Topic: [ANN] ¤ DMD Diamond 3.0 | Scarce ¤ Valuable ¤ Secure | PoS 3.0 | Masternodes 65% - page 5. (Read 1260245 times)

DMD coin: historic evolution



The DMD project has one important feature: several stages of coin development. How do they differ and what kind of coins are they?
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DMDv1 and DMDv2. These are coins that were active from July 2013 to August 2017. They worked on a mixed PoW/PoS algorithm and provided network security. About half of all coins sold are v1 or v2.
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DMDv3. The launch of the third version was divided into three phases, each of which began using different blocks. After the launch of this version of the coin, there was a smaller reward for mining, by analogy with BTC halving.
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The DMDv3 time intervals are September 2017 to 2021. All v3 coins that will not have time to be found before the release of the fourth version will become v4 coins.
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DMDv4. The latest version of the protocol coins at the moment. The DMDv4 reward logic will recreate a similar curve for deploying unallocated coins and add re-insertion logic that allows you to receive infinite rewards even with small finite stock.
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Therefore, each of the versions of the coin represents a technological leap, which constituted over 8 years of impressive development of the project.

original: https://t.me/dmd_coin/97
more details can be found in whitepaper:
https://bit.diamonds/DMD_WP.pdf
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The main benefits of decentralization and how we get it 🔩
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Decentralization is one of the main features of cryptocurrencies. But let’s take a closer look at its advantages in terms of functionality.
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First of all, decentralization gives an important feature — a coin or a project can have a creator, but, de facto, the community controls the platform. If for some reason the community does not like the way the project is developing, the project enthusiasts can easily create their own fork and continue the development of the ecosystem according to their own rules.
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This implies the following point – security. Decentralized solutions are more secure than their centralized counterparts. In centralized solutions, many people can turn a blind eye to small bugs and holes that may never pop up. Decentralized solutions are usually open-source, therefore, they are worked out more carefully and any problems are solved as quickly as possible.
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In addition to information security, there is also financial security. If no one controls the coin, it is much harder to carry out fraud with it. For example, no one forbids the state to disperse the printing press and collapse the currency. In the case of cryptocurrencies, it is impossible to do this.
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How we achieve decentralization
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The DMD Diamond platform wants to provide the maximum level of decentralization and creates an improved blockchain, where each user freely manages their assets and participates in the development of the project.
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DMD Diamond is an open system controlled by its participants, each participant can not be afraid of losing funds due to incorrect actions of the management body because he is a part of the management body. Securing the blockchain and deciding about future development funding — all happens by the network participants and the coin owners. There is no out of blockchain company or organisation who rules DMD Diamond.
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Learn more: https://bit.diamonds

original: https://t.me/dmd_coin/96

Stay tuned not to miss decentralized news with the Diamond DMD community!

more details can be found in whitepaper:
https://bit.diamonds/DMD_WP.pdf

Stay tuned to learn more!

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https://t.me/dmd_coin

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https://github.com/DMDcoin/Diamond/releases/download/3.0.1.3/presync_chainstate_block_dmdv3_20210914.zip a new presync blockchain is uploadet at github
we dedected some nodes are on a shorter chain
please check if ur node is on same block as explorer show
https://chainz.cryptoid.info/dmd/
if not fix it

DMD holders: benefits for investors
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The DMD Diamond team invests all its professionalism and many years of experience in the field of blockchain in creating a new and improved ecosystem for crypto users. We strive to develop together with the market and be one step ahead of our competitors, constantly attracting new network members.
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But global goals are not the only thing we want to achieve. It is also important for us to create favorable conditions for our participants starting from high rewards and ending with participation in the management of DMD Diamond.
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What advantages does a user who buys DMD tokens and becomes a member of the network get?
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◼️ Get rewards on staking.
◼️ Become a validator and earn DMD.
◼️ Participate in the management of the platform.
◼️ Make high-speed transactions.
◼️ Deploy your Dapps simply and on the best terms.
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We believe that much can be achieved through joint efforts! By participating in DMD Diamond, you not only get a constant income but also help us raise the cryptocurrency market to a new level.
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Read more about DMD Diamond on Medium https://dmd-diamond.medium.com/

Why is good decentralization so important?



