DMD Diamond's Updates for December 🔝
Right, another month of active development has come to an end. In this post, we will tell you about all the most important things.
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🔹 At the moment, development is going smoothly. The last week was devoted to the development of a contract for the transition to v4.
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🔹 The test network works on and we are happy to share the news that all fixes work as expected.
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🔹 In addition, in the first week of December, the team gained valuable experience in testing. We’ve solved the problem of chain hanging up.
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At the moment, we can say that DMD is getting closer to a successful open-beta launch which will include all release features and play through all release procedures like v3 snapshot and claiming coins on a new chain. Plan for beta is 3 months to final test and then we will be prepared for real mainnet launch.
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We thank all the testers for their feedback, reports and help.
join us on telegram:
https://t.me/DMDcoin📢 Learn more:
https://bit.diamonds/------------------------------------------------------------------------
Smart contracts as the basis of dApps 📄
Smart contracts are a technology that has made the creation of decentralized applications possible. Their advantage is that they can be intermediaries in the execution of transactions, being absolutely honest.
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How does it work?
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Smart contracts are a kind of electronic intermediary. So, there is a transaction between party A and B. Party A undertakes to transfer funds as soon as it receives something from Party B. Party B undertakes to transfer something as soon as it receives funds.
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What to do in a situation with zero trust? Create a contract that will transfer funds as soon as it sees that party B has transferred something.
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This is exactly what a smart contract does. Its fulfillment occurs if and only if both parties have fulfilled all the terms of the transaction.
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DMD uses smart contracts to ensure maximum honesty and transparency.
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📢 Learn more:
https://bit.diamonds----------------------------------------------------------------------
What are Decentralized Applications? 📱
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Decentralized applications are one of the “killer features” that the blockchain platform offers.
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These applications work 24/7, don’t have the disadvantages of the usual client-server architecture, and are also much more secure.
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dApp (short for Decentralized Application) is an application that:
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— Uses the blockchain as its technical basis;
— Are decentralized;
— All internal interaction takes place thanks to the blockchain.
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So, you can deploy your dApps in a variety of popular blockchains and of course innovative solutions like DMD.
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Using DMD for your blockchain application, you get double protection, high speed and much more.
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📢 Learn more:
https://bit.diamonds/more details can be found in whitepaper:
https://bit.diamonds/DMD_WP.pdftelegram news channel:
https://t.me/dmd_cointelegram discussion channel:
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