New Bitcoin Fork – Bitcoin Diamond (BCD)
Bitcoin Diamond (BCD) is a fork of Bitcoin that occurs at the predetermined height of block 495866 and therewith a new chain will be generated as the BCD. 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. This will cause a bifurcation of the Bitcoin blockchain. The original Bitcoin blockchain will continue unaltered, but 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”.
How To Get Free BCD
Before the fork
- Check the current block height at https://blockchain.info/
- Buy BTC as much as you can before block 485865
- Stop purchase BTC when the BTC block chain reach 485866 (Hardfolk will start from this point)
After the BCD fork complete
You need not do much, but you need to be updated and agile about this subject. The ration is follow as 1:10, it mean that if you bought 1 BTC before the folk, you will have 10 BCD (awsome, it's free)
If you want access to your BCDcoins, you need to take care of two things:
- You should have your private keys.
- You should avoid being replay attacked.
And here’s the important part: Both of your coins (BTC and BCD ) will have the same private keys.Moreover, due to this fork/split, another problem called Replay Attacks can happen.Though, they say that they have replay protection in place, but we are not sure how effective it is as it has not been tested live.So to avoid replay attacks and access your free BCD coins, we suggest you take care of the following things:
- Avoid transactions for some days until the dust settles to avoid replay attacks.
- Keep your Bitcoin private keys with you, not in a third party exchange like Coinbase
- Use hardware wallets like the Ledger Nano Sand Trezor. Last time, during the Bitcoin Cash fork, these two hardware wallets were the first to support the forked coin. (Buy bitcoin before the folk and put it to your hardware wallet, highly recommended)
- If you don’t have a hardware wallet, use software wallets like Mycelium, Jaxx, Coinomi, to control your private keys.
- You can also use a paper wallet or software wallet
- If you hold your keys in a paper wallet or software wallet, wait for instructions on how to access your BCD coins (On well-know exchange)
- You can keep your BTC on a BCD supported exchange also if you need quick access to your BCD but this is highly risky and not recommended from us. So if you do so then please do it at your own risk