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D
Diamond

Diamond

DMD

$2.27
+14.56%
Global Average
DMD/USD
$2.02
$2.28
Rank
2367
Market Cap
$0
Circulating Supply
0 DMD
Volume (1D)
$3.67MM

Signals

D
Diamond
Marketing
Diamond
Helmut Siedl, CVO DMD Diamond Foundation

we soon listed on p2pb2b.io?referral=9e3676cb use above referal to register if u want to support dmd development

D
Diamond
Technical
Diamond
Helmut Siedl, CVO DMD Diamond Foundation

Why random number generation is important for crypto people? 🔢 ⠀ In the world of cryptography, algorithms are designed to be secure and strong. Blockchain technologies allow the identification of items or users by an address, usually a pair of cryptographically linked keys generated randomly. ⠀ A random number generator is essential for applications (mostly games) that need random numbers. ⠀ Let's say you have a blockchain-based casino where people can gamble for millions of dollars in wagers. Let it be a roulette game. Now the question is, how does the game application know if the result is a black or a red number? Since it has engine logic that uses a random duplication rate. As long as it works fine, every blockchain has a hash for every new block. In competitive blockchains, a node that finds a block may decide not to create a block if it doesn't like the hash of the block. ⠀ This means that if the value is at stake, and if online casinos work together with blockchain producers, in some cases they may play the system deciding not to create a block if the resulting blockchain does not lead to a good outcome for the casino app. ⠀ Why is DMDv4 better? ⠀ In DMD v4 technology, random number generation is built-in, and such an outcome of events as in the example above is impossible. ⠀ full details in original posting: t.me/DMDcoin/21229

Telegram: Contact @DMDcoin
Why random number generation is important for crypto people? 🔢 ⠀ In the world of cryptography, algorithms are designed to be secure and strong. Blockchain technologies allow the identification of items or users by an address, usually a pair of cryptographically linked keys generated randomly. ⠀ A random number generator is essential for applications (mostly games) that need random numbers. ⠀ Let's say you have a blockchain-based casino where people can gamble for millions of dollars in wagers. Let it be a roulette game. Now the question is, how does the game application know if the result is a black or a red number? ⠀ Since it has engine logic that uses a random duplication rate. As long as it works fine, every blockchain has a hash for every new block. In competitive blockchains, a node that finds a block may decide not to create a block if it doesn't like the hash of the block. ⠀ This means that if the value is at stake, and if online casinos work together with blockchain producers, in some cases they may play…
t.me
D
Diamond
Technical
Diamond
Helmut Siedl, CVO DMD Diamond Foundation

What are forks and why do they happen in PoW & PoS? ️ A chain splits by a software upgrade must be possible for every blockchain. That's the way how a decentral blockchain finds ultimate consensus about software changes by upgrade or don't upgrade to a new node software. ⠀ On the most basic level, blockchain forking can be described as a divergence into two different paths or protocols. However, the meaning of fork that is relevant to show the advantage of cooperative consensus-based DMD Diamond is microforks. ⠀ 🔹 The microforks is the true topic that the issue when different nodes in a competitive blockchain find at the nearly same time a block and the network short split in 2 branches until one wins when the majority of nodes accept it as truth and the other nodes make a reorg and declare the other block as an orphan. ⠀ 🔹 DMD Diamond is immune to microforks because it has no competitive consensus nodes that cannot choose which block is the right one because there can be only one block that generates in a cooperative way. DMD Diamond doesn't have a POS consensus. ⠀ 🔹 DMDv4 has a cooperative consensus named HBBFT and a dPOS node election mechanic to make it decentral. To increase the decentralization of HBBFT DMD Diamond did choose to expand cooperative consensus with a dPoS based node election mechanics powered t.me/dmd_coin/14

