Where to Buy DMD Coins
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DMD Diamond is a new generation monetary system with its network protocols, infrastructure and services that creates new economic opportunities for everyone.
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Any investor of the platform can become part of the huge DMD blockchain and participate in the creation of new blocks, acting as a validator or a staker. Both parties will receive a reward for keeping coins in the network and maintaining its operation.
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The DMD coin is the native DMD Diamond coin that performs certain functions on the platform and is also traded on exchanges. In order to become a holder of a DMD coin, a user just needs to click on the link of one of the exchanges and buy coins to their wallet.
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🔹 P2PB2B: https://p2pb2b.io/trade/DMD_USDT/
🔹 P2PB2B: https://p2pb2b.io/trade/DMD_btc
🔹 P2PB2B: https://p2pb2b.io/trade/DMD_eth
🔹 ExMarkets: https://exmarkets.com/trade/dmd-btc
🔹 ExMarkets: https://exmarkets.com/trade/dmd-eth
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Below you can find the list of exchanges that have listed DMDv3 but did not announce the support of DMDv4 until yet.
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🔹 Crex24: https://crex24.com/exchange/DMD-BTC
🔹 BTCpop: https://btcpop.co/home.php
🔹 Blocknet: https://www.blocknet.co
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Buy DMD coins and earn passive income together with the bit.diamonds platform!
⠀
DMD Diamond is a new generation monetary system with its network protocols, infrastructure and services that creates new economic opportunities for everyone.
⠀
Any investor of the platform can become part of the huge DMD blockchain and participate in the creation of new blocks, acting as a validator or a staker. Both parties will receive a reward for keeping coins in the network and maintaining its operation.
⠀
The DMD coin is the native DMD Diamond coin that performs certain functions on the platform and is also traded on exchanges. In order to become a holder of a DMD coin, a user just needs to click on the link of one of the exchanges and buy coins to their wallet.
⠀
🔹 P2PB2B: https://p2pb2b.io/trade/DMD_USDT/
🔹 P2PB2B: https://p2pb2b.io/trade/DMD_btc
🔹 P2PB2B: https://p2pb2b.io/trade/DMD_eth
🔹 ExMarkets: https://exmarkets.com/trade/dmd-btc
🔹 ExMarkets: https://exmarkets.com/trade/dmd-eth
⠀
Below you can find the list of exchanges that have listed DMDv3 but did not announce the support of DMDv4 until yet.
⠀
🔹 Crex24: https://crex24.com/exchange/DMD-BTC
🔹 BTCpop: https://btcpop.co/home.php
🔹 Blocknet: https://www.blocknet.co
⠀
Buy DMD coins and earn passive income together with the bit.diamonds platform!
DMD Coins recovery mechanism
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Some coins on the cryptocurrency market are considered irretrievably lost, or dead. This is due to the fact that users lose access to wallets, and the lost coins are no longer involved in transactions.
⠀
But there is another type of coins that is considered "sleeping coins". This happens if the user:
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◼️ forgets that they are stored somewhere or simply does not use them
◼️ forgets to request or swap them after the network is updated
◼️ puts them in some kind of a pool, exchange, or another service, which then stops working
◼️ stakes them with a validator (in PoS networks), which makes them locked up.
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DMD Diamond offers its own solution that can return these coins to circulation: a recovery and re-installation system.
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On the DMD Diamond platform, there are DMDv3 holders who can request their v3 snapshot balance as DMDv4 coins through a claiming dApp.
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◼️ If you submit an application within 3 months of the launch date, you will receive the equivalent of 100% of your coins.
◼️ If you wait from 3 to 6 months, you will get only 75%. The remaining 25% are "restored" — re-introduced into the ecosystem (distributed between two pools or "pots").
◼️ If the user does not request DMDv4 for more than 6 months, another 25% is restored after the launch.
◼️ After 5 years of inactivity, the user loses claiming rights of DMDv4 (of course, DMDv3 will remain with them).
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Another source of reinserted coins is long-term inactive validator nodes. We are reinserting abandoned coins that are on top of a 10-year inactive validator candidate (never was part of an active validator set in at least 10 years) into the coin rollout. Invest in DMD v4 now and become a part of the successful future of bit.diamonds!
⠀
Some coins on the cryptocurrency market are considered irretrievably lost, or dead. This is due to the fact that users lose access to wallets, and the lost coins are no longer involved in transactions.
