🗣 Crypto Market Crash! Is it a Threat to DMD Diamond Coins?
Happenings in the crypto spaces are just unprecedented. Losses have been major in the biggest cryptocurrencies like Bitcoin and Ethereum. Many are wondering if we are undergoing another Crypto winter - a prolonged duration defined by a sustained and universal drop in the price of cryptocurrencies causing a lack of enthusiasm for the industry.
Nobody has ever expected stable coins (like Tether, etc) pegged to conventional currencies like dollars to be affected by the crypto meltdowns. USDT was also once affected. Just like what Neil Wilson of Finalto said - “There is a definite whiff of panic in the crypto space right now amid the stablecoin collapse”.
Some weeks back, the collapse of Terra - the second-largest Defi ecosystem, was one of the most significant losses of wealth in modern history. Over $60 billion were lost in LUNA and UST - the 7th and 10th largest tokens by Market cap vanished within a matter of days.
More in the comment section
Happenings in the crypto spaces are just unprecedented. Losses have been major in the biggest cryptocurrencies like Bitcoin and Ethereum. Many are wondering if we are undergoing another Crypto winter - a prolonged duration defined by a sustained and universal drop in the price of cryptocurrencies causing a lack of enthusiasm for the industry.
Nobody has ever expected stable coins (like Tether, etc) pegged to conventional currencies like dollars to be affected by the crypto meltdowns. USDT was also once affected. Just like what Neil Wilson of Finalto said - “There is a definite whiff of panic in the crypto space right now amid the stablecoin collapse”.
Some weeks back, the collapse of Terra - the second-largest Defi ecosystem, was one of the most significant losses of wealth in modern history. Over $60 billion were lost in LUNA and UST - the 7th and 10th largest tokens by Market cap vanished within a matter of days.
More in the comment section
🗣️ How To Survive the Cryptocurrencies Bear Market
Crypto winter is here! Cryptocurrencies prices are dropping and remaining low for an extended period. The dip in the market is leading to lay-offs seen in major crypto exchanges, including Gemini, Coinbase, etc. Crypto investors are losing their long term investments, and hard earned money.
Below are guides on how we can survive in this unprecedented bear market:
1️⃣ Use Dollar-Cost Averaging to Minimize Risk
Using Dollar-Cost Averaging (DCA) is an effective way to mitigate possible potential crypto investment losses. When you space out your investments, it is easier to guess at finding the “dip” in your favourite crypto.
Just like what an NFT collector (@Kissyos) tweeted on twitter - consider your risk tolerance, then use that in setting up automatic triggers in your desired exchange accordingly.
More in the comment section 👇
Crypto winter is here! Cryptocurrencies prices are dropping and remaining low for an extended period. The dip in the market is leading to lay-offs seen in major crypto exchanges, including Gemini, Coinbase, etc. Crypto investors are losing their long term investments, and hard earned money.
Below are guides on how we can survive in this unprecedented bear market:
1️⃣ Use Dollar-Cost Averaging to Minimize Risk
Using Dollar-Cost Averaging (DCA) is an effective way to mitigate possible potential crypto investment losses. When you space out your investments, it is easier to guess at finding the “dip” in your favourite crypto.
Just like what an NFT collector (@Kissyos) tweeted on twitter - consider your risk tolerance, then use that in setting up automatic triggers in your desired exchange accordingly.
More in the comment section 👇
🗣 Why DMD Diamond Blockchain is an Ideal NFT Marketplace
One of the major use-cases of blockchain technology is the facilitation of non-fungible tokenized (NFT) assets. According to Statista, the aggregated NFT sales value recorded as of June 15, 2022 was roughly 33.3 million U.S. dollars. This is to tell you how fascinating and financially promising they are.
NFTs could be used to bestow, demonstrate, and trade ownership of real/digital assets and intellectual properties. This is made possible through the use of metadata that enables an NFT to uniquely demonstrate itself. The metadata is uploaded in form of a unique cryptographic token over a working blockchain - of which DMD diamond blockchain V4 would soon be a go-to NFT marketplace following the launch.
