The DMD Diamond blockchain announces the successful launch of the DMDv4 mainnet. Since its launch, the network has seen a steady daily increase in new accounts, demonstrating strong interest from the community and developers.
This landmark milestone makes DMD Diamond the world’s first Layer-1, EVM-compatible blockchain to successfully implement the HBBFT consensus algorithm combined with the POSDAO validator election mechanism.
The launch of DMDv4 represents the culmination of years of development and marks a new era for the ecosystem. It offers developers and users a platform with unprecedented capabilities.
Key benefits include instant transaction finality, dynamic block times, low fees, and a throughput and block gas limit 20x higher than Ethereum.
The HBBFT mechanism provides enhanced security, censorship resistance, and protection against front-running transactions.
The network’s decentralization is strengthened by the POSDAO mechanism, which randomly selects 25 validators every 12 hours to secure the blockchain and earn rewards. This system ensures fair participation and prevents the centralization of power.
Community Growth and Ecosystem Expansion
Reinforcing this robust model, DMD Diamond is pleased to announce a partnership with HIROtech.io, which has joined the ecosystem as its second corporate validator. This partnership brings over nine years of institutional-grade experience in liquidity engineering and blockchain development to the DMD network.
Helmut Siedl, the visionary behind the DMD Diamond blockchain, commented on the launch:
“The launch of DMDv4 is more than just an update; it is a fundamental shift in what a decentralized world can be. We are the first to successfully implement HBBFT consensus in an EVM-compatible environment, laying the foundation for a truly fair, fast, and secure digital economy.
DMDv4 invites developers and innovators worldwide to join us in creating the future on a platform that values security, decentralization, and community governance above all else.”
Founded in 2013, DMD Diamond has always adhered to organic growth principles, eschewing ICOs or venture capital funding. Since its inception, the project has had no pre-mine, underscoring its commitment to a fair and community-driven model. With the launch of DMDv4, governance shifted to an on-chain DAO, allowing coin holders to influence the development of the ecosystem directly.
The launch of the DMDv4 mainnet lays the foundation for future innovations, including:
- Diamond-UI v2: A refreshed and intuitive user interface.
- Diamond Naming Service (DNS): A service for creating personalized and readable addresses on the blockchain.
- On-Chain DEX: A decentralized exchange built directly onto the blockchain.
- DAO/Token Creation Toolkit: Simplifying the launch of new projects in the ecosystem.
- Cross-chain Interoperability: Integration with other blockchains to increase liquidity and accessibility.
The ecosystem is already attracting third-party projects. BlockServ is preparing to launch an NFT marketplace, the uNiq Diamonds collectible game, and the Diamond Gladiators tactical arena on DMDv4, leveraging the new blockchain’s unique advantages.
Meanwhile, reflecting the project’s growing recognition, an increasing number of exchanges are adding the DMD coin to their listings, thereby expanding its accessibility to a global audience.
ALSO READ: What Is 5005706806? Full Meaning Explained
About DMD Diamond
Founded in 2013, DMD Diamond is one of the oldest running Layer 1 blockchains designed for security, interoperability, and decentralized governance. DMD Diamond community collectively steers the development of the ecosystem, fostering a collaborative and transparent environment for building next-generation dApps.
Find more information at bit.diamonds
Read the whitepaper at GitHub
