interest for helping support the network.
Any business in the world can start accepting Bitcoin Diamond for their goods and services. Bitcoin Diamond gives merchants more options and felxibility to accept payments from all over the world. Bitcoin Diamond is safe, cheap, and easy to use with no charge backs, low fraud and no compliance hoops or banks to deal with.
Calling all Developers! Bitcoin Diamond is open source and we are looking for more developers to contribute to our platform. We are building API's that will help with exchanges, wallets, and anything else making the coin easier to use. BitcoinDiamond is ideal for micro and large payments. With the strength of BitcoinDiamond Network members we believe this coin will be adopted very easily and the ecosystem will be thriving. We would love to have you part of it!
Staking your coins is easy! All you have to do is download the wallet and once you have mature Bitcoin Diamond in your wallet they will begin staking automatically. You will need to set how many coins you DO NOT want to stake if you plan to spend them.
All Bitcoin Diamond transactions are made public. You can view them all on our block explorer!
You can buy from the exchange we will be adding the exchangers on the exchange page check out.
We will be announcing more details about our merchant platform soon We will adding page for the businesses.
Purpose of Development
To create a payment system for the future. To be accepted initially amongst the crypto community and progressively around the world. We have created a cryptocurrency that is safe,reliable and fast. We have a clear focus on ease of use ans building a community of like-minded individuals.
No intermediary costs
Customers now don’t have to worry about the inflated prices of the goods and services as no intermediary cost is involved in this decentralized network
as there are only 1000 Blocks then the Coin becomes full Proof Of Stake
4.6 Billion Bitcoin Diamond exists and 10% premine are being distributed to Bitcoin Diamond Network members.After Pow Ends No new coins will be created using Proof-of-Work method, all new coins will be issued at the 100% yearly interest paid to holders of Bitcoin Diamond who are staking their coins. This drops in half every 2 years.
Large Distribution & Low Inflation
Bitcoin Diamond was first introduced to BitcoinTalk Network members as a strategic way to distribute the coins across a global network of users. This model gives Bitcoin Diamond plays unique advantage over most coins in the market as it will continue to be issued and distributed worldwide to a fast growing user base.
Built-In User Adoption
Block Size under 500 Bytes