The #DMD Diamond platform wants to achieve the maximum level of #decentralization, and creates an improved #blockchain, where each participant freely manages their finances and participates in the development of the project.


https://twitter.com/dmdcoin/status/1431967380872253449

Why a high level of decentralization is importaint?
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The traditional financial market is centralized, which means that there is a single management center, a central bank or a state. This entails a number of negative consequences for its participants. If the control center fails, it affects the entire system, and thus investors can lose their investments.
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But since the advent of blockchain technologies, everything has changed. Blockchain has created a new decentralized financial system where every investor has the right to vote and remain independent. This provides a certain level of protection for each participant.
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The DMD Diamond platform wants to achieve the maximum level of decentralization, and creates an improved blockchain, where each participant freely manages their finances and participates in the development of the project.
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DMDv4 uses Honey Badger Byzantine Fault Tolerant, an asynchronous consensus model without a leader. We also add a dPoS like node election consensus (PoSDAO). In the upcoming 4.1 upgrade, we will have a true DAO that will manage development, and project support funding requests will be added too. This combination increases the level of network decentralization, where:
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◼️ there is a random selection of validators every 12 hours;
◼️ awards are distributed between the validator and its delegates;
◼️ equal distribution of remuneration for large and small validators;
◼️ each user affects the decentralization;
◼️ the staking limit per validator is no more than 50,000 tokens.
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In the last analysis, the DMD Diamond user gets a free and reliable financial system, where each participant can not be afraid of losing funds due to incorrect actions of the management body.
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Join one of the most decentralized blockchains bit.diamonds!

enjoy

http://explorer.uniq.diamonds/address/0x5Fa9863B39AE588c8F9293171BBE5134277C330a/transactions

for feedback or questions
plz use slack or telegram chat https://t.me/DMDcoin

 Meta mask wallet on alpha 4 network
 0x5Fa9863B39AE588c8F9293171BBE5134277C330a
Thank you
Ron (Woody)

while open alpha is a step where we think network is stable enough for even inexperienced node operator so they cant harm the network
we even now think network is stable enough for open delegated stakers

so if u dont want to run a node but play around testing staking some test coins u can do it already now!

u need to have a web3 wallet that supports the DMD Diamond v4 Network, such as Metamask Browser Extension or the Brave Browser.

You need to add the DMD Network:
Network Name: DMDv4 Alpha4
RPC URL: 167.86.125.140:8540
Chain ID: 777012
Symbol: tDMD
Block Explorer URL: explorer.uniq.diamonds/

Now your wallet should be connected to the alpha4 testnet

once u in that stage just post ur alpha4 testnet address here so we send u some tDMD which u then can use test staking at staking.uniq.diamonds/

all we request in return from alpha testers is that they give feedback and report issues

we will add all questions and answer to them into a knowledgebase and classify them as as known limitations including expected moment they will be fixed, or if they are new issues with a issue link in github so u can see the status of the reported issue

Rotation of validators on DMDv4
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The block approval process looks like a list of transactions proposed by the current validators. They jointly confirm the block using signatures.
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By generating random numbers, the HBBFT consensus includes a mechanism for selecting validators, while using a secure mechanism for generating a random validator. It ensures that each of them will be chosen fairly.
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A good side effect is that other blockchain applications that need true randomness can use such RNG numbers, without their own RNG mechanism.
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The implementation of this algorithm (HBBFT) requires a small number of validator nodes, but with a constant and reliable connection between each node. DMDv4 will use 25 nodes in the active set, and they will change every epoch (the epoch is equal to 12 hours).
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So, thanks to random generation and constant rotation of validators, DMDv4 receives a secure and reliable decentralized algorithm that selects validators.
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Read more about the selecting validators mechanism at https://bit.diamonds/

original: https://t.me/dmd_coin/88

Stay tuned not to miss decentralized news with the Diamond DMD community!

more details can be found in whitepaper:
https://bit.diamonds/DMD_WP.pdf

Stay tuned to learn more!

