Does The DMD Diamond Blockchain Support Autonomy With DMD DIAMOND Coin holders?

DMD DIAMOND
2 min readApr 29, 2022

--

DMD diamond blockchain is a community-driven project with zero premine or ICO sales. It’s a decentralised autonomous organisation (DAO), and only members of DMD diamond blockchain community (the miners, validators, liquidity providers) are with the sole authority to make decisions, pull resources, and define the course of the project.

To the question — Does the DMD diamond blockchain support Autonomy with coin holders?

Yes it does! DMD diamond blockchain combines HBBFT (Honey Badger Byzantine Fault Tolerant) consensus algorithm with a delegated Proof of Stake (dPOS) node election decentralization mechanic (POSDAO). It’s the POSDAO that makes the DMD diamond blockchain truly decentralized, thus, allowing for random rotation of power, staking by different validators, and fair distribution of rewards among active community participants — both the validators and stakers.

DMD diamond coin holders (irrespective of either a validator or staker) have the sole wherewithal to vote, define marketing and funding strategies, and every other efforts toward the success of the project. They can take part in governance and staking mechanisms without even running a full node.

This is responsible for the robust security and stability of the blockchain, and serving as a go-to alternative to other existing blockchains.

Learn more — https://bit.diamonds/

--

--

DMD DIAMOND
DMD DIAMOND

Written by DMD DIAMOND

The first blockchain with a cooperative HBBFT consensus, EVM smart-contract abilities and dPOS-based validator election. Learn more: https://bit.diamonds/