Over the years, the blockchain ecosystem has been challenged with a trade-off. It is either you are building on already established blockchain giants and see your users getting cheated by MEV (Maximal Extractable Value) bots or switch to a fast, new Layer 1 and later figure it is a centralized database controlled by venture capitalists.
No such trade-offs using the DMD Diamond blockchain. It is a truly decentralized ecosystem with no ICO, no premine, and no backup funds from venture capitalists. The blockchain is absolutely controlled by the DAO, which are practically the validators and delegated stakers securing the network.
By combining the best of Bitcoin, Ethereum, and added abilities; the DMD Diamond blockchain is not only a sovereign tech stack, but also a go-to ecosystem here to truly revolutionize developers’ journeys in the blockchain space.
The Blind Block Advantage
On blockchains like Ethereum and most layer2 ecosystems, validators could see your users’ transactions. They could figure out the profitable ones, and attempt to reorder those transactions for sandwich attacks.
The DMD Diamond blockchain natively prevent such attacks by using the HoneyBadger BFT (HBBFT) consensus to provide a level playing field for users through:
- Encrypted Contributions: On the DMD Diamond, validators propose batches of transactions that are fully encrypted. There must be agreement on the block before anyone on the network knows what it contains.
- Randomized Ordering: Following decryption, transactions are then processed in a random manner.
Hence, fairness is undoubtedly hardcoded on our chain. Validators can never front-run what they lack access to see. This ultimately forms the basis of our improved front-running prevention use-case by our ecosystem.
No Room For Mempool Predators
Standard blockchain networks are known with fixed heartbeats. For example; it is 10 minutes for Bitcoin and 12 seconds for Ethereum. The idea of heartbeat creates a mempool (a waiting room) where predators do have ample time to see, examine and attack pending trades.
In contrast; the DMD Diamond blockchain showcases Instant Transaction Finality and Dynamic Blocktimes.
Once a transaction enters the pool, our network immediately spins up a block. It is instantly final. When the network is not much transaction loaded, it rests. When volume spikes, it accelerates. By constantly emptying our network pool, we eliminate the opportunity for mempool predators to conduct malicious analysis and attacks.
Build on top of a Blockchain Where You Can’t be Rugged
Most of the modern blockchains are only decentralized on the surface. They are actually led and controlled by some people. They are controlled by admin keys or multisigs. If you build on top of such chains, you are wholeheartedly at the mercy of the founders and other team members.
The DMD Diamond blockchain offers you a sovereign ecosystem through the following:
- Outstanding Heritage: The blockchain was launched in 2013 with no Initial Coin Offering (ICO), no premine, and no VC backups. Exactly like Bitcoin, our founder disappeared. But unlike Bitcoin, our founder left with no stash of coins. Every existing DMD Diamond coin today was earned and will continue to be earned by the community members themselves as reward for securing the network.
- True DAO Supremacy: There is nothing like admin keys or multisigs. Ownership of all network contracts is irrevocably held by the DAO, following the DMDv4 mainnet release. For any upgrade on the network, a validator must propose it to other validators via the DAO, which either ends in approval or disapproval. Hence, your dApp and other engagements on our network are protected from any arbitrary decisions.
- The DMD Diamond Association: This is a non-profit organization, established with the aim of fostering and advancing the decentralized principles of the DMD Diamond ecosystem. The association acts as a facilitator for the growing global community around the DMD Diamond blockchain. The organization aims to support resources, and coordination for all ecosystem participants, ensuring that developers, users, and investors can effectively engage with the blockchain.
Enjoy The Best of Three Worlds in a Single Stack
Why do you have to choose between security and usability? Why not enjoy both? Look no further! The DMD Diamond blockchain offer you the best of three worlds in a single stack through the following;
- The Bitcoin Philosophy: By taking clues from Bitcoin philosophy; the DMD Diamond blockchain is able to offer improved censorship resistance, DMD Diamond coin scarcity and 10+ years of proven resilience.
- The Ethereum Functionality: Our blockchain is fully EVM compatible. With your Solidity, etc., coded projects, you are good to go integrating with our ecosystem.
- HBBFT Algorithm: We are the first to successfully implement the HBBFT algorithm. This provides us with added abilities beyond that of Bitcoin and Ethereum; such as instant transaction finality, dynamic blocktimes, improved randomness and front-running prevention, improved security and censorship resistance, onchain DAO, sustainable coin economic reward logic and more.
Ready to build on top of an ecosystem that respects your code and protects your users? Initiate the conversation and start enjoying these cutting-edge use-cases!