Telegram: Contact @dmd_coin
What are forks and why do they happen in PoW & PoS? ⚡️ ⠀ A chain splits by a software upgrade must be possible for every blockchain. That's the way how a decentral blockchain finds ultimate consensus about software changes by upgrade or don't upgrade to a new node software. ⠀ On the most basic level, blockchain forking can be described as a divergence into two different paths or protocols. However, the meaning of fork that is relevant to show the advantage of cooperative consensus-based DMD Diamond is microforks. ⠀ 🔹 The microforks is the true topic that the issue when different nodes in a competitive blockchain find at the nearly same time a block and the network short split in 2 branches until one wins when the majority of nodes accept it as truth and the other nodes make a reorg and declare the other block as an orphan. ⠀ 🔹 DMD Diamond is immune to microforks because it has no competitive consensus nodes that cannot choose which block is the right one because there can be only one block that generates in a…
t.me
D
Diamond
Technical
Diamond
Helmut Siedl, CVO DMD Diamond Foundation

Cooperative consensus vs. competitive consensus: what makes DMDv4 so fast and efficient In PoW and PoS networks, competition among miners or validators is used as a way to ensure security and stability. However, the same competition also stifles performance and leads to a waste of energy. That’s why DMDv4 uses a cooperative consensus model: a much faster and leaner solution. Read on to find out how competitive and cooperative consensus models differ. dmd-diamond.medium.com/cooperative-consensus-vs-competitive-consensus-what-makes-dmdv4-so-fast-and-efficient-764eb6a48c1b

Cooperative consensus vs. competitive consensus: what makes DMDv4 so fast and efficient | by DMD DIAMOND | Feb, 2021 | Medium
In PoW and PoS networks, competition among miners or validators is used as a way to ensure security and stability. However, the same…
dmd-diamond.medium.com
D
Diamond
Community
Diamond
Helmut Siedl, CVO DMD Diamond Foundation

DMD Diamond mission on financial freedom 🌎 original: www.linkedin.com/pulse/dmd-diamond-mission-financial-freedom-helmut-siedl ⠀ Some thoughts on the future of crypto by Helmut Siedl, DMD Diamond Foundation member: ⠀ "The biggest innovation that blockchain technology brings us is that for the first time in history people can replace trust in some central entity with trust in decentralized technology and mathematical proofs. ⠀ The use-case of storing "coins" as a medium of exchange value peer-to-peer is the smallest but most easy to understand use-case. Blockchain enables us to do much more as it's not only financial freedom it's fairer and driven by the evolution of how people interact with each other, how they store information about who owns what, and how they check what's true in many other areas. ⠀ Even politics and votes could utilize blockchain technology. No more waiting for weeks to know the results of the voting, no more trusting fake news, because facts can be stored in a blockchain and it's impossible to change them by any authority as it's a censorship-resistant way of storing information. Blockchain will power the future of mankind and we are the first pioneers to set our feet into the new frontiers!''

DMD Diamond mission on financial freedom
Some thoughts on the future of crypto by Helmut Siedl, DMD Diamond Foundation member: "The biggest innovation that blockchain technology brings us is that for the first time in history people can replace trust in some central entity with trust in decentralized technology and mathematical proofs. ⠀ T
linkedin.com
D
Diamond
Community
Diamond
Helmut Siedl, CVO DMD Diamond Foundation

Hello community! ⠀ DMD Diamond's decentralized community is always open to new ideas and suggestions. ⠀ If you like decentral applications, how important is it for you that they run on top of a true decentral permissionless censorship-resistant not corporate owned blockchain? Following the ideas of Satoshi Nakamoto, we say that the blockchain system can act as a platform for launching decentralized projects and decentralized applications. ⠀ We'd love to hear from our community what you think of the importance of blockchain infrastructure? ⠀ Feel free to share your ideas in the comments t.me/dmd_coin

Telegram: Contact @dmd_coin
DMD Diamond is a digital currency that allows people to send money anywhere in the world instantly, securely, and at near zero cost. Twitter: https://twitter.com/dmdcoin Facebook: https://www.facebook.com/dmdcoin
t.me
D
Diamond
Community
Diamond
Helmut Siedl, CVO DMD Diamond Foundation