More below 👇
One of the major use-cases of blockchain technology is the facilitation of non-fungible tokenized (NFT) assets. According to Statista, the aggregated NFT sales value recorded as of June 15, 2022 was roughly 33.3 million U.S. dollars. This is to tell you how fascinating and financially promising they are.
NFTs could be used to bestow, demonstrate, and trade ownership of real/digital assets and intellectual properties. This is made possible through the use of metadata that enables an NFT to uniquely demonstrate itself. The metadata is uploaded in form of a unique cryptographic token over a working blockchain - of which DMD diamond blockchain V4 would soon be a go-to NFT marketplace following the launch.
More below 👇
🗣️ The Need to Join Open Alpha Testing to Have an Easy User Experience with DMDv4 and Metamask ✨✨
From Inception, DMD diamond blockchain have continued to boost a lot of innovations. While we are looking forward to the launching of DMDv4 soon, and we centred our project to be community-driven, it's therefore imperative that our community or participants testrun the functionality of our developments and provide valuable feedbacks for improvements. That would provide a faster and seamless transition to the beta launch.
It's high time we all join the open Alpha testing to have an easy interaction or user experience with DMDv4 and Metamask - from connectivity, to usability and lots more. To join the open Alpha testing in order to have a seamless user interaction of DMDv4 and Metamask, and to provide possible suggestions for improvements, click the open repository link below 👇
https://github.com/DMDcoin/dmdv4-testnet
From Inception, DMD diamond blockchain have continued to boost a lot of innovations. While we are looking forward to the launching of DMDv4 soon, and we centred our project to be community-driven, it's therefore imperative that our community or participants testrun the functionality of our developments and provide valuable feedbacks for improvements. That would provide a faster and seamless transition to the beta launch.
It's high time we all join the open Alpha testing to have an easy interaction or user experience with DMDv4 and Metamask - from connectivity, to usability and lots more. To join the open Alpha testing in order to have a seamless user interaction of DMDv4 and Metamask, and to provide possible suggestions for improvements, click the open repository link below 👇
https://github.com/DMDcoin/dmdv4-testnet
🗣️ DMD Diamond Blockchain V4 Updates For June!👇
1️⃣ We worked on disk storage options for HBBFT messages - to specify how many and where HBBFT consensus messages are stored.
2️⃣ fine-tuned some stability improvements in 0.8.3
3️⃣ Prioritized P2P validator node connection.
4️⃣Contract Upgrades for the https://github.com/DMDcoin/hbbft-posdao-contracts/issues/126 features got prepared and are already live.
5️⃣ v0.8.4 was stage tested to solve one problem encountered with https://github.com/DMDcoin/openethereum-3.x/issues/87.
6️⃣ We resynced the explorer due to some outages, and work was done on some information that was unavailable due to the resynchronization.
More below 👇
1️⃣ We worked on disk storage options for HBBFT messages - to specify how many and where HBBFT consensus messages are stored.
2️⃣ fine-tuned some stability improvements in 0.8.3
3️⃣ Prioritized P2P validator node connection.
4️⃣Contract Upgrades for the https://github.com/DMDcoin/hbbft-posdao-contracts/issues/126 features got prepared and are already live.
5️⃣ v0.8.4 was stage tested to solve one problem encountered with https://github.com/DMDcoin/openethereum-3.x/issues/87.
6️⃣ We resynced the explorer due to some outages, and work was done on some information that was unavailable due to the resynchronization.
More below 👇
🗣️DMD Diamond Blockchain - An Ecosystem That Accommodates Third Party Projects!💙
One of the use-cases DMDv4 launching is bringing forward is hosting a unique diamonds collector game. Apart from accommodating an NFT marketplace, third parties would have the chance to host gamified NFT projects, among others, on top of DMD v4.
At the moment, a third party is pushing forward the development of a unique diamond collector game that would be released in Open Beta to test the whole collector experience before the mainnet launches. Hence, users would have the experience of owning unique diamonds and NFT assets that could be used subsequently and in other projects that run on top of DMDv4.
More in the comment section 👇
One of the use-cases DMDv4 launching is bringing forward is hosting a unique diamonds collector game. Apart from accommodating an NFT marketplace, third parties would have the chance to host gamified NFT projects, among others, on top of DMD v4.
