D
Diamond

Diamond

DMD

$2.26
-1.28%
Global Average
DMD/USD
$2.23
$2.31
Rank
2841
Market Cap
$0
Circulating Supply
0 DMD
Volume (1D)
$2.54MM

Signals

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Diamond
Technical
Diamond
Helmut Siedl, CVO DMD Diamond Foundation

DMD coin: historic evolution ⠀ The DMD project has one important feature: several stages of coin development. How do they differ and what kind of coins are they? ⠀ DMDv1 and DMDv2. These are coins that were active from July 2013 to August 2017. They worked on a mixed PoW/PoS algorithm and provided network security. About half of all coins sold are v1 or v2. ⠀ DMDv3. The launch of the third version was divided into three phases, each of which began using different blocks. After the launch of this version of the coin, there was a smaller reward for mining, by analogy with BTC halving. ⠀ The DMDv3 time intervals are September 2017 to 2021. All v3 coins that will not have time to be found before the release of the fourth version will become v4 coins. ⠀ DMDv4. The latest version of the protocol coins at the moment. The DMDv4 reward logic will recreate a similar curve for deploying unallocated coins and add re-insertion logic that allows you to receive infinite rewards even with small finite stock. ⠀ Therefore, each of the versions of the coin represents a technological leap, which constituted over 8 years of impressive development of the project. original: t.me/dmd_coin/97 more details can be found in whitepaper: bit.diamonds/DMD_WP.pdf telegram news channel: t.me/dmd_coin

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Diamond
Technical
Diamond
Helmut Siedl, CVO DMD Diamond Foundation

How we achieve decentralization ⠀ The DMD Diamond platform wants to provide the maximum level of decentralization and creates an improved blockchain, where each user freely manages their assets and participates in the development of the project. ⠀ DMD Diamond is an open system controlled by its participants, each participant can not be afraid of losing funds due to incorrect actions of the management body because he is a part of the management body. Securing the blockchain and deciding about future development funding — all happens by the network participants and the coin owners. There is no out of blockchain company or organisation who rules DMD Diamond. original: t.me/dmd_coin/96 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

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Diamond
Technical
Diamond
Helmut Siedl, CVO DMD Diamond Foundation

t.me/dmd_coin/96 The main benefits of decentralization and how we get it 🔩 ⠀ Decentralization is one of the main features of cryptocurrencies. But let’s take a closer look at its advantages in terms of functionality. ⠀ First of all, decentralization gives an important feature — a coin or a project can have a creator, but, de facto, the community controls the platform. If for some reason the community does not like the way the project is developing, the project enthusiasts can easily create their own fork and continue the development of the ecosystem according to their own rules. ⠀ This implies the following point – security. Decentralized solutions are more secure than their centralized counterparts. In centralized solutions, many people can turn a blind eye to small bugs and holes that may never pop up. Decentralized solutions are usually open-source, therefore, they are worked out more carefully and any problems are solved as quickly as possible. ⠀ In addition to information security, there is also financial security. If no one controls the coin, it is much harder to carry out fraud with it. For example, no one forbids the state to disperse the printing press and collapse the currency. In the case of cryptocurrencies, it is impossible to do this.

Telegram: Contact @dmd_coin
The main benefits of decentralization and how we get it 🔩 ⠀ Decentralization is one of the main features of cryptocurrencies. But let’s take a closer look at its advantages in terms of functionality. ⠀ First of all, decentralization gives an important feature — a coin or a project can have a creator, but, de facto, the community controls the platform. If for some reason the community does not like the way the project is developing, the project enthusiasts can easily create their own fork and continue the development of the ecosystem according to their own rules. ⠀ This implies the following point – security. Decentralized solutions are more secure than their centralized counterparts. In centralized solutions, many people can turn a blind eye to small bugs and holes that may never pop up. Decentralized solutions are usually open-source, therefore, they are worked out more carefully and any problems are solved as quickly as possible. ⠀ In addition to information security, there is also financial security. If no one controls the coin, it is much harder to carry out fraud with it. For example, no one forbids the state to disperse the printing press and collapse the currency. In the case of cryptocurrencies, it is impossible to do this. ⠀ How we achieve decentralization ⠀ The DMD Diamond platform wants to provide the maximum level of decentralization and creates an improved blockchain, where each user freely manages their assets and participates in the development of the project. ⠀ DMD Diamond is an open system controlled by its participants, each participant can not be afraid of losing funds due to incorrect actions of the management body because he is a part of the management body. Securing the blockchain and deciding about future development funding — all happens by the network participants and the coin owners. There is no out of blockchain company or organisation who rules DMD Diamond. ⠀ Learn more: https://bit.diamonds
t.me
D
Diamond
Technical
Diamond
Helmut Siedl, CVO DMD Diamond Foundation

