[ANN] ¤ DMD Diamond 3.0 | Scarce ¤ Valuable ¤ Secure | PoS 3.0 | Masternodes 65%

[cryptonit]

How can I help?

I am in Asia. Can a testnet be made with me?

test of staking will be open for anyone
test for set up and operate a validator candidate in that still closed alpha testnet
is only available for people who are at our slack available to update their node software at least 24h after announcement
and be familar with run a node on a linux vps (u need static ip address) and we prefer people long term known in community.

u can apply via send me a PM why u would be a good alpha tester and be aware its NDA so not share closed testnet experience before we go open testnet

[1714799639]

1714799639

[1714799639]

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[1714799639]

1714799639

[1714799639]

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[1714799639]

1714799639

[cryptonit]

i think the raise of ETH just show very clear how big the demand is for smart contract able platforms

and DMD v4 will there be a very interesting alternative way more decentral as solutions like binance smart chain and technological also far ahead of binance smart chain and even ethereum it can be more compared as a alternative way of ethereum2

the DMD v4 approach is less suited for 1000x more performance then ethereum as ethereum2 promise
but DMD v4 is more suited for a way more dynamic and efficient singlechain solution without sharding  as we able handle on a single chain easy 20x more tasks then ethereum can handle and that with many additional benefits like instant finality dynamic blocktimes zero possibility for microforks (orphans)

[cryptonit]

The DMD roadmap: what happens after the DMD v4 release
⠀

Newer, faster, and much more extended DMD Diamond is coming. Build and deploy next-generation business with Smart Contracts. Use ultra-secure offline staking and manage your finances.
⠀
DMD v4 release has several stages:
⠀
— Open testnet will start with candidate release of DMD v4
— Claiming tool tests are being tested
— POSDAO dPOS staking tool tests are being tested
— DMD v4 mainnet will take place  3 months later
— DMD v4.1  core content will be on-chain governance systems (DMDDAO) that interact with POSDAO for voting weights
⠀
Future goals are set and voted on by the stakeholders and DAO participants.
⠀
First of all it is Message Bridge (AMB) development — a bridge designed for universal cross-chain data transfer.
⠀
First targets for bridges are Ethereum, Binance Smart Chain, xDAI and a later more complex goal is bridges to XYM Symbol (new NEM ecosystem primary chain) to give their ecosystem participants access to a connected smart contract able chain (DMD Diamond v4).
⠀
Also, creating DEX or protocol for automated liquidity provision with a positive impact on the DMD coin economic model on our own chain, with fees to reinsert pot and bonus rewards for active stakeholders is a possibility we consider. As the project grows any other suggestions initiated by the community of stakeholders and validators are considered.

original: https://t.me/DMDcoin/29933

Stay tuned not to miss decentralized news with the Diamond DMD community!

more details can be found in whitepaper:
https://bit.diamonds/DMD_WP.pdf

Stay tuned to learn more!

telegram news channel:
https://t.me/dmd_coin

newsletter sign up:
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[cryptonit]

https://t.me/dmd_coin/45
Why become a validator in the DMD v4 blockchain
⠀
DMDv4 uses the Honey Badger BFT protocol which achieves consensus without competition, sharing rewards among validators, again making this a more distributed and democratized network. HBBFT 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.
⠀
Each elected (active) validator receives an equal share of Epoch rewards for cooperative contributing. Each active validator shares the rewards among themselves and their delegates.
⠀
Block rewards for active validators are split proportionally according to the number of coins staked for that validator. However, the minimum to the validator will be 30% of the block reward. If the validator’s share of the stacked coins is less than 30%, the validator gets 30% and the rest 70% is distributed among the coin holders proportionally according to their stakes. Validator candidates re-stake the coins they earn as rewards.
⠀
Earning rewards for active coin usage as a validator or dPOS staker aimed at protecting the blockchain is one of the functions of the DMDv4. All in all, validation is a business that allows an extremely accurate assessment of the validator's potential income, quickly transfer capacities between projects, and if the network he has chosen is successful, the validator can develop the project as a full-fledged DAO participant and responsible person, or simply provide excellent technical service for completely transparent honestly earned money.

