Diamond (DMD) is a blockchain platform, with features like cooperative HBBFT consensus, delegated PoS election validation. More
Fully Diluted Valuation | $11.27M |
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24H Trading Volume | $19,671 |
24H Low / High | $2.53 / $ 2.60 |
Circulating Supply | 3.88 M |
Total Supply | 4.38 M |
Max Supply | ∞ |
Categories | Proof of Work (PoW) 2 more |
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Founder | Anonymous |
Website | bit.diamonds Whitepaper |
Socials | 6 more |
Explorer | Danbo 1 more |
Name | Pair | OG Score |
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Established in 2013, DMD Diamond has evolved into a community-driven blockchain ecosystem. The recent upgrade to DMDv4 introduces several notable features, enhancing its standing within the blockchain landscape.
Underlying Technological Advancements:
DMD Diamond's 2021 upgrade, DMDv4, incorporates a cooperative HBBFT consensus and a delegated PoS election validation mechanism. These features contribute to decentralization, censorship resistance, security, and interoperability.
Supply and Rarity Metrics:
With a maximum supply capped at 4.38 million coins, DMD Diamond distinguishes itself as three times scarcer than Bitcoin. The finite supply aligns with sustainability goals and influences its market position.
Diamond Wallet Functionality:
The Diamond Wallet, an open-source software, provides users with secure transaction capabilities and ownership of their DMD balance. Built-in protocols also reward network supporters, contributing to a transparent and secure user experience.
Multifunctionality for Developers:
DMD Diamond offers a conducive environment for developers with high transaction speeds (minimum 400 TPS), low fees, interoperability with Ethereum, and random number capabilities. These features make it an attractive platform for the development of decentralized applications (dApps).
Cooperative Staking Model:
DMD Diamond incentivizes network support through cooperative staking. Validators can stake on top of others or run their own nodes, earning rewards for contributing to block creation. The cooperative approach ensures equitable distribution of rewards among validators and their delegators.
Conclusion:
DMD Diamond's objective is to provide a secure, efficient, and decentralized blockchain environment. Through its DMDv4 upgrade, the platform introduces features that align with industry standards and market demands. As DMD Diamond continues to adapt to evolving conditions, its focus on technological robustness and sustainability positions it as a notable player in the blockchain space.
DMD Diamond stands out for its 2021 upgrade, DMDv4, featuring a cooperative HBBFT consensus and delegated PoS election validation, providing true decentralization, security, low transaction fees, and a finite maximum supply of 4.38 million coins, making it three times scarcer than Bitcoin.
DMD Diamond's founders launched the platform in 2013, and specific names are anonymous.
You can buy Diamond (DMD) on BitMart, P2B cryptocurrency exchanges.
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