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

[cryptonit]

DMD Network initiation: how it works
⠀


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!

original: https://t.me/dmd_coin/87

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

[1714134610]

1714134610

[1714134610]

1714134610

[1714134610]

1714134610

[1714134610]

1714134610

[1714134610]

1714134610

[cryptonit]

Rotation of validators on DMDv4
⠀


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/

original: https://t.me/dmd_coin/88

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]

while open alpha is a step where we think network is stable enough for even inexperienced node operator so they cant harm the network
we even now think network is stable enough for open delegated stakers

so if u dont want to run a node but play around testing staking some test coins u can do it already now!

u need to have a web3 wallet that supports the DMD Diamond v4 Network, such as Metamask Browser Extension or the Brave Browser.

You need to add the DMD Network:
Network Name: DMDv4 Alpha4
RPC URL: 167.86.125.140:8540
Chain ID: 777012
Symbol: tDMD
Block Explorer URL: explorer.uniq.diamonds/

Now your wallet should be connected to the alpha4 testnet

once u in that stage just post ur alpha4 testnet address here so we send u some tDMD which u then can use test staking at staking.uniq.diamonds/

all we request in return from alpha testers is that they give feedback and report issues

we will add all questions and answer to them into a knowledgebase and classify them as as known limitations including expected moment they will be fixed, or if they are new issues with a issue link in github so u can see the status of the reported issue

[Woody20285]

 Meta mask wallet on alpha 4 network
 0x5Fa9863B39AE588c8F9293171BBE5134277C330a
Thank you
Ron (Woody)

[cryptonit]

Meta mask wallet on alpha 4 network
 0x5Fa9863B39AE588c8F9293171BBE5134277C330a
Thank you
Ron (Woody)

enjoy

http://explorer.uniq.diamonds/address/0x5Fa9863B39AE588c8F9293171BBE5134277C330a/transactions

for feedback or questions
plz use slack or telegram chat https://t.me/DMDcoin

[cryptonit]

Why is good decentralization so important?



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.


https://twitter.com/dmdcoin/status/1431967380872253449

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!

[cryptonit]

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 https://dmd-diamond.medium.com/

[cryptonit]

https://github.com/DMDcoin/Diamond/releases/download/3.0.1.3/presync_chainstate_block_dmdv3_20210914.zip a new presync blockchain is uploadet at github
we dedected some nodes are on a shorter chain
please check if ur node is on same block as explorer show
https://chainz.cryptoid.info/dmd/
if not fix it

[cryptonit]

The main benefits of decentralization and how we get it 🔩
⠀


Decentralization is one of the main features of cryptocurrencies. But let’s take a closer look at its advantages in terms of functionality.
⠀
First of all, decentralization gives an important feature — a coin or a project can have a creator, but, de facto, the community controls the platform. If for some reason the community does not like the way the project is developing, the project enthusiasts can easily create their own fork and continue the development of the ecosystem according to their own rules.
⠀
This implies the following point – security. Decentralized solutions are more secure than their centralized counterparts. In centralized solutions, many people can turn a blind eye to small bugs and holes that may never pop up. Decentralized solutions are usually open-source, therefore, they are worked out more carefully and any problems are solved as quickly as possible.
⠀
In addition to information security, there is also financial security. If no one controls the coin, it is much harder to carry out fraud with it. For example, no one forbids the state to disperse the printing press and collapse the currency. In the case of cryptocurrencies, it is impossible to do this.
⠀
How we achieve decentralization
⠀
The DMD Diamond platform wants to provide the maximum level of decentralization and creates an improved blockchain, where each user freely manages their assets and participates in the development of the project.
⠀
DMD Diamond is an open system controlled by its participants, each participant can not be afraid of losing funds due to incorrect actions of the management body because he is a part of the management body. Securing the blockchain and deciding about future development funding — all happens by the network participants and the coin owners. There is no out of blockchain company or organisation who rules DMD Diamond.
⠀
Learn more: https://bit.diamonds

original: https://t.me/dmd_coin/96

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]

