diamond Diamond (DMD)

-0.63% (24H)
Market CapVolumeAvailable Supply
$9.39 M$28,4713.60 M DMD

Diamond current price is $2.610 with a marketcap of $9.39 M. Its price is -0.63% down in last 24 hours.

What is DMD Diamond? DMD Diamond is a digital currency that that allows people to send money anywhere in the world instantly, securely and at near zero cost. It focuses on creating a multi entry, high rewards monetary system that empowers people to achieve financial freedom through blockchain based technology. DMD Diamond's conceptual goal is to become an ultra-scarce non-government controlled storage of wealth with software facilities that can increase that wealth over time. Emission Model DMD Diamond Coin rollout is one of the cornerstones of this monetary system. The emission model stays the same as in DMD Diamond 2.0, however, the introduced changes make the emission of new coins smoother and avoid sudden large reductions in yearly interest. In the past DMD Diamond relied on both Proof-of-Stake and Proof-of-Work algorithms to govern the network. DMD Diamond 3.0 will be run by state of the art Proof-of-Stake only, while Proof-of-Work is going to be removed completely. Diamond Masternodes A DMD Diamond network consists of full nodes running as servers facilitating connectivity and transmission of updates. Masternodes is a time tested concept which was originally created to prevent decrease in number of full nodes and incentivize people to keep the network running, decentralised and expanding. Over the years as the technology matured Masternodes became ever more useful and could perform additional network services that go above what a vanilla full node could do.
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10 Diamond (DMD)

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The Proof-of-Stake Decentralized Autonomous Organization (PoSDAO) algorithm is designed to create a decentralized consensus for public blockchains, based on a voting mechanism to elect the active nodes that participate in block creation.

The #DMD Diamond Features include:

● Earning rewards for active coin usage as a validator or #dPoS staker.
● Network security.
● On-chain governance
● Network fees and deployment of smart contracts.
● A limited and constant-size resource that has rewards.
● Payments.

#HBBFT as one of the most promising developments

#DMD team has analyzed different consensus algorithms, and one of them is the Honey Badger Byzantine Fault Tolerant consensus algorithm.

HBBFT #consensus algorithm was developed to address the issues of slow transaction times.

How the system of 4 coin pots works within the DMDv4 scarcity model

There is a system of four coin pots acceptor: Claiming, Delta, Reinsert, and Governance. In our new article, you will find out what it is and what their purpose is.

Read on more: https://link.medium.com/Vc0cTWSY5fb

Why become a validator in the #DMD v4 #blockchain

DMDv4 uses #HBBFT which includes a mechanism for choosing the validators using a secure random selection mechanism. This ensures that #validators are selected from the validator candidate pool in a fair and secure manner.

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