Stay tuned not to miss decentralized news with the Diamond DMD community!

more details can be found in whitepaper:
https://bit.diamonds/DMD_WP.pdf

Stay tuned to learn more!

telegram news channel:
https://t.me/dmd_coin

newsletter sign up:
https://diamonds.us9.list-manage.com/subscribe?u=8f15ebfd0c305329a18cfe990&id=aaa4bb073e

[cryptonit]

06.05.2021
thursday is dmd diamond development progress update day:

# all preparations and tests to start the new closed alpha testnet with a few selected community volunteers included are progressing great we expect code to be finsihed this weekend and testnet started early next week

# the actual dev testnet runs with ultra fast epoch and block times and did run through years of real network epochs (over 3500 epochs which would on mainnet settings like 5 years of network running time) without issues

#  we have still a few slots free for community members who wants to be involved testing in this early stage running a validator candidate u need to have the skill handle a ubunto 20.04 in console to set up and configure the node following our guides and a responce time of not more then 24 hours to update software in case its needed (ur server need at least 2 core 4gb ram  40gb hdd and a static ip) if interested send a email to contact@bit.diamonds for slack invite and include a motivation speach :wink: follow up test communication happens on private alpha test slack channel and its a gentlemen agreement NDA to not share news from alpha testnet as its still in a not production ready state and dont represent the final product

[cryptonit]

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

[cryptonit]

Honey Badger BFT Protocol as one of the most promising developments
⠀

To meet the market demands of speed and security, the DMD team has analyzed different consensus algorithms available today including one of the most promising developments, the Honey Badger Byzantine Fault Tolerant consensus algorithm.
⠀
The Honey Badger Byzantine Fault Tolerant (HBBFT) consensus algorithm was developed in 2016 by Andrew Miller, Yu Xia, Kyle Croman, Elaine Shi, and Dawn Song specifically to address the issues of slow transaction times and the difficulties of having synchronous communication on a large global network.
⠀
After extensive research, the DMD Diamond team has determined that using HBBFT will dramatically increase the efficiency and improve the security of the DMD blockchain.
⠀
Advantages of moving to the HBBFT include immediate transaction approval, with no need to wait for synchronous approval, block finality is immediate, and transactions can be confirmed within seconds. The validating nodes each propose a fraction of the transactions, and all nodes author the transactions simultaneously and in a cooperative way. The set of active validators change even 12 hours via PoSDAO node election system (similar to dPOS) and the participants of the former set get equal shared rewards for their work, securing the network in the last 12 hours.
⠀
No mining is necessary to run HBBFT as it approves blocks as quickly or slowly as suited to cover the demand (process all waiting transactions). In the DMDv4 implementation, we will include a heartbeat block if there is a long period (10 minutes) with no transaction on the chain, but it will be a very small block so as not to impact the size of the blockchain.
⠀
That's why DMD Diamond v4 is implementing the HBBFT protocol-  faster throughput, higher security, dynamic block times, robustness, elimination of orphan blocks and forking potential makes HBBFT one of the most promising developments.

Stay tuned not to miss decentralized news with the Diamond DMD community!

more details can be found in whitepaper:
https://bit.diamonds/DMD_WP.pdf

Stay tuned to learn more!

telegram news channel:
https://t.me/dmd_coin

newsletter sign up:
https://diamonds.us9.list-manage.com/subscribe?u=8f15ebfd0c305329a18cfe990&id=aaa4bb073e

[cryptonit]