At the moment, a third party is pushing forward the development of a unique diamond collector game that would be released in Open Beta to test the whole collector experience before the mainnet launches. Hence, users would have the experience of owning unique diamonds and NFT assets that could be used subsequently and in other projects that run on top of DMDv4.
More in the comment section 👇
🗣️ 9 Year's Down The Line - Happy Birthday to DMD Diamond Blockchain🥰
9 years back, dated the inception of DMD diamond blockchain. An ecosystem driven by community, for community - which has continued to stay stronger upon many crypto winters down the line.
Over the years, we are glad to boost innovations that position us a competitive advantage as one of the most sustainable blockchains. From DMDv1 to v2, to v3, and now to the upcoming DMDv4.
Read more 👇
9 years back, dated the inception of DMD diamond blockchain. An ecosystem driven by community, for community - which has continued to stay stronger upon many crypto winters down the line.
Over the years, we are glad to boost innovations that position us a competitive advantage as one of the most sustainable blockchains. From DMDv1 to v2, to v3, and now to the upcoming DMDv4.
Read more 👇
Want to know about the Multi-chain approach of DMD diamond blockchain?
Read👇
https://dmd-diamond.medium.com/multi-chain-approach-by-dmd-diamond-blockchain-f5ebe38412f2
Read👇
https://dmd-diamond.medium.com/multi-chain-approach-by-dmd-diamond-blockchain-f5ebe38412f2
Medium
Multi-chain Approach by DMD Diamond Blockchain
One of the key use cases of the DMD diamond blockchain is interoperability across chains. As we do emphasize, DMDv4 features…
🗣 Metaverse on the DMD Diamond Blockchain
One of the use cases of blockchain technology is its support for the new iteration of the internet - the Metaverse. The Metaverse helps to have immersive experiences by providing us with virtual ecosystems and interactions. It refers to the aggregation of every virtual space built using blockchain technology - from digital streets to curated lands, to NFT galleries, to gaming planets, etc.
The metaverse enables every user (inform of avatar) to have and use a unique identity to navigate across growing networks of virtual environments. This makes it a similitude of the real world - where you can travel to new countries without needing to secure a new passport every time you are at a new destination.
More below👇
One of the use cases of blockchain technology is its support for the new iteration of the internet - the Metaverse. The Metaverse helps to have immersive experiences by providing us with virtual ecosystems and interactions. It refers to the aggregation of every virtual space built using blockchain technology - from digital streets to curated lands, to NFT galleries, to gaming planets, etc.
The metaverse enables every user (inform of avatar) to have and use a unique identity to navigate across growing networks of virtual environments. This makes it a similitude of the real world - where you can travel to new countries without needing to secure a new passport every time you are at a new destination.
More below👇
🗣 Global Economic Crisis - What's The Future of DMD Diamond Blockchain
The recent economic downturns have been the talk of the world. Most fiat currencies are drastically reducing in value and purchasing power - from the Dollar to Euro, to Pounds, etc. We are now at a time when every country worries about their financial stability.
Then, what's the future of blockchains and cryptocurrencies?
Inevitably, blockchains and cryptocurrencies that operate on Proof of Work (PoW) consensus algorithms suffer the most. The financial responsibilities to power PoW blockchains at the moment are not the same as they were. That affects the mining of new coins from such blockchains. Time like this emphasizes the need to transit to more sustainable consensus algorithms.
More below👇
The recent economic downturns have been the talk of the world. Most fiat currencies are drastically reducing in value and purchasing power - from the Dollar to Euro, to Pounds, etc. We are now at a time when every country worries about their financial stability.
Then, what's the future of blockchains and cryptocurrencies?
Inevitably, blockchains and cryptocurrencies that operate on Proof of Work (PoW) consensus algorithms suffer the most. The financial responsibilities to power PoW blockchains at the moment are not the same as they were. That affects the mining of new coins from such blockchains. Time like this emphasizes the need to transit to more sustainable consensus algorithms.