DMD coin: historic evolution



The DMD project has one important feature: several stages of coin development. How do they differ and what kind of coins are they?
⠀
DMDv1 and DMDv2. These are coins that were active from July 2013 to August 2017. They worked on a mixed PoW/PoS algorithm and provided network security. About half of all coins sold are v1 or v2.
⠀
DMDv3. The launch of the third version was divided into three phases, each of which began using different blocks. After the launch of this version of the coin, there was a smaller reward for mining, by analogy with BTC halving.
⠀
The DMDv3 time intervals are September 2017 to 2021. All v3 coins that will not have time to be found before the release of the fourth version will become v4 coins.
⠀
DMDv4. The latest version of the protocol coins at the moment. The DMDv4 reward logic will recreate a similar curve for deploying unallocated coins and add re-insertion logic that allows you to receive infinite rewards even with small finite stock.
⠀
Therefore, each of the versions of the coin represents a technological leap, which constituted over 8 years of impressive development of the project.

original: https://t.me/dmd_coin/97
more details can be found in whitepaper:
https://bit.diamonds/DMD_WP.pdf
telegram news channel:
https://t.me/dmd_coin
newsletter sign up:
https://diamonds.us9.list-manage.com/subscribe?u=8f15ebfd0c305329a18cfe990&id=aaa4bb073e

[dogbackwards]

Eagerly waiting for the V4 release.

[cryptonit]

Eagerly waiting for the V4 release.

u can join v4 delegating staking tests already now

and soon alpha network opens up so everyone who wants can set up a apha network validator candidate

[Cryptonicus]

My Win 10 computer restarted and now I can't start DMD. I've tried reinstalling and the wallet said something like "we don't agree with our peers" or something like that the first time. Later times the wallet would not say anything just shut down. Can I fix this on Win 10? How? Or should I just move to a better staking system? What hardware and OS would be good?

[cryptonit]

My Win 10 computer restarted and now I can't start DMD. I've tried reinstalling and the wallet said something like "we don't agree with our peers" or something like that the first time. Later times the wallet would not say anything just shut down. Can I fix this on Win 10? How? Or should I just move to a better staking system? What hardware and OS would be good?

answer 18 from this community created faq should solve ur issue
https://diamond-info.github.io/

with dmd v4 such issues will be history
but for v3 we dont code fixes as its wasted dev time if a workaround exist

[cryptonit]

Is blockchain speed important in 2021? 💻
⠀
 
In 2021, the speed of blockchains, it would seem, is no longer as important as 5-6 years ago. Is this really the case?
⠀
Contrary to popular belief, the speed/capacity of a blockchain is still one of its most important characteristics. It directly depends on how much users pay for transactions.
⠀
This was perfectly demonstrated by Ethereum in 2020. The network was not designed for high loads as a result of which mining pools seized power over commissions, bringing them to an absurd level of $200.
⠀
At the same time, such blockchains as DMD do not have such a problem and will never face it.
⠀
Why?
⠀
The DMD has a high block speed, and thanks to HBBFT, blocks can be formed almost instantly. Therefore, when the network enjoys incredible popularity around the world, it will still not be possible to make the commissions at least somewhat formidable.
⠀
The speed of the blockchain is still one of its most important indicators. If you choose a platform with which you’ll pay or conduct business, DMD is the best option!
⠀
But DMD Diamond v4 not only has incredible speed and instant final blocks, but its blocks also have a possible capacity that is way above anything known from Ethereum. Ethereum blockgaslimit is around 12.5 million gas these days but DMD v4 can create blocks with up to 1000 million gas used inside one block!

original: https://t.me/dmd_coin/102
more details can be found in whitepaper:
https://bit.diamonds/DMD_WP.pdf
telegram news channel:
https://t.me/dmd_coin
newsletter sign up:
https://diamonds.us9.list-manage.com/subscribe?u=8f15ebfd0c305329a18cfe990&id=aaa4bb073e

[Cryptonicus]

answer 18 from this community created faq should solve ur issue

The problem is the application won't start up to show any error message. I have recovered from restarts before by the linked methods. But not even full uninstall and reinstall works this time. There is a work around to use another system and transfer the backup wallet file. I was thinking along the lines of a raspberry pi but the links on bit.diamond for that takes me to a slack channel or 404. I can install on another windows. Or could you suggest another system?

[shveicar]

answer 18 from this community created faq should solve ur issue

The problem is the application won't start up to show any error message. I have recovered from restarts before by the linked methods. But not even full uninstall and reinstall works this time. There is a work around to use another system and transfer the backup wallet file. I was thinking along the lines of a raspberry pi but the links on bit.diamond for that takes me to a slack channel or 404. I can install on another windows. Or could you suggest another system?

