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D
Diamond

Diamond

DMD

$2.10
+0.88%
Global Average
DMD/USD
$1.99
$2.14
Rank
2625
Market Cap
$0
Circulating Supply
0 DMD
Volume (1D)
$3.13MM

Signals

D
Diamond
Technical
Diamond
Helmut Siedl, CVO DMD Diamond Foundation

Diamond DMDv4: what type of participation to choose? ⠀ Over the years, Diamond DMD has managed to unite many crypto users on the platform, who contribute to the development of the project. ⠀ The platform is powered by a PoS system, where each token holder can participate in the network and earn rewards. In total, there are three types of participation in the PoS system for the users: ⠀ read the full article here: t.me/dmd_coin/63

Telegram: Contact @dmd_coin
Diamond DMDv4: what type of participation to choose? ⠀ Over the years, Diamond DMD has managed to unite many crypto users on the platform, who contribute to the development of the project. ⠀ The platform is powered by a PoS system, where each token holder can participate in the network and earn rewards. In total, there are three types of participation in the PoS system for the users: ⠀ ◾️ Diamond compatible wallet (member). It can be any wallet that supports custom Ethereum-like Networks and Walletconnect. This type of participation allows any DMDv4 token holder to participate in the staking and voting by electing the validator. ⠀ ◾️ Full node. The full node includes the EVM, the POSDAO codebase, and the full Diamond DMDv4 blockchain. ⠀ ◾️ Validator candidate node. A full node can become a validator candidate by installing the validator candidate software and locking a minimum of 10,000 DMD. The active set of Validators is selected once per epoch (12 hours) out of the valid candidates. The selected ones earn…
t.me
D
Diamond
Community
Diamond
Helmut Siedl, CVO DMD Diamond Foundation

DMD Diamond: history of creation DMD Diamond is one of the oldest projects, created in mid-2013 during an explosion of new coin creation, based on forks of Bitcoin. DMDv1 combined the best from Bitcoin, Litecoin, Novacoin, Luckycoin, and Florincoin, a mix of industry-first blockchain solutions with Proof-of-Work/Proof-of-Stake algorithms for network security. ⠀ In April 2014 a small team of developers evolved the code and adjusted the vision for the coin with the release of DMDv2, which was based on Mintcoin, repaired the PoS algorithm, and redefined the coin rollout from static rewards. When Masternode technology emerged as a potential platform for bringing Diamond closer to its goals by improving both functionality and utility value of the coin, DMDv3 moved to a third-generation PoS protocol, to mitigate some of the security shortcomings of previous PoS algorithms. ⠀ Now with version DMDv4, we are realizing the vision of a cooperative consensus (HBBFT Honeybadger) which allows us to reach rapid throughput thanks to the advances in asynchronous consensus protocols and the inclusion of smart contract capabilities combined with a high degree of compatibility with the Ethereum ecosystem which creates fertile ground for business creation. ⠀ During its evolution of the cryptocurrency market,... read more here: t.me/dmd_coin/60

Telegram: Contact @dmd_coin
DMD Diamond: history of creation ⠀ DMD Diamond is one of the oldest projects, created in mid-2013 during an explosion of new coin creation, based on forks of Bitcoin. DMDv1 combined the best from Bitcoin, Litecoin, Novacoin, Luckycoin, and Florincoin, a mix of industry-first blockchain solutions with Proof-of-Work/Proof-of-Stake algorithms for network security. ⠀ In April 2014 a small team of developers evolved the code and adjusted the vision for the coin with the release of DMDv2, which was based on Mintcoin, repaired the PoS algorithm, and redefined the coin rollout from static rewards. When Masternode technology emerged as a potential platform for bringing Diamond closer to its goals by improving both functionality and utility value of the coin, DMDv3 moved to a third-generation PoS protocol, to mitigate some of the security shortcomings of previous PoS algorithms. ⠀ Now with version DMDv4, we are realizing the vision of a cooperative consensus (HBBFT Honeybadger) which allows us to reach rapid throughput…
t.me
D
Diamond
Technical
Diamond
Helmut Siedl, CVO DMD Diamond Foundation

