Bitcoin Diamond is another Bitcoin Fork with focus on privacy
If you are thinking that all the ridiculous Bitcoin forks are over, then you need to take a look at this, Bitcoin Diamond, yes Bitcoin Diamond is another fork coming after Bitcoin cash and Bitcoin Gold, investors have already made money with Bitcoin cash and bitcoin gold after their launch, it seems that there is no stopping of Bitcoin and its forks.
Focus on Privacy
Bitcoin has never been the perfect crypto currency, it wasn’t intended to be the one, it’s the first one and some of the flaws are expected, one of the main concerns for the investing community is that their transaction are available publicly, and that’s a big issue for most of them, and if there is something that can help them to have some kind of privacy up to some extend then it would be great for them, now Bitcoin Diamond is giving them privacy up to some extent.
The altcoin will fork once the Bitcoin network hits block height 495,866. By the time you read this article, that network block should have been discovered by miners already. It is the third major airdrop Bitcoin users will receive this year, not counting the B2X coins from the broked SegWit2x launch. It has been a profitable year for BTC holders in many different ways; that much is certain.
What Bitcoin Diamond claims to offer is privacy first and foremost. It seems this fork’s developers have found a way to encrypt the transaction amounts and balances of all BCD users. It sounds somewhat similar to Monero, but it is doubtful the Bitcoin Diamond implementation is even half as competent.
It seems like that Bitcoin Diamond is promising a lot of thing including faster transactions with lower cost due to its 8MB block size limit
Launch Date: 24 November 2017
Number of Coins: 4.2 Billion
Is Toronto Next to Accept Bitcoin for Property Taxes?
Toronto is the biggest city of Canada with a population of more than 6 million. It’s also one of the leading global financial centers which makes it an attractive place for investors.
Bitcoin has emerged as the leading cryptocurrency in the world and attracted a lot of attention from financial investors. There are many crypto exchanges and investors in Toronto, which makes it an important destination for crypto startups and investors.
Recently, there has been a surge in usage of Bitcoin in the Real Estate world as lot of companies around the world are now accepting Bitcoin for buying and selling of properties. In April 2019, Innisfil, A town located in Ontario, at a distance of about 1 hour drive from Toronto, announced that they will accept Bitcoin for property taxes at the municipal level. In July this year, Richmond Hill announced that they are ready to accept Bitcoin as a payment method for property taxes.
Evan Kuhn, Co-Founder of a Toronto based crypto exchange Coinberry believes that integration of Bitcoin as a payment method for property taxes in Toronto can reduce cost, not only for tax payers, but for municipalities as well. Kuhn mentioned
“It doesn’t cost homeowners to use the service, and it costs the municipalities far less in processing fees”
“A credit card company charges a 3% fee,” he said. “Our fee is .5%, so that’s a lot more beneficial for the municipalities.”
He further explained the entire process to make it simple for the users and for the authorities. “When a resident makes a payment through our exchange, the company immediately converts the Bitcoin into Canadian Dollars and pays the relevant authority, so in basic concept this entire process works like a credit card system but with lower fee for both parties”
Morning Crypto Roundup
- Crypto market entered into a consolidation phase, with market cap at around $265 billion, market is currently trading in a range
- Bitcoin stays above $10,000
- Gray scale reported in a recent report that there are 7.1 million active Bitcoin users worldwide with more than 32 million Bitcoin wallets.
- After Innisfil and Richmond Hills, is Toronto next to explore an opportunity to pay property taxes through Bitcoin?
- According to a report from CryptoCompare.com, Untrusted crypto exchanges are dominating the crypto volume with more than 2/3 share