⠀
But there is another type of coins that is considered "sleeping coins". This happens if the user:
⠀
◼️ forgets that they are stored somewhere or simply does not use them
◼️ forgets to request or swap them after the network is updated
◼️ puts them in some kind of a pool, exchange, or another service, which then stops working
◼️ stakes them with a validator (in PoS networks), which makes them locked up.
⠀
DMD Diamond offers its own solution that can return these coins to circulation: a recovery and re-installation system.
⠀
On the DMD Diamond platform, there are DMDv3 holders who can request their v3 snapshot balance as DMDv4 coins through a claiming dApp.
⠀
◼️ If you submit an application within 3 months of the launch date, you will receive the equivalent of 100% of your coins.
◼️ If you wait from 3 to 6 months, you will get only 75%. The remaining 25% are "restored" — re-introduced into the ecosystem (distributed between two pools or "pots").
◼️ If the user does not request DMDv4 for more than 6 months, another 25% is restored after the launch.
◼️ After 5 years of inactivity, the user loses claiming rights of DMDv4 (of course, DMDv3 will remain with them).
⠀
Another source of reinserted coins is long-term inactive validator nodes. We are reinserting abandoned coins that are on top of a 10-year inactive validator candidate (never was part of an active validator set in at least 10 years) into the coin rollout. Invest in DMD v4 now and become a part of the successful future of bit.diamonds!
DMD solutions vs. green or HDD mining
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The blockchain industry is racing against time to find a solution to the resource waste challenge. While Bitcoin miners are targeting renewables, Chia is promoting so-called HDD mining (which can fry your hard drive). But DMDv4 goes further with its unique cooperative consensus model.
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Read on more: https://link.medium.com/eewRhtgR4hb
⠀
The blockchain industry is racing against time to find a solution to the resource waste challenge. While Bitcoin miners are targeting renewables, Chia is promoting so-called HDD mining (which can fry your hard drive). But DMDv4 goes further with its unique cooperative consensus model.
⠀
Read on more: https://link.medium.com/eewRhtgR4hb
DMD Diamond main mission
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For more than seven years, DMD Diamond has been working on creating a unique ecosystem that would allow users to freely make profit in the crypto market. In more than 8 years, we have completely changed our consensus to a more environmentally friendly, fast and economical HBBFT based on dPoS.
⠀
But why all this, and what do we want to achieve? The market requires changes, which means that each project must contribute to its renewal. We don't just want to reduce the harmful impact of standard mining systems on our Earth but also to upgrade the financial system.
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DMDv4's mission is to give people the opportunity to achieve financial freedom and independence by creating a platform that provides a secure, affordable and profitable blockchain-based economy.
⠀
We are actively working to promote open-source protocols and services. A market operating on interoperable blockchains is a new level that we all want to achieve.
⠀
Join bit.diamonds and change the market for the better with us!
⠀
For more than seven years, DMD Diamond has been working on creating a unique ecosystem that would allow users to freely make profit in the crypto market. In more than 8 years, we have completely changed our consensus to a more environmentally friendly, fast and economical HBBFT based on dPoS.
⠀
But why all this, and what do we want to achieve? The market requires changes, which means that each project must contribute to its renewal. We don't just want to reduce the harmful impact of standard mining systems on our Earth but also to upgrade the financial system.
⠀
DMDv4's mission is to give people the opportunity to achieve financial freedom and independence by creating a platform that provides a secure, affordable and profitable blockchain-based economy.
⠀
We are actively working to promote open-source protocols and services. A market operating on interoperable blockchains is a new level that we all want to achieve.
⠀
Join bit.diamonds and change the market for the better with us!
Eliminating inactive users and lost-coin problem
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In the cryptocurrency market, the problem of losing bitcoins and other cryptocurrencies is prominent and is still unsolved. Users lose access to their assets or forget about them, which decreases the accessible cryptocurrency supply.
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When switching from DMDv3 to DMDv4, we faced the problem that there were a lot of “sleeping coins”, whose owners either became inactive (left the project), or simply did not exchange coins after updating the network, or sent them to a validator that is no longer active.
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In order to try to recycle lost coins, we have developed a way to initially prevent their loss.
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— The holder is obliged to demand DMDv4 coins within 3 months from the date of mainnet launch, which will allow him to receive 1 DMDv4 equivalent to 1 DMDv3.
