🗣️ Staking on the DMD Diamond Blockchain — A True Picture of Blockchain Decentralisation!
If you are looking for a blockchain that boosts true decentralisation while securing its network via staking and transaction validation, then the DMD diamond blockchain is your go-to. It’s needless to argue that decentralisation forms the core feature of a blockchain. However, it’s worrisome that many blockchains today that boost decentralisation are typically centralised ecosystems.
Ethereum, a blockchain known to be the home of smart contracts and decentralised applications (DApps), has recently been flagged for privacy concerns. Justin Drake, a researcher at the Ethereum Foundation, unveiled that the IP addresses of Ether stakers are monitored as a broader part of the metadata obtained. With that information, stakers could be tracked via their IP addresses. Therefore, Ethereum couldn’t further boost on-chain privacy, allowing unsolicited data mining and censorship attacks.
That’s where the DMD Diamond Blockchain comes as a superior and an alternative to Ethereum and other allied blockchains. Staking and transaction validation on the DMD diamond blockchain doesn’t come with a single block finder, but only a set of 25 validators unanimously create a block and get incentivised in return. There’s no IP address attached to the block finder, and hence, none is visible to be monitored for who contributes to a transaction or a block on the network.
With the DMD Diamond Blockchain, we can boost an ecosystem with true decentralisation, censorship resistance, on-chain & off-chain privacy, robust security, and more. Indeed, the DMD Diamond blockchain v4 upgrade (DMDv4) is a thoughtful evolution of the Bitcoin founder’s intention, with added use-cases of smart contract abilities of Ethereum (supporting interoperability with EVM-based projects), instant transaction finality, true censorship and fork resistance, dynamic block times, first industry feature algorithm (HBBFT), higher throughput, cheaper transaction costs, etc.
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