More below👇
🗣️ DMD Diamond Blockchain Updates For July👇
1️⃣ Diamond Node Software version 3.3.4-hbbft-0.8.4 was released - https://github.com/DMDcoin/openethereum-3.x/releases/tag/v3.3.4-hbbft-0.8.4
2️⃣ We are currently scaling down the network to only ~ 5 nodes in preparation for the forthcoming beta network. The new network would then be used for Load Testing and Parameter Optimization. We also planned to use the existing hardware for these test series and also scale up the current testnet network again once the tests finishes.
3️⃣ We marked the 9th Anniversary for DMD diamond blockchain existence🥰✨🎉.
4️⃣ Our developers went on a mid-summer vacation week🥰
More below 👇
1️⃣ Diamond Node Software version 3.3.4-hbbft-0.8.4 was released - https://github.com/DMDcoin/openethereum-3.x/releases/tag/v3.3.4-hbbft-0.8.4
2️⃣ We are currently scaling down the network to only ~ 5 nodes in preparation for the forthcoming beta network. The new network would then be used for Load Testing and Parameter Optimization. We also planned to use the existing hardware for these test series and also scale up the current testnet network again once the tests finishes.
3️⃣ We marked the 9th Anniversary for DMD diamond blockchain existence🥰✨🎉.
4️⃣ Our developers went on a mid-summer vacation week🥰
More below 👇
🗣️ What's a Decentralised Autonomous Organisation (DAO)?
After mainnet release, DMD v4.1 upgrade would come with transition to the Decentralised Autonomous Organisation (DAO). The core content of the upgrade would be an on-chain governance system that interacts with the POSDAO for voting rights.
So, what's Decentralised Autonomous Organisation (DAO)?
DAO is a decentralised organisation that functions autonomously and is governed by a set of computer (smart contract) codes and programs. The written smart contract codes run on a blockchain. They are responsible for powering the governing system of a DAO, without any form of intervention from central authority.
DAOs are run by a community of stakeholders i.e members, and they get incentivized via a native token system of such ecosystem. They have built-in features that are only accessible with the approval of the native members. All decisions are made via an agreed proposal through a voting system.
More below 👇
After mainnet release, DMD v4.1 upgrade would come with transition to the Decentralised Autonomous Organisation (DAO). The core content of the upgrade would be an on-chain governance system that interacts with the POSDAO for voting rights.
So, what's Decentralised Autonomous Organisation (DAO)?
DAO is a decentralised organisation that functions autonomously and is governed by a set of computer (smart contract) codes and programs. The written smart contract codes run on a blockchain. They are responsible for powering the governing system of a DAO, without any form of intervention from central authority.
DAOs are run by a community of stakeholders i.e members, and they get incentivized via a native token system of such ecosystem. They have built-in features that are only accessible with the approval of the native members. All decisions are made via an agreed proposal through a voting system.
More below 👇
🗣️ Total Decentralisation of DMD Diamond Blockchain - A Benefit from DAO ✨✨
At the moment, the ecosystem is voluntarily community-driven. When the DMD diamond blockchain finally transits into a decentralised autonomous organisation (DAO) with the upcoming v4.1 upgrade, total decentralisation of our ecosystem would be a no brainer.
This means that our members - stakeholders or validator node operators would solely have influences on the development of the blockchain, and every validators/deligators would be incentivized based on their staked coins. They would have the rights from making proposals, to voting rights, to granting approvals for funding projects, etc.
You may be wondering how transiting to DAO brings total decentralisation to our activities on the blockchain. Stay tuned why we navigate you through one of them.
More below 👇
At the moment, the ecosystem is voluntarily community-driven. When the DMD diamond blockchain finally transits into a decentralised autonomous organisation (DAO) with the upcoming v4.1 upgrade, total decentralisation of our ecosystem would be a no brainer.
This means that our members - stakeholders or validator node operators would solely have influences on the development of the blockchain, and every validators/deligators would be incentivized based on their staked coins. They would have the rights from making proposals, to voting rights, to granting approvals for funding projects, etc.
You may be wondering how transiting to DAO brings total decentralisation to our activities on the blockchain. Stay tuned why we navigate you through one of them.