DMD holders: benefits for investors ⠀ The DMD Diamond team invests all its professionalism and many years of experience in the field of blockchain in creating a new and improved ecosystem for crypto users. We strive to develop together with the market and be one step ahead of our competitors, constantly attracting new network members. ⠀ But global goals are not the only thing we want to achieve. It is also important for us to create favorable conditions for our participants starting from high rewards and ending with participation in the management of DMD Diamond. ⠀ What advantages does a user who buys DMD tokens and becomes a member of the network get? ⠀ ️ Get rewards on staking. ️ Become a validator and earn DMD. ️ Participate in the management of the platform. ️ Make high-speed transactions. ️ Deploy your Dapps simply and on the best terms. ⠀ We believe that much can be achieved through joint efforts! By participating in DMD Diamond, you not only get a constant income but also help us raise the cryptocurrency market to a new level. ⠀ Read more about DMD Diamond on Medium dmd-diamond.medium.com/ !

DMD DIAMOND – Medium
Read writing from DMD DIAMOND on Medium. DMD DIAMOND the world’s first blockchain with a cooperative HBBFT consensus supplemented by a dPOS-based validator election plus EVM smartcontract abilities.
dmd-diamond.medium.com/
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Diamond
Technical
Diamond
Helmut Siedl, CVO DMD Diamond Foundation

Why a high level of decentralization is importaint? original: t.me/dmd_coin/89 ⠀ The DMD Diamond platform wants to achieve the maximum level of decentralization, and creates an improved blockchain, where each participant freely manages their finances and participates in the development of the project. ⠀ DMDv4 uses Honey Badger Byzantine Fault Tolerant, an asynchronous consensus model without a leader. We also add a dPoS like node election consensus (PoSDAO). In the upcoming 4.1 upgrade, we will have a true DAO that will manage development, and project support funding requests will be added too. This combination increases the level of network decentralization, where: ⠀ ️ there is a random selection of validators every 12 hours; ️ awards are distributed between the validator and its delegates; ️ equal distribution of remuneration for large and small validators; ️ each user affects the decentralization; ️ the staking limit per validator is no more than 50,000 tokens. ⠀ In the last analysis, the DMD Diamond user gets a free and reliable financial system, where each participant can not be afraid of losing funds due to incorrect actions of the management body. ⠀ Join one of the most decentralized blockchains bit.diamonds!

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Diamond
Community
Diamond
Helmut Siedl, CVO DMD Diamond Foundation

Why is good decentralization so important? The #DMD Diamond platform wants to achieve the maximum level of #decentralization, and creates an improved #blockchain, where each participant freely manages their finances and participates in the development of the project. twitter.com/dmdcoin/status/1431967380872253449

D
Diamond
Technical
Diamond
Helmut Siedl, CVO DMD Diamond Foundation

while open alpha is a step where we think network is stable enough for even inexperienced node operator so they cant harm the network we even now think network is stable enough for open delegated stakers so if u dont want to run a node but play around testing staking some test coins u can do it already now! u need to have a web3 wallet that supports the DMD Diamond v4 Network, such as Metamask Browser Extension or the Brave Browser. You need to add the DMD Network: Network Name: DMDv4 Alpha4 RPC URL: 167.86.125.140:8540 Chain ID: 777012 Symbol: tDMD Block Explorer URL: explorer.uniq.diamonds/ Now your wallet should be connected to the alpha4 testnet once u in that stage just post ur alpha4 testnet address here so we send u some tDMD which u then can use test staking at staking.uniq.diamonds/ all we request in return from alpha testers is that they give feedback and report issues we will add all questions and answer to them into a knowledgebase and classify them as as known limitations including expected moment they will be fixed, or if they are new issues with a issue link in github so u can see the status of the reported issue

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Diamond
Technical
Diamond
Helmut Siedl, CVO DMD Diamond Foundation

