DMD and its contribution to the blockchain.

21 Jan 2022, 13:06

DMD and its contribution to the blockchain 🚀 ⠀ The DMD Diamond coin was created in 2013 based on forks of Bitcoin and launched as a limited-supply proof-of-work (PoW) and proof-of-stake (PoS) coin, which already represented an advantage over the competition. Since then, DMD has proven multiple times its ability to upgrade, which is well illustrated by DMDv4. ⠀ DMDv4 is based on an Open Ethereum node client software with Ethereum VM abilities customized by the DMD team. DMDv4 is the first blockchain to combine a cooperative consensus protocol (HBBFT Honeybadger) with a delegated PoS-powered validator election (POSDAO). ⠀ Validation rotates among the validation candidates, with 25 being picked randomly every 12 hours (epoch). During one epoch, the validator nodes use the HBBFT consensus protocol to validate transactions, and epoch rewards are distributed equally among the nodes. This allows for high speed and performance, absolute censorship resistance and fork resistance, and instant finality of transactions. ⠀ Our aim is to provide every participant with freedom to host projects on the platforms that best apply to their needs, so interoperability and full compatibility with other blockchains is another important feature of DMDv4.

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DiamondDMD #959

21 Jan 2022, 13:21

#DMD and its contribution to the #blockchain 🚀 DMDv4 is the first blockchain to combine a cooperative consensus protocol (#HBBFT #Honeybadger) with a delegated #PoS-powered validator election (#POSDAO).

#DMD and its contribution to the #blockchain.