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Bitcoin Diamond (BCD) exchange rate

Price for today

0,125 USD 1,86%

0,00000466 BTC 1,86%

Market Cap
23,282,432 $
Volume 24h
39,224 $

  • Name: Bitcoin Diamond

  • Symbol: BCD

  • Circulating supply: 186 492 900 $

  • Max supply: 210 000 000 $

  • Cmc rank: 568

  • Volume 24h: 39 224 $

  • Percent change 1h: -2,6 %

  • Percent change 24h: 1,9 %

  • Percent Change 7d: 0,61 %

About Bitcoin Diamond

Bitcoin Diamond is the Bitcoin fork which occurred in late 2017. The platform claims to have a bigger supply and larger block size which helps to enhance the transaction speed, accelerate transaction confirmation times and decrease entry threshold for new users. While keeping the original Bitcoin characteristics, this open-source project offers advanced technology and innovative solutions to the problems of scalability and usability. The blockchain-based Lightning Network is designed to carry out instant transactions between senders and receivers. With the help of smart contracts, the Network also improves well-established transaction channels and places most of them outside the blockchain.

Top Exchanges:

What Is Bitcoin Diamond (BCD)?

This page will introduce you to the BCD crypto. Bitcoin Diamond has been branched out from the original Bitcoin cryptocurrency blockchain. It was created to provide faster transactions by increasing the block size, as well as a more secure and democratic mining protocol. 

It is a hard fork of the original Bitcoin protocol. In 2017, two teams of Bitcoin miners — Teams Evey and 007 — joined forces to fork the code. They felt that the original BTC protocol veered away from the promise of providing fast and accessible transactions. 

For this reason, they decided to bifurcate from the original blockchain and increase the block size of the Bitcoin network. On the 24th of November of that year, the Bitcoin Diamond network was created, by forking at the 495866th block. It modified the consensus algorithm in order to address the original’s crypto shortcomings by increasing the block size to 8MB (from 1MB).  

This allowed each block to hold more transactions (and faster block generation), making the network more suitable for daily payments. And like with other hard forks, Bitcoin holders were airdropped the same amount of BCD crypto in their wallets. 

Bitcoin Diamond Price Index

Unlike many of the coins released in 2017 that managed to become very successful in that period, this was not the case for Bitcoin Diamond. Shortly after the fork, the Bitcoin Diamond price sharply declined, losing almost all of its value. 

Over the course of the ensuing bear market, the Bitcoin Diamond price never managed to recover. That said, in the short term, its value is seen as highly volatile. The Bitcoin Diamond to USD price can fluctuate considerably in short time frames, making this coin very interesting for day traders. The BCD price chart candles show +-10% price spikes in just a couple of hours, which is ideal if you want to make some quick profits. 

That said, even though the Bitcoin Diamond price seemed to stagnate for the good part of its history, the latest bullish market has woken up investors. At the peak of the market, BCD investors were registering fourfold gains. Consequently, Bitcoin Diamond can be considered as one of the highest-performing cryptocurrencies in the last cycle. 

Circulation of Bitcoin Diamond

Bitcoin Diamond‘s block creation is 10 minutes. With every newly created block, miners are rewarded with 62.5 BCD. Additionally, Bitcoin Diamond also kept the halving mechanism of the original Bitcoin blockchain. 

This means that for every 210,000 blocks mined, the reward is cut by half. Consequently, the next halving that will occur in 2024 will result in miners receiving 31.25 BCD per block. Currently, there are 186.5 million BCD in circulation. The maximum supply of BCD is fixed at 210 million, which is 10x that of Bitcoin. 

Worth noting is that this deflationary reward mechanism should be beneficial to the Bitcoin Diamond price USD. As less and less BCD are introduced to the markets over time, the coin becomes more scarce, therefore more valuable. 

Ways of Buying BCD

If you want to take advantage of the volatility of Bitcoin Diamond price, you will need to find a reliable exchange to convert BCD. It’s essential that the BCD exchange platform you choose provides you with fast transactions, low fees, and high security. 

As a fork of Bitcoin, BCD is represented on most popular cryptocurrency exchanges. Consequently, you won’t have any trouble trading it for other cryptocurrencies and vice versa. The thing is that these exchanges only provide a few different trading pairs and require extensive KYC to exchange BCD. 

On Godex, you can use the BCD converter to exchange BCD for more than 300 coins and tokens. Moreover, we won’t ask you to register an account before you can use our services. 

Additional advantages of using Godex for conducting a BCD exchange include:

  • Full privacy. No need to provide any type of personal information or document to confirm your identity. 
  • No upper purchasing limit. You can exchange BCD without any limits. 
  • Fast transactions. The interface allows you to buy Bitcoin Diamond in just a couple of clicks and receive your coins directly in your wallet within minutes. 

F.A.Q.

How Does BCD Work?

The Bitcoin Diamond blockchain split off Bitcoin, and its main goal is to become a P2P payment network. As such, it inherits most of its characteristics from the original cryptocurrency, including: 

  • it has a limited maximum supply. However, where Bitcoin is limited to 21 million, there will be 210,000 BCD created over time.
  • It has a block time of 10 minutes, which is exactly the same as Bitcoin. This means that every 10 minutes, a new block of transactions is added to the BCD blockchain with a 62.5 BCD mining reward.
  • BCD has a block size of 8MB. This is 8x larger than Bitcoin, allowing the Bitcoin Diamond network to approach 100 tps.

BCD was created with the goal to improve upon the original Bitcoin payment network by providing cheaper and faster transactions. It achieves this by increasing the block size and removing Bitcoin’s complex SHA-256 mining algorithm. Instead, it uses the X13, an algorithm that was created to resist ASICs and provide miners with a more democratic approach to mining rewards. 

To conclude, the transactions on the BCD network are organized in blocks and chained together on the blockchain using cryptography.

How Many Bitcoin Diamond (BCD) Coins Are There in Circulation?

The circulating supply of a coin is the total number of coins that are available to the public. The maximum supply is the number of coins that will ever be mined. 

Bitcoin Diamond follows a 10-minute mining block schedule with 62.5 BCD being released with each new block. Currently, there are 186,5 million BCD coins in circulation out of a maximum of 210 million. The last BCD coin is expected to be mined somewhere in 2140.

How to Exchange Bitcoin Diamond (BCD)?

Before you get started with your Bitcoin Diamond exchange, there are some prerequisites: 

  • Conduct a thorough technical analysis to find the best possible market entries and exits. This should allow you to optimize your profits.
  • Find a reliable BCD exchange to convert your coins. Godex should be your go-to solution. It provides speed, security, privacy, ease of use, and a wide choice of trading pairs.

The process of BCD exchange is extremely simple on Godex. Here’s how to do it: 

  1. Choose you sending and receiving cryptocurrencies. You can do this by clicking on the drop-down menus in the Godex BCD converter.
  2. Provide an amount that you wish to swap.
  3. Paste in your wallet address (where you want to receive your coins). Ensure that this is 100% correct — a typo might lead to irreversible loss of funds.
  4. Use your wallet app to sign the transaction and complete the process.

We won’t ask you to register on the website. This is because Godex wants you to have the best possible crypto exchange experience. With Godex, you will save time and maintain your privacy at all times.

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