Most likely, your system has received some damage.
Maybe it's worth checking the launch of a new wallet from an external flash drive, completely removing traces of the old wallet.
But you can always use the method of transferring your coins through the export and import of the private key.
In addition, you can always run a virtual machine with Win7 or Win 10 with DMD wallet on a server or on any computer with 8 GB of operational memory and an SSD disk.

[cryptonit]

What is the DMD “4 coin pot” system? 🎛
⠀


The distribution of tokens in pools is one of the most important parts of tokenomics. In this case, DMD uses a non-standard term, which is called the “4 coin pot” system.
⠀
What is it and what does each pot look like?
⠀
Claiming Pot
⠀
This is one of those “pots” intended for the DMDv3 coin holders. When switching to DMDv4, users are offered to claim new DMD coins on the v4 network in a ratio of 1 to 1 to their v3 snapshot balance, without giving them up which is typical.
⠀
Delta pot
⠀
There will be 4.38 million v4 coins in total taking into account the DMDv3 coins that are not in issue. The detected difference between the two numbers will be sent to the delta “pot” (“delta” means “difference” in mathematics). These coins will be gradually issued as rewards of the epoch.
⠀
Reinsert Pot
⠀
One of the most interesting features of DMDv4 is the mechanism for reinserting coins back into circulation. If the DMDv3 owners do not claim their DMDv4s within a certain period,  the part of the DMDv4 to which they are entitled is restored by the system. Additional abandoned coins in staking contracts (after 10 years)  and transaction fees will fund the reinsert “pot” and create a forever working resource to fund epoch rewards.
⠀
Governance Pot
⠀
A  part of not claimed coins fill the base of the governance “pot” and a 10% share of the epoch rewards also constantly refill the DAO “pot”. With the help of DAO functions, DMDv4 coin holders will be able to vote regarding making changes to the project, marketing, grants for decentralized applications and so on, and fund them.

original: https://t.me/dmd_coin/106
more details can be found in whitepaper:
https://bit.diamonds/DMD_WP.pdf
telegram news channel:
https://t.me/dmd_coin
newsletter sign up:
https://diamonds.us9.list-manage.com/subscribe?u=8f15ebfd0c305329a18cfe990&id=aaa4bb073e

[cryptonit]

Place of DMD in the Modern Crypto Market  🛒



The DMD Diamond platform as a non-government and non-corporate controlled independent blockchain and digital currency was created in 2013 without a premine or ICO. All coins are generated by the Network participants who secure the blockchain; this is a similar coin rollout mechanic as you can see in bitcoin. The project has been rapidly evolving ever since and is on its way to taking a leading position in the market unlike many other cryptocurrencies that have gone out of use or been abandoned by their communities.
⠀
DMD has undergone several significant architectural changes to meet the new requirements of the market and empower its clients to achieve financial freedom by keeping costs low and opportunities vast.
⠀
The project has proved its strength over the years due to its cutting-edge technologies, which ensure borderless low-cost transfer of value. The use of PoS (proof of stake) makes the DMD currency eco-friendly while scarcity of supply makes it a better store of value than the cryptocurrencies with unlimited supply.
⠀
DMD Diamond has now issued the fourth version of its coin based on the industry's first cooperative consensus engine; additionally it will welcome new opportunities for its holders, namely the possibility to deploy next-generation businesses with smart contracts that allow interoperability and cross-chain transfer of value and messages.

original: https://t.me/dmd_coin/113
more details can be found in whitepaper:
https://bit.diamonds/DMD_WP.pdf
telegram news channel:
https://t.me/dmd_coin
newsletter sign up:
https://diamonds.us9.list-manage.com/subscribe?u=8f15ebfd0c305329a18cfe990&id=aaa4bb073e

[Cryptonicus]

Diamond DMD has one of the best evolving technology stacks for sure.

I just noticed Coinmarketcap tracks 14200 cryptos and Diamond DMD is ranked 1058 with an increasing number of watchlists tracking it. Meaning it's in the top 7.5% by market cap. Not bad but given the community, devs, tech, heritage, brand I could see it going higher. Top 300 would mean x20 from here. Depending on what the war chest is used for neither the sky nor the moon is a limit for DMD.