More below 👇
Read How DMD Diamond Blockchain DAO Serves As A Glad Tiding To Third Party Projects And Our Members 👇
https://dmd-diamond.medium.com/%EF%B8%8F-dmd-diamond-blockchain-dao-a-glad-tiding-to-third-party-projects-and-our-members-e15e0921ad9c
https://dmd-diamond.medium.com/%EF%B8%8F-dmd-diamond-blockchain-dao-a-glad-tiding-to-third-party-projects-and-our-members-e15e0921ad9c
Medium
🗣️ DMD Diamond Blockchain DAO — A Glad Tiding To Third Party Projects And Our Members✨✨
As we keep emphasizing, DMD diamond blockchain DAO would revolutionize our structure and function regarding DMD diamond blockchain…
🗣️ How DMD Diamond Blockchain Ecosystem Could Have Limited Amount of Coins And Still Endless Epoch Rewards For Validators?
DMD diamond blockchain uses the "4 coin pot" system in the distribution of its tokens - tokenomics. They include the Claiming Pot, Delta Pot, Reinsert Pot, and the Governance Pot.
While the Claiming Pot helps DMDv3 coin holders to claim new DMD coins that run on v4 network in a 1:1 ratio to their v3 snapshot balance, the Governance Pot stores some percentage of unclaimed coins. In addition to the Governance Pot, a 10% of Epoch rewards continuously fill the DAO Pot - which help the DAO to function when it comes to voting regarding the project, marketing, and granting/funding third party projects.
What would make the DMD diamond blockchain ecosystem to have endless Epoch rewards for validators, while having limited total amount of 4.38 million v4 coins is centered on the "Reinsert and the Delta Pots".
More below 👇
DMD diamond blockchain uses the "4 coin pot" system in the distribution of its tokens - tokenomics. They include the Claiming Pot, Delta Pot, Reinsert Pot, and the Governance Pot.
While the Claiming Pot helps DMDv3 coin holders to claim new DMD coins that run on v4 network in a 1:1 ratio to their v3 snapshot balance, the Governance Pot stores some percentage of unclaimed coins. In addition to the Governance Pot, a 10% of Epoch rewards continuously fill the DAO Pot - which help the DAO to function when it comes to voting regarding the project, marketing, and granting/funding third party projects.
What would make the DMD diamond blockchain ecosystem to have endless Epoch rewards for validators, while having limited total amount of 4.38 million v4 coins is centered on the "Reinsert and the Delta Pots".
More below 👇
🗣️ Tips To Prevent Losing Coins Following The Launch of DMD v4.✨✨
We continue to boost a community-driven project since the inception of our ecosystem. Over the years, you've placed your trust on the blockchain, and we won't also jeopardize your presence here. The reason we try to offer you value every time.
When DMD v4 comes into launch fully, DMD v3 coin holders would have the opportunity to claim the v4 coins in a ratio of 1 to 1. Meaning, for your 1 DMD v3 coin, you get an equivalent of 1 DMD v4 coin once you claim it.
Below are tips to prevent losing your coins following our upgrade to V4:
1️⃣ As a DMD v3 coin holder, do claim the equivalent DMD v4 coins within 3 months following the date of the mainnet launch.
2️⃣ When you claim your coin between a period of 3-6 months post mainnet launch, you are only entitled to 75% of the initial coin as your new v4 coin, while the remaining 25% would gradually be reinserted into circulation as Epoch rewards and DAO project funds.
We continue to boost a community-driven project since the inception of our ecosystem. Over the years, you've placed your trust on the blockchain, and we won't also jeopardize your presence here. The reason we try to offer you value every time.
When DMD v4 comes into launch fully, DMD v3 coin holders would have the opportunity to claim the v4 coins in a ratio of 1 to 1. Meaning, for your 1 DMD v3 coin, you get an equivalent of 1 DMD v4 coin once you claim it.
Below are tips to prevent losing your coins following our upgrade to V4:
1️⃣ As a DMD v3 coin holder, do claim the equivalent DMD v4 coins within 3 months following the date of the mainnet launch.
2️⃣ When you claim your coin between a period of 3-6 months post mainnet launch, you are only entitled to 75% of the initial coin as your new v4 coin, while the remaining 25% would gradually be reinserted into circulation as Epoch rewards and DAO project funds.
🗣️ DMD Diamond Blockchain Updates For August✨✨
1️⃣ Alpha testnet sized down and was under control by only the nodes managed by the alpha testers. No stalls or whatsoever subsequently.