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— If the holder requests coins later, namely between 3-6 months, he will receive only 75% of the coins from the initial amount. The remaining 25% will be slowly reinserted into coin circulation as rewards and DAO proposal funding.
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— From 6 months to 5 years, DMDv3 coin holders can only claim 50% of the coins they originally held.
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— After 5 years, all remaining unclaimed coins are redirected to the DAO system pot and the reinsert pot and the claiming period ends.
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But this system will not help to restore coins if the holder has lost access to the wallet. Therefore, we hope that our users will also help us to control the DMDv4 coins in circulation.
⠀
Coins that are staked on top of a 10-year inactive validator candidate will be also considered as abandoned and redirected into reinsert pot to be slowly reinserted into coin circulation as rewards and DAO proposal funding.
⠀
Buy DMDv4 and become a part of the huge bit.diamonds ecosystem!
⠀
In the cryptocurrency market, the problem of losing bitcoins and other cryptocurrencies is prominent and is still unsolved. Users lose access to their assets or forget about them, which decreases the accessible cryptocurrency supply.
⠀
When switching from DMDv3 to DMDv4, we faced the problem that there were a lot of “sleeping coins”, whose owners either became inactive (left the project), or simply did not exchange coins after updating the network, or sent them to a validator that is no longer active.
⠀
In order to try to recycle lost coins, we have developed a way to initially prevent their loss.
⠀
— The holder is obliged to demand DMDv4 coins within 3 months from the date of mainnet launch, which will allow him to receive 1 DMDv4 equivalent to 1 DMDv3.
⠀
— If the holder requests coins later, namely between 3-6 months, he will receive only 75% of the coins from the initial amount. The remaining 25% will be slowly reinserted into coin circulation as rewards and DAO proposal funding.
⠀
— From 6 months to 5 years, DMDv3 coin holders can only claim 50% of the coins they originally held.
⠀
— After 5 years, all remaining unclaimed coins are redirected to the DAO system pot and the reinsert pot and the claiming period ends.
⠀
But this system will not help to restore coins if the holder has lost access to the wallet. Therefore, we hope that our users will also help us to control the DMDv4 coins in circulation.
⠀
Coins that are staked on top of a 10-year inactive validator candidate will be also considered as abandoned and redirected into reinsert pot to be slowly reinserted into coin circulation as rewards and DAO proposal funding.
⠀
Buy DMDv4 and become a part of the huge bit.diamonds ecosystem!
DMD network security solution
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The main property of any consensus algorithm is ensuring the security of the blockchain. And each network tries to find the best solution for itself by developing and improving the consensus structure.
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Yes, PoW provides a high level of blockchain protection, but only for the primary blockchain of a mining algorithm (for example, bitcoin is protected well but bitcoin cash is vulnerable that is all bitcoin cash hashrate could be used on the bitcoin network and have no effect or majority but all bitcoin hashrate on bitcoin cash would easy become potent enough for a 51% attack), as everyone knows, it is more energy-consuming than PoS and badly affects the environment. Our platform offers its own unique solution!
⠀
DMD Diamond operates on a unique HBBFT consensus with DPoS implementation. After extensive research, the DMD Diamond team has found that the use of HBBFT significantly increases the efficiency and security of the blockchain, which makes this consensus ideal for DMD. It’s the industry’s first solution and DMD Diamond will be an innovator introducing new technology into a productive smart contract.
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The results of the transition to HBBFT:
— Increased reliability of the blockchain
— Detection and elimination of malicious nodes
— Elimination of the possibility of a hard fork and of orphan blocks in the blockchain.
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Thus, HBBFT provides high network security, and DPoS creates a higher level of decentralization than the protocols of fixed consensus nodes.
⠀
Choose the reliability and security of the bit.diamonds network!
⠀
The main property of any consensus algorithm is ensuring the security of the blockchain. And each network tries to find the best solution for itself by developing and improving the consensus structure.
⠀
Yes, PoW provides a high level of blockchain protection, but only for the primary blockchain of a mining algorithm (for example, bitcoin is protected well but bitcoin cash is vulnerable that is all bitcoin cash hashrate could be used on the bitcoin network and have no effect or majority but all bitcoin hashrate on bitcoin cash would easy become potent enough for a 51% attack), as everyone knows, it is more energy-consuming than PoS and badly affects the environment. Our platform offers its own unique solution!