DMD Diamond has taken the approach that cooperation and interoperability across chains is a must for the sustainable and long-term development of the crypto industry. ⠀ The interest in developing and implementing decentralized applications started its ascent in the early days of 2017, just about the time when the infamous bull run began. By definition, Interoperability means the situation when two or more characters, products, or infrastructures co-operate to share their characteristics. ⠀ The biggest challenge to interoperability was the existence of many blockchain networks that all differed in parameters, such as consensus models, transaction schemes, and smart contract functionality. ⠀ Interoperability among blockchains have huge benefits for the entire sector. Here are some of the benefits: ⠀ — Smooth information sharing across participating blockchains — Easier execution of smart contracts across blockchains — Sharing of blockchain solutions and cooperation on the ongoing development for enterprises — The possibility for IT staff to develop a deep knowledge of a few prominent blockchain standards instead of having a basic knowledge of many protocols — Opportunity to develop partnerships within the blockchain ecosystem find out more: t.me/dmd_coin/57 or direct in whitepaper: bit.diamonds/DMD_WP.pdf

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Diamond
Community
Diamond
Helmut Siedl, CVO DMD Diamond Foundation

Dear DMD Diamond community! For a few months, we are trying to push out content twice a week, and even if you have no time to contribute it in another way, you can help us a lot by sharing it on all channels we post on. And now we really need your support, so we ask you to: ⠀ — Share every post from our Facebook www.facebook.com/dmdcoin/ — Share every tweet from our Twitter twitter.com/dmdcoin — Share every update from my Linkedin www.linkedin.com/in/helmut-siedl-58646092/ — Share every article from our Medium blog dmd-diamond.medium.com/ — Comment our postings on Bitcointalk bitcointalk.org/index.php?topic=580725.new#new Help us become more visible! To make our investment successful all you have to do is spread the news! The rest comes by itself! We care about the code — you care about more people discovering DMD Diamond! Thanks for your support! Subscribe to the official DMD Diamond channel in order not to miss any new important updates: t.me/dmd_coin

D
Diamond
Technical
Diamond
Helmut Siedl, CVO DMD Diamond Foundation

EVM as a fast-throughput alternative One of the components of the DMDv4 blockchain that is going to be included is Ethereum Virtual Machine (EVM) based on Open Ethereum. The Ethereum Virtual Machine (EVM) is a powerful, sandboxed virtual stack embedded within each full Ethereum node, responsible for executing contract bytecode. Contracts are typically written in higher level languages, like Solidity, then compiled to EVM bytecode. ⠀ This means that the machine code is completely isolated from the network, filesystem or any processes of the host computer. Every node in the DMDv4 network runs an EVM instance which allows them to agree on executing the same instructions. ⠀ The EVM is essential to the smart contract Protocol. It allows anyone to execute code in a trustless ecosystem in which the outcome of an execution can be guaranteed and is fully deterministic executing smart contracts. ⠀ In DMDv4 smart contract support based on EVM will be included so that existing smart contracts developed on other chains can run with just small adaptations on the DMD Blockchain. DMDv4 supports Solidity and other languages, similar as on the Ethereum blockchain. But faster transaction times and lower fees with the ability to run the same code on multiple chains is what represents DMDv4 as an appealing alternative to Ethereum. more details in whitepaper: bit.diamonds/DMD_WP.pdf

D
Diamond
Technical
Diamond
Helmut Siedl, CVO DMD Diamond Foundation

How we deal with modern blockchain challenges Despite the fact that the blockchain technology has great potential for the construction of the future internet systems, it is facing a number of technical challenges. ⠀ Firstly, current consensus algorithms like proof of work (PoW) or proof of stake (PoS) are facing some serious problems. Moreover, Proof-of-Work is not adequate for fast and low-cost transactions. ⠀ Also, Blockchains that want to provide themselves and the hosted projects with highly customizable on-chain logics need to support smart contracts. ⠀ Many blockchain systems miss a true sustainable coin economic setup ready for centuries. A truly sustainable ecosystem needs to be built around a limited resource developed in a way that the resource can be “recycled” or is “renewable”. These challenges need to be addressed in blockchain technology development. ⠀ The DMD Diamond team has always been committed to maintaining the best technology and ensuring that the coin holders are protected and that the DMD chain gains momentum and utility in the industry. Being one of the oldest projects on the cryptocurrency market, DMD Diamond has undergone several significant changes in its architecture as a response to the constantly changing and evolving technology and market conditions. ⠀ Check out our whitepaper how DMDv4 solve this challenges: bit.diamonds/DMD_WP.pdf

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Diamond
Technical
Diamond
Helmut Siedl, CVO DMD Diamond Foundation

