BLOG

What you should know about the word "Bits Diamond Coin"

Bits Diamond Coin is no more a term alien to most, especiallyfor people of crypto land. However, there are many people who know a lot about cryptoland or Bits Diamond Coin. And that is my inspiration today - writing for suchpeople and making them aware about terminologies.

But, before we live directly in the Bits Diamond Coinconcept, it is important to know about its history and how to start it.

A cyberpunk is any worker who advocates the use of strongcryptography and privacy-enhancing techniques as a path for social andpolitical change.

In the above definition, cryptography is a form of encryptionbased on complex mathematical principles and computer's best practices, whichare practically infeasible to decrypt.

With the origin of cryptocurrencies, the formation of Bitcoin,such cryptography can be detected, as developed and tested by cyberpunkmovement. Satoshi Nakamoto, founder of Bitcoin, is also believed to belong tothis group of cyberpunk. Now when you have a proper background ofcryptocurrencies, we talk about what Bits Diamond Coin really is.

What isBits Diamond Coin?

Bits DiamondCoin is a peer to peer internet currency that enables instant, neat-zero costpayments to anyone in the world. Bits Diamond Coin is the form of digital moneythat uses encryption to secure transactions and control the creation of newunits.

The plan wasto make a form of currency not controlled by government or businesses that youcould trade globally with no cost and without having to reveal your identity.It is an open source, global payment network that is fully decentralizedwithout any central authorities.

In BitsDiamond Coin mathematics secures the network and empowers individuals tocontrol their own finances. Bits Diamond Coin features faster transactionconfirmation times and improved storage efficiency than the leading math- basedcurrency.

With BitsDiamond Coin, you can buy goods and services using this currency as you wouldwith dollars or euros. It is used for electronic purchases and transfers inwhich every single purchase is immediately logged digitally on a transaction.Every transaction in Bits Diamond Coin is 100% transparent giving more safetyto the whole process.

Each andevery transaction is recorded in the public log and the names of buyers andsellers are never revealed, only their wallet IDs which keeps the transactionsprivate.