Rotation of validators on DMDv4 ⠀ The block approval process looks like a list of transactions proposed by the current validators. They jointly confirm the block using signatures. ⠀ By generating random numbers, the HBBFT consensus includes a mechanism for selecting validators, while using a secure mechanism for generating a random validator. It ensures that each of them will be chosen fairly. ⠀ A good side effect is that other blockchain applications that need true randomness can use such RNG numbers, without their own RNG mechanism. ⠀ The implementation of this algorithm (HBBFT) requires a small number of validator nodes, but with a constant and reliable connection between each node. DMDv4 will use 25 nodes in the active set, and they will change every epoch (the epoch is equal to 12 hours). ⠀ So, thanks to random generation and constant rotation of validators, DMDv4 receives a secure and reliable decentralized algorithm that selects validators. ⠀ Read more about the selecting validators mechanism at bit.diamonds/ original: t.me/dmd_coin/88 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

D
Diamond
Technical
Diamond
Helmut Siedl, CVO DMD Diamond Foundation

DMD Network initiation: how it works ⠀ DMDv4 network is a new independent blockchain that shares not a single code line and uses a totally different and far advanced codebase than DMDv3 did. ⠀ All the differences and the few industry’s first solutions that are a part of DMDv4 are well described in the White Paper. DMDv4 follows the vision of an involving DMD Diamond ecosystem that is technology agnostic using the best technology available and transform value towards the new technology. ⠀ In the case of DMDv4, the value transfer happens by making sure the coin economic setup starts with exactly the same number of unlocked coins as there are existing on the old DMDv3 chain at snapshot. And each owner of a DMDv3 snapshot balance will be able to claim his coin balance 1:1 on the new v4 chain in the first 3 months after the mainnet launch. ⠀ The percentage of coins that can be claimed will be decreasing over time and the claiming time window will end after 5 years. Not or late claimed coins will not be hard burned but instead soft burned and fuel the sustainable neverending coin circulation which is one of the major improvements of DMD that will be described in our articles in more detail soon. ⠀ more details can be found here: t.me/dmd_coin/87

Telegram: Contact @dmd_coin
DMD Network initiation: how it works ⠀ DMDv4 network is a new independent blockchain that shares not a single code line and uses a totally different and far advanced codebase than DMDv3 did. ⠀ All the differences and the few industry’s first solutions that are a part of DMDv4 are well described in the White Paper. DMDv4 follows the vision of an involving DMD Diamond ecosystem that is technology agnostic using the best technology available and transform value towards the new technology. ⠀ In the case of DMDv4, the value transfer happens by making sure the coin economic setup starts with exactly the same number of unlocked coins as there are existing on the old DMDv3 chain at snapshot. And each owner of a DMDv3 snapshot balance will be able to claim his coin balance 1:1 on the new v4 chain in the first 3 months after the mainnet launch. ⠀ The percentage of coins that can be claimed will be decreasing over time and the claiming time window will end after 5 years. Not or late claimed coins will not be hard burned but instead soft burned and fuel the sustainable neverending coin circulation which is one of the major improvements of DMD that will be described in our articles in more detail soon. ⠀ Let’s discuss how the DMD network is initiated in more detail. When DMDv4 is released, all smart contracts are initiated in the genesis block (the first block of the network), along with the information about the bootstrap validators. First few days the network runs in a semi-closed environment slowly, allowing the longterm community members to join in and set up their validators. Once a healthy amount is reached, the network opens up and becomes a true open decentralized blockchain network. ⠀ Initiating validators don’t have a currency advantage, as the reward itself is reduced for the startup phase. ⠀ So, validators act as the main tools for the operation of DMD Diamond and ensure the smooth running of the entire network. ⠀ Join the bit.diamonds network and build a new ecosystem with us!
t.me
D
Diamond
Technical
Diamond
Helmut Siedl, CVO DMD Diamond Foundation

How we implement Instant block finality Before we discuss how the DMDv4 system ensures the completion of the block, let's introduce users to the work of the DMDV4 consensus platform. ⠀ Decentralization implies the presence of many participants in the network who make decisions. But this leads to the fact that the confirmation of many transactions requires more time and energy supply. ⠀ To date, DMDv4 uses the most efficient HBBFT consensus for transaction confirmation, which has: ⠀ ️ Higher capacity. ️ High level of security. ️ Dynamic block time. ️ Stability. ️ Elimination of outdated blocks. ⠀ The HBBFT protocol provides instant block completion. The block is created only after the transactions have been completed by the validating nodes in the network. If a block is signed by validators, it is terminated, even if it is the most recent block. This prevents temporary branching and creates an immutable transaction book. ⠀ No mining is required to run HBBFT, and a small pool of validators is required for the protocol. DMDv4 uses a subset of 25 active validators that are randomly selected from a pool of all possible validators every 12 hours (Epoch). ⠀ Choose the best bit.diamonds network with low fees and instant transactions. original: t.me/dmd_coin/81