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https://t.me/dmd_coin

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DMD Network initiation: how it works
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DMDv4 network is a new independent blockchain that shares not a single code line and uses a totally different and far advanced codebase than DMDv3 did.
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All the differences and the few industry’s first solutions that are a part of DMDv4 are well described in the White Paper. DMDv4 follows the vision of an involving DMD Diamond ecosystem that is technology agnostic using the best technology available and transform value towards the new technology.
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In the case of DMDv4, the value transfer happens by making sure the coin economic setup starts with exactly the same number of unlocked coins as there are existing on the old DMDv3 chain at snapshot. And each owner of a DMDv3 snapshot balance will be able to claim his coin balance 1:1 on the new v4 chain in the first 3 months after the mainnet launch.
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The percentage of coins that can be claimed will be decreasing over time and the claiming time window will end after 5 years. Not or late claimed coins will not be hard burned but instead soft burned and fuel the sustainable neverending coin circulation which is one of the major improvements of DMD that will be described in our articles in more detail soon.
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Let’s discuss how the DMD network is initiated in more detail.
When DMDv4 is released, all smart contracts are initiated in the genesis block (the first block of the network), along with the information about the bootstrap validators. First few days the network runs in a semi-closed environment slowly, allowing the longterm community members to join in and set up their validators. Once a healthy amount is reached, the network opens up and becomes a true open decentralized blockchain network.
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Initiating validators don’t have a currency advantage, as the reward itself is reduced for the startup phase.
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So, validators act as the main tools for the operation of DMD Diamond and ensure the smooth running of the entire network.
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Join the bit.diamonds network and build a new ecosystem with us!

original: https://t.me/dmd_coin/87

Stay tuned not to miss decentralized news with the Diamond DMD community!

more details can be found in whitepaper:
https://bit.diamonds/DMD_WP.pdf

Stay tuned to learn more!

telegram news channel:
https://t.me/dmd_coin

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I am puddling along on Exchange.

Wonderful end to winter here: wild storms. Our highway got washed out. Soggy emus.

How we implement Instant block finality
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Before we discuss how the DMDv4 system ensures the completion of the block, let's introduce users to the work of the DMDV4 consensus platform.
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Decentralization implies the presence of many participants in the network who make decisions. But this leads to the fact that the confirmation of many transactions requires more time and energy supply.
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To date, DMDv4 uses the most efficient HBBFT consensus for transaction confirmation, which has:
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◼️ Higher capacity.
◼️ High level of security.
◼️ Dynamic block time.
◼️ Stability.
◼️ Elimination of outdated blocks.
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The HBBFT protocol provides instant block completion. The block is created only after the transactions have been completed by the validating nodes in the network. If a block is signed by validators, it is terminated, even if it is the most recent block. This prevents temporary branching and creates an immutable transaction book.
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No mining is required to run HBBFT, and a small pool of validators is required for the protocol. DMDv4 uses a subset of 25 active validators that are randomly selected from a pool of all possible validators every 12 hours (Epoch).
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Choose the best bit.diamonds network with low fees and instant transactions.

original: https://t.me/dmd_coin/81

Stay tuned not to miss decentralized news with the Diamond DMD community!

more details can be found in whitepaper:
https://bit.diamonds/DMD_WP.pdf

Stay tuned to learn more!

telegram news channel:
https://t.me/dmd_coin

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a true decentral blockchain is owned by its participants if it survive the test of time is based if there still people run nodes

so if DMDv3 will continue in some form deepens on its participants

i can speak for my position in this regards only

and it is that for DMD is a technology agnostic idea and it can envolve

so for me DMDv4 is DMD after its release for me

DMDv3 is a empty hull that did give birth to DMDv4 and is after without a further purpose

again thats my opinion

as DMDv3 is owned by its participants its on them to decide if they keep runing nodes keep improve the software

DMDv3 wallet have issues it need development invested we didnt invest into DMDv3 time and energy because for us DMDv4 is the new evolotion of DMD

like the snake that grow dont care for the old skin that did become to small and it leave it behind

i will leave the old skin behind

the snake itself is alive and in best shape


reallity destroyed our time plans years ago
the project scope of DMDv4 did grow bigger
the work needed become more
the testing and stabilisation a hugh timesink

so i dont aim for a month or even a year

as long as there is no public beta testnet launched u know we still more then 3-6 months away of release
only a public beta testnet is launched u can hope for a mainnet release in a 3-6 month timeframe

so a late 2021 early 2022 could be possible if we able reach opentestnet state very soon
but IF we reach that stage that fast progress of alphatesting network will show