Features of DMD Diamond


⠀
DMD Diamond Coin is one of the oldest cryptocurrencies on the market. It maintains its original fixed-issuance coin emission model and remains five times more scarce than Bitcoin. DMD is one of a very small number of coins, including Bitcoin, Litecoin, and Peercoin which survived from the inception (2013) to now and is still actively supported and traded.
⠀
The “coin wars” are over and it is an industry-wide imperative to create stability and interoperability among the coin and token holders across the cryptocurrency industry. For that reason, DMD is creating strong interoperability capabilities with other Ethereum-based projects (Open Ethereum, Binance Smart Chain, POA Networks, xDAI, Artis.eco, lab10.coop, etc.).
⠀
For the new upcoming DMD v4 release DMD v3 coin holders can claim their snapshot balance on a one-to-one basis. The total coin max of DMD Diamond coins stays at  4,380,000.
⠀
The DMD Diamond Features include:
● Earning rewards for active coin usage as a validator or dPoS staker aimed at protecting the blockchain.
● Network security.
● On-chain governance  is aligning the values of participants in the networks
● Network fees and deployment of smart contracts.
● DMD represents a limited and constant-size resource that has reward earning abilities.
● Payments.
⠀
In addition, DMD is highly distributed, being held by a large number of smaller investors rather than concentrated in the hands of a few. DMDv4 is also the first blockchain that implements sustainable endless coin rewards for consensus nodes and dPOS stakers while maintaining a coin maximum by utilizing a new mechanism that reinserts unclaimed and abandoned coins into circulation after a number of years.
⠀
Stay tuned not to miss decentralized news with the Diamond DMD community!

more details can be found in whitepaper:
https://bit.diamonds/DMD_WP.pdf

Stay tuned to learn more!

telegram news channel:
https://t.me/dmd_coin

newsletter sign up:
https://diamonds.us9.list-manage.com/subscribe?u=8f15ebfd0c305329a18cfe990&id=aaa4bb073e

[Cryptonicus]

Tesla tweet:
"Tesla has suspended vehicle purchases using Bitcoin. We are concerned about rapidly increasing use of fossil fuels for Bitcoin Mining and transactions, especially coal, which has the worst emissions of any fuel.

Cryptocurrency is a good idea on many levels and we believe it has a promising future, but this cannot come at a great cost to the environment.

Tesla will not be selling any Bitcoin and we intend to use it for transactions as soon as mining transitions to more sustainable energy. We are also looking at other Cryptocurrencies that use <1% of Bitcoin's energy/transaction"

BTC traded lower but should be bullish for proof of stake coins like Diamond DMD

[cryptonit]

What you need to know about POSDAO node selection
⠀


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 (validators) that participate in block creation. PoSDAO provides a leaderless structure that incentivizes validators to act in the best interests of the network.
⠀
DMD DIAMOND uses HBBFT as a cooperative consensus algorithm to overcome the issues of slow transaction time and limitations of competitive consensus protocols. However it requires a low maximum of 25 validator nodes to take advantage of these improvements. The problem is that permanent distribution of power in a network of 25 static nodes is not adequate.
⠀
To solve this, DMD uses a PoSDAO implementation in order to select the nodes that will act as active validators every Epoch that runs 12 hours. A cap of 438 validator candidates is possible in DMD because of the scarcity of the DMD coins. Based on the current network activity, Diamond DMD expects approximately 50 – 75 active validator candidates competing for the active Epoch set.
⠀
By electing a new subset from the candidate nodes every Epoch, PoSDAO allows for the distribution over any number of validator candidates, both maintaining the speed of the network and creating a fairly distributed mechanism of securing the system and earning rewards. Note that chances of being selected are increased for nodes that are most trusted, represented by the number of coins staked on top of them.
⠀
There is no possibility to buy one’s way in or collude to become more powerful than other validators on the network, as a maximum staking ceiling is 50,000 DMD. Even candidates with a minimum stake of 10,000 DMD have a chance to get into the active set and PoSDAO dPOS stakers can increase that chance by supporting smaller candidates via staking on them. Staking tokens allows the participants to earn rewards and take part in on-chain governance.
⠀
Also, single nodes cannot act maliciously against particular transactions because they cannot see the contents of the transaction until it is validated which makes the system Censorship-resistant.