⠀
DMD Diamond operates on a unique HBBFT consensus with DPoS implementation. After extensive research, the DMD Diamond team has found that the use of HBBFT significantly increases the efficiency and security of the blockchain, which makes this consensus ideal for DMD. It’s the industry’s first solution and DMD Diamond will be an innovator introducing new technology into a productive smart contract.
⠀
The results of the transition to HBBFT:
— Increased reliability of the blockchain
— Detection and elimination of malicious nodes
— Elimination of the possibility of a hard fork and of orphan blocks in the blockchain.
⠀
Thus, HBBFT provides high network security, and DPoS creates a higher level of decentralization than the protocols of fixed consensus nodes.
⠀
Choose the reliability and security of the bit.diamonds network!
Elon Musk harms the crypto and DMD saves it
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Recently, Elon Musk has become one of the main figures in the world of cryptocurrencies. His tweets cause instant reactions from crypto users and cause wild price swings in the market.
⠀
DOGEcoin has been steadily growing in price since May only because the founder of SpaceX has well spoken about the coin. But when Elon Musk said that mining BTC harms the environment, it significantly affected the price of the largest coin and the crypto market as a whole.
⠀
After the recent events and hype around BTC and Elon Musk, experts have collected impressive statistics by conducting a survey of 1,103 people:
◼️ 49% said that “dirty” mining pushes them away from investing in cryptocurrency.
◼️ 70% of the respondents preferred investing in a more environmentally friendly cryptocurrency than BTC.
◼️ 30% of the respondents sold digital gold in May 2021, some of them admitted that they did it because of Elon's statements.
⠀
At the same time, almost half of crypto investors say that Musk has too much undeserved influence on the crypto market and also recognized his statements as annoying or entertaining.
⠀
On the one hand, the statements of Elon Musk pointed out to us the main problem of the cryptocurrency market – non-ecological mining. This forced many people not only to change their attitude but also forced the owners of platforms and farms to change their approach to a “cleaner” one.
⠀
The DMD Diamond platform has always been one step ahead. We have abandoned PoW and switched to a 99% more environmentally friendly way of processing transactions many years ago and with DMDv4 we go a step further and improve it even more via HBBFT and dPoS. Like Elon, we strive to create a new ecosystem that is safe for the environment, attracting people to the market, and not scaring them away.
⠀
It is important for us not to criticize but to offer a real solution to the existing problem, to reward users for participation. This is the main difference!
⠀
Become a part of the new “clean” ecosystem of bit.diamonds!
⠀
Recently, Elon Musk has become one of the main figures in the world of cryptocurrencies. His tweets cause instant reactions from crypto users and cause wild price swings in the market.
⠀
DOGEcoin has been steadily growing in price since May only because the founder of SpaceX has well spoken about the coin. But when Elon Musk said that mining BTC harms the environment, it significantly affected the price of the largest coin and the crypto market as a whole.
⠀
After the recent events and hype around BTC and Elon Musk, experts have collected impressive statistics by conducting a survey of 1,103 people:
◼️ 49% said that “dirty” mining pushes them away from investing in cryptocurrency.
◼️ 70% of the respondents preferred investing in a more environmentally friendly cryptocurrency than BTC.
◼️ 30% of the respondents sold digital gold in May 2021, some of them admitted that they did it because of Elon's statements.
⠀
At the same time, almost half of crypto investors say that Musk has too much undeserved influence on the crypto market and also recognized his statements as annoying or entertaining.
⠀
On the one hand, the statements of Elon Musk pointed out to us the main problem of the cryptocurrency market – non-ecological mining. This forced many people not only to change their attitude but also forced the owners of platforms and farms to change their approach to a “cleaner” one.
⠀
The DMD Diamond platform has always been one step ahead. We have abandoned PoW and switched to a 99% more environmentally friendly way of processing transactions many years ago and with DMDv4 we go a step further and improve it even more via HBBFT and dPoS. Like Elon, we strive to create a new ecosystem that is safe for the environment, attracting people to the market, and not scaring them away.
⠀
It is important for us not to criticize but to offer a real solution to the existing problem, to reward users for participation. This is the main difference!
⠀
Become a part of the new “clean” ecosystem of bit.diamonds!
DMD Diamond’s solutions to the crypto market problems
While developing DMDv4, we aimed to tackle several of the most pressing blockchain challenges, from the excessive use of energy to lost coins. The result is an elegantly balanced framework that is fair, efficient and decentralized.
