like to hear more about new DMD 3.0 - will there be a swap, whether to change scrypt hashing, will pos on the same level and for what update purpose it is done? Thank you
the purpose is easy stated we are a old coin in crypto timeframes we are methusalem old
our codebase even if like the best of its timeframe and have a very well if not be one of the best POW/POS setup
its still based on a very old bitcoin backbone
as preparation for services and apps run on top of DMD we need a updated codebase that give us more posibilities
we have no hurry what we run now is running flawless but still we want to expand our possibilities for the future
thats the reason behind DMD 3.0
we are in the moment with the people we share a development partnership in a talk to be able release a roadmap and ability matrix of DMD 3.0
the plan is that the coin rollout follow the original plan as much as possible just replace the stage from 2.5 million total coins towards 3.5 million total coins
instead of flar 5% POS rate with a curve ramo from 25% towards 1% that in a similar timeframe rollout same amount of coins
after 3.5 million coins it will stay at 1% POS
i hope that we in a few weeks/maybe months able release more details
In addition to this DMD 3.0 would aim to make improvements in areas such as security, openness and and usability.
Security is never a given and even though the current system works flawlessly and gives a lot of reassurance we can be sure that with time new more powerful technologies will emerge that could threaten cryptographic paradigm. While tackling this aspect of cryptocurrency we would be aiming at reforming the system so it's more open to bigger group of people, miners and investors by providing a greater variety of options when it comes to generating wealth through DMD Diamond.
Ultimately, as good as DMD Diamond is at generating profits through mining, minting and trading, the trend should be at creating true utility. With changes in mind this prospect will be closer than ever.
The nature of changes however is more than just core code development that is why it's so time-stretched and no definitive dates, specs and outcomes can be provided without causing unnecessary speculation.