Stay tuned not to miss decentralized news with the Diamond DMD community!

more details can be found in whitepaper:
https://bit.diamonds/DMD_WP.pdf

Stay tuned to learn more!

telegram news channel:
https://t.me/dmd_coin

newsletter sign up:
https://diamonds.us9.list-manage.com/subscribe?u=8f15ebfd0c305329a18cfe990&id=aaa4bb073e

[cryptonit]

dear DMD Diamond community!
we since a few months try push out content twice a week
and even u have no timne contribute in another way u can help us a lot by share it on all channels we post em

share every post from our facebook https://www.facebook.com/dmdcoin/
share every tweet from our twitter https://twitter.com/dmdcoin
share every update from my linkedin https://www.linkedin.com/in/helmut-siedl-58646092/
share every article from us on medium https://dmd-diamond.medium.com/
comment our postings on bitcointalk https://bitcointalk.org/index.php?topic=580725.new#new

help us become more visible
to make ur investment successfull all u have to do is spread the news!

the rest come by itself
we care about the code u care about more people discover DMD Diamond!

thx for ur support

[IMZ Noo Account]

I am very low key. But paying attention (and running a QT). It's a great time to be a rare POS crypto.

[panda111]

Hi ,my wallet is not syncing. any idea why? I will be thankful for any advice.

[panda111]

version   3.0.1.3

[shveicar]

Hi ,my wallet is not syncing. any idea why? I will be thankful for any advice.

Apparently your blockchain is corrupted use resync.
18. Q: diamond-info.github.io and restar blockchain

[cryptonit]

Difference between DAO Governance and PoSDAO
⠀
The acronym DAO stands for Decentralized Autonomous Organization. In simple terms, a DAO is an organization that is governed by computer code and programs. As such, it has the ability to function autonomously, without the need for a central authority. Through the use of smart contracts, a DAO can work with external information and execute commands based on them — all this without any human intervention. A DAO is usually operated by a community of stakeholders incentivized through some kind of token mechanism.
⠀
The Proof-of-Stake Decentralized Autonomous Organization (PoSDAO) algorithm is designed to improve the decentralization of a consensus engine for public blockchains, based on a voting mechanism to elect the active nodes (validators) that participate in block creation. PoSDAO provides a leaderless structure that incentivizes validators to act in the best interests of the network.
⠀
DAO Governance and PoSDAO are different things. DAO Governance is a smart contract powering the decision-making tool to vote over proposals, PoSDAO is an automated smart contract to support a fair and decentral election of active validators. Only validator candidates registered on the permissionless network can vote in the DAO, but coin holders can stake their DMD token with any validator candidate they choose and change their affiliation at any time, with the change taking place when the Epoch changes.
⠀
The PoSDAO is what makes the blockchain work true decentral by random rotation of power, staking upon different validators and distributing rewards between the active participants, both stakers and validators. This allows us to reach rapid throughput thanks to the advances in asynchronous consensus protocols and the inclusion of smart contract capabilities combined with a high degree of compatibility with the Ethereum ecosystem which creates fertile ground for business creation.

Stay tuned not to miss decentralized news with the Diamond DMD community!

more details can be found in whitepaper:
https://bit.diamonds/DMD_WP.pdf

Stay tuned to learn more!

telegram news channel:
https://t.me/dmd_coin

newsletter sign up:
https://diamonds.us9.list-manage.com/subscribe?u=8f15ebfd0c305329a18cfe990&id=aaa4bb073e

[cryptonit]

