Some of the earliest cryptocurrencies are rebounding this year. There was the GroestlCoin that posted some really good growth in the last several months out of nowhere, its worth increasing several times over. Now Diamond (DMD) is also reinvigorating itself and may offer serious benefits for investors and miners alike.
But what is the Diamond DMD coin?
DMD is one of the oldest cryptocurrencies in the world. It started way back in June 2013, when Ethereum wasn’t even fully conceptualized and other coins like Litecoin were still in the early years.
DMD has a robust system and allows fast, secure transactions at negligible transactions costs. It also functions as an interest-bearing asset that increases your worth over time -- automatically. It aims to empowers more people to achieve financial independence. It is also an excellent storage for the longer period of time that is secured and supported by the network protocols, infrastructure and services.
There is a hard cap on the maximum number of DMD coins that can be mined. It is 4.38 million tokens and right now, after four years of mining, almost 2.5 million tokens have already been created. Block awards will decrease over time as the number of remaining tokens will decrease. Interest rates itself will decrease from 25% right now to 1% within 10 years, ending the era of easily-obtainable DMD coins.
https://coinidol.com/dmd-coin-an-alternative-wealth-storing-solution/
