Bitcoin Diamond vs ZCoin vs BitcoinDark
What problem does this service solve?
Bitcoin Diamond aims to increase transaction speeds. | ZCoin is a privacy focused cryptocurrency with an innovative mechanism to increase anonymity. | This is a fork of Bitcoin with a poorly defined purpose and vision. |
Token Stats
Company Description
Bitcoin Diamond is a hardfork of Bitcoin that was created in 2017. Although the network's code preserves much of Bitcoin's original features, it aims to improve transaction speeds by implementing the Lightning network and increasing the storage capabilities of each block. The Lightning Network is a second layer payment protocol that works on the Bitcoin blockchain and is designed to place a large portion of the transaction data outside of the blockchain. | ZCoin is a privacy focused cryptocurrency built on Ethereum. The ZCoin protocol enables anonymous transactions with cryptography that utilizes Zero-Knowledge Proofs (ZKP). ZCoin increases privacy on their network by using a coin-mixer contract that wraps transactions in a serial number and destroying wrapped coins once they have been redeemed. | BitcoinDark is a fork of Bitcoin with a poorly defined purpose and use case. BitcoinDark is based on the InstantDEX protocol, a decentralized exchange for BitcoinDark and other cryptocurrencies supported by the project. The platform is also supposed to include a Pegged Asset Exchange (PAX) to allow users to buy and sell pegged assets – including fiat currencies, commodities, ETFs, and stocks. |