Let's take a look at the main component of the system that makes it modern and secure. ⠀ Smart contract language support of all languages that can be used on Ethereum too. This way smart contracts written for Ethereum can easily be adapted to work on DMD Diamond. ⠀ Node election logic PoSDAO for the selection of nodes for validation in HBBFT. The PoSDAO is what makes the blockchain work decentral by random rotation of power, staking upon different validators, and distributing rewards between the active participants. PoSDAO supports it via using the delegated weight to increase the chance that high trusted nodes (with many staked coins) get chosen more often. ⠀ Blockchain consensus engine, in our case the Honey Badger Byzantine Fault Tolerant (HBBFT) protocol, determines the transaction validation rules. HBBFT is used in combination with a PoSDAO election of nodes for distributed and secure transaction validation. ⠀ Blockchain full nodes serve as nodes responsible for creating transactions, writing data to the chain, storing data, executing contracts, and communicating with other nodes on the network. Our first node client will be based on open Ethereum ⠀ Wallets which manage user keys to interact with the blockchain. These clients with WalletConnect ability allow the interaction with the DMD Diamond staking dApp. More details: bit.diamonds/DMD_WP.pdf

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Diamond
Technical
Diamond
Helmut Siedl, CVO DMD Diamond Foundation

HBBFT: Dramatic increase of efficiency for DMD The DMD team has choosen the Honey Badger Byzantine Fault Tolerant consensus algorithm to meet the market demands of speed and security. ⠀ HoneyBadger proceeds in demand-driven block creation (next block starts in 1 second after the last block is finished if needed) with a new batch of transactions appended to the (shared) committed to log at the end of each cycle. In each cycle, nodes choose a subset of the transactions in their input buffer and provide them as input to a randomized agreement protocol. At the end of the agreement protocol, the final set of transactions for the block is chosen. ⠀ The main benefits of moving to HBBFT are the following: — Higher transactions per second, at least 400 TPS (20x the Ethereum speed) — Increased robustness of the blockchain — Dynamic block times implementation — Immediate transaction completeness — Censorship-resistant based on the consensus of all validators — No empty blocks are produced. HBBFT approves blocks as quickly or slowly as needed for the blockchain ⠀ Using HBBFT will dramatically increase the efficiency and improve the security of the DMD blockchain. Faster throughput, higher security, dynamic block times, robustness, elimination of orphan blocks, and forking potential is what DMD v4 really needs to be a modern system. bit.diamonds/DMD_WP.pdf

D
Diamond
Technical
Diamond
Helmut Siedl, CVO DMD Diamond Foundation

DAO Governance and PoSDAO are different things. DAO Governance is a smart contract powering the decision-making tool to vote over proposals, PoSDAO is an automated smart contract to support a fair and decentral election of active validators. Only validator candidates registered on the permissionless network can vote in the DAO, but coin holders can stake their DMD token with any validator candidate they choose and change their affiliation at any time, with the change taking place when the Epoch changes. ⠀ The PoSDAO is what makes the blockchain work true decentral by random rotation of power, staking upon different validators and distributing rewards between the active participants, both stakers and validators. This allows us to reach rapid throughput thanks to the advances in asynchronous consensus protocols and the inclusion of smart contract capabilities combined with a high degree of compatibility with the Ethereum ecosystem which creates fertile ground for business creation. Stay tuned not to miss decentralized news with the Diamond DMD community! more details can be found in whitepaper: bit.diamonds/DMD_WP.pdf Stay tuned to learn more! telegram news channel: t.me/dmd_coin newsletter sign up: diamonds.us9.list-manage.com/subscribe?u=8f15ebfd0c305329a18cfe990&id=aaa4bb073e

D
Diamond
Community
Diamond
Helmut Siedl, CVO DMD Diamond Foundation

dear DMD Diamond community! we since a few months try push out content twice a week and even u have no timne contribute in another way u can help us a lot by share it on all channels we post em share every post from our facebook www.facebook.com/dmdcoin/ share every tweet from our twitter twitter.com/dmdcoin share every update from my linkedin www.linkedin.com/in/helmut-siedl-58646092/ share every article from us on medium dmd-diamond.medium.com/ comment our postings on bitcointalk bitcointalk.org/index.php?topic=580725.new#new help us become more visible to make ur investment successfull all u have to do is spread the news! the rest come by itself we care about the code u care about more people discover DMD Diamond! thx for ur support