Like all the other coins with names that include the word “Bitcoin,” Bitcoin Diamond is a hard fork of the original Bitcoin .
The fork implements a different proof-of-work algorithm that is supposed to be better suited for deterring attacks on the network than Bitcoin.
The name confusion, combined with the trend of seeking out “coins to explode,” has led to huge trading influxes in coins like BCD.
Some analysts are bullish on the coin in the midst of its recent gains.
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