Read on more: https://link.medium.com/dpLWLI7Heib
While developing DMDv4, we aimed to tackle several of the most pressing blockchain challenges, from the excessive use of energy to lost coins. The result is an elegantly balanced framework that is fair, efficient and decentralized.
Read on more: https://link.medium.com/dpLWLI7Heib
Medium
DMD Diamond’s solutions to the crypto market problems
While developing DMDv4, we aimed to tackle several of the most pressing blockchain challenges, from the excessive use of energy to lost…
DMD is the future of the new eco market
⠀
The situation with BTC mining has greatly shaken the crypto market. After Elon Musk's statements about “dirty cryptocurrency mining”, many users changed their attitude to the market, and someone even sold their BTC.
⠀
◼️ On the one hand, you can see a lot of disadvantages, because the price of the currency has fallen significantly (almost by half), which means that the market is in a crisis. Mining farms are closing, people are not sure about the future of the cryptocurrency market.
⠀
◼️ On the other hand, any problem is a sign that it is time to look for new solutions. We can see that many blockchains are switching from the PoW consensus to PoS, which significantly reduces the energy consumption when processing transactions.
⠀
Our platform transitioned to “clean” mining much earlier, switching to PoS and then to HBBFT with the addition of a DPoS-based node election algorithm.
⠀
This consensus is extremely energy efficient. Moreover, HBBFT has no orphan blocks, and it is not subject to unintended forks. Cooperative Consensus DMD is fast, economical and more environmentally friendly than PoW or PoS, which tangibly reduces the waste of energy.
⠀
This is the world’s first implementation of this technology on a smart contract that makes blockchain and DMD Diamond a true innovation leader!
⠀
DMD Diamond strives for a new “clean” blockchain market, which will one day replace not only PoW mining but also the entire traditional financial system. With your support, we will be able to achieve this!
⠀
Invest in the eco-friendly future of the cryptocurrency market with bit.diamonds!
⠀
The situation with BTC mining has greatly shaken the crypto market. After Elon Musk's statements about “dirty cryptocurrency mining”, many users changed their attitude to the market, and someone even sold their BTC.
⠀
◼️ On the one hand, you can see a lot of disadvantages, because the price of the currency has fallen significantly (almost by half), which means that the market is in a crisis. Mining farms are closing, people are not sure about the future of the cryptocurrency market.
⠀
◼️ On the other hand, any problem is a sign that it is time to look for new solutions. We can see that many blockchains are switching from the PoW consensus to PoS, which significantly reduces the energy consumption when processing transactions.
⠀
Our platform transitioned to “clean” mining much earlier, switching to PoS and then to HBBFT with the addition of a DPoS-based node election algorithm.
⠀
This consensus is extremely energy efficient. Moreover, HBBFT has no orphan blocks, and it is not subject to unintended forks. Cooperative Consensus DMD is fast, economical and more environmentally friendly than PoW or PoS, which tangibly reduces the waste of energy.
⠀
This is the world’s first implementation of this technology on a smart contract that makes blockchain and DMD Diamond a true innovation leader!
⠀
DMD Diamond strives for a new “clean” blockchain market, which will one day replace not only PoW mining but also the entire traditional financial system. With your support, we will be able to achieve this!
⠀
Invest in the eco-friendly future of the cryptocurrency market with bit.diamonds!
Main Features of dPoS System
⠀
Delegated Proof of Stake (or dPoS) is a consensus algorithm that is similar in structure to PoS but has elements of voting in the network. DMD Diamond uses the dPoS consensus to select validators that participate in block creation.
⠀
Like other consensus algorithms, DMD Diamond dPoS has its advantages:
⠀
◼️ A higher level of decentralization than HBBFT with static validators
◼️ Low power consumption (much lower than PoW, a bit lower than PoS)
◼️ High level of security: the attacker needs ⅔ of the validator set to be able to manipulate the network. (that’s higher than POW or POS resilience )
⠀
Every 12 hours (Epoch), the system randomly selects up to 25 validators from the valid candidates. The chances of being selected depend on how many coins are staked on them. More reliable nodes attract more dPoS stakers and as such have more chances to be selected.
⠀
If the HBBFT consensus significantly speeds up transaction processing, allows instant finality transactions, perfect censorship resistance and uses resources more economically, the DPoS system provides complete decentralization when creating a block and distributing rewards.
