Diamond (DMD) is a digital currency that facilitates secure, near-zero-cost transfers of value from anywhere in the world, without the need for centralized third parties. This modern era, with its network protocols, infrastructure, and service-rewarding monetary system, creates sustainable economic opportunities for everyone.
Project Introduction
The Diamond (DMD) digital currency enables people to send funds instantly, securely, and at almost zero cost from anywhere in the world. Diamond focuses on creating a multi-entry, high-yield monetary system that empowers individuals to achieve financial freedom through blockchain technology. The goal of DMD Diamond is to become an ultra-scarce, non-government-controlled store of wealth, with software facilities that can increase wealth over time.
Project Highlights
Proof of Stake 3.0
DMD Diamond 3.0 employs Proof-of-Stake 3.0, addressing many fundamental issues present in the Proof-of-Stake used in DMD Diamond 2.0. It empowers users to participate in network competitions where the primary prize is the privilege to sign transactions, with winners receiving rewards in new coins. The more intense the competition, the safer the network becomes. Proof-of-Stake 3.0 resolves security and stability issues of previous generations, including potential attack vectors such as Coin Age, Blockchain Precomputation, and Block Rewards.
Diamond Masternodes
The DMD Diamond network consists of full nodes that operate as servers to facilitate the transmission of connections and updates. Masternodes are a time-tested concept originally designed to prevent a decrease in the number of full nodes and incentivize people to maintain them. Over time, as technology has matured, masternodes have taken on greater roles, performing additional network services beyond what a regular full node can do. A Diamond masternode is a computer (a node) running the Diamond wallet, constantly connected to the Diamond network, and performing certain network duties/services, earning network rewards in return.
To become a Diamond masternode, users must send 10,000 DMD to the masternode address as collateral.
These coins never leave the users wallet; theyre only used to prove the users right to be a Diamond network service provider. Users can choose to exit the Diamond masternode program at any time and retain all their coins. Joining the Diamond masternode program offers several benefits, such as providing stability and efficiency to the network while also reducing the currencys volatility.
Project Vision
Initially, DMD Diamond was a humble cryptocurrency. It focuses on generating and storing wealth through built-in protocols. The DMD Diamond Foundation developed Diamond Cloud Mining and Diamond Multi-Pool services to further strengthen the DMD Diamond ecosystem and provide more entry points into this new financial system.
On the other hand, blockchain technology continues to advance at an accelerating pace, and DMD Diamond adapts to the changing technological and market landscape. To remain compatible and continue benefiting from rich technological advancements, DMD Diamond will adopt necessary industry standards that include solutions and components beneficial to its future. Any well-proven new feature that adds value to the coin can and will be implemented.
To improve governance, DMD Diamond will utilize a masternode voting system to determine whether community proposals should be forwarded to the DMD Diamond Foundation. All proposals with a voting rate exceeding 50% will be considered and included in DMD Diamonds roadmap.
Meanwhile, to further solidify DMD Diamonds position, the DMD Diamond Foundation is collaborating with teams across the entire cryptocurrency industry to provide next-generation financial tools. The work of our partners will become increasingly evident, reinforcing DMD Diamonds strong standing as part of the broader cryptocurrency ecosystem.