HBBFT: Dramatic increase of efficiency for DMD
⠀

The DMD team has analyzed different consensus algorithms available today including one of the most promising developments, the Honey Badger Byzantine Fault Tolerant consensus algorithm to meet the market demands of speed and security.
⠀
HoneyBadger proceeds in demand-driven block creation (as long as transactions waiting to be included in a block, the creation of the next block starts in 1 second after the last block is finished) with a new batch of transactions appended to the (shared) committed to log at the end of each cycle. In each cycle, nodes choose a subset of the transactions in their input buffer and provide them as input to a randomized agreement protocol. At the end of the agreement protocol, the final set of transactions for the block is chosen.
⠀
The main benefits of moving to HBBFT are the following:
— Higher transactions per second, at least 400 TPS (20x the Ethereum speed)
— Increased robustness of the blockchain
— Dynamic block times implementation
— Immediate transaction completeness
— Censorship-resistant based on the consensus of all validators
— No empty blocks are produced. HBBFT approves blocks as quickly or slowly as needed for the blockchain
⠀
After extensive research, the DMD Diamond team has determined that using HBBFT will dramatically increase the efficiency and improve the security of the DMD blockchain.  Faster throughput, higher security, dynamic block times, robustness, elimination of orphan blocks, and forking potential is what DMD v4 really needs to be a modern system.

Stay tuned not to miss decentralized news with the Diamond DMD community!

more details can be found in whitepaper:
https://bit.diamonds/DMD_WP.pdf

Stay tuned to learn more!

telegram news channel:
https://t.me/dmd_coin

newsletter sign up:
https://diamonds.us9.list-manage.com/subscribe?u=8f15ebfd0c305329a18cfe990&id=aaa4bb073e

[cryptonit]

Basic components of the DMD blockchain
⠀
 
The current version of DMDv4 uses a suite of technologies that integrate the latest proven technologies, allowing for fast transaction times, full smart contract support, and on-chain governance. Let's take a look at the main component of the system that makes it modern and secure.
⠀
Smart contract language support code is needed to create smart contracts (we support all languages that can be used on Ethereum, too). This solution allows the development of any kind of dApp that can be supported on the blockchain. Also, smart contracts are executed by a Virtual Machine that acts the same way as the Ethereum Virtual Machine (EVM). This way smart contracts written for Ethereum can easily be adapted to work on DMD Diamond.
⠀
Node election logic, in this case, is based on PoSDAO for the selection of nodes for validation in HBBFT. The PoSDAO is what makes the blockchain work decentral by random rotation of power, staking upon different validators, and distributing rewards between the active participants. PoSDAO supports it via using the delegated weight (total staked coins on a validator candidate) to increase the chance that high trusted nodes (with many staked coins) get chosen more often.
⠀
Blockchain consensus engine, in our case the Honey Badger Byzantine Fault Tolerant (HBBFT) protocol, determines the transaction validation rules. HBBFT is used in combination with a PoSDAO election of nodes for distributed and secure transaction validation.
⠀
Blockchain full nodes serve as nodes responsible for creating transactions, writing data to the chain, storing data, executing contracts, and communicating with other nodes on the network. Our first node client will be based on open Ethereum but in theory, multiple node clients are possible as long as they follow the DMD Diamond v4 ruleset, they can act as node client.
⠀
Wallets or APP clients which manage user keys to interact with the blockchain and may provide additional blockchain-based services including swapping, NFT mechanics, self-sovereign identity, etc. These clients with WalletConnect ability allow the interaction with the DMD Diamond staking dApp.

Stay tuned not to miss decentralized news with the Diamond DMD community!

more details can be found in whitepaper:
https://bit.diamonds/DMD_WP.pdf

Stay tuned to learn more!

telegram news channel:
https://t.me/dmd_coin

newsletter sign up:
https://diamonds.us9.list-manage.com/subscribe?u=8f15ebfd0c305329a18cfe990&id=aaa4bb073e

[BitScorpio]

I sent a message to join Slack, no response yet.
Most of the URLs are no longer functional & the wallet seems to contain outdated links, last release was in 2018, is this still alive?

[cryptonit]

I sent a message to join Slack, no response yet.
Most of the URLs are no longer functional & the wallet seems to contain outdated links, last release was in 2018, is this still alive?

we work on brandnew client check whitepaper
high activity visible on github

for slack invite email contact@bit.diamonds