⠀
Participate in the bit.diamonds network and earn DMD tokens!
⠀
Delegated Proof of Stake (or dPoS) is a consensus algorithm that is similar in structure to PoS but has elements of voting in the network. DMD Diamond uses the dPoS consensus to select validators that participate in block creation.
⠀
Like other consensus algorithms, DMD Diamond dPoS has its advantages:
⠀
◼️ A higher level of decentralization than HBBFT with static validators
◼️ Low power consumption (much lower than PoW, a bit lower than PoS)
◼️ High level of security: the attacker needs ⅔ of the validator set to be able to manipulate the network. (that’s higher than POW or POS resilience )
⠀
Every 12 hours (Epoch), the system randomly selects up to 25 validators from the valid candidates. The chances of being selected depend on how many coins are staked on them. More reliable nodes attract more dPoS stakers and as such have more chances to be selected.
⠀
If the HBBFT consensus significantly speeds up transaction processing, allows instant finality transactions, perfect censorship resistance and uses resources more economically, the DPoS system provides complete decentralization when creating a block and distributing rewards.
⠀
Participate in the bit.diamonds network and earn DMD tokens!
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.
⠀
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.
Is DMD better than Ethereum?
⠀
The Ethereum blockchain has been the leading dApp platform of the cryptocurrency market for many years. But over the past year when the price of ETH was rising strongly, users faced the problem of network congestion and high Gas fees. This was a good stimulus for the development of DeFi and the search for new solutions to increase the speed of transactions and reduce commissions on the blockchains.
⠀
Many developers, even those who used to work with Ethereum prefer alternative blockchains for deploying their dApps. Therefore, we are pleased to present DMDv4 – one of the most cost-effective alternatives. Here are a few reasons why our blockchain is better than Ethereum:
⠀
◼️ DMD Diamond uses the Honey Badger Byzantine Fault Tolerant (HBBFT) cooperative consensus in combination with the once-in-an-era validator selection technology. This ensures a higher level of decentralization.
⠀
◼️ DMDv4 is compatible with other blockchains. Any developer can transfer their project to DMD Diamond due to compatibility with EVM and support for the Solidity language.
⠀
◼️ Thanks to HBBFT, DMD reaches a throughput of at least 400 transactions per second, which is many times more than on Ethereum.
⠀
◼️ DMD is more energy-efficient. HBBFT requires a minimal amount of energy, while Ethereum's energy consumption indicators will be higher than DMD's even after switching from PoW to Pos.
⠀
Choose the improved blockchain bit.diamonds! Read more about us on Medium.
⠀
The Ethereum blockchain has been the leading dApp platform of the cryptocurrency market for many years. But over the past year when the price of ETH was rising strongly, users faced the problem of network congestion and high Gas fees. This was a good stimulus for the development of DeFi and the search for new solutions to increase the speed of transactions and reduce commissions on the blockchains.
⠀
Many developers, even those who used to work with Ethereum prefer alternative blockchains for deploying their dApps. Therefore, we are pleased to present DMDv4 – one of the most cost-effective alternatives. Here are a few reasons why our blockchain is better than Ethereum:
⠀
◼️ DMD Diamond uses the Honey Badger Byzantine Fault Tolerant (HBBFT) cooperative consensus in combination with the once-in-an-era validator selection technology. This ensures a higher level of decentralization.
⠀
◼️ DMDv4 is compatible with other blockchains. Any developer can transfer their project to DMD Diamond due to compatibility with EVM and support for the Solidity language.
⠀
◼️ Thanks to HBBFT, DMD reaches a throughput of at least 400 transactions per second, which is many times more than on Ethereum.
⠀
◼️ DMD is more energy-efficient. HBBFT requires a minimal amount of energy, while Ethereum's energy consumption indicators will be higher than DMD's even after switching from PoW to Pos.
⠀
Choose the improved blockchain bit.diamonds! Read more about us on Medium.
DMD coins issuance plan
⠀
The DMD coin is one of the oldest cryptocurrencies on the market. An important feature is that it retains its original emission model. Thanks to this mechanism, the token is five times more scarce than Bitcoin.
⠀
It is worth noting that DMD is one of those coins that has not just survived but has also grown significantly since the creation of all blockchain platforms at an early stage of development (2013), and the coin holders still trade and actively support it.