in short:
less then 10000 cant run a validator candidate can only participate in reward distribution via staking on validators operated by others

starting with 10000 u can run a validator candidate which give u ability participate dircet in securing the network and earning rewards

have more then 10000 allow u run multiple nodes or earn a bigger share of the rewards ur node produces


compressed to one sentence:

more is more
earns bigger share of rewards
give bigger voting weight in the DAO decisions

all that questions should be answerd by the whitepaper
please read it again

https://bit.diamonds/DMD_WP.pdf

Hello, I'm checking the update status for the first time in a while.
I have a question
1. Owners who own a V3 DMD will charge V4. If so, will the V3 DMD survive? Treated like Ethereum Classic? ??
2. Would you like to continue developing V3 after releasing V4?
3. I heard that the release of V4 is delayed. What month are you planning to come next year?
4. What are the advantages of 30,000 DMD owners over 10,000 DMD owners?
5. What are the disadvantages of 30,000 DMD owners compared to 50,000 owners?
6. I saw an article on discord where DMD coins will be burned in the near future. Would you please repost the images and details here?

DMD Diamond’s solutions to the crypto market problems



While developing DMDv4, we aimed to tackle several of the most pressing blockchain challenges, from the excessive use of energy to lost coins. The result is an elegantly balanced framework that is fair, efficient and decentralized.



Read on more: https://link.medium.com/dpLWLI7Heib

Point of clarification, HDD mining destroys SSD hard drives, since by design they only have a limited # of writes available.
The normal Sata hard drives would run normally for years.

DMD Diamond main mission


For more than seven years, DMD Diamond has been working on creating a unique ecosystem that would allow users to freely make profit in the crypto market. In more than 8 years, we have completely changed our consensus to a more environmentally friendly, fast and economical HBBFT based on dPoS.
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But why all this, and what do we want to achieve? The market requires changes, which means that each project must contribute to its renewal. We don't just want to reduce  the harmful impact of standard mining systems on our Earth but also to upgrade the financial system.
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DMDv4's mission is to give people the opportunity to achieve financial freedom and independence by creating a platform that provides a secure, affordable and profitable blockchain-based economy.
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We are actively working to promote open-source protocols and services. A market operating on interoperable blockchains is a new level that we all want to achieve.
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Join bit.diamonds and change the market for the better with us!

Stay tuned not to miss decentralized news with the Diamond DMD community!

more details can be found in whitepaper:
https://bit.diamonds/DMD_WP.pdf

Stay tuned to learn more!

telegram news channel:
https://t.me/dmd_coin

newsletter sign up:
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DMD solutions vs. green or HDD mining
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The blockchain industry is racing against time to find a solution to the resource waste challenge. While Bitcoin miners are targeting renewables, Chia is promoting so-called HDD mining (which can fry your hard drive). But DMDv4 goes further with its unique cooperative consensus model.
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Read on more: https://link.medium.com/eewRhtgR4hb

DMD Diamond’s update for June


In June, the DMD Diamond technical team completed several development milestones. In this digest, we will cover the main points.
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🔹 We redesigned inter-node communication: we changed the mechanism of how nodes identify each other and exchange known peers, and check the correct network ID. We have also changed the node client version. By changing the node client, we have updated the consensus engine and made improvements to the block synchronisation and verification code in the alpha testnet.
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🔹 When implemented the improved handling of validator candidates and proofs against other networks’ clients’ spam.
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🔹 We made a plan to add another layer of robustness to the alpha testnet before launching the beta testnet, which will eliminate the small chance of a corner case in the network that could freeze the network.
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🔹 We made a plan for performance tests on the alpha testnet to see what performance  numbers would be able to generate.
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🔹 We developed "client whitelisting", which will only let native DMD v4 nodes exchange data on the network.
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🔹 We improved the identification and banning of dishonest peers to increase the network robustness.
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🔹 We found a new corner case that could lead to the network being stuck. A solution for this corner case was planned to be part of the next update, which we hope to be implemented in the alpha testnet.

Looking at the features of the DMD Diamond blockchain from the user’s perspective

https://dmd-diamond.medium.com/looking-at-the-features-of-the-dmd-diamond-blockchain-from-the-users-perspective-d36ec0fcf0c3