Topic: [ANN] ¤ DMD Diamond 3.0 | Scarce ¤ Valuable ¤ Secure | PoS 3.0 | Masternodes 65% - page 19. (Read 1260636 times)

Helmut bit.diamonds, [11.08.20 12:15]
DMD Diamond was born as a old school coin back in 2013 with a simple design as a scarce coin and first gemstone typed (Diamond) and hybrid POW/POS. end of 2013 it was clear thats not enough for stay longterm relevant and after community takeover early 2014 DMD v2 got released by a way more sofisticated coin economic model thats by its essence since then and even in DMDv4 is unchanged (just improved). thats also when we started call the release first time a "evolution". and evolution never stopps it was clear that v2 had shortcomming example still POW/POS and missing additional funktionalities. thats when development of v3 the next evolution started POW was removed and POS/Masternode was implemented.  it was a nice upgrade but also weakness and overestimated hopes became vissible of that codebase. masternode technology as base of a growing set of blockchain hosted services didnt develop the way we hoped and it was clear a more radical way of evolution is needed to really transform from just be a coins generate coins platform with a nice coin economic setup into a true cornerstone of blockchain future that stay revelant for decades and that is what started the actual development and evolution cycle towards DMD v4. here finally we will arrive where we wanted to be with DMD. as not only a well designed coin economic solution but additional as a blockchain infrastructure platform with leading edge technology that can power any smartcontract based project solution doesnmt matter if its simple tokens (any kind of erc based) or advanced tokens (nft and so on) or complex decentral blockchain based business logics like decentral exchanges or defi solutions

Helmut bit.diamonds, [11.08.20 12:18]
now what other coins have such a history of evolution? what coins stay active in support by a dedicate core of stakeholders when the true founder was in fact lost after a few months.............

Helmut bit.diamonds, [11.08.20 12:19]
i can only imagine bitcoin as somehow similar in history where founder disappeared and community did take over and continue envolve the baby

Helmut bit.diamonds, [11.08.20 12:25]
but in case of DMD its even more interesting because i think bitcoin at that time of release was work of a genius and the vision also is. but DMD DIamond was created by a ghost who did create and abandon many coins and didnt have any longterm vision or goals with his projects just a try and error and play around with configs to generate a new blockchain. all the vission all the meaning all the desire to give DMD Diamond purpose in future did come out of the community. i think in this way we are unique and a perfect example that something that was started without a deeper meaning and without a longterm vision can get both if the people invest blood and tears. fact is that a blockchain is nothing without a community and as long we are working together the evolution will never stop

Any update on the completion of this code? When will DMD v4 be available?

basically u can break down DMD v4 in 4 core elements

1st a ethereum combatible smart contract engine that can host basically any code written for ethereum on top of DMD blockchain (tokens, NFTs, smart contracts, and and and)

2nd a honeybadger consensus engine with variable blocktime (more and faster blocks if more traffic on chain) with blocktime between 1 sec and 10 min (where 10 min is only happening if there is 10 min no transaction on network as soon as a transaction appear a block production is started nearly instant) this engine will have at least 400 tx/sec and provide advanced feature not existing on ethereum like instant finality and a combined real random number generator (ideal for host games on top of DMD blockchain)

3rd a posdao validator election and dpos staking engine, this baby make sure we follow the core logic of decentral blockchains where validators are selects by following a rulesset that applies to all participants and where stakeholders impact what nodes get more likely more often selected in active state by place trust on them (stake on them)

4th a onchain governace module basically a DAO that allow DMD stakeholder to decide about what projects/activity the blockchain support with fund from the ecosystem support port thats filled with 10% of the new coins generated