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DMD does not issue coins based on the algorithm. All coins are created with the initiation of the blockchain and distributed among the holders of DMD coins on an individual basis. The final supply of coins is 4,380,000 tokens. The issue of tokens looks like this:
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DMDv1 & DMDv2: July 13, 2013 – August 2017
DMDv3 Phase1: September 2017 – February 2018
DMDv3 Phase2: March 2018 – August 2020
DMDv3 Phase3: September 2020
DMDv4: release 2021
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The DMDv4 reward logic will recreate a similar curve for roll out undistributed coins and add on top a unique coin reinsert logic that allows for endless rewards even with a small finite supply.
⠀
DMD is one of the oldest coins on the cryptocurrency market, which is still supported by the developer and has an issue model based on an unusual distribution algorithm.
⠀
Learn more about the DMD coin on the website https://bit.diamonds/
⠀
The DMD coin is one of the oldest cryptocurrencies on the market. An important feature is that it retains its original emission model. Thanks to this mechanism, the token is five times more scarce than Bitcoin.
⠀
It is worth noting that DMD is one of those coins that has not just survived but has also grown significantly since the creation of all blockchain platforms at an early stage of development (2013), and the coin holders still trade and actively support it.
⠀
DMD does not issue coins based on the algorithm. All coins are created with the initiation of the blockchain and distributed among the holders of DMD coins on an individual basis. The final supply of coins is 4,380,000 tokens. The issue of tokens looks like this:
⠀
DMDv1 & DMDv2: July 13, 2013 – August 2017
DMDv3 Phase1: September 2017 – February 2018
DMDv3 Phase2: March 2018 – August 2020
DMDv3 Phase3: September 2020
DMDv4: release 2021
⠀
The DMDv4 reward logic will recreate a similar curve for roll out undistributed coins and add on top a unique coin reinsert logic that allows for endless rewards even with a small finite supply.
⠀
DMD is one of the oldest coins on the cryptocurrency market, which is still supported by the developer and has an issue model based on an unusual distribution algorithm.
⠀
Learn more about the DMD coin on the website https://bit.diamonds/
Difference between DMDv3 and DMDv4
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This year, the DMD Diamond platform has changed the block confirmation system from DMDv3 to DMDv4, which has allowed us to reach a new level of development. But many new users know what the key difference is because at first glance it is obvious that both consensus algorithms are based on the PoS mechanism.
⠀
PoS is a "new mining" and allows you to create new blocks in a faster, cheaper and less energy-consuming way (more environmentally friendly). But even in this system, there were disadvantages that needed improvement.
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The main differences between DMDv3 and DMDv4:
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◼️ Along with the transition to DMDv4, the Diamond platform switched to an EVM compatible codebase, which allows supporting smart contracts, is fully compatible with Ethereum and EVM.
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◼️ The DMDv4 system has a higher throughput than DMDv3, which reaches at least 400 transactions per second (we expect more in further optimisations).
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◼️ In DMDv3, we used the PoS/Masternode consensus. In DMDv4, we implement the world’s first asynchronous HoneyBadger BFT consensus on a smart contract, blocks are created in a cooperative instead of competitive way. All active validators can contribute transactions and create the block together, which makes a consensus without a leader. So, we increase the level of decentralization even more by add on top a dPoS like a node election mechanism.
⠀
Thus, the transition to DMDv4 turned out to be more effective for the operation of the DMD Diamond blockchain. Nevertheless, we continue our development, developing new and improved solutions for our network.
⠀
Stay tuned for future updates of bit.diamonds, and join our DMD DAO!
⠀
This year, the DMD Diamond platform has changed the block confirmation system from DMDv3 to DMDv4, which has allowed us to reach a new level of development. But many new users know what the key difference is because at first glance it is obvious that both consensus algorithms are based on the PoS mechanism.
⠀
PoS is a "new mining" and allows you to create new blocks in a faster, cheaper and less energy-consuming way (more environmentally friendly). But even in this system, there were disadvantages that needed improvement.
⠀
The main differences between DMDv3 and DMDv4:
⠀
◼️ Along with the transition to DMDv4, the Diamond platform switched to an EVM compatible codebase, which allows supporting smart contracts, is fully compatible with Ethereum and EVM.
⠀
◼️ The DMDv4 system has a higher throughput than DMDv3, which reaches at least 400 transactions per second (we expect more in further optimisations).
