The discussion around blockchain scalability is usually toward optimising blockchains for higher throughput and lower gas fees. However, when such conversation is presented to developers or users interacting with smart contracts, time-bound NFT mints or high-stake DeFi, they reply: transaction finality is the most important scalability base-layer — nothing else comes before it — not lower fees or higher speed. While it is impossible to scale reversible or broken transactions, higher speed and lower gas fees could enable seamless blockchain’s usability only when instant transaction finality is guaranteed in a blockchain. That is the pace the DMD Diamond blockchain is setting in the Web3 world — by offering instant transaction finality for Web3 builders and users. Thanks to its implementation of the world-first cooperative HBBFT algorithm. the DMD Diamond blockchain is setting in the Web3 world — by offering instant transaction finality for Web3 builders and users. Thanks to its implementation of the world-first cooperative HBBFT algorithm.
In addressing scalability issues, many blockchains today, including the fastest chains, missed the need to address transaction finality issues. As a result, they are plagued with delayed transaction finality in their ecosystem. In such ecosystems, when transactions are confirmed, they are not immediately final, and can therefore be orphaned, reordered, or reversed by malicious nodes in subsequent blocks following chain reorganisation. For instance; in DeFi, delayed transaction finality predisposes to front-running, MEV exploitations, and liquidity race situations. In NFT auction or minting, delayed finality can facilitate malicious participants jumping queues. In Web3 gaming projects, it prevents competitive fairness among players. It can also cause logic failure in dApp and bridging automation. Therefore, instant transaction finality is not only a technical feature every blockchain should consider offering, but also a necessity for seamless user experiences in the Web3 ecosystem.
Hence, the DMD Diamond blockchain took the lead to solve finality issues by design, through implementing the HBBFT algorithm. This consensus mechanism ensures that once a transaction is added to the block, it is immediately final — no forks, no rollbacks, no doubts, no waiting. Users are able to execute their tasks without additional confirmation waiting times — with a single click, you are done. With DMD Diamond blockchain, developers can build dApp and smart contracts with simple logic, thanks to its instant transaction finality offering. Protocols like tokenomics mechanics, interoperability and DeFi logics, etc., are also welcome on the DMD Diamond blockchain, to get strengthened with our real-time finality system.
Therefore, the DMD Diamond blockchain is already providing a level playing ground for Web3 builders and users, through its industry-first, instant transaction finality use-case. Imagine you want to mint NFTs, approve a DeFi grant or execute a payout in a GameFi project, and your executions are not only fast but get done immediately. Exciting, indeed! That is what you get to enjoy by hosting or building your projects on top of the DMD Diamond blockchain. Additionally, the DMD Diamond blockchain does not only offer your projects higher throughput or speed (minimum of 400 TPS) and lower gas fees, but also present it with other industry-first abilities such as; dynamic blocktimes, enhanced security and censorship resistance, improved randomness and front-running prevention, onchain DAO and more. Thanks to the DMD Diamond’s technology design — the HBBFT algorithm.
Do you want to be another third-party project leveraging on our consensus baked instant transaction finality offering and other industry-first abilities? Join our community on Telegram and Discord for the next directions!
Here is our whitepaper to learn more around the ecosystem and our open-source GitHuB to see ongoing developments!