We got following feedback regarding DMD v4 from crex24 we suggest u start using exmarkets.com/register/ref/8H0XUWBOLL which will full support v4 as soon as the next exchange which will list DMD and support v4 ( coinmargin ) did add DMD we will request a delisting on crex24 -------------------------- Hello, " the new chain will be a ethereum type independent blockchain " I'm afraid we do not integrate ETH-based coins, therefore we can't support this swap. Even for a BTC fee. Currently it is possible to integrate: - BTC (DASH/PIVX) based coins - CN (BCN/XMR) based coins - ERC20 tokens - Waves tokens - TRC10 tokens - TRC20 tokens Regards, Nick, Crex24 Team ---------------------

D
Diamond
Marketing
Diamond
Helmut Siedl, CVO DMD Diamond Foundation

What dApps are most commonly developed on top of blockchains? ⠀ Decentralized applications (dApps) are increasingly being deployed in a variety of areas. Accordingly, the dApp uses the main advantages of the blockchain: transparency, reliability and data immutability. ⠀ DApps look similar to traditional applications, but they are built on a particular blockchain with a decentralized database. This means that dApps run on a decentralized peer-to-peer network instead of centralized servers and can’t be controlled or taken down by any single entity. ⠀ Ethereum is the most popular platform for developing decentralized blockchain applications today. A lot of dapps are still experimental, testing the possibilities of decentralized networks. But there have been some successful early movers in the technology, financial, gaming and collectibles categories. These projects include the following: ⠀ full article can be found here: www.linkedin.com/pulse/decentralized-applications-dapps-increasingly-being-deployed-siedl 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
Technical
Diamond
Helmut Siedl, CVO DMD Diamond Foundation

DMD Diamond v4 whitepaper is now public! bit.diamonds/DMD_WP.pdf Launched in 2013, DMD Diamond is one of the longest-running cryptocurrency projects in the market. The new DMDv4 leverages the strengths of Ethereum, Bitcoin, and the original Diamond to create a fast and secure low-cost blockchain for building and deploying dApps. DMDv4 Advantages: High performance: over 400 tps thanks to dynamic block time; Complete censorship & fork resistance; High level of decentralization: uses dPoS & DAO governance; Energy-efficient: the total energy consumption is equivalent to several households - not to a whole country as in the case of Bitcoin; Instant transaction finality instead of mining: once a transaction is included in a block, it’s final; Fair reward distribution: each active validator gets an equal share of the reward; dPoS-enhanced: users can stake coins on validators and earn attractive rewards; Scarcity: the supply is fixed at 4.38m DMDv4 – 5 times fewer than Bitcoin. DMD Diamond v4 whitepaper is now public! 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
Technical
Diamond
Helmut Siedl, CVO DMD Diamond Foundation

How we increased the decentralization of HBBFT with a dPoS based node election mechanics 📈 By utilizing a mix of Honey Badger Byzantine Fault Tolerance consensus algorithm (HBBFT) and the delegated Proof-of-Stake based validator election (POSDAO) protocols, DMD Diamond v4 has become the first blockchain to implement cooperative consensus with a low carbon footprint, fast transaction times, decentral validator election, and low fees. Find the answers on what makes HBBFT so fast and efficient and why it wasn't enough for DMDv4 in our latest article dmd-diamond.medium.com/how-we-increased-the-decentralization-of-hbbft-with-a-dpos-based-node-election-mechanics-9740f9385749election-mechanics-9740f9385749

How we increased the decentralization of HBBFT with a dPoS based node election mechanics | by DMD DIAMOND | Feb, 2021 | Medium
HBBFT is an amazingly performant asynchronous leaderless consensus model, but on its own it doesn’t guarantee decentralization. Read on to…
dmd-diamond.medium.com