⠀
◼️ In DMDv3, we used the PoS/Masternode consensus. In DMDv4, we implement the world’s first asynchronous HoneyBadger BFT consensus on a smart contract, blocks are created in a cooperative instead of competitive way. All active validators can contribute transactions and create the block together, which makes a consensus without a leader. So, we increase the level of decentralization even more by add on top a dPoS like a node election mechanism.
⠀
Thus, the transition to DMDv4 turned out to be more effective for the operation of the DMD Diamond blockchain. Nevertheless, we continue our development, developing new and improved solutions for our network.
⠀
Stay tuned for future updates of bit.diamonds, and join our DMD DAO!
How many coins do you need to run a node on the DMD blockchain?
Anonymous Poll
19%
5,000 DMD
58%
10,000 DMD
12%
More than 15,000 DMD
12%
You don’t need DMD coins
DMD Network initiation: how it works
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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!
⠀
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!
Rotation of validators on DMDv4
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The block approval process looks like a list of transactions proposed by the current validators. They jointly confirm the block using signatures.
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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.
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A good side effect is that other blockchain applications that need true randomness can use such RNG numbers, without their own RNG mechanism.
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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).
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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 https://bit.diamonds/.
⠀
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 https://bit.diamonds/.
Why a high level of decentralization is importaint?
⠀
The traditional financial market is centralized, which means that there is a single management center, a central bank or a state. This entails a number of negative consequences for its participants. If the control center fails, it affects the entire system, and thus investors can lose their investments.
⠀
But since the advent of blockchain technologies, everything has changed. Blockchain has created a new decentralized financial system where every investor has the right to vote and remain independent. This provides a certain level of protection for each participant.
⠀
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!
⠀
The traditional financial market is centralized, which means that there is a single management center, a central bank or a state. This entails a number of negative consequences for its participants. If the control center fails, it affects the entire system, and thus investors can lose their investments.
⠀
But since the advent of blockchain technologies, everything has changed. Blockchain has created a new decentralized financial system where every investor has the right to vote and remain independent. This provides a certain level of protection for each participant.
⠀
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!
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!
⠀
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!
Evolution of mining systems and DMD's place in it
⠀
This year, thanks to Elon Musk, we have moved into a new era of so-called “ecological mining”. If we recall how a few years ago the idea of mining BTC seemed to be a technological advance, now PoW is a step back.
⠀
After many years of expensive mining, crypto enthusiasts began searching for a replacement for PoW with a more efficient and simple consensus algorithm. So in 2012, PoS appeared, which was presented on the PPCoin cryptocurrency. DMD Diamond did not lag behind the entire crypto market and also changed the hybrid POW / POS mechanism to PoS.
⠀
Each user received rewards according to the share of his ownership, but this is far from the level of decentralization that we would like to achieve. Therefore, we have taken an important step and switched from a competitive consensus to a cooperative one.
⠀
DMDv4 combined HBBFT (Byzantine Fault-Tolerant Honey Badger Consensus) and DPoS provided high network throughput and reliability. In DMDv4, there is no competition between validators, because the reward is distributed equally between them.
⠀
Thus, DMD managed to become one of the fastest and most decentralized blockchains on the market in 7 years.
⠀
Develop together with the bit.diamonds team!
⠀
This year, thanks to Elon Musk, we have moved into a new era of so-called “ecological mining”. If we recall how a few years ago the idea of mining BTC seemed to be a technological advance, now PoW is a step back.
⠀
After many years of expensive mining, crypto enthusiasts began searching for a replacement for PoW with a more efficient and simple consensus algorithm. So in 2012, PoS appeared, which was presented on the PPCoin cryptocurrency. DMD Diamond did not lag behind the entire crypto market and also changed the hybrid POW / POS mechanism to PoS.
⠀
Each user received rewards according to the share of his ownership, but this is far from the level of decentralization that we would like to achieve. Therefore, we have taken an important step and switched from a competitive consensus to a cooperative one.
⠀
DMDv4 combined HBBFT (Byzantine Fault-Tolerant Honey Badger Consensus) and DPoS provided high network throughput and reliability. In DMDv4, there is no competition between validators, because the reward is distributed equally between them.
⠀
Thus, DMD managed to become one of the fastest and most decentralized blockchains on the market in 7 years.
⠀
Develop together with the bit.diamonds team!
