The Birth Of New Bitcoin Fork-Bitcoin Diamond (BCD) Launched with Extensive Research and Development. - Reuters


The Birth Of New Bitcoin Fork-Bitcoin Diamond (BCD) Launched with Extensive Research and Development.

The Birth Of New Bitcoin Fork-Bitcoin Diamond (BCD) Launched with Extensive Research and Development.

Fri Nov 10, 2017 - 11:30am UTC

After nine years of rapid development of Bitcoin, Bitcoin Diamond, a new cryptocurrency, was recently launched and the innovators dubbed it as the fruit of their long-term research and development.

Singapore, Singapore – November 10, 2017

Bitcoin Diamond, a new cryptocurrency was recently launched by Team EVEY& Team 007, two teams of bitcoin miners who were not happy with some of the major downsides of Bitcoin. After nine years of rapid development and various issues that the miners faced with Bitcoin, such as lack of privacy protection, high transaction fees and slow transaction speed, the teams finally collaborated and rolled out Bitcoin Diamond.

Bitcoin Diamond or BCD will solve the known downsides of Bitcoin, according to Bitcoin Diamond Foundation, the collaborative venture.

“Bitcoin Diamond is a fork of Bitcoin that occurs at the predetermined height of block 495866”, said an EVEY team member while also launching the official website

“Bitcoin Diamond miners will begin creating blocks with a new proof-of-work algorithm, and will consecutively develop and enhance the protection for account transfer and privacy based on original features of BTC. The original Bitcoin blockchain will continue on unaltered, and a new branch of the blockchain will split off from the original chain. It shares the same transaction history with Bitcoin until it starts branching and coming into a unique block from which it diverges. As a result of this process, a new cryptocurrency was created which we call “Bitcoin Diamond””, he commented.

According to the team member, Bitcoin Diamond has various benefits, such as better privacy protection, encryption of the amount and balance which protects customers’ privacy and faster transaction confirmations.

“Bitcoin Diamond has raised the block size as part of a massive on-chain scaling approach. There is ample capacity for everyone’s transactions. The speed of generating blocks will be increased five times and the ultimate goal is to improve transaction confirmation speed for the entire BTC blockchain”, said another team member.

He also added that Bitcoin Diamond will lower the cost for participation thresholds. According to him, it will reduce the transaction fees and the cost of participations. “The total amount of Bitcoin Diamond is ten times as much of Bitcoin which will reduce the cost of the new participations and lower the thresholds”, he told the press.

About the Company

Bitcoin Diamond (BCD) is a fork of Bitcoin based on Bitcoin protocol and a new cryptocurrency.

To know more, visit

Contact Info:
Name: Media Relations
Organization: Bitcoin Diamond (BCD)

This content is produced independently of Reuters Editorial News. For content inquiry, please contact

For content enquiry, please reach us at

Latest News >

WorldRemit raises US$40 million with plans to move into Indonesia

Leading digital money transfer service WorldRemit has raised US$40 million to drive its next phase of expansion to Indonesia.

09:02am UTC

InterVest, Kejora near to closing US$100 million venture fund

This Southeast Asia fund from InterVest and Kejora Ventures is aimed to help South Korean startups expand to the Southeast Asian region.

12:04pm UTC

Dentsu Aegis Network to acquire Indonesian digital marketing firm Valuklik

Following this deal, East Ventures and individual shareholder John Marco Rasjid will exit Valuklik.

16:00pm UTC

Rockstart Impact to kick off its first accelerator program in Myanmar

Rockstart Impact is an accelerator programme that focuses on developing countries in Southeast Asia.

06:19am UTC

Indonesia's Telkom to buy Malaysian satellite VSAT operator TS Global Network for US$26 million

Telekomunikasi Indonesia is the country's largest telecommunications company in the country.

04:33am UTC