Bitcoin Diamond

The  Bitcoin Diamond (BCD) fork snapshot happened on block 495,866 and we are now monitoring the progress of the development team. Exodus does not plan to support BCD so you will have to export your private keys manually to access your Bitcoin Diamond. 

An important thing to understand is the Bitcoin Diamond fork is not the Segwit2x fork of the Bitcoin Network, which was scheduled to go live in mid-November, but was canceled due to lack of consensus in the Bitcoin community. Bitcoin Diamond is also different from the recent Bitcoin Gold fork, which took place on November 12th of 2017. Bitcoin Diamond is a clone of the main Bitcoin blockchain that will result in a 10:1 split of your Bitcoin funds, so if you have 1 Bitcoin you will receive 10 Bitcoin Diamond.

Bitcoin Diamond has a drastically different coin issuance schedule than Bitcoin, Bitcoin Cash and Bitcoin Gold; while all three of the aforementioned coins are pegged at 21 million, Bitcoin Diamond will be releasing 210 million coins. Of these 210 million coins, 40 million will be, according to the official BCD website, "automatically transferred into the community rewards pool as tributes and mining."

One purpose of Bitcoin Diamond, like Bitcoin Gold, is to make it possible for anyone with GPU graphics cards to mine Bitcoin Gold just using their home computer, which they believe will make mining more democratic. While Bitcoin Gold uses the Equihash mining algorithm (shared by ZCash), Bitcoin Diamond uses the X13 hashing algorithm. This is opposed to big companies that mine Bitcoin using computers called ASICs that costs thousands of dollars each, and because of the prohibitive costs of mining Bitcoin, this pools hashing power into a select group of companies.

Bitcoin Diamond also aims to create more privacy than Bitcoin by  encrypting the amount of coins being transacted

Another primary difference between Bitcoin Gold and Bitcoin Diamond, aside from the difference in hashing algorithm and coin issuance, is the block size. While Bitcoin Gold has a 1MB blocksize and supports Segregated Witness (SegWit), much like Bitcoin itself, Bitcoin Diamond has opted for Bitcoin Cash larger blocks, with an 8MB blocksize and simultaneous support for SegWit. 

It is very difficult to discern whether Bitcoin Diamond has been created for expressly ideological, technical, or monetary reasons. The best evidence we have for the creation of Bitcoin Diamond is from their official website FAQ, which simply states,  "We created BCD as a free dividend for BTC holders."

The problem with Bitcoin Diamond is its current state does not provide the necessary development source code for Exodus to provide a seamless experience for our users. Therefore, we will not support Bitcoin Diamond like we support Bitcoin Cash. BCD also has a very sparse, anonymous, and unproven development team, making it difficult to pledge support for at the current time. In addition, BCD is controlled by the anonymous "Bitcoin Diamond Foundation," about which very little is currently known.

As long as you held your BTC in Exodus at the time of the snapshot on November 24th, you will be able to claim your Bitcoin Diamond by exporting the private key and importing it into one of the supported Bitcoin Diamond wallets listed on the official  Bitcoin Diamond Website

Please be aware that importing your private keys into other wallets poses a security risk to your BTC and BCD if the developers of that wallet prove malicious or untrustworthy. If you import your private keys into a wallet outside of Exodus, you are doing so at your own risk.

*To export your BTC private key, please see this article: 

How Can I View My Private Keys?

If you're not sure what private keys are, please review this article:

What Are Private Keys?

To learn more about Bitcoin Diamond, feel free to visit these links:

Bitcoin Diamond Official Website

Bitcoin Diamond Official Reddit

Bitcoin Diamond Slack

Bitcoin Diamond Possible Scam