2️⃣ A new temporary network was set up for performance and stability tests. During these tests the UIs for the performance test network were available:
Blockscout : http://38.242.206.143:81
Diamond UI: http://38.242.206.143:82
3️⃣ The stability and performance tests showed great stability. The performance test features that the network produces large blocks if there is a lot of load, and small fast blocks if there is low load, and no blocks (beside a 10 minute heartbeat) if there is no load.
More below 👇
1️⃣ Alpha testnet sized down and was under control by only the nodes managed by the alpha testers. No stalls or whatsoever subsequently.
2️⃣ A new temporary network was set up for performance and stability tests. During these tests the UIs for the performance test network were available:
Blockscout : http://38.242.206.143:81
Diamond UI: http://38.242.206.143:82
3️⃣ The stability and performance tests showed great stability. The performance test features that the network produces large blocks if there is a lot of load, and small fast blocks if there is low load, and no blocks (beside a 10 minute heartbeat) if there is no load.
More below 👇
🗣 An Overview of Our Foundation Meeting Some Weeks Back
Dear community,
With our utmost priority to make DMD diamond blockchain sustainable and for future transition to completely a DAO, below are some good news from our last meeting - that would revolutionize our way of operations and more.
First off, our former CEO of diamond foundation - Alex, declared his full support and focus on the task Organice. He also promised to fund a professional, reputable team to make a code review of pre-dmd V4 release. All thanks to Alex who took up these very important tasks. This means we would be able to test run every DMD v4 code, diagnose any sort of bugs, and address them pre-dmd v4 launch. Hurray!🎉
More below👇
Dear community,
With our utmost priority to make DMD diamond blockchain sustainable and for future transition to completely a DAO, below are some good news from our last meeting - that would revolutionize our way of operations and more.
First off, our former CEO of diamond foundation - Alex, declared his full support and focus on the task Organice. He also promised to fund a professional, reputable team to make a code review of pre-dmd V4 release. All thanks to Alex who took up these very important tasks. This means we would be able to test run every DMD v4 code, diagnose any sort of bugs, and address them pre-dmd v4 launch. Hurray!🎉
More below👇
🗣️ The Concept of Staking and Transaction's Validation on DMD Diamond Blockchain. What you should know!
Staking and Validation of transactions are two unseparated lingos when it comes to blockchain operability, and DMD diamond blockchain isn't an exception. While some blockchains (like Bitcoin) aren't using staking and validation principles of transactions, all due to using Proof of Work consensus (PoW), others (like DMD diamond blockchain) uses Proof of Stake consensus (PoS) that permit staking and validator nodes to validate transactions made on such blockchain.
In those blockchains that use Proof of Work Consensus (PoW), highly exorbitant processing power is used in validating transactions. Miners compete to solve a cryptographic puzzle. The first to solve the puzzle becomes the winner, and earns the right to add the latest “block” of verified transactions onto such blockchain, and inturn, get incentivized with some crypto.
More below 👇
Staking and Validation of transactions are two unseparated lingos when it comes to blockchain operability, and DMD diamond blockchain isn't an exception. While some blockchains (like Bitcoin) aren't using staking and validation principles of transactions, all due to using Proof of Work consensus (PoW), others (like DMD diamond blockchain) uses Proof of Stake consensus (PoS) that permit staking and validator nodes to validate transactions made on such blockchain.
In those blockchains that use Proof of Work Consensus (PoW), highly exorbitant processing power is used in validating transactions. Miners compete to solve a cryptographic puzzle. The first to solve the puzzle becomes the winner, and earns the right to add the latest “block” of verified transactions onto such blockchain, and inturn, get incentivized with some crypto.
More below 👇
Eager to know all about the Unique Diamonds Project? Click the link below to head on to our medium article on it! 👇
https://dmd-diamond.medium.com/what-you-should-know-about-unique-diamonds-project-e4b8b1658390
https://dmd-diamond.medium.com/what-you-should-know-about-unique-diamonds-project-e4b8b1658390
Medium
What You Should Know About Unique Diamonds Project
All thanks to the DMD diamond blockchain that support the host of third-party projects — through providing first industry advantages like…