What Is Diamond (DMD)?

Diamond (DMD) is built to be a part of future blockchain-based ecosystems that make use of bridges and other cross-chain value transfer methods. Cross-chain is a technology used to enhance the interconnection between blockchain networks and to allow the exchange of information and value. The goal of the Diamond platform is to provide each participant with as much freedom as possible to host projects on the platforms that best suit their needs. While most needs are addressed by the DMD blockchain, other blockchains are used to manage the unique needs of other developers and players.

Diamond (DMD) claims to return power to the people by allowing for the immediate, secure, and low-cost transmission of value anywhere in the world without a centralized trusted third party. With its network protocols, infrastructure, and services, the contemporary age-rewarding monetary system gives new economic opportunities for all.

According to the whitepaper, the goal of the Diamond platform is to help people attain financial freedom and independence by offering a secure, inexpensive, and rewarding smart contract-powered blockchain economy. The platform aims to contribute to the blockchain ecosystem by developing open-source protocols, utilities, and services, advancing blockchain interoperability and thereby enhancing the cryptoverse's viability. (Open source is a software program or platform that has source code that is easily accessible and can be modified or updated by anyone.)

DMD is the ticker code of the Diamond platform. DMD represents a finite and constant-size resource with reward income ability. Users can earn rewards for active coin usage as a validator or dPOS staker aiming to secure the blockchain. Delegated Proof of Stake (DPoS) is an evolution of the concept of PoS, where network users validate the next block by voting and electing delegates.

Diamond has been steadily improving and expanding its brand. DMD may help users take their business to the next level. They can utilize it to promote their brand, increase client engagement, and join the new economy. Diamond takes an environmentally responsible approach by using green protocols and lightweight software to power its network, reducing carbon emissions and greatly reducing electricity use.

History of Diamond (DMD)

The Diamond DMD was founded in 2013. Aleksander Mesor is the Chief Executive Officer of Diamond and has laid the DMD Foundation for more than seven years. Other team members include Helmut Siedl, the Chief Visionary Officer; Thomas Haller, the CTO; and Dr. David Forstenlechner and Dietmar Hofer, contributors. The total supply of DMD coins is 4,380,000 DMD.