As more exchanges keep delisting anonymous cryptocurrencies (Coincheck with Monero, Dash, Zcash; Telegram in Russia) Bitcoin Diamond is going to adapt to high-frequency transactions and adopt Lightning Network. The goal of the foundation is to design an ecosystem with built-in economical and high-frequency real-time payment.
As Bitcoin has very high fees and low transfer speed, Bitcoin Diamond team has set out to look for a better environment. The main idea of Lightning Network is to put a bulk of transactions outside of blockchain while smart contracts are busy refining the off-chain transaction channels. As a result, blockchain just confirms the final transaction results.
Thus, in order to further improve the ecosystem, comply to regulations and be approved by the community, Bitcoin Diamond version of Lightning Network is set to be deployed on July 31 following the developers' assessment and community testing. At the moment of publication, Bitcoin Diamond market indicators are as follows:
|Average price||3.58 USD|
|Market cap||550,950,860 USD|
|Volume (24H)||1,406,640 USD|