Diamond update: DMD Live price, price chart, news and markets

What Is Diamond?

Diamond is an ancient project in the cryptocurrency market and the pioneer blockchain to implement a cooperative consensus with a delegated Proof of Stake (PoS)-powered validator election.

Established in 2013, Diamond is continuously evolving and upgrading to adapt to new market conditions.

Its latest upgrade in 2021, Diamond v4, showcases true decentralization, on-chain governance, fast transaction times, low fees, low carbon footprint, security, interoperability, and smart contract deployment. Diamond v4 utilizes the world's first blockchain with a cooperative Honeybadger BFT (HBBFT) consensus supplemented by a delegated Proof of Stake (dPOS)-based validator election. Additionally, Diamond v4 is the first blockchain to implement a sustainable and perpetual reward mechanism with a limited maximum supply of only 4.38 million coins.

How Many Diamond Coins Are There in Circulation?

Diamond has a maximum supply of 4.38 million coins, with over 81% of them already in circulation, while the remaining coins gradually power node rewards for the coming decades.

Who Are the Founders of the Project?

Diamond is one of the few blockchain projects governed solely by the community. The original creator of Diamond disappeared a few months after its launch in 2013. Since then, a small team of developers and enthusiasts has been maintaining and evolving the code while adjusting the vision for the coin.

Currently, the most active members in the Diamond community are Aleksander Mesor and Helmut Siedl. Technical knowledge, code improvements, and development of v4 are handled by Thomas Haller, Dr. David Forstenlechner, and Dietmar Hofer.

Where Can I Buy Diamond?

Diamond is available for purchase on exmarkets.com, crex24.com, and will soon be available on coinmargin.com. Diamond was traded on Bittrex for several years, and we are looking forward to its readdition to the platform after the release of v4.

What Makes Your Project Unique?

Diamond v4 stands out as the first cooperative consensus blockchain with a delegated Proof of Stake (PoS)-powered validator election. This allows for high speed and performance, absolute censorship resistance and fork resistance, instant finality of transactions, and other advantages that cannot be achieved with competitive consensus mechanisms. Additionally, it features a unique industry-first mechanism that reintroduces abandoned and unclaimed coins into circulation.

Related Pages:

Website: https://bit.diamonds/

GitHub: https://github.com/dmdcoin

Facebook: https://www.facebook.com/dmdcoin

Twitter: https://twitter.com/dmdcoin

Reddit: https://www.reddit.com/r/dmd/

Chat: https://dmdcoin.slack.com/

How Is Your Project Network Secured?

Diamond v4 is secured through the HBBFT Honeybadger cooperative consensus and a delegated Proof of Stake (dPOS)-like node election protocol based on POSDAO (a similar dPOS system to that used by the xDAI blockchain). This combination provides a truly decentralized solution that aligns with the ideals of Satoshi Nakamoto.